The influence of earthquake to the international steel market firstly embodies in materials，what's worse,three big steel factories shutdown will directly affect the international coking coal and iron ore demand，The expected in the future 6 months, iron ore demand will reduce 350 tons, coke reducing 1.7million tons each month.
Currently, the spot iron ore market is in decline, and the earthquake makes it fall speedly, this situation has exceed market forecasts.For physical coking coal market, the influence of Australian floods was offset by Japanese earthquake, based on these reasons the steel prices will return to a reasonable level.
2010 Japan imported steel 426 tons (not including semi-finished products), this may take up 6.6% consumption,its import sources mainly from South Korea, China and Taiwan, China. The main imported products contains hot coil, cold roll and galvanized sheet. Compared with export, Japan import proportion is very low, its influence to peripheral market can be neglected.
The Japanese exported steel approximately 4340 tons in 2010,it may occupy 45 percent,it is the first big steel exporters in the world, it main exports to South Korea, China and elsewhere in Asia. Exports are mainly for hot coil, galvanized steel sheet, cold roll, plate, welded pipe, electrician steel and stainless steel,these steels are mainly used in automobiles, home appliances and shipbuilding industries.
And this earthquake affected mainly for the production of thin plate and thick plate,this predicted in the future half year the exporting of medium thickness plate in Japan will drop noticeably, Asia region this two strains of supply and demand balance will be broken, and the steel market prices will become higher. They Estimate two or three months later, Japan's post-disaster reconstruction will open,this will increase Asian building steel exports quantities.
Source:
Tags:
