India ore suppliers told China steel industry: Iron and steel market in India Chinese large space
"Three years ago, a India wind power plant in the domestic procurement of steel, the other only 12 months after the delivery. Later in the Chinese looking for suppliers, they have 4 months supply. At that time India rumors China steel quality is not good, in fact, Chinese product is very good. Now the project running for three years, no problem at all steel. India early on Chinese product that has not existed."
India large ore supplier HLN Goa responsible person Harry Xu (Haresh Melwani) recently in the Platts energy Asian steel market forum site, with an example, describes China iron and steel market in India space to the reporter.
When Chinese a slowdown in economic growth, population as Chinese as much of India was China steel great hopes. Harry Xu said, "we should be optimistic, positive."
India lack of steel
Optimism comes from India and China Iron and steel industry gap. In 2013, Chinas steel output 8.2 tons, India iron and steel consumption of 1.1 tons. Beginning in 2011, Chinas steel overcapacity is serious, India iron and steel need to import.
Harish said that in 2013 the India iron and steel gap is 0.3-0.4 million tons, steel, silicon steel, rail steel are missing.
While a large Chinese steel mills who told the newspaper reporter, China special steel, electric steel overcapacity.
The market 20 years later, Chinas steel quality, prices are quite competitive in the world. Because of this, in this round of international economic recovery, Chinas steel influx of international market, this phenomenon is particularly evident. China Steel Association estimated that steel exports this year crude steel production accounted for about 10%, while in previous years this number but 2-3%.
Iron and steel enterprises are to shift production abroad. Chinese steel production is the largest in Hebei Province, has developed the collective sea strategy.
Not only is the iron and steel, India for infrastructure products electric power equipment, railway equipment import dependency is also great.
Overseas transfer obstacles remain
However, Chinas manufacturing industry overseas transfer will not be plain sailing. Yesterday, in Harry Xu told reporters India procurement to China special steel, electrical steel, a large Chinese steel mills sources said, China special steel is superfluous, but India is not good business to do, especially between China and India and trade barriers.
Recently, India iron and steel and the Ministry of finance to consider India imports stainless steel flat product tax from the current 7.5% rise to 10%.
As another example, the ban on ore exports after many Chinese enterprises are going to Indonesia ore purchase, construction of ferronickel smelting plant, deceived many, in the construction of supporting infrastructure is poor, the construction speed is very slow.
"Cooperation between China and India, there are barriers have obstacles, but not insurmountable, find business opportunities, to overcome the barriers, will have the opportunity to. I am not pessimistic." Harry Xu with business people say.