Be worth what carry is, from more than 5 million tons of iron and steel enterprise profits of different business sectors, the steel plate basically don't earn money.
Wang Yingsheng said,Double-sided submerged arc welding steel pipe from the fourth quarter of 2011 to now, the steel plate are losing money, although there are dozens of billions of profits, but the basic steel from the mines, steel mills of the financial industry, the steel industry to obtain profit.
Cisa figures, in 2011, more than 5 million tons of iron and steel enterprise profit is 70.259 billion yuan, profit is 30.433 billion yuan, in which steel is mainly mining company profit of 15.265 billion yuan, the financial enterprise is 2.932 billion yuan,180 degree short radius elbow manufacturer the steel industry in 21.629 billion yuan.Fell by 2012, total profit to 4.177 billion yuan, of which iron and steel main business profit total RMB - 26.795 billion, mining companies, financial companies, the steel industry's profits, 8.232 billion yuan, 3.685 billion yuan and 3.685 billion yuan respectively.
In the second quarter of this year, more than 5 million tons of iron and steel enterprise profit is 143 million yuan, among them, the steel main business profit total RMB - 3.007 billion,seamless steel pipe astm a106 gr b mining companies, financial companies, the steel industry's profits, 1.39 billion yuan, 1.101 billion yuan and 1.101 billion yuan respectively.In the short term, he said, the steel industry will enter the transformation and upgrading, stage of backward production capacity, market competition is more intense, iron and steel enterprises will be through this round of competition, can the rest could survive, namely "leftover is king".
He also said that the current market has entered into the phase of excess production capacity, there are still a lot of capacity under construction or will soon be put into production. The overall demand is still considerable, but hard to improve significantly. Steel market will continue to supply contradiction, therefore,Ansi b16.9 end caps for oil and gas pipe the price also have rebounded sharply. And upstream concentration is high in mines, iron ore prices rise to fall, iron and steel industry is difficult to change.
Wang Yingsheng argues that, in the long run, 2013-2023, if will our country's urbanization rate increased from 52.5% to 52.5%, the Midwest to catch up with the east, China's economic development will also need a large number of steel support, therefore, crude steel production in the next 10 years will continue to improve.
In addition, he said, the recent real estate market to enter the best construction seasons, guaranteed by the economy and urbanization, construction areas, turn shantytowns into new housing areas, new land circulation policy factors, such as demand growth is expected to pull the long material, late to market. He also said that the recent new order intake increased significantly, the shipbuilding industry is expected to increase later steel demand. With a long cycle, however, its demand release, and the low order may be further compressed shipbuilding plate margins.
2013年9月23日星期一
2013年9月21日星期六
Increases in interest rates will only is the real challenge faced by the fed
Cut the QE may not difficult, but the exit road is not flat, interest rates will is a real challenge faced by the fed. Since 2008, the fed has cut short-term interest rates close to zero,JIS 5K Plate flanges to help the economy from recession to recovery. The fed has promised to maintain short-term interest rates near zero, until the unemployment rate fell to 6.5% or less.
Credit suisse is expected, the federal reserve will insist, shrinking QE, net purchase assets down to zero, short-term interest rates are still close to zero for a long time. Even if short-term interest rates eventually rise, the fed will not sell assets,marine steel butt-welding fittings elbow but to allow the maturity of bonds and normalization of amortization.The fed will be released at the meeting on Wednesday for the first time in 2016 economic forecast, the latest economic data (310358, fund it) prediction (especially) the unemployment rate will affect the market rate for the future direction of the judgment. Last publish economic forecast is in June, when the forecast is to the fourth quarter of 2015, the U.S. unemployment rate will fall to about 6%, the rate of inflation is close to 2%.
