Quality And Quantity To Achieve The Scale Of Growth In Chinese Steel

In the domestic steel industry into the "winter" in the background

, on the 29th, Hunan Valin Iron and Steel Group invited leading experts in Changsha, suggestions for the development of the industry. Fan Gang, Pan Xiangdong, Weng Yuqing, and other experts believe that the real economy to adjust not "bottomed out", but the steel industry as the representative of traditional manufacturing industries, we should take the attitude scale and quality and quantity to meet the "spring."

Fan Gang that while the world financial crisis "the worst of time" has passed, but in terms of difficulty for the real economy has only just begun. The future trend of the world's real economy would be "L" type 1-2-year negative growth, then 1-2 years to less than 1% lower growth will resume after the "strength." In other words, need 2-4 years to adjust before the real economy, "bottom."

Everbright Securities Research Institute, pointed out that the chief macroeconomic analyst Pan Xiangdong, pulling effect due to government investment guarantee, the proactive fiscal policy and loose monetary policy appropriate incentives, the Chinese economy is expected to turnaround in the second quarter of 2009. Long term, investment-led government followed, and will be domestic demand, foreign orders rebounded in the Chinese economy will in turn restore the economy.

Some economists in particular that although some Western countries, the government is sparing no effort to rescue a number of manufacturing enterprises the brink of bankruptcy, but such measures to a greater extent is the local emergency placement for consideration in the long run, the West developed economies, particularly the United States "de-industrialization" trend becoming evident. Which is already the "world factory" in China, traditional manufacturing still has much room for development and promotion of the steel industry is one of the representatives.

Weng Yuqing, chairman of Chinese Society for Metals believes that China's steel industry faces grim situation is temporary, is unlikely to continue to decline. After a low of consolidation, the current should be noted that self-improvement problems. Weng Yuqing analysis pointed out that by 2010, along with China's economic recovery, domestic crude steel consumption is expected to return to record highs in 2007 of 49.5 billion tons when the level of optimism is expected to reach 55.5 billion tons. However, if the existing iron and steel enterprises are not Guantingbingzhuan, eliminate backward production capacity, then China will have 66.5 billion tons of crude steel production capacity to form a serious overcapacity. Therefore, Weng Yuqing Valin Steel have proposed a sense of crisis and urgency, the future of the way through the strengthening of R & D, technology and implementation of technological transformation, and take energy saving, product adjustment and environmental management of new iron and steel industry development.

According to report, some large steel group now is planning a new round of layout. Valin Iron and Steel Group recently as in the provincial government, financial support, planning started around the car plate, seamless steel pipe, heavy plate of 44 billion yuan of investment and technology upgrade program. Valin Iron and Steel Group hopes that this initiative, to achieve "low when the construction and the height of big money" business strategy.

by: gaga

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