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Favorable factors began to show, the depressed state of the steel industry is expected to improve by lee ryan
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Favorable factors began to show, the depressed state of the steel industry is expected to improve by LEE RYAN
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| Article Posted: 09/13/2012 |
| Article Views: 104 |
| Articles Written: 234 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 480 |
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Favorable factors began to show, the depressed state of the steel industry is expected to improve |
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New to the Internet,Press Release,Business News
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Recently, trillion project of the country has been approved, the demand of the steel industry could increase. Whether the steel industry can finish a long-term downturn? This also is unknown. "The first seven months of this year, 13 industry of production in 21 major steel manufacturing industry decline year-on-year, manufacturing steel particularly in the doldrums." September 7 to 9, in 2012 China's first construction steel industrial chain of high-end forum, the director of the Metallurgical Industry Economic Development Research Center said so. Since the beginning of this year, the market situation of the iron and steel industry is facing increasingly severe, prices continue to be in shock downstream channel, the whole industry is almost in a comprehensive loss for the state. Downstream industries of steel demand continued weak, excess capacity is the root cause of the downturn in the steel industry. For example, as the large consumption of steel construction steel industry, railway construction continued in the "winter" period, the real estate investment continued to slow down limit the construction steel market rebound. However, experts believe that the fourth quarter, this situation expects to improve. Environment from the macro point of view, the policy in the second quarter has bottomed out, which is entering the relaxation cycle, the current round of policy cycle is a moderate, gradual way to expand. The external environment also improved, the economy bottomed out from exports began to improve in the fourth quarter, and international capital outflow from China phenomenon '18 'is expected to change. Macroeconomic Research Institute of National Development and Reform Commission said. Some experts also believe that the stability of investment in the second half of the year is an important measure to expand domestic demand and steady growth, The government will increase funding support for national key construction projects such as water conservancy, railway, and actively and steadily promote urbanization. Downstream industries also have a good expect for the second half of the year situation. A representative of the construction enterprises believe that the second half of this year, the domestic economy and the overall situation will be better in the first half of the year, the trend will slow the accelerated decline in infrastructure investment, it may be a slow recovery after bottoming out. This will bring good demand for construction steel. However, according to statistics, in 2012, domestic steel consumption of growth in the range of 8.4-18.6%, lower than the 19.17 percent in 2011, a huge steel production capacity to suppress the formation of long-term price. In this regard, the principal analyst pose that in the long term, demand space for steel still have confidence; in medium term, difficult temper of the steel industry to be unbiased; while from now to see the bottom of the steel industry running to be patient. ERW Steel pipe, Tinplate, Steel Wire, Steel Section manufacturer, supplier and exporter
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