Similarity between aluminum &steel

Author:Shanghai Yika Addtime:2016/7/8

There are many similarities between steel and aluminum when it comes to China's influence on the rest of the world.

China is the world's largest producer in both markets, accounting for 51.5 percent of global steel output and 54.4 percent of global primary aluminum output in April.

China has been exporting excess production of both steel and aluminum in the form of semi-manufactured products.

Steel product exports last year totaled 112.4 million tonnes, representing around 14 percent of the rest of the world's output.

Aluminum product exports of 4.2 million tonnes represented an even larger 17 percent of the rest of the world's output.

In both markets there has been a strong reaction from other producing countries, which allege unfair subsidies to loss-making Chinese operators.

The push-back in steel markets has already taken concrete shape in the form of a lengthening list of anti-dumping duties, most recently on U.S. imports of Chinese corrosion-resistant steel.

In aluminum the reaction is still building, particularly in the United States, where the International Trade Commission in April opened an investigation into the domestic production sector and global trade flows

 

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