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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (4025)	12/31/2004 3:36:02 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Is China creating excess steel? Industry worries prices will fall as the country's demand slows, steel making capacity rises: WSJ. December 30, 2004: 7:10 AM EST NEW YORK (Reuters) - China's voracious demand for steel has tempered of late, stoking fears of industry oversupply and falling prices as China becomes a net exporter of steel, its domestic demand slows down and global steel making capacity rises, a newspaper reported Thursday. Steel demand in the world's most populous country has increased only by about 5 percent a month recently, compared with average increases of 26 percent a month in 2002, 2003 and early this year, according to the Wall Street Journal. The paper also reported that steel production in China is expected to rise 22 percent in 2004 and another 14 percent in 2005. Last month the country posted net steel exports after being a net importer the year before. Heavy Steel Plate Experts since 1978 In stock carbon steel to 24" thick, alloy to 14" thick. In-house saw cutting,... www.oliversteel.com Specialty Steel Supplier and Forge Specialty supplier of metals and designer alloys. Extensive inventory, fair... www.steelforge.com U.S. Directory for Steel The Blue Book of Building and Construction is a great source of regional and... www.thebluebook.com Summit Steel - Wholesale Steel Suppliers Turn to Summit Steel, wholesale suppliers and distributors of high-quality,... www.summitsteel.com These shifts in the Chinese economy, and others in the future, might force the country to dump excess supply on the worldwide market, sending steel prices down as quickly as they have soared, the Journal said. Falling prices could benefit manufacturers, builders and consumers but hurt the U.S. steel making industry, according to the report. U.S. steel makers have only recently started to recover on the back of strong global demand, the weak dollar and the effects of high raw material costs. money.cnn.com