imports
STSG – STEEL TRADE STUDY GROUP QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR 9
STSG QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE REPORT NR. 9 – JUNE 2012
STSG - TRACKING TRENDS IN STEEL EXPORT & IMPORT FLOWS
STSG – STEEL TRADE STUDY GROUP QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR 9
I. TRENDS IN INTERNATIONAL STEEL TRADE STSG - TRACKING TRENDS IN STEEL EXPORT & IMPORT FLOWS
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
INTERNATIONAL STEEL TRADE RECOVERED FROM A SHARP DIP IN 2009. BUT 2012 MIGHT SHOW AGAIN A STAGNATION IN INTERNATIONAL STEEL TRADE
SOURCE: OECD
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
IN 2011, CHINA WAS THE MAIN STEEL EXPORTER AND EU-27 WAS THE MAIN STEEL IMPORTER
SOURCE: OECD
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9 – JUNE 2012
EU-27: IN 2012 STEEL IMPORTS INTO EU APPEAR TO STAGNATE AFTER A +25% IN 2011 EU FINISHED STEEL IMPORTS
•
EU FINISHED STEEL IMPORTS INCREASED BY +25% IN 2011, SUBDUED DEMAND AND WEAK € EXPECTED TO KEEP OVERALL FINISHED STEEL IMPORTS AT BAY • MAJOR SURGE IN 1H’11 DISTORTING SPECIFIC PRODUCT SEGMENTS SUCH AS ORGANIC COATED, PLATE AND TIN MILL
•
HOT-ROLLED COIL FROM RUSSIA
6
SOURCE: EUROFER
FINISHED IMPORTS FROM CHINA, RUSSIA AND UKRAINE ALMOST 60% OF TOTAL EU IMPORTS • CHINA AROUND 60% SHARE OF EU COATED SHEET IMPORTS
HOT-ROLLED COIL FROM CHINA
ORGANIC COATED SHEET FROM CHINA
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9 – JUNE 2012
SINCE LATE 2011, EU TURNED BACK TO BE A NET EXPORTER FOR FLAT STEEL PRODUCTS •
TRIGGERED BY EU DOMESTIC DEMAND GROWTH, FLAT STEEL IMPORT SURGES RECORDED IN 2007 AND 2011 DISRUPTING MARKET SUPPLY-DEMAND BALANCE
•
PERSISTING WEAKNESS OF EU CONSTRUCTION MARKET REFLECTED IN LOW LONG PRODUCTS IMPORTS, STRONGER EXPORTS DAMPENING THE NEGATIVE IMPACT OF A REDUCED EU DOMESTIC MARKET FOR EUROPEAN LONG PRODUCT PRODUCERS EU IMPORTS – EXPORTS FLAT PRODUCTS
SOURCE: EUROFER 7
EU IMPORTS – EXPORTS LONG PRODUCTS
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9 – JUNE 2012
EU STEEL IMPORT LICENCES ARE EARLY MARKET CYCLE INDICATORS 2012 LICENCE APPLICATIONS FOR FLAT STEELS REMAIN SUBDUED. IMPORT LICENCES 2007-2012 FLAT STEEL PRODUCTS ‘000 TONS PER MONTH
1923
IMPORT LINCENCES FLAT STEEL PRODUCTS 2012 – MONTH BY MONTH IN ‘000 TONS
1611 1380 1252
1098
2008
2009
1044
1031
880
866
2007
1127
1069
2010
2011
2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
0CT
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9 – JUNE 2012
EU STEEL IMPORT LICENCES ARE EARLY MARKET CYCLE INDICATORS EARLY 2012, LICENCE APPLICATIONS FOR LONG STEEL PRODUCTS ARE SLIGHTLY HIGHER THAN AVERAGE 2011 IMPORT LICENCES 2007-2012 LONG STEEL PRODUCTS ‘000 TONS PER MONTH
IMPORT LINCENCES LONG STEEL PRODUCTS 2012 – MONTH BY MONTH IN ‘000 TONS
856 588 286
2007
2008
2009
337
347
379
2012
JAN
477 291
281
FEB
MAR
259
2010
2011
304
APR
MAY
JUN
JUL
AUG
SEP
0CT
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9 – JUNE 2012
10
JAPANESE STEEL EXPORTS CONTINUE TO DECREASE JAPANESE STEEL EXPORTS HAVE DECREASED Y-O-Y FOR FOUR CONSECUTIVE QUARTERS LOSING SIGNIFICANT MARKET POSITIONS IN MAIN ASIAN MARKETS.
JAPAN: STEEL EXPORTS BY DESTINATION '000 tons 12,000 10,000
SOURCE: MINISTRY OF FINANCE OF JAPAN
Q1-12
Q4
Q3
Q2
Q1-11
Q4
Q3
Q2
Q1-10
Q4
0
Q3
2,000
China Korea
Q2
Thailand
Q1-09
4,000
Q4
USA Chinese Taipei
Q3
6,000
Q2
Others Vietnam
Q1-08
8,000
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9 – JUNE 2012
11
JAPANESE STEEL IMPORTS CONTINUE TO INCREASE. JAPANESE STEEL IMPORTS ARE REGAINING PRE-CRISIS LEVEL.
'000 tons
JAPAN: STEEL IMPORTS BY COUNTRY OF ORIGIN
2,500
2,000 1,500
Others Chinese Taipei
1,000
China Korea
500
SOURCE: MINISTRY OF FINANCE OF JAPAN
Q1-12
Q4
Q3
Q2
Q1-11
Q4
Q3
Q2
Q1-10
Q4
Q3
Q2
Q1-09
Q4
Q3
Q2
Q1-08
0
QUARTERLY ON STEEL INTERNATIONAL STEEL ARE TRADEON NR.9-JUNE 2012 IN 2012,REPORT NAFTA IMPORTS THE RISE
Metric Tons (millions)
NAFTA FINISHED IMPORTS
-
AGAIN
IMPORT MARKET SHARE 35.0% 30.0%
8 7 6 5 4 3 2 1
25.0% 20.0% 15.0% 10.0%
.
.
.
.
.
2008
.
.
.
.
.
2009
.
.
.
.
2010
.
.
.
