For the automotive industry, perhaps, the entire automotive industry's demand for steel is accounted for only 6-7% of the demand for steel, the automotive industry, consumer rebound is simply difficult to drive the steel market to pick up. Yes, that was right, but when the country has a new policy coming automotive industry, the market mentality is still worth boosted, especially in the automotive steel prices, has emerged as an upturn.
According to the latest news in recent days, the person in charge of relevant departments of the Ministry of Industry said that a new round of auto stimulus already in the making process, and new policy will include the car to the countryside "TM" and other forms of subsidies targeted focus on select in the small-displacement cars, financial subsidies will be with reference to the practice in 2009, In ??addition, new energy auto production and consumption stimulus policy is also studying the development is expected along with the New Deal introduced.
Issued by the State after the vehicle after the subsidy policy, China's auto consumption has gradually stabilized, "TM" and other policies to stimulate car consumption can continue to reflect the new policy, then under continuous stimulation, the automotive industry expected to force the demand for steel may be the trend of expansion.
It is understood that in May 2012, automobile production and sales were 1.571 million, 1.607 million, an increase of 16.2%, 16.0%. Passenger car sales grew 21.6% and 22.6%; commercial vehicle sales fell 2.0% and 4.3%. May vehicle sales of passenger cars grew well, the heavy truck industry is still in the doldrums, the steady growth of the passenger car industry. From this set of data, in May, China's automobile production and sales looking up from the global automotive sales data, it is not so optimistic.
Recent years, the shadow of the euro zone crisis, the global automotive industry sales are slowing down a lot of pressure, Canada's Scotiabank Global Economic Research, recently pointed out in the report, the global automotive sales% annual rate of 3%, lower than the first quarter of 5%. May's preliminary report showed that car sales to slow further, we believe that the euro zone crisis has been re-enveloped the automotive industry. With the slowdown of the overall industry sales, people started to worry, this is a signal of market release to further declines in demand.
China's May auto sales figures are more optimistic, but from 1-4 months of data, the automotive industry is in the overall slowdown. Downstream demand for long-term is difficult to pick up, China's steel market has been in the off-season. From the latest inventory statistics: As of June 15, 2012, the country's 26 major markets five varieties of steel (rebar, wire rod, hot rolled coils, cold rolled coils and plate) Social inventory 15.438 million tons, down 6.1 million tons the previous week. View from sheet stock, sheet stock in China last week, signs of recovery, especially in cold rolled steel and plate, the increase in volume of over 10,000 t, respectively, compared with the previous week increased by 19,000 tons and 13,000 tons, hot rolled coils stocks also rebounded slightly from the previous week to 03,000 tons.
In these plates, hot rolled steel plate, cold rolled steel and coated sheet belong to the automotive steel, the rebound phenomenon in the plate market inventory, demand and downstream industries is difficult to expand the causal relationship between Some time ago in China has introduced a car allowance policy, but obviously, these incentives is still difficult to drive a full recovery of China's automotive industry. Order to stimulate consumption, the state is still possible to continue the introduction of the attack policy.
We know that from the global environment, the automotive industry at a systolic automotive industry is plenty of competition, lack of confidence in the consumer market, China's introduction of relevant policies to stimulate consumption, it is possible a larger boost market confidence, the confidence of this confidence is not just the automotive industry, including upstream of the car - the confidence of the steel industry.
Taken together, the current performance of China's car sales rebound or particularly strong, therefore, we have reason to believe that the state has introduced auto consumption policy to stimulate the domestic auto industry will usher in the warmer period, if the automobile industry in steel demand has expanded, then this sheet market in China, will be a great good news. Occupies an important proportion of hot-rolled steel, cold rolled steel and automotive steel sheet market, so once the downstream demand open, businesses are very much shipped sheet market inventory will also be expected to reduce.
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