China, its Steel Industry

Steel industry in China was a period of great prosperity in the 20th century, and large-scale steel manufactures were frequently to be seen in heavy industry cities. The steel raw materials and finished materials produced were used for domestic sales and international export respectively, which also reflected the steady growth of China’s economy after the Second World War and the Chinese Civil War. However, in the late 20th century and early 21st century, due to export restrictions, decline in production technology and quality, and saturation of domestic steel industry, China’s steel industry suffered a sharp decline, and shrinking scale and the failure of small steel mills became the main trend of the early 21st century of steel industry. Well, this is the new topic as related national industry. there is nothing about Kid by this time however I may share you all about continuous theme post later about Kids, Children.

Historical changes remind us how important reform and innovation are. Instead of waiting to die, Chinese steel manufactures adapt and change the development process of steel in China through various changes. ShouGang is the first major investment project in Latin America after China’s reform and opening up. In 1992, ShouGang became the first China State-owned enterprise to successfully acquire a foreign company by buying 98.4% of Peruvian Iron Ore company and its permanent mining, exploration and management rights in its 670.7 square kilometers of mining area for us $120 million. Peruvian Steel Manufacture is consists of mining, ore dressing, pellets and transshipment loading. The final products include blast furnace pellets, direct return pellets, fine powder, coarse fine powder and coarse grain ore. The annual output of iron ore powder from 2013 to 2016 is over 10 million tons.

It is also a shot in the arm for China’s steel industry. It is a necessary link for the development and reform of China’s steel industry. From ancient times to today, the development of China’s steel industry has gone from prosperity to decline, then to reform and transformation, then to independent research and development, and now to catch up with the world’s steel level, which has also contributed a lot to the continuous growth of China’s economy.

China steel manufactures are looking for new export destinations in Africa and South America as exports to southeast Asia, traditionally the biggest overseas market, drop at a double-digit rate. It is obvious that export opportunities for Chinese steel companies are increasingly limited. China’s steel exports to traditional markets such as Vietnam and South Korea have fallen at a double-digit rate since last year, reflecting fierce competition from strong rivals such as Russia. Anti-dumping duties imposed on Chinese steel products by southeast Asian countries such as Thailand, Vietnam, Indonesia and Malaysia have also affected Chinese steel exports.

Exports to South America and Africa accounted for 8% of steel exports in China last year, and China exports to parts of the region have grown significantly this year. According to WTO data, there are fewer countries in Africa and South America that have imposed anti-dumping duties and related trade protection measures on Chinese steel products than Asian countries. As Chinese steel manufactures tap into these markets, they could impact local companies.

In recent years, the continuous development of B2B platform has also brought new business opportunities to overseas sales of the steel industry. The B2B websites set up of steel industry has led the steel industry to a new era of science and technology, and, the biggest B2B platform of steel industry in China, is as local industrial vane to integrate with production base and online sale together.

Function of B2B websites in steel industry:

  1. Inquiry on line

After the seller input the price, specification, material and other basic information of its products to the B2B website through the background, the buyer can inquiry online. Under the same material condition, you can compare the cost between different websites.

  1. Easy to buy

B2B website for buyers and sellers to set up the instant messaging tool commonly, if buyers find themselves interested in products on the Internet, can through this instant messaging tool to contact the seller immediately, the further understanding of the product, if both sides are satisfied, finally can also through the instant messaging tool online or offline deal. This kind of online instant messaging is much more convenient than the traditional meeting and negotiation mode.

  1. Cost save

The traditional meeting and negotiation trading mode makes merchants not only waste precious time, but also pay a lot of costs on it. B2B websites are a good solution to solve these problems. They are not only greatly reduce the cost of communication, but also to find the cheapest products through B2B websites of the steel industry for buyer, and then to saving the cost.

  1. Safety

Using B2B websites, your transactions are all transparent, which can effectively reduce irregular transactions.

Posted on