Domestic steel market has adjusted itself to the new tariff rate after the first tough quarter. The second quarter sees the export rebound to a steadily increasing phase. However, a flood of severe events from home and abroad tosses the steel export market into another round of uncertainty during the next half of the year.
　　According to the statistics from International Iron and Steel Institute (IISI), the global demand for steel in 2008 will reach 1.282 billion MT, a record increase of 6.7%. The emerging markets will prop up the global iron and steel market even though EU and U.S. are estimated to be faced with economic downfall.
　　A series of important events such the earthquake in Wenchuan and the upcoming Olympic Games greatly affect the supply/demand balance. As the most important steel exporter, China’s export quantity will be thereby affected. Steel export will warm up again considering the yawing price gap between home and abroad as the global market is faced with steel shortage.
　　It is absolutely that the supply/demand unbalance will be a sure common concern for the global steel market in the second half of 2008.
　　Export policy will possibly be further adjusted; the tighter monetary policy will be publicized; global demand for steel is increasing steadily; the economic downturn in EU and U.S. effects on global market; trade protectionism invites trade fraction; the reconstruction plan in the quake-devastated Wenchuan; the producing cut during the 2008 Olympic Games……
　　All the above issues will be thoroughly discussed in “2008 China Steel International Trade Summit”.

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