Iron and steel industry, the situation is difficult to predict future credit mag

Industries with excess capacity on the pace of adjustment, is speed.

1 21, the State Council executive meeting of the deployment to strengthen the work of elimination of backward production capacity, steel, electricity and coal industries, proposed strict market access and land "gate", and plans to play a different price, resource Price reform the pricing mechanism, and improve production enterprises and projects behind the comprehensive cost, and thus the effect of high consumption, high emission products market.

In fact, by the end of 2009 and early 2010, the State Council has held two special studies on the elimination of backward meetings can be quite rare. Steel, wearing a "surplus" hat industry is facing unprecedented pressure.

And a real visible hand has been falling. Out of the domestic steel stocks continued to rise, and the steel industry overcapacity concerns, the banking industry will gradually tighten the steel companies issuing credit.

"In fact, environmental regulation, etc., then, as has been done for many years now, we can now basic compliance. Now, our greatest fear, or to tighten the money supply." January 22, Hebei, a private steel mill the responsible person, told reporters.

Credit "inhibition" "Iron and steel industries with excess capacity that we already have a clear line of paper, asked the loans." Recently, a large state-owned bank in charge told this reporter, "In fact, since last year, there different documents that we take measures to improve risk awareness. "

According to media reports, January 6, the CBRC issued documents, suggesting that banks focus on iron and steel enterprise credit risk, and called on the steel industry to conduct operations thoroughly investigated, and in conjunction with NDRC, the Ministry of Industry, the Steel Association specially convened meetings and other departments.

The previous December 23, 2009, Bank of China, China Banking Regulatory Commission, Securities Regulatory Commission, China Insurance Regulatory Commission have jointly issued a document calling for iron and steel, including the six industries with excess capacity and strict review and approval of loans.

Intensive risk warning behind, both on speculation the central bank to tighten liquidity, the steel industry is excess capacity, inventory superimposed worries.

Steel industry advisory body mysteel statistics: As of January 14, 2010, major cities in the social stock amounted to 12.456 million tons of steel, up 100.8%, growth of 7.6%. Mainstream varieties of steel stocks showed Rebar 4,450,000 tons, up 170%; Hot-rolled coil 3.95 million tons, up 178%; wire 1.12 million tons, up 83%; cold-rolled 886,000 tons, up 25%; the board 1.21 million tons, up 16%.

Crazy behind the numbers, is the structural steel inventory risks are accumulated.

The person in charge of state-owned banks, said the reporter: "iron and steel industry, the excess capacity can be said that a well-known. But with the changes in the situation, now, I feel the policy is getting tight."

"Category" control 1 22, a state-owned steel enterprises in East China's management told journalists: "At present we do not feel any signs of credit tightening, but since the latter half of last year, the bank's operating efficiency is still very much steel concerned, communication is also very close. "

Head of the state-owned banks are also said to this reporter: "Even in industries with excess production capacity, we can not across the board. I understand, from the banking sector, the gradual tightening of credit, not for big business, but for small enterprises to tighten. "However,

I am a professional writer from Mp3 Player Manufacturers, which contains a great deal of information about infrared door chime , battery operated doorbell, welcome to visit!

Processing your request, Please wait....

Leave a Reply