stainless steel tube mills-gdseko.com: How does the devaluation of RMB affect the stainless steel export?

2015年8月26日星期三

How does the devaluation of RMB affect the stainless steel export?

As RMB devaluation develops,export seems to be better than the early 2015 and stainless steel industry is expected to out of the downturn.There are a lot of foreign customers come to China to visit the stainless steel pipe making machinery recently.This encourages the stainless steel manufacturers.
However,some foreign customers are still hesitate to increase the investment on the stainless steel industry.On one hand,they show great interest to Seko’s high-end stainless steel pipe making machinery,on the other hand,they are waiting for the greater devaluation of RMB.
In fact,there are three reasons lead to the devaluation of RMB. Firstly,it is caused by the withdraw of capital by abroad investors because the China Central Bank reduce the interest.Secondly,the export is not as good as expected .Lastly,the American economy develops greatly.
The expert stated that the devaluation of RMB will not continuous.The USRMB will be fluctuate between 6.2-6.4.It is less likely to be lower or higher.