Excessive capacities and stagnant demand in the domestic market pushes manufacturers of metal distribution from China to look for new opportunities for sales of products in foreign markets. This is reported by Interfax-China.
Chinese analyst Hu Yanpin told the intrafax correspondent that "there was no room left in the domestic market for metallurgical enterprises, so they intend to pursue a more ambitious policy in the world market and win most of it."
Meanwhile, as China Daily writes, China’s steel industry will continue to face difficulties. She will have to reduce expenses and make every effort to increase exports in the first quarter of this year. "The development of China’s metallurgical industry is in the hands of politicians," said Mysteel analyst Mr. Zhang Tishan.
“The reserves of metal products in warehouses reached 20 million 380 thousand tons, which is the largest indicator since 2004, and if earlier they were absorbed by the market after the holidays, today they continue to accumulate,” Zhang Tishan emphasizes.
Chinese metallurgists have little space in the domestic market - Chinese Interfax
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Azovpromstal® 1 March 2013 г. 09:01 |
