New China Effect: China's steel and raw materials industries and their global impact
This in-depth study is presented in two volumes:
Volume 1: Detailed analysis of Chinas steel industry from end users to mining, and its place in the world.
Volume 2: Analysis of Chinas impact on the rest of the world. This volume looks at possible scenarios for world steel trade and investment in the light of Chinas growing over-capacity, and the implications for producers and investors in steel and its raw materials industries both in China and the rest of the world.
Key areas this major study addresses include:
- Will Chinese steel over-capacity flood the world with low cost exports?
- Will Chinese steel companies begin an acquisitions trail overseas as their home industry completes its restructuring?
- A review of what actually happened to demand and production during 2008 and early 2009.
- What will be the global balance of steel capacity and demand, given Chinas likely policies on capacity and exporting?
- What will be the balance in iron ore? What is the implication for the big ore mining projects currently being developed, by the majors but especially by the junior miners?
- What will be the future profile of steel, scrap and ore prices?
- What is the impact on the shipping industry, and on shipbuilding?
The old China effect through the 1990s up to 2007/8 boosted world trade in goods, kept world wage rates low, drove down prices of manufactured goods, suppressed inflation, and pumped liquidity into the US and world financial system. In 2007/8 this began to reverse, and a new China effect emerged. Chinese wages and costs began increasing, soaring demand for raw materials and energy created a bubble in commodity prices and sparked world inflation.
In late 2008, however, as the world financial crisis deepened, Chinese growth began to falter and steel demand to fall ......
For more information please call +44 (0) 20 7779 8000 or email us. If you are in the Asia / Pacific region please call +61 3 5221 0715.
Other relevant Metal Bulletin Research reports include:
- Steel: Weekly Market Tracker
- Steel Raw Materials: Weekly Market Tracker
- The Quarterly Global Iron Ore Cost Service
- The Quarterly Global Steel Cost Service
- Steel and its Raw Materials: A Global Market Outlook to 2020
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