Expectations for the fed to cut QE have greatly pushed Treasury bond yields, and also push up global sovereign bonds and corporate bond yields."The time has come for a higher interest rate." Turkey's deputy prime minister Ali Babacan (Ali Babacan) said last week in the summer davos BBS.Chief economist at high frequency economics,Electric Resistance Welded carbon steel pipe wei for berg (Carl Weinberg) said: "the market is not willing to see the U.S. interest rates rise, the rest of the world is not ready to face higher borrowing costs."
When the U.S. economic recovery momentum in early 1994, the fed has also opened monetary tightening, the results not only in the United States bond market collapse,90deg Short radius carbon steel elbow all global markets. ECB executive board member, Mr Joerg (his) not long ago, warned in a higher degree of globalization today, the fed tightening global spillover effects may be more than 1994 years.
To prevent interest rates as the us, the bank of England and the European central bank interest rate policy has been introduced in the summer "forward-looking guidance", trying to convince markets that the economic recovery to a satisfactory level before the central bank will cut its benchmark interest rates at low levels. But so far, the effect of predictive guidance is limited, Britain and the euro zone's long-term borrowing costs continue to rise.
Credit suisse is expected, the federal reserve will insist, shrinking QE, net purchase assets down to zero, short-term interest rates are still close to zero for a long time. Even if short-term interest rates eventually rise, the fed will not sell assets,marine steel butt-welding fittings elbow but to allow the maturity of bonds and normalization of amortization.The fed will be released at the meeting on Wednesday for the first time in 2016 economic forecast, the latest economic data (310358, fund it) prediction (especially) the unemployment rate will affect the market rate for the future direction of the judgment. Last publish economic forecast is in June, when the forecast is to the fourth quarter of 2015, the U.S. unemployment rate will fall to about 6%, the rate of inflation is close to 2%.
Expectations for the fed to cut QE have greatly pushed Treasury bond yields, and also push up global sovereign bonds and corporate bond yields."The time has come for a higher interest rate." Turkey's deputy prime minister Ali Babacan (Ali Babacan) said last week in the summer davos BBS.Chief economist at high frequency economics,Electric Resistance Welded carbon steel pipe wei for berg (Carl Weinberg) said: "the market is not willing to see the U.S. interest rates rise, the rest of the world is not ready to face higher borrowing costs."
When the U.S. economic recovery momentum in early 1994, the fed has also opened monetary tightening, the results not only in the United States bond market collapse,90deg Short radius carbon steel elbow all global markets. ECB executive board member, Mr Joerg (his) not long ago, warned in a higher degree of globalization today, the fed tightening global spillover effects may be more than 1994 years.
To prevent interest rates as the us, the bank of England and the European central bank interest rate policy has been introduced in the summer "forward-looking guidance", trying to convince markets that the economic recovery to a satisfactory level before the central bank will cut its benchmark interest rates at low levels. But so far, the effect of predictive guidance is limited, Britain and the euro zone's long-term borrowing costs continue to rise.
2013年9月15日星期日
Domestic steel prices decline
As the forward price of steel "barometer" rebar futures prices is accelerated test, the confidence in the domestic spot hong kong-listed how much is a "hit", plus the downstream demand for steel has not moderate, Carbon Steel Slip On Raised Face Flange spot steel prices decline is widening.In the recent within a week, weekly decline reached 0.76% of domestic integrated steel prices. Rebar futures accelerated test, as a "direct" cost of raw materials of steel billet steel prices are also falling slightly, the spot of hong kong-listed volume shrink again, so the domestic spot hong kong-listed declines obviously deepened, the main varieties of steel prices generally downward.
According to the analysis, in the plate market, prices fell. The thick plate decline continues to expand, organization of monitoring in more than 20 domestic major markets, Shanghai, wuhan, ASME B16.25 Welding on the pipe end cap tianjin, Beijing, and other market weekly decline ton price of between $80 and $50. Said in the market, the business concerns of emotions in. Relatively low volume has lasted two weeks, no obvious signs of improvement, the downstream demand was no significant production reduction mills, which determines the necessity of hong kong-listed vulnerable. Beijing market in thick plate tons price nearly a month to the cumulative decline has reached 170 yuan. The price of hot-rolled plates volume decline in obvious increase, also "at the bottom of the" mainstream prices down continuously, the market pessimism is obvious. Terminal "buy or not to buy up", hong kong-listed clinch a deal is generally poor.
