Henan BEBON international co.,ltd located in zhengzhou ,henan province of china. we has earned an outstanding reputation for its professional exporting shipbuilding steel. we can also make the customers enjoy our other pre-treatment services,like cutting,welding,drilling holes,galvanizing by the lowest cost price
The effect of Bin laden's death on Chinese steel market
"Tonight I can report to the American people and the world that the United States has conducted an operation that killed Osama bin Laden,” Obamasaid during brief remarks at the White House.
The victimized country is Pakistan where Osama bin Laden was killed, up to now, some terrorist attack happenedin allusion to Pakistan, at the same time, the unfavorable situation occurred in Middle East, many countries were under threat
Everyone know that Middle East was famous for its petroleum, when mention the petroleum, it will reminds us of one sentence: the price of steel is closely linked to the petroleum. with the rising of oil price for 5 years. It has drived the demand for steel in the Middle East, especially the pipe and the steel plate. Such as the downstream industry, new refineries, petrochemical facilities and other projects on the structural steel, special steel and stainless steel demand is also increasing. So the steel consumption per capita has been much more than China in the Middle East, compared with Europe, the growth rate of steel consumption is the highest in the world.
The statistics indicate that the export quantum of steel is about forty million tons in 2010, the steel exports is about 4.91 million tons in the Middle East, accounting for 12% of total exports, including to Egypt, Libya, Iran, Yemen, Algeria, Bahrain, Tunisia, steel exports totaled 1,382,400 tons, accounted for 28.2% of steel exports to the Middle East
The situation of Middle East has become grim because of the dead of Osama bin Laden, the stagnation of Manufacturing and infrastructure has effect on the market of steel, the price of steel plate declined and the demand of steel blocked after the unrest in the Middle East. Although the mainly market is Asia, the Middle East regard as the second market of China, it must have much effect on the steel market in China .
