January 13, TX Investment Consulting released a research report which shows that the exchange rate factors are more significant impact to China's steel industry. Reported indicated that there would  be 300,000 tons of hot rolled coil went into the Chinese market in the end of February 2009  from Ukraine and other countries, accounting for 5% of the domestic hot-rolled monthly use. In December 2008, Shanghai has started selling hot-rolled coils from Taiwan.

From the Price comparisons in the international market, we found that the price of hot rolled coil was $ 609, while the price of CIS exports was $ 430, 29.4% lower than the price of the Chinese market. In addition, the prices of what we imported from Southeast Asia and the Middle East were far lower than the Chinese market price. Huge price difference made China's steel products not only lose competitiveness in the international market, but also the domestic market is affected. TX Irving believes that the exchange rate was main factor to cause the bad influence of importing steels in domestic market .Since 2008, the devaluation of the currencies of CIS countries is starting. The end of 2007 to January 2009, Ukrainian currency, the hryvnia depreciated 36.6% against the dollar, the RMB’s appreciated against the dollar by 6.8%. Excluding exchange rates, China's steel products steel products relative to the Ukraine has a clear cost advantage. However, the sharp appreciation of the RMB’s effective exchange rate, China's production of the international competitiveness of steel products declined significantly. Anhui Suibao Heavy Industry Machinery Co., Ltd is a professional crushing equipment manufacturer in China. We are a combination of researching and designing, manufacturing, marketing and after-sales service manufacturer. Our products mainly include jaw crusher, cone crusher, impact crusher, two in one crusher, superfineness energy saving crusher, vertical shaft impact crusher, vibrating screen, vibrating feeder, sand washer, belt conveyor, crushing plant and stone crusher. These products are mainly used in industries of mining, cement, building materials, metallurgy, road construction, dam building, airport construction, construction of bridge, tunnel and high-speed railway, and more. All of our products have obtained the ISO9001 certificates. They have been quite popular among customers from various countries and regions, like Mongolia, Russia, Saudi Arabia, etc. If you need crushing equipment, please don’t hesitate to contact us.