The hong kong-listed field in the building, weak continues. Shanghai, guangzhou, Beijing, tianjin and dominate the market and the national construction steel price of tons of weekly decline in most regions of between $10 to $60. Poor merchant ship, carbon steel spiral welded tube site procurement rhythm slow. Is only "mediocre" : the market at present in the inventory is not too high, business sales pressure is small, plus the Mid-Autumn festival, National Day double festival approaching, partial businessman there are still looking forward to the site of the first stock.
Iron ore market has "high-profile difficult to sing," overall is stable middle line. In the domestic ore market, Hot dip Galvanized Steel Water Pipe thin wall tube hebei region tiejingfen prices basically stable, steel procurement is still not active, business to market expectations of the late is not high. Imported ore price back slightly, platts 62% grade iron ore index for $135 a tonne, down $1 a week. Iron ore import volume was light, steelmakers even purchase, is given priority to with a small amount of complement, adjust the structure of inventory. Mining city, according to people familiar with imported ore quantity of the arrival of the goods since September than in August, steel mills in procurement strategy will continue to give priority to with watching.
According to the analysis, in the plate market, prices fell. The thick plate decline continues to expand, organization of monitoring in more than 20 domestic major markets, Shanghai, wuhan, ASME B16.25 Welding on the pipe end cap tianjin, Beijing, and other market weekly decline ton price of between $80 and $50. Said in the market, the business concerns of emotions in. Relatively low volume has lasted two weeks, no obvious signs of improvement, the downstream demand was no significant production reduction mills, which determines the necessity of hong kong-listed vulnerable. Beijing market in thick plate tons price nearly a month to the cumulative decline has reached 170 yuan. The price of hot-rolled plates volume decline in obvious increase, also "at the bottom of the" mainstream prices down continuously, the market pessimism is obvious. Terminal "buy or not to buy up", hong kong-listed clinch a deal is generally poor.
The hong kong-listed field in the building, weak continues. Shanghai, guangzhou, Beijing, tianjin and dominate the market and the national construction steel price of tons of weekly decline in most regions of between $10 to $60. Poor merchant ship, carbon steel spiral welded tube site procurement rhythm slow. Is only "mediocre" : the market at present in the inventory is not too high, business sales pressure is small, plus the Mid-Autumn festival, National Day double festival approaching, partial businessman there are still looking forward to the site of the first stock.
Iron ore market has "high-profile difficult to sing," overall is stable middle line. In the domestic ore market, Hot dip Galvanized Steel Water Pipe thin wall tube hebei region tiejingfen prices basically stable, steel procurement is still not active, business to market expectations of the late is not high. Imported ore price back slightly, platts 62% grade iron ore index for $135 a tonne, down $1 a week. Iron ore import volume was light, steelmakers even purchase, is given priority to with a small amount of complement, adjust the structure of inventory. Mining city, according to people familiar with imported ore quantity of the arrival of the goods since September than in August, steel mills in procurement strategy will continue to give priority to with watching.
2013年9月11日星期三
Against industrial policy?
Insiders told reporters that jinan short radius 90 degree elbow jinan and laiwu distance but more than 100 kilometers, with the inland cities, it doesn't make any sense to move in the past. Relocation needs for a long time, the precision of argument.As early as in 2005, the state promulgated the "iron and steel industry development policy", says from the ASTM A234 WPB Carbon Steel Equal Tee china producer ore, energy, resources, water resources, transport conditions and considering both at home and abroad thermal expansion of seamless steel tubes market, large-scale iron and steel enterprises should be mainly distributed in the coastal areas. Last year, the state council issued "the steel industry productivity layout and adjustment astm a53/a106 steel tube standards plan, the core is 39 cities in China steel factory, according to the principle of the coastal border, within five years away from city.
