1. LINE

      Text:AAAPrint
      Economy

      Steel output drops 1.7% in first quarter

      1
      2015-04-30 08:48Global Times Editor: Qian Ruisha

      Large, mid-sized firms suffer combined losses of $1.78b

      China's crude steel output declined 1.7 percent from the previous year to 200.1 million tons in the first quarter amid dropping prices, and the sector will continue to see hard times in the short term, the China Iron and Steel Association (CISA) said Wednesday.

      In the first quarter, the country's large and medium-sized iron and steel firms suffered combined losses of 11.05 billion yuan ($1.78 billion) in their main business, CISA data showed.

      CISA's China Steel Price Index stood at 75.43 points as of the end of March, falling by 19.4 percentage points year-on-year. Difficult financing and more severe environmental constraints have also added to steel mills' pressure.

      The main consumers of steel such as the real estate sector have experienced a slowdown, which is the main reason behind the declined demand and prices of steel, Guo Bin, a manager at Shanghai Keerun Industrial Co, told the Global Times on Wednesday.

      The apparent consumption (refers to national production plus net imports) in the first quarter fell by 6.2 percent year-on-year to 177 million tons, CISA data showed. But Guo said that some small steel makers did not reduce their output although there is a decreased market demand in China now.

      Zhu Jimin, executive vice chairman at CISA, told the Global Times on Wednesday that the iron and steel industry can benefit from the country's "One Belt, One Road" initiative.

      "A large amount of infrastructure construction [expected under the 'One Belt, One Road' initiative] can provide Chinese steel makers with more opportunities," Zhu said, noting that it is a good chance to expand overseas markets.

      Zhu's opinion was echoed by Guo, who said that the government's policy stimulus is certainly a boost. "But in the long run, whether the steel industry will benefit from the initiative depends on how long and how hard the Chinese government will promote the 'One Belt, One Road' initiative," Guo said.

      There have been concerns that the Chinese government is aiming to export domestic excess capacity through the "One Belt, One Road" strategy. But Zhu said that the cooperation could meet the actual needs of the governments and enterprises in the countries and regions along the routes, helping local governments to build and improve their own steel industry.

      CISA also called for more tax reduction for ore mining firms so that they can have a greater price advantage over strong international competitors.

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲无码一区二区三区 | 一边摸一边桶一边脱免费视频 | 亚洲欧美国产日韩av野草社区| 久久不见久久见免费视频7| 日本红怡院亚洲红怡院最新 | 免费无码又爽又刺激高潮视频| 亚洲精品无码专区在线在线播放 | 国产福利免费在线观看| 亚洲中文精品久久久久久不卡| 国产99视频精品免费观看7| 亚洲免费视频观看| 91在线视频免费看| 亚洲精品无码久久久久牙蜜区| 67194成是人免费无码| 亚洲综合av一区二区三区不卡| 成年女人免费视频播放体验区| 中国china体内裑精亚洲日本| 最近高清国语中文在线观看免费| 亚洲精品无码久久久久A片苍井空| 日本媚薬痉挛在线观看免费| 看一级毛片免费观看视频| 亚洲视频人成在线播放| 99视频在线免费观看| 911精品国产亚洲日本美国韩国| 精品熟女少妇av免费久久| 亚洲av永久无码嘿嘿嘿| 全免费a级毛片免费看不卡| 免费视频精品一区二区| 久久久久久a亚洲欧洲aⅴ| 18禁成人网站免费观看| 亚洲GV天堂无码男同在线观看| 亚洲AV无码乱码精品国产| 叮咚影视在线观看免费完整版| 中文字幕亚洲色图| 韩国日本好看电影免费看| 精品国产免费一区二区三区| 亚洲色图校园春色| 免费观看亚洲人成网站| 国产成人无码区免费内射一片色欲| 亚洲H在线播放在线观看H| 伊人久久亚洲综合影院|