September 17 Market Analysis of Metallurgical Industry – Iron and Steel Industry
An even more frenzied than last year in the second half is the Chinese steel market crash market staged, which makes a number of industry experts early this year will not be skyrocketing steel market crash market forecasts were destroyed. Since mid-
8, both the domestic iron and steel market or have suffered a fall market, the decline is much higher than the same period last year.
9 9, the way domestic steel futures opened higher, breaking nearly 4,000 yuan. Lange steel market electronic trading across the board gains across the board, and even southern cities such as Shanghai and Hangzhou, the spot market prices rose slightly. However, the main city in northern Beijing market as construction steel prices fell sharply to a maximum decrease to 350 yuan.
"Collective price increase when rising, falling collective price reduction." It is steel producers and steel futures markets made it difficult for the clear only with time to market is not so long Rebar Futures trading a star species, and a "surge two months without correction, crash Halfmoon no bounce" the strange trend.
However, this conspiracy of silence seems to rapidly changing market in the near future under the divided. From the weekend until yesterday (15), some parts of the country, emerging one after another up the factory steel producers offer. This is obviously time to nearly a half months, the national steel mills cut prices almost overwhelming there is a clear difference.
11 this month, Obama said the United States imports from China of all cars and light truck tires 3-year levy punitive tariffs, where the tariff rate to 35% the first year, 2 to 30 years %, 3 years was 25%. Chinese Ministry of Commerce of the United States to take this seriously then trade protectionism expressed strong dissatisfaction and resolute opposition, on the one hand that the chicken imports from the United States and some automotive products anti-dumping, countervailing file for examination procedures; the other hand, China has the case on the U.S. safeguard measures tire start WTO dispute settlement procedures.
This is the summer of 2009, Taiyuan, Shanxi Province will from time to time five-star hotel lobby where you can hear the dialogue. Dialogue by key is strong in Shanxi coal bosses. They would say, "that" is in 2009, "an atmosphere of" integration crisis of Shanxi Coal.
"Summer Falling Star, September granted clothing", this is the harvest season, coal bosses have welcomed the resignation of "the people back into the country" situation. If you must use one word to describe the current state of mind of Shanxi coal bosses, that is, "Coal War."
Beijing on September 16 evening news, according to foreign media reports today, the world's biggest mining group BHP Billiton (BHPBilliton) predicted that global steel demand will double in the next 15 years, and the economy in 2010 will also be developed following the resumption of economic growth in China.
BHP Billiton president of marketing Shi Tao Mi (TomSchutte) Wednesday said the process of China's economic recovery was stronger than previously expected, and almost no sign of growth momentum to a halt. BHP Billiton China is the most important customers, in its 2008-2009 year of 50.2 billion U.S. dollars accounted for 20% of the sales ratio.
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