1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      Steel industry to face further difficulties

      2013-02-28 10:35 China Daily     Web Editor: qindexing comment

      China's steel industry will continue to face difficulties to cut costs and boost exports in the first quarter amid growing trade disputes, even though domestic demand is gradually increasing, a major economic policymaker said.

      The National Development and Reform Commission published a forecast on the steel industry on Tuesday, saying the country's economic rebound in the fourth quarter has brought increasing demand. However, excessive supply will continue to be felt, it added.

      "China's crude steel production capacity has reached 970 million metric tons," said Li Xinchuang, deputy secretary of the China Iron and Steel Association, at a conference in Beijing on Wednesday.

      He said domestic demand for steel products will increase 4.1 percent this year to 660 million tons, while the country's iron ore demand will rise 5.7 percent to 1.11 billion tons.

      "The development of China's steel industry depends heavily on future policies, considering the current situation of rising costs and weak demand," said Zhang Tieshan, an analyst at steel information provider Mysteel.com.

      The inventories of the country's five major steel markets are at 20.38 million tons, the highest since 2004, said Zhang.

      In previous years, it was common for steel inventories to rise after the Spring Festival holiday and to gradually be absorbed by the market after March.

      However, Zhang said the rising inventories this time were caused by the increasing output of steel makers.

      According to figures from the association, China's steel output in the first 10 days of the month reached 1.98 million tons, up 16.7 percent year-on-year and the highest figure since late October 2012.

      Meanwhile, steel product prices have been falling.

      From Feb 20 to Feb 26, hot-rolled steel products dropped 120 yuan ($19.07) a ton from 4,084 yuan a ton, according to Wang Guoqing, deputy director of the Lange Steel Information Research Center.

      In some cities, prices of steel products even dropped 200 yuan a ton in a week, she said.

      "The steel products market will continue to fall this week with an average price drop of about 30 to 40 yuan per ton," said Ge Xin, an analyst at Lange.

      Last week, the central government said that property-price controls will be maintained, showing its determination to curb housing prices amid a recovery in China's property market in the past few months.

      In addition to the government's real-estate policy, which has led to a pessimistic outlook for the steel market, the industry is also facing falling exports stemming from anti-subsidy and anti-dumping investigations launched by the United States, the European Union and Australia.

      Last year, there were nine trade disputes targeting China's steel products - a dramatic increase compared with previous years. The ASEAN countries and Brazil also launched investigations into China's steel products.

      "The global economic recovery is still sluggish and China's steel industry will face bigger obstacles in terms of exports this year," the National Development and Reform Commission said.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 久久久久亚洲av无码专区喷水| 亚洲国产激情在线一区| 美女黄色免费网站| 在线播放高清国语自产拍免费| 亚洲欧洲国产综合| 亚欧在线精品免费观看一区| 在线jyzzjyzz免费视频| 亚洲免费福利在线视频| 欧美好看的免费电影在线观看| 免费A级毛片无码A∨男男| 蜜芽亚洲av无码一区二区三区| 在线免费视频一区二区| 亚洲爆乳精品无码一区二区| 三上悠亚在线观看免费| 亚洲精品无码Av人在线观看国产| 国产免费爽爽视频在线观看| 亚洲AV日韩AV永久无码绿巨人| 亚洲AV色无码乱码在线观看| 国产乱弄免费视频| 亚洲成人网在线观看| 国产免费一区二区三区| 国产成人亚洲综合无码精品 | 久久九九兔免费精品6| 亚洲精品福利在线观看| 老司机免费午夜精品视频| 亚洲国产精品综合久久网络| japanese色国产在线看免费| 亚洲精品国产精品乱码视色| 免费A级毛片无码A∨中文字幕下载| 亚洲综合久久成人69| 日韩免费a级在线观看| 亚洲国产视频一区| 免费黄色毛片视频| 国产精品成人69XXX免费视频| 亚洲影院在线观看| 免费无码一区二区三区蜜桃大 | 国产精品免费久久久久久久久| 亚洲电影一区二区| 精品无码国产污污污免费| 一级毛片免费毛片毛片| 国产又长又粗又爽免费视频|