Board logo

subject: Inventory 2009: The Chinese Steel Industry's Achievements And Thinking [print this page]


"Economy": in 2009 the development of China's steel industry the most difficult year, the international financial crisis, the traditional advantages of slowing production. However, the efforts of colleagues in the national iron and steel, the steel industry repeats similar success. Please tell us, what are China's steel industry development highlights?

Luo: 2009, China's steel industry development repeats similar success. I think that the success of the main highlights are four major changes and a significant improvement. First of all, by the decline in steel production to grow steadily. By the international financial crisis, 8 December 2008, the country produced 192.196 million tons of crude steel, less than the same period last year nearly 21 million tons, down 9.73%; in 2009 567,842,400 tons of crude steel producing country, than the previous year 6753.09 million tons, up 13.5%, China's domestic market, domestic steel products to meet the rate of 97.43%, reversing the decline in crude steel production of the situation, to achieve steady growth in total crude steel production.

Second, the strong support of the national response to the crisis of the package plans. With figures, 8 December 2008 (the largest international financial crisis for some time) and apparent crude steel consumption in the domestic market (measured in the domestic market the concept of total demand) fell by 12.34%, in 2009 the country driven by the package, especially the significant increase in fixed asset investment, the domestic market, the apparent consumption of crude steel increased by 24.8% compared to the previous year. Bureau of Statistics data show that in 2009 the national total fixed assets investment 22.48 trillion the previous year increased by 5.2 trillion of fixed assets, an increase of 30.1%. Total, incremental, increase investment and create a new high in 2009, China's GDP up 8.7%, of which investment in fixed assets increased 8 percent driven contribution rate of 92.3%. Increase in investment in fixed assets formation of iron and steel, steel huge market demand, the domestic market in 2009 564.97 million tons of crude steel apparent consumption over the previous year increased by 112.29 million tons, an increase of 24.8%, showing that China's iron and steel industry in the country Driven by the policy, demand substantial growth, while stimulating the development of iron and steel industry, on the other hand shows the development of iron and steel industry to implement the package, to achieve GDP growth of 8.9% guarantee of making a significant contribution to national economic development.

Again, China's exports and imports of steel products offset by net imports into the second half of the first half of net exports. 2009, shrinking international market demand, the steel industry exports 24,596,500 tons of steel, billet 43,200 tons, equivalent to 26,209,600 tons of crude steel exports, a decrease of 38,036,900 tons, down 59.2%; the other hand, subject to exchange rate changes, 2009, 17.632 million tons of steel imports, steel billet 4.585 million tons, equivalent to 23,342,500 tons of crude steel imports more than last year 6,727,600 tons, up 40.49 percent. 1 July 2009, total net imports of 1,853,700 tons, 8 ~ 12 months cumulative net exports 4,720,800 tons, the annual calculation of net exports of 2,867,100 tons of crude steel.

Inventory 2009: The Chinese Steel Industry's Achievements And Thinking

By: ryyy




welcome to loan (http://www.yloan.com/) Powered by Discuz! 5.5.0