Former vice-minister of ministry of metallurgy, China iron and steel industry association advisory Wu Xichun has pointed out, "South Korea, Japan's big iron and steel industrial base in coastal areas. Around the world, the steel industry is the development trend of coastal, centralization, coastal development because of low cost, low consumption, environmental protection, energy saving."
And capacity to jinan laiwu, obviously contrary to the iron and steel industry policy, but also wanting to transfer the coastal conditions."In the long run, to the coastal transfer capacity is possible, this is the big trend of industry." Jinan insiders told reporters.But the coastal mountain steel propulsion strategy is not smooth, restructuring rizhao steel is still in the stage of "fight". Necessity, in the case of a reorganization of the rizhao steel fruit, rizhao iron and steel products base formally started in June.
But people familiar with the matter told reporters: "although rizhao steel products base has started, but slowly. For any project, what kind of technology, adopt what equipment and technology, also in the study."At present, the work is advancing the turnround jinan apparently flawless he gu, its internal reforms for turnround. Even Mr Xu, chairman of baosteel said: "in recent years, the reform of jinan is very large, we also have no so big of baosteel."
Former vice-minister of ministry of metallurgy, China iron and steel industry association advisory Wu Xichun has pointed out, "South Korea, Japan's big iron and steel industrial base in coastal areas. Around the world, the steel industry is the development trend of coastal, centralization, coastal development because of low cost, low consumption, environmental protection, energy saving."
And capacity to jinan laiwu, obviously contrary to the iron and steel industry policy, but also wanting to transfer the coastal conditions."In the long run, to the coastal transfer capacity is possible, this is the big trend of industry." Jinan insiders told reporters.But the coastal mountain steel propulsion strategy is not smooth, restructuring rizhao steel is still in the stage of "fight". Necessity, in the case of a reorganization of the rizhao steel fruit, rizhao iron and steel products base formally started in June.
But people familiar with the matter told reporters: "although rizhao steel products base has started, but slowly. For any project, what kind of technology, adopt what equipment and technology, also in the study."At present, the work is advancing the turnround jinan apparently flawless he gu, its internal reforms for turnround. Even Mr Xu, chairman of baosteel said: "in recent years, the reform of jinan is very large, we also have no so big of baosteel."
2013年9月5日星期四
The central bank this reverse repurchase for 10 billion yuan
Think mike o news agency on September 5, industry insiders said on Thursday, China's central bank open market for American carbon steel eccentric reducer 10 billion yuan 14 days, reverse repurchase operation today. On the basis of calculation, this week open market to realize drained a net 37 billion yuan of funds, for the first time since the black carbon steel butt welded concentric reducer second half.
On Tuesday, the central bank in the open astm a53/a106 steel tube standards market for $10 billion seven-day reverse repo, the winning rate unchanged at 3.9%.
Big news agency statistics show wisdom and ASTM A53/A106 spiral steel pipe open market this week with a total of 18 billion yuan bill and reverse repurchase due of $75 billion. Open market for a net 41.5 billion yuan last week.
Open market primary dealers general meeting on Monday and Wednesday at this week's open market demand, including positive/reverse repurchase and bill. If something does not appear in the list of requirements, basic is unlikely for the operation.
On Tuesday, the central bank in the open astm a53/a106 steel tube standards market for $10 billion seven-day reverse repo, the winning rate unchanged at 3.9%.
Big news agency statistics show wisdom and ASTM A53/A106 spiral steel pipe open market this week with a total of 18 billion yuan bill and reverse repurchase due of $75 billion. Open market for a net 41.5 billion yuan last week.
Open market primary dealers general meeting on Monday and Wednesday at this week's open market demand, including positive/reverse repurchase and bill. If something does not appear in the list of requirements, basic is unlikely for the operation.
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