Table of Contents:
1 Steel Markets at Home and Abroad ....................................................................................................4
1.1 International Steel Market ...........................................................................................................4
1.1.2 Steel Demand of International Market ......................................................................................6
1.2 Overall Analysis of Chinese Steel Market..................................................................................10
1.3 Situation of Domestic Steel Market in 2007...............................................................................14
1.3.1 Situation of Domestic Steel Production ..........................................................................14
1.3.2 Rapid Growth of Coarse Steel Output Capacity in China ...............................................14
1.4 Analysis of Steel Import & Export ..............................................................................................18
2 Short-term Impact of Export Rebates Policy ...................................................................................22
3 Key Companies .................................................................................................................................25
3.1 Baoshan Iron & Steel Co., Ltd. ..................................................................................................25
3.2 Angang Steel Co., Ltd. ..............................................................................................................30
3.3 Shanxi Taigang Stainless Steel Co., Ltd. ...................................................................................34
Chart Index:
Chart 1: Tend of Prices of Hot-Rolled Steel Sheet in Key Countries & Regions in Jan.-Nov. 2007 ...5
Chart 2: Ex-factory Prices of Steel Plate in Central and West Parts of U.S.......................................5
In Jan. 2006.- Mar. 2007 ...................................................................................................................5
Cost Price of Steel Sheet in Central and Western America...............................................................6
Chart 3: Ex-factory Price of Long Steel Products in Europe..............................................................6
in Jan.2006-Mar.2007 .......................................................................................................................6
Table 1: Forecast of Global Apparent Steel Demand in 2006-2008...................................................8
(Unit: million tons) .............................................................................................................................8
Chart 4: Expansion of Global Crude Steel Production Capacity........................................................9
(China excluded) in 2006-2010 .........................................................................................................9
Chart 5: Expansion of Global HRC Production Capacity (China excluded).....................................10
in 2006-2010 ..................................................................................................................................10
Chart 6: Monthly Changes of China’s Apparent Steel Consumption ............................................... 11
Chart 7: Composite Price Index of Steel in China in Jan.-Aug. 2007 ..............................................12
Chart 10: Comparison of Steel Prices .............................................................................................14
Between First Half of 2006 and First Half of 2007...........................................................................14
Chart 13：Superposed Graph of Steel Export Volume and Steel Price Index from Jan.2006 to
Sep.2007 ................................................................................................................................21
Chart 16: Gross Profit Margin of Special Steel Sector.....................................................................29
Chart 17: Gross Profit Margin of Cold Rolled Steel & Stainless Steel Sheet ...................................29
of Baosteel and Taigang..................................................................................................................29
Table12: Average Prices of Major Products of Angang Steel ..........................................................32
Chart 18: Price Trend of Major Products of Angang Steel (unit: yuan/ton) ......................................32
Table 13: Output and Forecast of Major Products of Angang Steel.................................................33
Table 15: Gross Profit Margin of Stainless Products .......................................................................35
in Shanxi Taigang in 1H 2007..........................................................................................................35
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