subject: June 3, 2008 overview of the steel industry - cold and hot export volumes, the price of steel - steel industry [print this page] June 3, 2008 overview of the steel industry - cold and hot export volumes, the price of steel - steel industry
Bank reports: Monetary policy will still prevent the excessive growth of credit: bank financial institute released a report yesterday that the recent earthquake will not change the basic situation of macroeconomic performance, the current macro-economy of the biggest risks, overall prices are still rising pressure. Current monetary policy still based on the prevention of the excessive growth of monetary credit, so as to prevent the overall inflation rate to provide a tight constraint of total demand environment for price stability. Central Institute of Finance: Earthquake does not change the basic situation of macro-economy: This year, China's economy faces many challenges at home and abroad. The recent earthquake, in a disaster area caused heavy losses of life and property at the same time, gave China's economic development has brought new uncertainty. In this context, how to objectively assess the current macroeconomic situation, it is reasonable time to grasp the future, the key macro-control efforts. After the earthquake in China's economic trends, macro-economic analysis of Bank of China Institute of Finance team recently told Xinhua an interview. Central Bank Economic Analysis Group: Seismic contribution to our overall industrial production is less significant impact on the relatively limited supply of agricultural products is not expected to change the basic situation the macroeconomy. Manufacturing index fell slowdown in economic growth trends appear: China Federation of Logistics and Purchasing China yesterday made public in May manufacturing purchasing managers index (PMI). With the previous month, May PMI dropped 5.9 percentage points to 53.3%, down more significantly. Sub-indicators, the production index, the backlog of orders, new export orders index, purchases fell the most significant, fell more than 5 percentage points. As an international first reflects the general macroeconomic indicator system, PMI above 50%, reflecting the overall economic expansion; less than 50%, reflecting the recession. Since January 2005 from China Federation of Logistics & Purchasing Since the preparation of the index, its always maintained above 50%. Experts estimate: May CPI fell 8.1% increase, or the following: Experts predict, National Bureau of Statistics is scheduled for next Thursday announced in May CPI rose 8.5% from April dropped significantly. CICC Chief Economist Ha Jiming that although high PPI may lead non-food CPI in May rose up the chain to 2.0%, but in May the Ministry of Commerce and the Department of Agriculture, agricultural prices, decreased 3.2%, indicating the chain of food CPI increase dropped significantly, so that the overall CPI increase over the previous year dropped to -8.1% and 7.7%. He also expects the next few months, CPI rise will continue to decline.
Reconstruction will give rise to 50 million tons of steel demand: With the shift in the focus earthquake relief work, nearly 1,500 people around the disaster area reconstruction of a public focus. Steel industry analysts believe that such a large-scale post-disaster reconstruction, mean 5-10 years in produce 50 million tons of steel demand. As the price of policy intervention by the state, will not hit any major fluctuations in steel prices. 500-1000 million tons of annual increase in demand. Australia Iron ore talks End of this month the China Steel Association, said the result should be a win-win: On the concerns of the industry in Australia iron ore negotiations, yesterday, Zhang Xiaogang, president of China Steel Industry Association said it expected China and Australia Iron ore price Negotiations by the end of June before the end. Zhang did not give details of the negotiation process and the result might be reached, but said the results "should be a win-win." As China's imports of iron ore 40% from Australia, to finalize the price of imported iron ore is essential. Luo Bingsheng, executive vice president of China Steel Association, once said that the majority of iron and steel enterprises in accordance with long-term iron ore contract agreement, June 30 China's steel industry in negotiations with Australia as an important node. Record high international coal prices appear to have picked up the domestic: By the international crude oil prices continued to rise and the strong market demand and other factors, the Asian benchmark coal price??? Australian thermal coal prices rose to record levels, more than 150 U.S. dollars / ton. In the domestic market, due to electrical safety to ensure the Olympic Games, major coal power plants are fully complementary, also a record high domestic coal prices. Indian ore export tariffs imposed to finalize 15% of adverse Australia iron ore negotiations: Industry, said Australia is an important reason for price increase ore spot prices and long-term agreement is the price gap is too wide, while the spot price of lead ore from India, when India imposed tariffs in the post-ore prices, the differences between China and Australia will inevitably further increase Great, but not the final end of the year negotiations, which could lead to more variables. Government of India on May 30 decided to levy 15% iron ore export tariffs, the news will be announced in the coming days.
