NEWS

>> Are direct services becoming less attractive for shipping lines?. more.

>> What happens to the small ships post Panama Canal expansion?. more.

>> Maersk to acquire Hamburg-Sud and reinforce its presence on the Latin America routes. more.

>>£0.5 trillion of trade passes through UK ports. More.

>> The future of rail freight and private investment. More.

>> The Northern Freight and Logistics report. More. 

>> Oxford Cambridge Expressway Study. More.

>> The potential impact of Brexit on trade. More.

>> India - the impact of shipping lines’ consolidation and the cabotage rule change. More.

>> Iran – changes in maritime services post-sanctions. more.

>> 'India: The only way is up' say MDST in an article published by Lloyds List. More.

>> Hanjin’s collapse - A wake-up call to the industry? More.

>> Peak season 2016: could the seemingly more rational shipping lines restore stability to the market?. More.

>> Panama Canal Expansion: the major announcements so far have been made by the CKYHE Alliance and G6 Alliance: each have indicated the upsizing of some of their vessels on the services passing through the Panama Canal as shown in MDS Transmodal's analysis. More.

>> CMA-CGM’s acquisition of Neptune Orient Lines and Cosco’s merger with China Shipping Container Line (CSCL), prompted the need for a few changes in the current capacity-sharing agreements amongst the shipping lines. More.

>> MDST has been appointed by Transport for the North (TfN), in partnership with York Aviation and Regeneris Consulting, to carry out a review of international passenger connectivity in the North of England. More.

>> Chris Rowland, Managing Director of MDST, presented the draft conclusions from the Transport for the North (TfN) Freight & Logistics Strategy at the Freight in the City Conference in Manchester on 3 March 2016. More.

>> With 22 maritime services, Iran is expected to see an increase of around 250% in the capacity of container shipping passing through its ports in spring 2016, as shipping lines seek to benefit from the removal of sanctions. More.

>> MDST Chairman, Mike Garratt, wrote to the editor of RAIL magazine in March about the future of rail freight in Great Britain. More.

>> MDST has examined the evidence for Chinese ‘dumping’ of steel on the global and UK markets using its World Cargo Database, which allows it to monitor world trade by both volume and value and for detailed commodities. More.

>> East Asia export box trade sees growth of 1.7% in 2015, says MDST in an article published by Lloyds List. More.

>> The UK Department for Transport (DfT) has published road traffic forecasts which used MDST’s GB Freight Model (GBFM) to develop forecasts to 2040 for HGV traffic on the British road network. More.

>> Ports should be at the centre of distribution chains says MDST. More.

>> Based on its analysis of Eurostat port statistics and its own World Cargo Database, MDS Transmodal has concluded that ports handled 640 million tonnes in 2014, a market share of 40%. More.

Search Our Website

INTERNATIONAL TRADE

Chinese Steel Exports To The UK

Tata’s announcement of its intention to sell off its UK steel production facilities, ostensibly due to accusations of China dumping steel because of its excess production capacity, has made the headlines in the UK during the spring.  MDS Transmodal has examined the evidence for Chinese ‘dumping’ of steel on the global and UK markets using its World Cargo Database, which allows it to monitor world trade by both volume and value and for detailed commodities.   

China exported 106 million tonnes of steel in 2015, up from 39 million in 2010.  However, most of these exports have been to the rest of the Far East, with China’s biggest customers being South Korea and Vietnam, south Asian countries as a whole imported 46 million tonnes (or 43% of total steel exports) from China in 2015. 

 

The EU imported much lower volumes of around 8 million tonnes, of which some 0.8 million was into the UK.  However, imports of steel from China to the UK have increased by about 160% since 2010, with a jump in imports seen in 2014.

Most of the imports into the UK by volume are steel bars and rods, rather than higher value products such as rolled steel, and represent about half of all UK imports from China.

The price of these Chinese imports of steel bars and rods as declared to customs has fallen from £379 per tonne in 2013 to £274 in 2015, a fall of 28% over two years, providing clear evidence of the impact of Chinese imports on the market price for ‘basic ‘ steel products in the UK.  This will have benefited the businesses of processors of crude steel products and their customers in the UK, but will have damaged the market for UK-based steel manufacturers such as Tata at Port Talbot.

 

April 2016