5.0% 0.0%
2011
2012
…WHEREAS NAFTA EXPORT S ARE TRENDING DOWN NAFTA EXPORTS
% OF SHIPMENTS 35.0%
2.5
30.0%
Metric Tons (million)
3.0
25.0%
2.0
20.0%
1.5
15.0%
1.0 0.5
5%
7%
6%
7%
6%
8%
7%
6%
5%
6%
5%
6%
5%
6%
5%
6%
4%
0.0
10.0% 5.0% 0.0%
.
.
.
.
.
.
.
2008 2009 SOURCE: AISI, STATISTICS CANADA,CANACERO
.
.
.
. 2010
3
.
.
.
. 2011
.
. 2012
NAFTA IMPORT MARKET SHARE, AT18% IN 1Q12, IS UP BY 3 POINTS COMPARED TO 1 QUARTER 11
AT THIS RATE, IMPORTS . WOULD ANNUALIZE AT 23 MILLION MT VS. 18 MILLION IN ’11.
NAFTA EXPORTS TO OTHER REGIONS DROPPED SHARPLY IN THE 1Q12 TO 1.1 MILLION MT FROM 1.5 MILLION MT IN 1.Q 2011
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012 EU WORRIES ON UNCERTAINTIES RELATED TO RUSSIA JOINING WTO • •
QUOTAS TO THE EU WILL BE ABANDONED FOLLOWING THE RUSSIAN ACCESSION TO WTO EUROPEAN STEEL INDUSTRY VOICES RAISE CONCERN ABOUT HIGHER IMPORT OF RUSSSIAN FINISHED STEEL
RUSSIAN SHARE IN EU IRON AND STEEL IMPORTS 2001-2011, MMT RUSSIA’S STEEL EXPORT BY MAIN REGIONS, MMT. 160
16,0
other
140 120
Russia
100
Russia under agreement
14,0 12,0 10,0
80
8,0
60
6,0
40
4,0
20
2,0
0 LONGS
PRIMARY IRON SEMI-FINISHED PIPES AND TUBES MATE RIALS
ЕU QUOTA FILL RATE BY RUSSIAN COMPANIES, %
ASIA
EU(27)
OECD
NORTH AMERICA
OTHER
C.I.S.
EU EXPORT TO RUSSIA, BLN. EUR
3,5 3,0 2,5
5
4
90,6 76,2 59,1
40
63
60
Steel
76,8
60
MIDDLE EAST
3
2,0 1,5 1,0
2
QUOTA USE
MACHINERY& MECH. APPLIANCES VEHICLE SOTHER THAN RAILWAY ARTICLES OF IRON OR STEEL
2011
2010
2009
2008
2011
2007
2010
2006
2009
2005
2008
2004
2007
2003
0 2006
2002
0
2001
1
20
2000
100 80
2012 E
0,0
Machinrey
FLATS
2010 2011
0,5 0,0
ELECTRICAL MACHINERY & EQUIPMENT IRON & STEEL
SOURCE: EUROSTAT, IMF, BLOOMBERG,STATISTICS SOUTH AFRICA, NLMK RESEARCH, RUSSIAN FEDERATION CUSTOMS SERVICES
-16-
QUARTERLY REPORT ON INTERNATIONALNET STEELSTEEL TRADE NR.9-JUNE 2012 TURKEY IS A TRADITIONAL EXPORTER
20.0 20.0
18.7
Export
17.6
18.0
16.7
Import
15.4
16.0 14.0
18.5
13.9
13.3
13.6
12.3
12.0
10.5
10.1
11.0
10.7
10.0 8.0 6.0
5.0
4.5
4.0
2.8
2.7
2011-Q1
2012-Q1
2.0 0.0 2005
2006
2007
2008
2009
2010
2011
11 SOURCE: TURKISH IRON & STEEL FEDERATION
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
LONGS REPRESENT THE BIG LOT OF TURKISH STEEL EXPORTS 100% 90% 80% 70% 60% 50%
7.7
9.6
12.9
10.9
9.2
11.8
10.5 2.2
40% 30% 20%
1.5 1.2 1.4
10%
2.2
1.4
1.2
2.3
1.7
1.6
1.7
2.5
2.4
2006
2007
2008
2009
0.3
3.7
2.5
0.5
0%
2005
Semis
Flat Steel
SOURCE: TURKISH IRON & STEEL FEDERATION
LongSteel
2010
Pipes
2011
2012-Q1
Others 13
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
THE BULK OF TURKISH IMPORTS ARE FLAT STEELS 100% 90%
0.9
0.9
1.1
1.2
0.8
1.2
1.4
80%
0.3
70% 60% 50%
6.8
8.0
8.0
8.6
5.6 6.8
6.4
1.5
40% 30% 20% 10%
1.9
2.8
3.4
3.8
2006
2007
2008
3.6 2.4
2.2
0.7
0%
2005
Semis SOURCE: TURKISH IRON & STEEL FEDERATION
Flat Steel
2009
LongSteel
2010
Pipes
2011
2012-Q1
Others 14
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
TURKEY’S HUGE CONSUMPTION OF SCRAP RELIES HEAVILY ON IMPORTS 35.0 30.0
10.3 9.3
25.0 6.1
5.5
20.0
5.5
5.1 15.0
1.9
4.4
5.9
4.4
3.5 10.0 13.0 5.0
12.9
13.2
15.1
17.1
17.4
19.2
21.5
23.1
15.7
9.9
0.0
2002
2003
2004
2005
2006
2007
Imported
2008
2009
2010
2011 2012*
Local
*Estimated, SOURCE: TURKISH IRON AND STEEL FEDERATION 15
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
IN 2011, KOREAN STEEL EXPORTS INCREASED BY +17%, IMPORTS DECREASED BY -8 % STEEL PRODUCTS EXPORT/IMPORT TRENDS
◆ EXPORTS: 29.1 MILLION TONS(UP 16.9% Y-ON-Y)
Exports
◆ IMPORTS: 23.1 MILLION TONS (DOWN 7.8% Y-ON-Y) - NET EXPORTS: 5.9 MILLION TONS
Imports
(million ton) 30
(Finished Steel Basis)
25
◆ IMPORT SUBSTITUTION EFFECT WAS INSUFFICIENT. 20 - IMPORT OF STEEL PLATES TOTALED 4.7 MILLION TONS OR A 14.5% INCREASE, DESPITE FULLFLEDGED OPERATION OF NEWLY EXPANDED FACILITIES FOR STEEL PLATES.
