Foreign trade export situation: iron and steel export troubles

Recently, the European Union made a final ruling, deciding to apply anti-dumping measures at a tax rate of 19.7% to 22.1% on cold-rolled steel products originating in China, while taking retrospective tax measures. On July 29, the EU made a final ruling on anti-dumping of steel products originating in China, and decided to implement anti-dumping measures with a tax rate of 18.4% to 22.5%. In May, China launched an anti-dumping investigation on HRC and the EU launched an anti-subsidy investigation.
In addition to the EU, the most recent protections against Chinese steel products are Turkey, Brazil and Vietnam. Previously, the Turkish Ministry of Economy issued a final anti-dumping decision, and the import decision to China after the imposition of anti-dumping duties on seamless steel pipe products responded that the corporate tax rate is $100/ton, and the tax rate for other companies is $120/ton. In July, Vietnam imported steel billets, wire rods and color steel plates from China for two consecutive times, taking safeguard measures. Brazil also decided to sue anti-dumping investigations from China''s high carbon steel wire products, steel, and hot rolled steel.
China''s steel exports rose 5.8% in July to 10.3 million tonnes in January and 10.9 million tonnes in June, while exports in the January-July period rose 8.5% to 67.4 million tonnes, a record high for the month. According to data released to China Customs. Since China still exports a lot this year despite the global overcapacity, it has aroused national dissatisfaction and vigilance and trade frictions.
In 2015, China''s steel exports were 112.4 million tons, and the first volume of 100 million tons exported a record high, accompanied by winter trade frictions.
According to the data, in 2015, there were 46 steel trade remedy investigation cases in China, an increase of 19 cases, accounting for 46.9% of China''s annual trade remedy investigation, and the industry continued to suffer the largest trade remedy investigation. In 2014, there were 97 trade frictions involving 27 kinds of steel products, accounting for about 27.84%, which has become the biggest hit by trade frictions.
The intensification of trade frictions is reflected not only in the increase in the number of cases, but also in the deepening degree. For example, in November last year, nine steel associations in the United States and Europe jointly issued a statement accusing the Chinese steel industry that the global steel industry is suffering from the overcapacity crisis, the main impact. Therefore, China''s nine iron and steel associations automatically obtained the objection of market economy status on December 11 this year.
In May of this year, the US International Trade Commission (USITC) announced that it had conducted 337 investigations into the export of carbon steel products from 40 Chinese steel companies and U.S. subsidiaries. According to the investigation procedure, once the ruling company violates the rules, related products may be permanently banned from entering the US market.
China''s steel storm is hard to fall behind, it is a harsh environment for the global steel trade. Industry insiders pointed out that exports and trade protectionism in the global steel trade have surged, and friction has increased significantly.
The final ruling of the US International Trade Commission''s June "dual reverse" investigation of imported corrosion-resistant sheets also found that dual exporters were involved, in addition to China, including India, Italy, and South Korea.
Kondo, president of the Japan Iron and Steel Federation, said at the July meeting that the global anti-dumping of steel products increased by 207, including 31 Japanese products and 54 Japanese products.

2. New business models enter export growth
Judging from the foreign trade business in the first seven months of this year, China''s foreign trade continued to be stable with a good trend. Especially since March this year, the decline of China''s total exports has narrowed for five consecutive months, and its export performance has been better than that of the world''s major economies such as the United States, Japan, South Korea, Russia, and India. From the perspective of main business, private enterprises are still the main force of exports.
In the first seven months, the export of private enterprises increased by 3.6%, showing a positive growth, accounting for 46.8% of the national export, an increase of 2.6 percentage points over the same period last year. Private enterprises account for foreign-funded enterprises, and state-owned enterprises account for more than exports, maintaining China''s largest export-oriented position.
The export of private enterprises and the export of general trade shall be consistent. From the perspective of trade, from January to July, general trade exports increased by 0.8%, accounting for the proportion of total imports and exports.

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