Ore price, steel price tend to boost by news of the surface.
Recently, the national development and reform commission to speed up the project examination and approval, and this round of examination and approval key areas focus on transportation, energy, water conservancy and chemical engineering fields is a hot topic. Project examination and approval of a new round of economic speed cause the exciting guess, although investment growth is difficult to big ascension, and says this round of stimulus never is similar to "08 years of the 4 trillion" plan scale, and this round of project investment capital source doubts, whatever the dispute, the good news is that a face stimulation, suppress the long steel price in recent days have raised action, and then the influence is is speeding up the falling ore began to stabilising picks up, and some areas increase purchasing power, fill in library.
Steel price just a little improvement, CVRD and Goldman sachs is both claims for iron ore prices rebounded full of confidence--
CVRD iron ore and strategy department supervisor Jose Carlos Martins say, iron ore price index has recently from early April us $150 / mt fell to $132 / tons, but the price should keep in the medium and long term, $120-180 tons between. The company investment relations department director Viktor Moszkowicz said, despite the decline in demand for China, but for China's iron ore delivery is still possible, don't worry about the problems existing order, the continued to sell the company can production quantity. He still believes, China's iron ore demand is strong.
Analysts also expected, China's iron ore prices will recover, the second half of this year the spot price will rise to about $150 / ton. Chinese demand will turn in the second half of strong, is now in the digestion of inventory.
No matter how optimistic forecast ore traders, China's steel enterprises now losses and small profit situation more DaoBi steel burden buyers are careful buy ore, will still be multi-set operation, precise control burden procurement costs, and no one willing to increase their steel factory in ore stock take fund costs. For the domestic steel price, although be good news has boosted the surface once, but the truth to steel price rise, or need steel self adjusting the output. After all, the steel industry production capacity and the ratio of the steel demand more than necessary to maintain market competition of the limit.
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