15 10 5
0 '01
'03
'04
'05
'06
'07
'08
'09
'10
'11
KOREA-JAPAN STEEL EXPORTS/IMPORTS TRENDS
KOREA-CHINASTEEL EXPORT/IMPORT TRENDS
12 000 (Thousand ton)
15 000(Thousand ton)
import
'02
import
export
12 000
export
9 000
9 000
6 000 6 000
3 000
3 000
0
02
03
04
05
06
07
08
09
10
11
0
02
03
04
05
06
07
08
09
10
11
7 SOURCE: KOREA IRON & STEEL iNDUSTRY
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
ASEAN, CHINA AND JAPAN ACCOUNT FOR 57 % OF KOREAN FLAT STEEL EXPORTS
◆ INCREASED EXPORTS TO ASEAN, JAPAN, CHINA AND U.S. - ASEAN(7.3 MILLION TONS, 31% ↑), JAPAN(3.7 MILLION TON, 32%↑), CHINA(4.7 MILLION TONS, 3.7% ↑)
◆ FLAT PRODUCTS LIKE PLATE, HR LED GROWTH OF EXPORTS KOREA:EXPORTS BY COUNTRY(2011)
thousand tonne)
Japan 12.6 China 16.1
KOREA: EXPORTS BY PRODUCT 2500
ASEAN 25.2
Others 9.3
2000
1500
Flat
1000 S. America 6.6
Long
500 India 5.8
EU 5.1 U.S.A 10.1
Middle East 9.3
Pipe and Tube
0 07.1
7
08.1
7
'09.1
7
'10.1
7
11.1
7
8 SOURCE: KOREA IRON & STEEL INDUSTRY
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
CHINA REPRESENTS 44 % OF KOREAN STEEL IMPORTS, JAPAN’S SHARE IS 39 % ◆ IMPORTS FROM CHINA INCREASED BY 17.3%, WHILE IMPORTS FROM JAPAN DECREASED BY 19% - IMPORT SHARE : CHINA 44%, JAPAN 39%
◆ IMPORTS OF PLATES, CR AND GI WERE ON THE RISE, WHILE IMPORTS OF HR, REBAR AND SEMI-FINISHED PRODUCTS DECLINED. - PLATES (4.68 MILLION TONS, UP 15%), CR(0.73 MILLION TONS, UP 35%), GI(1.31 MILLION TONS, UP 85%);
-
HR(5.31 MILLION TONS, DOWN 26%), REBAR(0.4 MILLION TONS, DOWN 35%)
-
SEMI-FINISHED PRODUCTS (4.19 MILLION TONS, DOWN 32%)
KOREA: IMPORTS FROM CHINA & JAPAN
KOREA: IMPORT TREND (thousand tonne)
(thousand tonne) 35 000
World
China
Japan
23,121
10,193
8,974
30 000
YonY
-7.8
17.3
-18.8
25 000
weight
100.0
44.1
38.8
20 000
2010
25,090
8,692
11,058
15 000
2009
20,578
5,967
9,884
10 000
2008
28,942
14,307
9,386
5 000
2007
26,516
13,165
9,547
0
2011
02 SOURCE :KOREA IRON % STEEL ASSOCIATION
world China Japan
03
04
05
06
07
08
09
10
11
9
STSG – STEEL TRADE STUDY GROUP QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR 9
II. LATEST TRENDS IN INTERNATIONAL STEEL TRADE POLICY STSG - TRACKING TRENDS IN STEEL EXPORT & IMPORT FLOWS
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
TRADE IN RAW MATERIALS: A NETWORK OF HIGH INTERDEPENDENCIES CHINA
CHINA IS THE WORLD LARGEST PRODUCER OF IRON ORE AND A SIGNIFICANT EXPORTER OF COKE, BUT STILL IS DEPENDING ON IMPORTS OF IRON ORE FROM AUSTRALIA, BRAZIL AND INDIA, OF COAKING COAL FROM AUSTRALIA AND FERROUS SCRAP FROM THE U.S.A.
BRAZIL INDIA
BRAZIL AND INDIA ARE LARGE EXPORTERS OF IRON ORE, BUT LACK SUFFICIENT DOMESTIC COKING COAL RESERVES.
EU-27 JAPAN
EU-27 AND JAPAN ARE GLOBAL SCRAP EXPORTERS, BUT RELY ON IMPORTS OF IRON ORE AND COKING COAL FROM AUSTRALIA, BRAZIL AND U.S.A.
USA CANADA
CANADA AND THE USA ARE IN SAME TIME IMPORTERS AND EXPORTERS OF SIGNIFICANT VOLUMES OF IRON ORE
SOURCE: OECD
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
COKING COAL INTERDEPENDENCIES: 50 % OF WORLD RESERVES ARE IN USA AND ROW
COKING COAL PRODUCTION AND RESERVES*, 2010 MILLION METRIC TONNES Rank
Economy
Production
Rank
Economy
Reserves
1
China
454.8
1
United States
108,501
2
Australia
152.1
2
China
62,200
3
Russia
71.1
3
Russia
49,088
4
United States
68.6
4
India
56,100
5
India
35.4
5
Australia
37,100
Rest of the world
109.1
Rest of the world
91.773
Total world
891.1
Total world
404,762
* PROVED RESERVES OF ANTHRACITE AND BITUMINOUS COAL. COKING COALS ARE PREMIUM-GRADE BITUMINOUS COALS SOURCES: IEA (2011) AND BP STATISTICAL REVIEW OF WORLD ENERGY.
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
GLOBAL STEEL DEPENDS HEAVILY ON IRON ORE IMPORTS FROM AUSTRALIA AND BRAZIL IRON ORE EXPORTS AND IMPORTS, 2010 MILLION METRIC TONNES Rank
Economy
Exports
Rank
Economy
Imports
1
Australia
402.9
1
China
618.6
2
Brazil
310.9
2
Europe
134.4
3
India
95.9
3
Japan
134.3
4
South Africa
48.0
4
Korea
56.3
5
Ukraine
32.6
5
Rest of world
World total
Chinese Taipei
18.9
180.3
Rest of world
90.4
1070.7
World total
1052.9
Source: UNCTAD.
