The main steel varieties for export has declined

Tag : Steel Products
Hebei Workers' Newspaper reported that in H1 2008 the export ofsteel and other related products in Hebei province was valued atUSD 3.33 billion increase by 28% YoY, which falls by a big marginthan last year.

The main steel varieties for export totaled 3.04 million tonnes,declining 0.9% YoY, with the growth of value also dropping from111.5% to 51.3%.

After the government took measures of lowering export rebate forsteel products and of levying taxes since last April, effect hasbeen seen in correcting the volume and structure of steel productsfor export.

Hebei's value added steel sheet and plate was seen an increase inexport volume, while steel billet, crude forged piece, bar and rodproducts were cut down in export more or less.

According to statistics, the province exported only a total of15,000 tons of steel billet and crude forged pieces with a value ofUSD 7.66 million, both down 97% YoY; exports for bar products andwire rod fell by 26% and 5.8% respectively.