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August 25 2008 overview of the steel industry by 123wert sdfsf
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August 25 2008 overview of the steel industry |
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Business,Business News,Business Opportunities
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Ministry of Commerce, the new "three fixed" scheme approved by the State Council: Chinese Ministry of Commerce new "Sanding" program approved by the State Council. According to the Ministry of Commerce released the "Ministry of Commerce, Main Functions, Internal Organization and Staffing", the Antitrust Division of the Ministry of Commerce was established to undertake "anti-monopoly law," anti-monopoly committee under the State Council, the specific work. "Requirement" of the duties of anti-monopoly authorities described as: "according to the law on the conduct of business concentration antitrust review; guidance to overseas Chinese enterprises responding to anti-monopoly work; carry out bilateral and multilateral exchanges and international competition policy Cooperation . " Experts say: fine-tuning after the Olympic Games is still mainly controlled by: Macro-control on the Olympic Games to the debate heats up. Experts believe that the Olympic Games, China macroeconomic control will remain "fine tuning" mode, "drastic" control the probability is small. Some experts believe that macro-control and not due to stagnation of Olympic Games, the next stage will maintain continuity of control. Recently, the fiscal policy frequently shot, adjusting the export tax rebate rate, reduction of costs associated with individual businesses, monetary policy, "tight" tone is no longer prominent. Many Nobel Prize winners: the long-term development potential of China's economy strong: Since 20, the third Nobel Prize winners in Lindau, Germany General Assembly since the opening of Many economists said they were long-term development of China's economic optimism. 2001 Nobel laureate in economics, former World Bank chief economist Joseph Stiglitz in an interview with Xinhua, said: "I am very optimistic about China's future economic growth, although not necessarily maintain the current double-digit speed, but sustained growth is foreseeable. " Electricity sales price Development and Reform Commission submitted the reform program is expected to rise again: Following the July 1 price rise of 2.5 points, the price loosening up the pace again. The NDRC notice said the decision from August 20 onwards, the nationwide power plant was the average electricity price increase by 2 cents per kilowatt-hour, some analysts say this is equivalent to 50 billion yuan to subsidize electricity companies. Although the only power plant was to make electricity price increases, but the industry is quite concerned about. China Electricity Council authorities concerned also told reporters that the pace of tariff reform, never been stopped, "the State is still a further rise in price brewing."
Integration of money hungry steel or speed: June, Baoshan Iron and Steel Company in Guangdong reorganization, only the formation of new Guangzhou Iron and Steel Group, Baosteel to invest 28.6 billion yuan; Wuhan this month in Zhejiang Participation of the country's largest iron ore terminal, the total investment reached 2.4 billion. Stir in the market this month, Panzhihua Iron and recombination involved in the Anshan Iron and Steel, Anshan Iron and provided about 20 billion yuan in cash guarantee option. With the large-scale integrated iron and steel industry with raw materials accelerated the pace of investment, on the huge demand for capital more and more urgent. Large steel enterprises spending huge amounts of money behind the market began to worry about financing channels for enterprises can support. Mass of steel export tax rebates or zero-induced down steel prices: Since 2006, China completed the first time from "a net importer of steel" to "net exporter of steel," the change, specific for Steel products Policy of export tax adjustment up to 6 times in total. With this year's excessive steel exports in July, analysts believe that China's steel products are all zero tax for all to enjoy a higher risk. Rumors affected by this week, spot market steel prices fell sharply. Fear of the cost price of the steel industry will be inverted into the "downturn": While the first half of the steel industry, 20% of the total to 30% net profit increase, but prospects for the steel industry is not so good. Upstream costs, weak demand downstream, "one-down" attack of the industry chest as a boulder. "Ore the year is counted from the April start of a cycle, together with coke prices in the second half of the cost pressures will be greater, while the downstream industry chain of the funds have become nervous." Industry told reporters that at present, many steel stocks record high volume, lower prices many steel enterprises have begun shipping. Canadian convicted in China Pipe Of subsidies and dumping: Canadian International Trade Tribunal (CITT) ruled yesterday: originating in or from China's carbon welded pipes act of dumping and subsidies, and has hurt the Canadian steel mills. Therefore, the Canada Border Services Agency (CBSA) will be China's carbon welded pipes countervailing and antidumping duties imposed. Earlier, the United States has told me introduce anti-dumping countervailing duty welded. Panzhihua Iron and Steel restructuring finalized during the year, "Southwest Steel" ready to come out: Spend nearly 2 billion yuan to buy shares from the secondary market, Anshan Iron and Steel Group and Panzhihua Iron and Steel Department of placards can not effectively prevent competitors gain a foothold. August 15, re-learned some details of the restructuring plan. I am a professional writer from China Products, which contains a great deal of information about skinny leg jean , twill khaki pants, welcome to visit!
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