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
MAJOR WORLD FERROUS SCRAP COLLECTORS ARE NOT MAJOR WORLD FE SCRAP USERS
FERROUS SCRAP EXPORTS AND IMPORTS INCLUDING INTRA-EU TRADE, 2010 MILLION METRIC TONNES Rank
Economy
Exports
Rank
Economy
1
United States
20.6
1
Turkey
19.2
2
Germany
9.2
2
Korea
8.1
3
United Kingdom
7.5
3
China
5.9
4
Japan
6.5
4
Spain
5.7
5
Russia
2.4
5
Germany
5.6
Rest of the world
55.9
Rest of the world
73.2
World total
102.1
World total
117.7
SOURCE: WORLD STEEL ASSOCIATION
Imports
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
GLOBAL RAW MATERIAL INTERDEPENDENCY IS PERMANENTLY THREATENED BY EXPORT RESTRICTIONS ADDING EVEN MORE VOLATILITY TO RAW MATERIALS MARKETS RECENT DEVELOPMENTS IRON ORE
IN DECEMBER 2011, INDIA HAS RAISED TAX ON EXPORTS OF LUMPS AND FINES TO 30 %
COKE
FOR THE FIRST HALF YEAR 2012, CHINA LOWERED ITS EXPORT QUOTA ON COKE TO 4,240 MT AGAINST 4,600 MT AGREED FOR THE FIRST HALF OF THE PREVIOUS YEAR 2011
SCRAP
EXPORT ARRANGEMENTS ARE UNDER DISCUSSION, WHICH MAY LEAD IN FACT TO LOWER SCRAP EXPORTS FROM RUSSIAN BALTIC PORTS AND FROM RUSSIAN FAR EAST PORTS
SOURCE: OECD
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
STEEL TRADE: WILL NEW AD / CVD INVESTIGATIONS BE NOW LESS THAN IN FORMER YEARS?
SOURCE: OECD
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
HOWEVER, NEW TYPES OF TRADE MEASURES HAVE EMERGED HAVING A RESTRICTIVE IMPACT ON STEEL TRADE ARGENTINA
INTRODUCTION OF NON-AUTOMATIC IMPORT LICENSING REQUIREMENTS, COVERING STEEL AND METALLURGICAL PRODUCTS, AMONG OTHERS.
ARGENTINA
AN AFFIDAVIT IS REQUIRED FROM ALL IMPORTERS. PRIOR TO PLACING ANY ORDER OR ANY OTHER OPERATION REGARDING PURCHASE OF GOODS FROM OVERSEAS, THE IMPORTER W ILL HAVE TO FILE A DECLARATION TO THE SECRETARIAT OF FOREIGN TRADE MINISTRY. THIS W ILL BE EXAMINED FOR APPROVAL OR REJECTION.
INDIA
THE INDIAN GOVERNMENT HAS SET 12 SEPTEMBER 2012 AS THE NEW DATE FOR ENFORCING A REGULATION REQUIRING BOTH DOMESTIC AND FOREIGN SUPPLIERS OF CERTAIN STEEL PRODUCTS TO HAVE THEIR MATERIAL CERTIFIED BY NEW DELHI’S BUREAU OF INDIAN STANDARDS (BIS),
INDONESIA
INTRODUCTION OF MANDATORY STANDARDS FOR STEEL PRODUCTS, TO PROTECT CONSUMER SAFETY, INCREASE PRODUCT QUALITY, AND ESTABLISH A FAIR TRADE COMPETITION
SOURCE: OECD
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
NEW TYPES OF TRADE MEASURES HAVE EMERGED HAVING A RESTRICITVE IMPACT ON STEEL TRADE INDONESIA
REQUIRED USE OF BAHASA INDONESIA ON THE LABELS OF MANY COMMON GOODS INCLUDING STEEL CONSTRUCTION MATERIALS (GALVANIZED SHEETS AND REBARS).
INDONESIA
COLD ROLLED COIL PRODUCED DOMESTICALLY AS W ELL AS IMPORTED WILL HAVE TO MEET INDONESIAN NATIONAL STANDARD (SNI) SET BY THE NATIONAL STANDARDISATION AGENCY OF INDONESIA.
MALAYSIA
MANDATORY STANDARDS ON IMPORTS OF IRON AND STEEL PRODUCTS.
MALAYSIA
THE EXPORT LICENCE REQUIREMENT FOR ALL F LAT PRODUCTS ELIMINATED AND IMPORT LICENCES FREELY GRANTED ALONG WITH STEEL MANUFACTURING LICENCES.
PHILIPPINES PREVIOUSLY PLANNED MANDATORY STANDARDS ON IMPORTED COLD-ROLLED COIL REMOVED. THAILAND
SOURCE: OECD
INTRODUCTION OF NEW REQUIREMENTS FOR APPROVAL UNDER DOMESTIC PRODUCT QUALITY STANDARDS
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
BESIDES, TYPICAL TARIFF MEASURES STAY PREVAILING
•
IN 2011, VIETNAM INCREASED THE DUTY ON IMPORTS OF BORON-ADDED STEEL
•
IN MARCH 2012 INDIA ANNOUNCED THAT IT WOULD RAISE THE TARIFF ON IMPORTS OF COATED AND UNCOATED NON-ALLOY FLAT STEEL PRODUCTS FROM 5% TO 7.5%,
SOURCE: OECD
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
AS A CONSEQUENCE...
