1. LINE

      Text:AAAPrint
      Economy

      Supply-demand mismatch continues to dampen steel prices

      1
      2015-08-17 16:44Xinhua Editor: Gu Liping

      Steel prices in China continued to spiral downward in July as market supply far exceeded demand, latest data from the China Iron and Steel Association (CISA) revealed on Monday.

      The CISA China steel price index came in at 62.73 by the end of July, down 5.94 percent from a month earlier. The index marked a drop of 31.56 percent from a year ago, as no significant improvement in the supply-demand mismatch was seen, according to the association.

      It attributed the weak demand to the prolonged downward pressure on the broader economy, which posted a 7-percent growth in the first half of the year.

      As the government's pro-growth policies such as increased infrastructure spending gradually filter through, the CISA expects improving steel demand in the latter half of the year. But a substantial rebound in prices is unlikely due to high output and a severe export outlook, it added.

      Earlier statistics showed China's crude steel output totalled 476 million tonnes in the first seven months of 2015, down 1.8 percent year on year, while apparent consumption went down 5.2 percent to 420 million tonnes.

      The Chinese government has been at pains to digest production gluts from an investment boom spawned by generous subsidies in the past few years that saw producers in "favored" sectors, including steel, expand rapidly with little regard to real market demand.

      To gradually solve the problem, the government has banned new projects in steel, cement, electrolytic aluminum, flat glass and shipbuilding before 2017.

        

      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: 亚洲精品人成无码中文毛片| 日韩在线播放全免费| 日韩在线看片免费人成视频播放| 亚洲酒色1314狠狠做| 日韩免费电影网站| 久久亚洲国产视频| 99热精品在线免费观看| 亚洲AV人无码激艳猛片| 三年片在线观看免费观看大全动漫 | 久久午夜夜伦鲁鲁片免费无码 | 四虎亚洲精品高清在线观看| 曰批视频免费30分钟成人| 亚洲一区二区三区免费在线观看| 国产精品免费网站| 亚洲日本中文字幕天天更新| 又黄又爽的视频免费看| 成人国产网站v片免费观看| 毛茸茸bbw亚洲人| 日韩视频在线观看免费| 亚洲天堂一区二区三区四区| 国产成人免费爽爽爽视频| 亚洲色偷偷色噜噜狠狠99网| 免费国产a国产片高清| 中文字幕看片在线a免费| 午夜亚洲AV日韩AV无码大全| 波多野结衣中文字幕免费视频 | 亚洲综合熟女久久久30p| 久久国产免费观看精品| 亚洲人成免费网站| 免费人成在线观看网站视频| 青青操免费在线观看| 亚洲精品在线电影| 国产精品免费一级在线观看| 全黄大全大色全免费大片| 亚洲国产成人精品无码区在线秒播| 成人免费淫片在线费观看| 一级**爱片免费视频| 亚洲美女在线观看播放| 国产中文字幕免费| 久久免费区一区二区三波多野| 日本亚洲色大成网站www久久|