Such as railway construction, the protection of housing construction and other such large projects, large projects, capital works down the lifeline of capital whether the place is directly related to the speed of the project process. Once upon a time, a lot of return to work of the railway construction and 18 million sets of protection housing construction is expected to be lifted for the steel industry. Originally thought by virtue of these projects in boosting the demand for steel, the steel market will enter the red-hot sales, from the present situation, however, it seems counterproductive, because the funds distress, whether it is railway, or the protection of housing, these projects demand for steel are always difficult to release, temporarily dashed the expectations of the steel trade.
Recently, according to latest news, the commuting time of the Beijing-Shijiazhuang, Shek Wu passenger line and other key national railway construction project has been postponed from last year to the end of this year. Railway passenger line from Beijing to Shenyang, in addition to the Beijing section of the EIA has not been carried out, and other preliminary work has been basically completed, but the lay-off project is still no work. In addition, the into expensive Railway, Chongqing and Guizhou Railway expansion and other six rail projects already completed the approval process, but so far no substantive started construction. Section of the railway project was delayed progress, can not help but once again the railway project and funding issues implicated in up, it is because of funding problems stagnation, that can be imagined, the "four vertical and four horizontal" passenger dedicated line like this. other railway construction project funds must be more serious.
We know that lack of funds, it is always the most prominent problem in the railway construction. According to publicly available information, the 2011 Hebei Province, railway construction investment plan by 60 billion yuan compressed to 30 billion yuan this year alone, arrange to invest 22.1 billion yuan. According to informed sources, Hebei has started railway projects need to raise 30 billion yuan, plus ready to start the project, but a total funding needs of over 50 billion yuan. When the local government financing platform to clean up after the abolition of the financing measures, nearly half of the construction funds pending.
Remember that a large number of time, China's railway project in April to return to work, Minister of Railways Sheng Guangzu in railway construction work conference that this year more than 4000 billion yuan of funds for construction has been basically were available. However, the railway construction now Zaibao due to shortage of funds due time, it really is disappointing.
Although some people say, once part of a railway project delayed because of design changes, an increase of the budget for the project, but, I believe that a long time, the difficult problem of financing of railway construction, does not address the over design changes, but more layer to this extent, the most important factor or rail construction financing long-term backlog problem. Moreover, with the duration of the project of railway construction delays, raw materials, labor fees, costs continued to rise, eventually leading to the whole project seriously over budget, thus affecting the completion of the entire railway construction investment plans. Worse is that, recently, the State Council, expressly provides that local governments can not issue local government bonds, it seems, the future financing of the railway construction, or even more severe.
Railway construction, we all know, is an important downstream industries of iron and steel industry, generally speaking, the railway construction project on the steel the basic needs should be more than six months after the process of pushing the time of the demand for steel will be delayed, it is estimated that this will be the mentality of the business caused by a blow to weakened the possibility of steel demand recovery.
For the downstream sector of the steel market, not just railway projects have funding problems, the people most concerned about the protection of housing construction is also the existence of such problems. Recently, according to the National Director of Audit Liu Jiayi in the 2011 audit report that, in some areas there is still protection of housing construction funding is not in place, review and exit mechanism is not perfect, and other issues. In addition, the recent news that the audit focused on 66 cities and counties, 36 less extract or less arrange affordable housing projects and capital of 5.314 billion yuan (equivalent to extract or arrangement of 14%), 11 implementation of the matching funds of 612 million yuan. Is no wonder that the process of protection of housing construction is difficult to speed up, no wonder the protection of housing demand, "nominal" This is the most critical financial or place, or misappropriation of, you say how the protection of housing demand will force it?
Comprehensive point of view, because of funding problems, railways and other infrastructure projects and the protection of housing projects can not speed up the process, the demand for steel is difficult to quickly force, but present in the high temperature and rainfall Steel City off-season, always keep up with demand for capacity, it is expected that the latter part of the domestic steel prices will continue to weaken
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