• TRADITIONAL USE OF TRADE REMEDIES DOES NOT SEEM TO BE EXAGERATELY HIGH. • HOWEVER, NEW RESTRICTIVE MEASURES ARE BEING ADOPTED, FOR EXAMPLE IN SOUTHEAST ASIA (E.G. INDONESIA, VIETNAM). • RAW MATERIAL INTERDEPENDENCIES IN GLOBAL STEEL MAY BE THREATENED BY HIDDEN NATIONAL PROTECTIONISM
SOURCE: OECD
STSG QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE REPORT NR. 9 – JUNE 2012
STSG - TRACKING TRENDS IN STEEL EXPORT & IMPORT FLOWS
STSG – STEEL TRADE STUDY GROUP QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR 9
I. TRENDS IN INTERNATIONAL STEEL TRADE STSG - TRACKING TRENDS IN STEEL EXPORT & IMPORT FLOWS
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
INTERNATIONAL STEEL TRADE RECOVERED FROM A SHARP DIP IN 2009. BUT 2012 MIGHT SHOW AGAIN A STAGNATION IN INTERNATIONAL STEEL TRADE
SOURCE: OECD
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
IN 2011, CHINA WAS THE MAIN STEEL EXPORTER AND EU-27 WAS THE MAIN STEEL IMPORTER
SOURCE: OECD
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9 – JUNE 2012
EU-27: IN 2012 STEEL IMPORTS INTO EU APPEAR TO STAGNATE AFTER A +25% IN 2011 EU FINISHED STEEL IMPORTS
•
EU FINISHED STEEL IMPORTS INCREASED BY +25% IN 2011, SUBDUED DEMAND AND WEAK € EXPECTED TO KEEP OVERALL FINISHED STEEL IMPORTS AT BAY • MAJOR SURGE IN 1H’11 DISTORTING SPECIFIC PRODUCT SEGMENTS SUCH AS ORGANIC COATED, PLATE AND TIN MILL
•
HOT-ROLLED COIL FROM RUSSIA
6
SOURCE: EUROFER
FINISHED IMPORTS FROM CHINA, RUSSIA AND UKRAINE ALMOST 60% OF TOTAL EU IMPORTS • CHINA AROUND 60% SHARE OF EU COATED SHEET IMPORTS
HOT-ROLLED COIL FROM CHINA
ORGANIC COATED SHEET FROM CHINA
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9 – JUNE 2012
SINCE LATE 2011, EU TURNED BACK TO BE A NET EXPORTER FOR FLAT STEEL PRODUCTS •
TRIGGERED BY EU DOMESTIC DEMAND GROWTH, FLAT STEEL IMPORT SURGES RECORDED IN 2007 AND 2011 DISRUPTING MARKET SUPPLY-DEMAND BALANCE
•
PERSISTING WEAKNESS OF EU CONSTRUCTION MARKET REFLECTED IN LOW LONG PRODUCTS IMPORTS, STRONGER EXPORTS DAMPENING THE NEGATIVE IMPACT OF A REDUCED EU DOMESTIC MARKET FOR EUROPEAN LONG PRODUCT PRODUCERS EU IMPORTS – EXPORTS FLAT PRODUCTS
SOURCE: EUROFER 7
EU IMPORTS – EXPORTS LONG PRODUCTS
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9 – JUNE 2012
EU STEEL IMPORT LICENCES ARE EARLY MARKET CYCLE INDICATORS 2012 LICENCE APPLICATIONS FOR FLAT STEELS REMAIN SUBDUED. IMPORT LICENCES 2007-2012 FLAT STEEL PRODUCTS ‘000 TONS PER MONTH
1923
IMPORT LINCENCES FLAT STEEL PRODUCTS 2012 – MONTH BY MONTH IN ‘000 TONS
1611 1380 1252
1098
2008
2009
1044
1031
880
866
2007
1127
1069
2010
2011
2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
0CT
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9 – JUNE 2012
EU STEEL IMPORT LICENCES ARE EARLY MARKET CYCLE INDICATORS EARLY 2012, LICENCE APPLICATIONS FOR LONG STEEL PRODUCTS ARE SLIGHTLY HIGHER THAN AVERAGE 2011 IMPORT LICENCES 2007-2012 LONG STEEL PRODUCTS ‘000 TONS PER MONTH
IMPORT LINCENCES LONG STEEL PRODUCTS 2012 – MONTH BY MONTH IN ‘000 TONS
856 588 286
2007
2008
2009
337
347
379
2012
JAN
477 291
281
FEB
MAR
259
2010
2011
304
APR
MAY
JUN
JUL
AUG
SEP
0CT
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9 – JUNE 2012
10
JAPANESE STEEL EXPORTS CONTINUE TO DECREASE JAPANESE STEEL EXPORTS HAVE DECREASED Y-O-Y FOR FOUR CONSECUTIVE QUARTERS LOSING SIGNIFICANT MARKET POSITIONS IN MAIN ASIAN MARKETS.
JAPAN: STEEL EXPORTS BY DESTINATION '000 tons 12,000 10,000
SOURCE: MINISTRY OF FINANCE OF JAPAN
Q1-12
Q4
Q3
Q2
Q1-11
Q4
Q3
Q2
Q1-10
Q4
0
Q3
2,000
China Korea
Q2
Thailand
Q1-09
4,000
Q4
USA Chinese Taipei
Q3
6,000
Q2
Others Vietnam
Q1-08
8,000
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9 – JUNE 2012
11
JAPANESE STEEL IMPORTS CONTINUE TO INCREASE. JAPANESE STEEL IMPORTS ARE REGAINING PRE-CRISIS LEVEL.
'000 tons
JAPAN: STEEL IMPORTS BY COUNTRY OF ORIGIN
2,500
2,000 1,500
Others Chinese Taipei
1,000
China Korea
500
SOURCE: MINISTRY OF FINANCE OF JAPAN
Q1-12
Q4
Q3
Q2
Q1-11
Q4
Q3
Q2
Q1-10
Q4
Q3
Q2
Q1-09
Q4
Q3
Q2
Q1-08
0
QUARTERLY ON STEEL INTERNATIONAL STEEL ARE TRADEON NR.9-JUNE 2012 IN 2012,REPORT NAFTA IMPORTS THE RISE
Metric Tons (millions)
NAFTA FINISHED IMPORTS
-
AGAIN
IMPORT MARKET SHARE 35.0% 30.0%
8 7 6 5 4 3 2 1
25.0% 20.0% 15.0% 10.0%
.
.
.
.
.
2008
.
.
.
.
.
2009
.
.
.
.
2010
.
.
.
