YumChi­naJan-Sept steel kicks ex­port­soff rise by 2.4% trad­ing in New York

China Daily (USA) - - BUSINESS - By YANG ZIMAN yangz­i­man@chi­nadaily.com.cn ByWUYIYAO in Shang­hai

The Asian mar­ket has been the main contributor to the growthYum Chi­naof steel Hold­ing­sex­ports in Inc, thea sep­a­rate­first nine com­pa­ny­months of carvedthis year,out from ac­cord­ing Yum to Brandsa top of­fi­cialInc that of start­edthe China trad­ing Iron in­NewYork& Steel As­so­ci­a­tionon Tues­day, in saida newsit will re­lease con­tinue on fo­cus­ing Thurs­day. on direct op­er­at­ing busi­nessS­teel ex­portsmodel in in China,the rather first nine than months fran­chis­ing.stood at 85 mil­lion Yum met­ric Brands tons, an­nouncedup 2.4 per­centit was sep­a­rat­ingfrom the sameits China pe­riod op­er­a­tions last year. last Oc­to­ber, and the spinoff Wang fromYumBrand­sYing­sheng, deputy­completed pres­i­den­ton of Oct CISA,31, with said Yum that Chi­nathe 2.4 listed per­cent on steel the ex­portNew York vol­ume Stock growth Ex­change.in the first three quar­ter­sIn China, was most gen­er­atedof its restau­rantsby the Asian mar­ket, es­pe­cially the emerg­ing mar­kets where con­struc­tion de­mand is high.

He said that given by the cur­rent sit­u­a­tion, steel ex­ports to Asia are not go­ing to drop. With the Belt and Road Ini­tia­tive, they are ex­pected to in­crease.

The num­ber of anti-dump­ing and anti-sub­sidy cases overseas was 38 in the first three quar­ters, com­pared to 37 in the whole year of 2015.

“In­creas­ing trade fric­tions have prompted many steel com­pa­niesare di­rect­lyto sta­bi­lize op­er­ated theirby Yum overseas China mar­ket while and most turn are to fran­chised­di­rect sales,in other cir­cum­vent­ing­coun­tries. trade Micky com­pa­niesPant, chief so ex­ec­u­tivethat they of­fi­cer­have first-handof Yum in­for­ma­tionChina said on ex­pand­ingthe re­quire­ment taco of restau­rant­their buy­ers,” Taco saidBell and Wang. lamb hot pot restau­rant Wang Lit­tle said Sheepthat de­vel­ope­d­will drive the coun­tries’ growth de­mand ofYumChi­nafor steel in has­the next re­mained fewyears. lack­lus­ter since the fi­nan­cial YumChina cri­sis is in go­ing 2008, to triple while its de­mand cur­rent in num­berAsia, es­pe­cial­lyof restau­rants ASEAN from coun­tries,more thanhas been 7000 onto aroundthe rise. 20,000 acrossChina in the “Lo­cal­lynext fewyears. pro­duced steel in coun­triesYum Chi­nain Asia has and re­ceivedthe Mid­dle $460 East mil­lio­nis gen­er­ally strate­gic of in­vest­ment small vol­ume, in­clud­ing cre­at­ing $410 mar­kets mil­lion for China’s ex­ports,” said Wang.

This year has seen the steel mar­ket re­bound­ing from across the board losses last year. The 373 CISA-mem­ber steel smelters, which ac­count for around 80 per­cent of the coun­try’s ca­pac­ity, had 25.2 mil­lion yuan ($3.7 mil­lion) prof­its.

“The main driver for prof­itabil­ity this year is the sig­nif­i­cant re­duc­tion of costs. fromPri­mav­era Cap­i­ta­land$50 mil­lion­fromAn­tFi­nan­cial. Fred Hu, a vet­eran in in­vest­ment bank­ing be­comes non-ex­ec­u­tiveChair­man It should be no­ticed ofYumChina.that the prof­itAs an rate in­de­pen­dent(net profit/cost) com­pany, is Yum merely China1.27 per­cent,will con­tin­ue­far low­erto fo­cus than on the direct av­er­age op­er­a­tions5 per­centother than among fran­chis­ing, in­dus­trial to com­pa­nies.bet­ter lever­age There­fore,its ex­per­tise steel and com­pa­nies’re­sources gath­ered prof­itabil­ity over is the still past very decades, vul­ner­a­ble,” in­clud­ing­knowl­edge,said Chen tal­en­tand Yuqian, sup­ply di­rec­tor chain,of the to fis­cal bet­ter and en­sure as­set food de­part­mentsafety andof CISA. suc­cess­ful op­er­a­tion. The More main con­sumer­sthan 90 per­centof steelof Yu­min the China fourth restau­rantsquar­ter will­will be be op­er­at­e­dreal es­tate, and con­struc­tionowned di­rectly andby the­com­pany,ma­chin­ery saidPant. man­u­fac­tur­ing, said An­a­lyst­sChen. said that the food and “Prop­erty, bev­er­age trans­porta­tion,sec­tor will see great en­vi­ron­men­tal-man­age­men­top­por­tu­ni­ties for growt­hand ir­ri­ga­tion­amid fast fa­cil­i­ties ur­ban­iza­tion will gen­er­ate with a surg­in­glot of de­mand num­ber fo­rof shop­ping­steel. Machin­ery­malls, but man­u­fac­tur­ing,com­pe­ti­tion will suchalso be­comeas au­to­mo­bile­fiercer. pro­duc­tion,Xue Yuhu, whichan an­a­lysthas been­with Founder grow­ing by Se­cu­ri­ties,roughly 10 said: per­cent “In­creas­ingly-savvyyear-on-year in con­sumers re­cent years, will is also de­manda key in­no­va­tiveengine of and steel de­mand.cre­ative Yet prod­uct­s­the de­mandthat meet won’t fast-chang­ingbe ro­bust in in­ter­ests.”the rest of the “Strongyear,” ca­pac­i­ties­said Chen. in re­search and Chen de­vel­op­ment, warned man­age­ment­that the of in­creasethe sup­plyin steel chain out­putand cost in man­age­ment­the fourth quar­ter­are keys needs­for fast to foodbe closely chains mon­i­toredto sur­viveto avoidand thrive,”price wars said if a sup­ply re­search out­strip­snote from de­mand. Galax­ies Se­cu­ri­ties.

PRO­VIDED TO CHINA DAILY

Jet­star Ja­pan Co’s first Air­bus SAS A320 air­craft sits in a hangar at Narita Air­port in Narita, Chiba Pre­fec­ture, Ja­pan.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.