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The dual pressures of the market and the cost can not be optimistic about the china iron and steel by wgverbv dfbdfb
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The dual pressures of the market and the cost can not be optimistic about the china iron and steel by WGVERBV DFBDFB
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| Article Posted: 05/25/2011 |
| Article Views: 69 |
| Articles Written: 1361 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 494 |
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The dual pressures of the market and the cost can not be optimistic about the china iron and steel |
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Business,Business News,Business Opportunities
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It is understood that, in the March 19, deputy secretary general of China Iron and Steel Association, Luo Bing was born in 2010 to participate in the development of China's steel industry seminar clearly states that in 2010 China's steel industry is not optimistic. At present, China's steel industry faces three major mining giant CVRD iron ore price wishing to increase by 100% of the cost pressures; while also totally beyond the face of excess supply market demand.
Luo Bingsheng, said Vale For first proposed 90% price increase, and later be upgraded to 100 percent growth, which will affect the domestic ore prices and increased steel costs. He said that China's steel output this year, far higher than the first two months of demand, while exports may slow further, while inventories rose significantly increased the risk of iron and steel industry. CVRD, the three major mines of the market is expected to be too optimistic.
China's steel industry in the 2010 situation, the China Steel Association is not optimistic. According to the National Association of Steel production planning of enterprises in 2010 is expected to grow 16.1% in crude steel production plan. This means that crude steel production growth has exceeded expectations, but are not optimistic about the demand will result in growing pressure on stocks.
China Steel Association believes that China's pace of fixed asset investment soared, perhaps this year's steel demand will have a positive impact, but may result in excess production capacity limited profits, exports may also be reduced, these factors may limit the demand for iron and steel industry. It is reported that China iron and steel in February this year, average daily production reached a record 1.8 million tons, but the first two months of this year, the momentum of a moderate recovery in net exports has been suspended. To make matters worse is that 49 countries have already China's steel products imposed protectionist measures, exports declined exacerbated the domestic steel market oversupply problem.
But the relevant foreign institutions and Luo Bingsheng predicted exactly the opposite. Iron and steel industry analyst with UBS Securities Tang Xiao-bo, said: "Some investors worried that implementation of China's steel demand is likely to tighten policy sharply, we believe steel demand will not decline sharply. The Government's intention is to reduce the asset bubbles, rather than reduce the economic growth . China's ongoing investment in fixed assets and real estate construction activity remained at a high level, in the next 3-6 months will continue to be spawned demand for industrial raw materials. On the other hand, the needs of the manufacturing sector in the recovery path. "is also to the development of the industry has brought a certain extent. I am a professional writer from China Building Materials, which contains a great deal of information about stanley tripod light , military desk name plates, welcome to visit!
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