5.0% 0.0%
2011
2012
…WHEREAS NAFTA EXPORT S ARE TRENDING DOWN NAFTA EXPORTS
% OF SHIPMENTS 35.0%
2.5
30.0%
Metric Tons (million)
3.0
25.0%
2.0
20.0%
1.5
15.0%
1.0 0.5
5%
7%
6%
7%
6%
8%
7%
6%
5%
6%
5%
6%
5%
6%
5%
6%
4%
0.0
10.0% 5.0% 0.0%
.
.
.
.
.
.
.
2008 2009 SOURCE: AISI, STATISTICS CANADA,CANACERO
.
.
.
. 2010
3
.
.
.
. 2011
.
. 2012
NAFTA IMPORT MARKET SHARE, AT18% IN 1Q12, IS UP BY 3 POINTS COMPARED TO 1 QUARTER 11
AT THIS RATE, IMPORTS . WOULD ANNUALIZE AT 23 MILLION MT VS. 18 MILLION IN ’11.
NAFTA EXPORTS TO OTHER REGIONS DROPPED SHARPLY IN THE 1Q12 TO 1.1 MILLION MT FROM 1.5 MILLION MT IN 1.Q 2011
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012 EU WORRIES ON UNCERTAINTIES RELATED TO RUSSIA JOINING WTO • •
QUOTAS TO THE EU WILL BE ABANDONED FOLLOWING THE RUSSIAN ACCESSION TO WTO EUROPEAN STEEL INDUSTRY VOICES RAISE CONCERN ABOUT HIGHER IMPORT OF RUSSSIAN FINISHED STEEL
RUSSIAN SHARE IN EU IRON AND STEEL IMPORTS 2001-2011, MMT RUSSIA’S STEEL EXPORT BY MAIN REGIONS, MMT. 160
16,0
other
140 120
Russia
100
Russia under agreement
14,0 12,0 10,0
80
8,0
60
6,0
40
4,0
20
2,0
0 LONGS
PRIMARY IRON SEMI-FINISHED PIPES AND TUBES MATE RIALS
ЕU QUOTA FILL RATE BY RUSSIAN COMPANIES, %
ASIA
EU(27)
OECD
NORTH AMERICA
OTHER
C.I.S.
EU EXPORT TO RUSSIA, BLN. EUR
3,5 3,0 2,5
5
4
90,6 76,2 59,1
40
63
60
Steel
76,8
60
MIDDLE EAST
3
2,0 1,5 1,0
2
QUOTA USE
MACHINERY& MECH. APPLIANCES VEHICLE SOTHER THAN RAILWAY ARTICLES OF IRON OR STEEL
2011
2010
2009
2008
2011
2007
2010
2006
2009
2005
2008
2004
2007
2003
0 2006
2002
0
2001
1
20
2000
100 80
2012 E
0,0
Machinrey
FLATS
2010 2011
0,5 0,0
ELECTRICAL MACHINERY & EQUIPMENT IRON & STEEL
SOURCE: EUROSTAT, IMF, BLOOMBERG,STATISTICS SOUTH AFRICA, NLMK RESEARCH, RUSSIAN FEDERATION CUSTOMS SERVICES
-16-
QUARTERLY REPORT ON INTERNATIONALNET STEELSTEEL TRADE NR.9-JUNE 2012 TURKEY IS A TRADITIONAL EXPORTER
20.0 20.0
18.7
Export
17.6
18.0
16.7
Import
15.4
16.0 14.0
18.5
13.9
13.3
13.6
12.3
12.0
10.5
10.1
11.0
10.7
10.0 8.0 6.0
5.0
4.5
4.0
2.8
2.7
2011-Q1
2012-Q1
2.0 0.0 2005
2006
2007
2008
2009
2010
2011
11 SOURCE: TURKISH IRON & STEEL FEDERATION
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
LONGS REPRESENT THE BIG LOT OF TURKISH STEEL EXPORTS 100% 90% 80% 70% 60% 50%
7.7
9.6
12.9
10.9
9.2
11.8
10.5 2.2
40% 30% 20%
1.5 1.2 1.4
10%
2.2
1.4
1.2
2.3
1.7
1.6
1.7
2.5
2.4
2006
2007
2008
2009
0.3
3.7
2.5
0.5
0%
2005
Semis
Flat Steel
SOURCE: TURKISH IRON & STEEL FEDERATION
LongSteel
2010
Pipes
2011
2012-Q1
Others 13
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
THE BULK OF TURKISH IMPORTS ARE FLAT STEELS 100% 90%
0.9
0.9
1.1
1.2
0.8
1.2
1.4
80%
0.3
70% 60% 50%
6.8
8.0
8.0
8.6
5.6 6.8
6.4
1.5
40% 30% 20% 10%
1.9
2.8
3.4
3.8
2006
2007
2008
3.6 2.4
2.2
0.7
0%
2005
Semis SOURCE: TURKISH IRON & STEEL FEDERATION
Flat Steel
2009
LongSteel
2010
Pipes
2011
2012-Q1
Others 14
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
TURKEY’S HUGE CONSUMPTION OF SCRAP RELIES HEAVILY ON IMPORTS 35.0 30.0
10.3 9.3
25.0 6.1
5.5
20.0
5.5
5.1 15.0
1.9
4.4
5.9
4.4
3.5 10.0 13.0 5.0
12.9
13.2
15.1
17.1
17.4
19.2
21.5
23.1
15.7
9.9
0.0
2002
2003
2004
2005
2006
2007
Imported
2008
2009
2010
2011 2012*
Local
*Estimated, SOURCE: TURKISH IRON AND STEEL FEDERATION 15
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
IN 2011, KOREAN STEEL EXPORTS INCREASED BY +17%, IMPORTS DECREASED BY -8 % STEEL PRODUCTS EXPORT/IMPORT TRENDS
◆ EXPORTS: 29.1 MILLION TONS(UP 16.9% Y-ON-Y)
Exports
◆ IMPORTS: 23.1 MILLION TONS (DOWN 7.8% Y-ON-Y) - NET EXPORTS: 5.9 MILLION TONS
Imports
(million ton) 30
(Finished Steel Basis)
25
◆ IMPORT SUBSTITUTION EFFECT WAS INSUFFICIENT. 20 - IMPORT OF STEEL PLATES TOTALED 4.7 MILLION TONS OR A 14.5% INCREASE, DESPITE FULLFLEDGED OPERATION OF NEWLY EXPANDED FACILITIES FOR STEEL PLATES.
