Last night, the People's Bank of China decided to cut financial institutions RMB benchmark deposit and lending interest rates since July 6, 2012. The one-year benchmark deposit rate cut by 0.25 percentage points year benchmark lending interest rate cut by 0.31 percentage points.
 
Analysts pointed out that the interest rate cut of its focus is to overcome the world economic growth continued to moderate the adverse impact of China's economic development, such as iron and steel may become the beneficiaries of stable economic growth.
 
From yesterday's market performance statistics show that the Flush IFIND data yesterday, the steel plate as a whole fell by 2.26%, long Litas material, South Building, Fushun Special Steel, Panzhihua Steel Vanadium Titanium shares of Steel, Sha Steel, Xining Special Steel, Baotou Steel shares Chongqing Iron & Steel, Benxi Iron and Steel plate, Shandong Iron and Steel, Bayi Iron and Steel, three steel Min light and Hangzhou Iron and Steel shares of stocks decline surpassed 3 percent.
 
GF Securities believes that due to increased imports of ore and domestic ore supply, iron ore, the Hong Kong stock is maintained at a high level, with the late average daily crude steel production is expected to fall in iron ore prices, or fluctuations in the downlink. Consider no noticeable improvement in the case of high-cost, high inventory, market demand, the steel city vulnerable situation of short-term is difficult to reverse. Investment-led growth in demand will take some time, the contradiction between supply and demand of short-term die hard, steel prices will be weak shocks, optimistic about the industry segments, leading the company.
 
Changjiang Securities, that, although the industry fundamentals in steel prices continue to slow down and profitability of the second bottom stage, but the cycle has improved the profitability of the industry to improve the lack of flexibility the problem will continue to suppress the industry share price performance, at least-than-expected difficulty larger.



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