subject: China's steel industry policy to rescue the market presents multi-assembly - steel, policy - Hardware Industry [print this page] China's steel industry policy to rescue the market presents multi-assembly - steel, policy - Hardware Industry
Into the winter in China Steel Industry will usher in a period of unprecedented policy-intensive.
Newspaper noted, including the elimination of backward production capacity, reduce export tariffs, the establishment of commercial purchasing and storage, or state purchasing and storage, increased industry consolidation and a series of measures are in preparation. The policy will be in the upcoming "Iron and Steel Industry Promotion Plan", dealing in particular.
Major industrial sectors to address the immediate operational difficulties, and focus on the future, November 26, Chinese Premier Wen Jiabao put forward, we must concentrate on developing the implementation of the steel, automobile, shipbuilding, petrochemical, light industry, textile, non-ferrous metals, equipment manufacturing and electronic information and other key industries and rejuvenation program.
Industry and Information Ministry official said, boosting the economy can not simply rely on 4 trillion stimulus package, to various methods simultaneously. Industrial revitalization plan for the overall situation, both the continuation of the policy of expanding domestic demand, but also the key to restructuring.
Revert to encourage exports
Learned that the program by the National Development and Reform Commission, Ministry of Industry and Information, China Iron and Steel Industry Association jointly study and work. At present, some policies have basically worked out the specific relevant aspects of the ongoing discussions.
12 3, China Iron and Steel Industry Association's representatives to the Ministry of Finance, to discuss matters relating to tax adjustments. It is reported that exports of steel products reduce or eliminate some species of taxation is one of the issues of the day. In addition, the Steel Association also suggested that Chinese enterprises do processing trade with the domestic steel, and enjoy equal treatment of imported steel, or 17% of the income tax reduction, export promotion.
From 1998 to July 2005, Chinese steel companies have enjoyed the tax breaks. Since then, out of control high energy consumption and exports, the abolition of the preferential policy. According to CISA statistics, the current annual steel processing trade in China for about 7 million tons.
Steel Association to introduce the steel industry revitalization plan to take care of the current, but also take into account long-term, but mainly to resolve the current difficulties.
Eliminate backward production capacity
Addition to tax adjustments related side also suggested speeding up the elimination of backward production capacity. Eliminate backward production capacity of steel industry have been asking for now is more conducive to open the market for large steel enterprise products.
2006 6 months, the National Development and Reform Commission jointly issued a document required seven ministries out of 300 cubic meters by 2010 and below blast furnace, 20 tons and below, converter, and heating equipment. Steel Association revealed: "This will greatly improve the standard of 500 cubic meters is possible."
Set out according to the original standard, by 2010, to eliminate backward iron smelting capacity of 100 million tons, steel making capacity to 55 million tons. But in fact, the steel industry out of the backward production capacity has not successfully. To increase the capacity of steel out of backward, by the end of 2007, the National Development and Reform Commission also promulgated the policy, eliminate backward production capacity for financial and fiscal incentives.
However, the Steel Association, said people now, before the policies are not implemented. As the overall economic situation is bad, the steel industry as a whole into the winter. Only 300 cubic meters of blast furnace had shut down the following, even 1,000 cubic meters of blast furnace also stopped. Rough estimate, the industry is now nearly 1 / 3 capacity natural selection.
Data provided by China Steel Association show in October this year, 71 large and medium steel mills nationwide loss of 5.835 billion yuan. Among them, 42 enterprises have losses, loss reached 59.15%, this is the first monthly loss of iron and steel industry. Loss of the majority of small and medium steel mills cut-off, large state-owned steel mills have also cut production.
"We propose to use the current depressed state the opportunity and introduce relevant, complete and return the equipment was behind the small steel mills.
