Monday, August 26, 2013

Demand better than expected, expanding production is less than expected

At the meeting, China united steel nets general manager assistant/general manager ore Zhang Jiabin did titled "domestic ore ASME B16.5 Slip-on Flanges market trend analysis" keynote speech.

He pointed out that in 2012 global pig iron production 1.10427 billion tons, year-on-year increase of 15.11 million tons, 2013 China pig iron production 25 million tons, up 3.8% from a year earlier, other countries increase or decrease in balance, global 25 million tons of pig iron production continues to grow, the need to add more than 4000, ten thousand tons of ASME B16.9 45 Deg Long Radius butt weld Elbow iron ore is the main reason of the growth of the development of urbanization, according to the experience of developed countries, the level of the urbanization rate of 75% after will tend to be saturated, at present, China has entered a low speed, steady development.

He said, 2012 four mines combined an increase Electric Resistance welding carbon steel tube of 29.25 million tons, to meet new pig iron needed for 1511 iron ore all the year round. Including fortescue as one of the main engine of production in 2012, China imported iron ore 744 million tons, an increase of 57.47 million tons, year-on-year growth of 8.38%.

He pointed out that in 2013 is expected to global new 25 million tons of pig iron, amount to 40 million tons of ore demand, through the analysis, Australia, Brazil, South Africa, India's four main countries combined new output of 62 million tons, by the equilibrium of supply and demand to supply in transition.

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