15 10 5
0 '01
'03
'04
'05
'06
'07
'08
'09
'10
'11
KOREA-JAPAN STEEL EXPORTS/IMPORTS TRENDS
KOREA-CHINASTEEL EXPORT/IMPORT TRENDS
12 000 (Thousand ton)
15 000(Thousand ton)
import
'02
import
export
12 000
export
9 000
9 000
6 000 6 000
3 000
3 000
0
02
03
04
05
06
07
08
09
10
11
0
02
03
04
05
06
07
08
09
10
11
7 SOURCE: KOREA IRON & STEEL iNDUSTRY
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
ASEAN, CHINA AND JAPAN ACCOUNT FOR 57 % OF KOREAN FLAT STEEL EXPORTS
◆ INCREASED EXPORTS TO ASEAN, JAPAN, CHINA AND U.S. - ASEAN(7.3 MILLION TONS, 31% ↑), JAPAN(3.7 MILLION TON, 32%↑), CHINA(4.7 MILLION TONS, 3.7% ↑)
◆ FLAT PRODUCTS LIKE PLATE, HR LED GROWTH OF EXPORTS KOREA:EXPORTS BY COUNTRY(2011)
thousand tonne)
Japan 12.6 China 16.1
KOREA: EXPORTS BY PRODUCT 2500
ASEAN 25.2
Others 9.3
2000
1500
Flat
1000 S. America 6.6
Long
500 India 5.8
EU 5.1 U.S.A 10.1
Middle East 9.3
Pipe and Tube
0 07.1
7
08.1
7
'09.1
7
'10.1
7
11.1
7
8 SOURCE: KOREA IRON & STEEL INDUSTRY
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
CHINA REPRESENTS 44 % OF KOREAN STEEL IMPORTS, JAPAN’S SHARE IS 39 % ◆ IMPORTS FROM CHINA INCREASED BY 17.3%, WHILE IMPORTS FROM JAPAN DECREASED BY 19% - IMPORT SHARE : CHINA 44%, JAPAN 39%
◆ IMPORTS OF PLATES, CR AND GI WERE ON THE RISE, WHILE IMPORTS OF HR, REBAR AND SEMI-FINISHED PRODUCTS DECLINED. - PLATES (4.68 MILLION TONS, UP 15%), CR(0.73 MILLION TONS, UP 35%), GI(1.31 MILLION TONS, UP 85%);
-
HR(5.31 MILLION TONS, DOWN 26%), REBAR(0.4 MILLION TONS, DOWN 35%)
-
SEMI-FINISHED PRODUCTS (4.19 MILLION TONS, DOWN 32%)
KOREA: IMPORTS FROM CHINA & JAPAN
KOREA: IMPORT TREND (thousand tonne)
(thousand tonne) 35 000
World
China
Japan
23,121
10,193
8,974
30 000
YonY
-7.8
17.3
-18.8
25 000
weight
100.0
44.1
38.8
20 000
2010
25,090
8,692
11,058
15 000
2009
20,578
5,967
9,884
10 000
2008
28,942
14,307
9,386
5 000
2007
26,516
13,165
9,547
0
2011
02 SOURCE :KOREA IRON % STEEL ASSOCIATION
world China Japan
03
04
05
06
07
08
09
10
11
9
STSG – STEEL TRADE STUDY GROUP QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR 9
II. LATEST TRENDS IN INTERNATIONAL STEEL TRADE POLICY STSG - TRACKING TRENDS IN STEEL EXPORT & IMPORT FLOWS
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
TRADE IN RAW MATERIALS: A NETWORK OF HIGH INTERDEPENDENCIES CHINA
CHINA IS THE WORLD LARGEST PRODUCER OF IRON ORE AND A SIGNIFICANT EXPORTER OF COKE, BUT STILL IS DEPENDING ON IMPORTS OF IRON ORE FROM AUSTRALIA, BRAZIL AND INDIA, OF COAKING COAL FROM AUSTRALIA AND FERROUS SCRAP FROM THE U.S.A.
BRAZIL INDIA
BRAZIL AND INDIA ARE LARGE EXPORTERS OF IRON ORE, BUT LACK SUFFICIENT DOMESTIC COKING COAL RESERVES.
EU-27 JAPAN
EU-27 AND JAPAN ARE GLOBAL SCRAP EXPORTERS, BUT RELY ON IMPORTS OF IRON ORE AND COKING COAL FROM AUSTRALIA, BRAZIL AND U.S.A.
USA CANADA
CANADA AND THE USA ARE IN SAME TIME IMPORTERS AND EXPORTERS OF SIGNIFICANT VOLUMES OF IRON ORE
SOURCE: OECD
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
COKING COAL INTERDEPENDENCIES: 50 % OF WORLD RESERVES ARE IN USA AND ROW
COKING COAL PRODUCTION AND RESERVES*, 2010 MILLION METRIC TONNES Rank
Economy
Production
Rank
Economy
Reserves
1
China
454.8
1
United States
108,501
2
Australia
152.1
2
China
62,200
3
Russia
71.1
3
Russia
49,088
4
United States
68.6
4
India
56,100
5
India
35.4
5
Australia
37,100
Rest of the world
109.1
Rest of the world
91.773
Total world
891.1
Total world
404,762
* PROVED RESERVES OF ANTHRACITE AND BITUMINOUS COAL. COKING COALS ARE PREMIUM-GRADE BITUMINOUS COALS SOURCES: IEA (2011) AND BP STATISTICAL REVIEW OF WORLD ENERGY.
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
GLOBAL STEEL DEPENDS HEAVILY ON IRON ORE IMPORTS FROM AUSTRALIA AND BRAZIL IRON ORE EXPORTS AND IMPORTS, 2010 MILLION METRIC TONNES Rank
Economy
Exports
Rank
Economy
Imports
1
Australia
402.9
1
China
618.6
2
Brazil
310.9
2
Europe
134.4
3
India
95.9
3
Japan
134.3
4
South Africa
48.0
4
Korea
56.3
5
Ukraine
32.6
5
Rest of world
World total
Chinese Taipei
18.9
180.3
Rest of world
90.4
1070.7
World total
1052.9
Source: UNCTAD.
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
MAJOR WORLD FERROUS SCRAP COLLECTORS ARE NOT MAJOR WORLD FE SCRAP USERS
FERROUS SCRAP EXPORTS AND IMPORTS INCLUDING INTRA-EU TRADE, 2010 MILLION METRIC TONNES Rank
Economy
Exports
Rank
Economy
1
United States
20.6
1
Turkey
19.2
2
Germany
9.2
2
Korea
8.1
3
United Kingdom
7.5
3
China
5.9
4
Japan
6.5
4
Spain
5.7
5
Russia
2.4
5
Germany
5.6
Rest of the world
55.9
Rest of the world
73.2
World total
102.1
World total
117.7
SOURCE: WORLD STEEL ASSOCIATION
Imports
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
GLOBAL RAW MATERIAL INTERDEPENDENCY IS PERMANENTLY THREATENED BY EXPORT RESTRICTIONS ADDING EVEN MORE VOLATILITY TO RAW MATERIALS MARKETS RECENT DEVELOPMENTS IRON ORE
IN DECEMBER 2011, INDIA HAS RAISED TAX ON EXPORTS OF LUMPS AND FINES TO 30 %
COKE
FOR THE FIRST HALF YEAR 2012, CHINA LOWERED ITS EXPORT QUOTA ON COKE TO 4,240 MT AGAINST 4,600 MT AGREED FOR THE FIRST HALF OF THE PREVIOUS YEAR 2011
SCRAP
EXPORT ARRANGEMENTS ARE UNDER DISCUSSION, WHICH MAY LEAD IN FACT TO LOWER SCRAP EXPORTS FROM RUSSIAN BALTIC PORTS AND FROM RUSSIAN FAR EAST PORTS
SOURCE: OECD
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
STEEL TRADE: WILL NEW AD / CVD INVESTIGATIONS BE NOW LESS THAN IN FORMER YEARS?
SOURCE: OECD
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
HOWEVER, NEW TYPES OF TRADE MEASURES HAVE EMERGED HAVING A RESTRICTIVE IMPACT ON STEEL TRADE ARGENTINA
INTRODUCTION OF NON-AUTOMATIC IMPORT LICENSING REQUIREMENTS, COVERING STEEL AND METALLURGICAL PRODUCTS, AMONG OTHERS.
ARGENTINA
AN AFFIDAVIT IS REQUIRED FROM ALL IMPORTERS. PRIOR TO PLACING ANY ORDER OR ANY OTHER OPERATION REGARDING PURCHASE OF GOODS FROM OVERSEAS, THE IMPORTER W ILL HAVE TO FILE A DECLARATION TO THE SECRETARIAT OF FOREIGN TRADE MINISTRY. THIS W ILL BE EXAMINED FOR APPROVAL OR REJECTION.
INDIA
THE INDIAN GOVERNMENT HAS SET 12 SEPTEMBER 2012 AS THE NEW DATE FOR ENFORCING A REGULATION REQUIRING BOTH DOMESTIC AND FOREIGN SUPPLIERS OF CERTAIN STEEL PRODUCTS TO HAVE THEIR MATERIAL CERTIFIED BY NEW DELHI’S BUREAU OF INDIAN STANDARDS (BIS),
INDONESIA
INTRODUCTION OF MANDATORY STANDARDS FOR STEEL PRODUCTS, TO PROTECT CONSUMER SAFETY, INCREASE PRODUCT QUALITY, AND ESTABLISH A FAIR TRADE COMPETITION
SOURCE: OECD
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
NEW TYPES OF TRADE MEASURES HAVE EMERGED HAVING A RESTRICITVE IMPACT ON STEEL TRADE INDONESIA
REQUIRED USE OF BAHASA INDONESIA ON THE LABELS OF MANY COMMON GOODS INCLUDING STEEL CONSTRUCTION MATERIALS (GALVANIZED SHEETS AND REBARS).
INDONESIA
COLD ROLLED COIL PRODUCED DOMESTICALLY AS W ELL AS IMPORTED WILL HAVE TO MEET INDONESIAN NATIONAL STANDARD (SNI) SET BY THE NATIONAL STANDARDISATION AGENCY OF INDONESIA.
MALAYSIA
MANDATORY STANDARDS ON IMPORTS OF IRON AND STEEL PRODUCTS.
MALAYSIA
THE EXPORT LICENCE REQUIREMENT FOR ALL F LAT PRODUCTS ELIMINATED AND IMPORT LICENCES FREELY GRANTED ALONG WITH STEEL MANUFACTURING LICENCES.
PHILIPPINES PREVIOUSLY PLANNED MANDATORY STANDARDS ON IMPORTED COLD-ROLLED COIL REMOVED. THAILAND
SOURCE: OECD
INTRODUCTION OF NEW REQUIREMENTS FOR APPROVAL UNDER DOMESTIC PRODUCT QUALITY STANDARDS
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
BESIDES, TYPICAL TARIFF MEASURES STAY PREVAILING
•
IN 2011, VIETNAM INCREASED THE DUTY ON IMPORTS OF BORON-ADDED STEEL
•
IN MARCH 2012 INDIA ANNOUNCED THAT IT WOULD RAISE THE TARIFF ON IMPORTS OF COATED AND UNCOATED NON-ALLOY FLAT STEEL PRODUCTS FROM 5% TO 7.5%,
SOURCE: OECD
QUARTERLY REPORT ON INTERNATIONAL STEEL TRADE NR.9-JUNE 2012
AS A CONSEQUENCE...
• TRADITIONAL USE OF TRADE REMEDIES DOES NOT SEEM TO BE EXAGERATELY HIGH. • HOWEVER, NEW RESTRICTIVE MEASURES ARE BEING ADOPTED, FOR EXAMPLE IN SOUTHEAST ASIA (E.G. INDONESIA, VIETNAM). • RAW MATERIAL INTERDEPENDENCIES IN GLOBAL STEEL MAY BE THREATENED BY HIDDEN NATIONAL PROTECTIONISM
SOURCE: OECD
