Seen recently in the major industrial assignment "midterm results are less than ideal, and stressed that the steel industry has entered the arctic period. Indeed, steel prices stumble over the loss of steel prices continue to expand, said that the arctic is not an exaggeration. Those in the industry believe that the major downstream steel industry downturn, steel prices difficult to the rise of a major culprit. Implicated in many upstream and downstream industries, the railway has also become an important force for steady growth, Throughout the railway construction is once again caught the predicament of the funds, the investment and construction in the second half of the recovery remains within the foreseeable future, the downstream demand in the steel city is eclipsed.
The latest data published in the first half of this year, the railway fixed assets investment of 177.751 billion yuan, a decrease of 100.365 billion yuan, down 36.1 percent over the same period last year; the beginning of the year, the Ministry of Railways to develop railway investment this year building program of 406 billion infrastructure investment intraday, 121.55 billion yuan of bank loans, the amount of bond issuance funding for an initial 100 billion yuan, the Ministry of Railways, issue bonds, however, reached 88 billion yuan. From the Ministry of Railways, developed at the beginning of rail investment program, fixed assets investment of 516 billion yuan, of which 406 billion yuan of investment in infrastructure, that is, the first half of the Ministry of Railways investment in fixed assets and infrastructure investments are completed only the beginning of the year three about one.
2012 been in the Bureau of bond issuance amount already spent more than half, and the Ministry of Railways investment in fixed assets and infrastructure investments are completed only about one-third of the beginning of the year, then in the next six months, the Ministry of Railways how to get funding to complete the second half of nearly two-thirds of the investment plan? in the the Zhijun period is through bank loans and issue bonds to raise funds for construction, major commercial banks taking into account the debt ratio over 60% of the Ministry of Railways, and worrying the profitability of its high-speed rail assets, are cautious about lending to the Ministry of Railways. Such a view, high debt and financing difficulties have become a bottleneck restricting the development of the railway.
For the steel industry, the major projects is always it needs support, if not the support of these pillar industries, the current steel market demand is also possible to understand the arctic state. Railway construction into a financial predicament, as the steady growth of an important force, but also as a major railway construction of the steel industry, demand for downstream steel how to afford to carry the burden of it. Downstream steel demand have to wait until when we can effectively released?
Originally the railway construction can greatly stimulate the demand for rail steel. According to early estimates slightly, railway investment of 100 million consumed 0.32 tons of steel, railway infrastructure this year to invest 406 billion yuan railway construction in the amount of steel will be more than 12.76 million tons, while in the high-speed rail construction, such as stations, tunnels, bridges and other civil The project consumed more than rebar, wire rod and other construction steel, basic accounting for 60% of the overall the amount of steel. In other words, according to data projections, this year should have been can be driven about 7.66 million tons of steel, wire and other needs, then look at the social stock of the 13 wire social inventory of 1,510,900 tons; rebar 6.3595 million tons, basically the consumption of building materials and steel stocks.
Complete the third rail investment in fixed assets and infrastructure investment in the first half of this year, however, only almost consumes less than one-third of construction steel, coupled with the large real estate industry of building materials steel suffered multiple suppressed, has been in the doldrums for a long time. So lack of demand for the release of, steel mills continue to be high yield, inventory reluctantly picked up the contradiction between supply and demand increasing, Steel City stumble endlessly so.
Next, the Ministry of Railways to face a huge funding gap, to rely on loans to the "main" is the first country for acts of policy banks. Claimed before the Ministry of Railways hope to attract private investment to promote the development of railway construction, just fiery Can private capital into railway construction, the hope remained slim. Investment in railways in the second half if you want to continue to force completion of the plan must require the continued support from senior to get the incredible efforts of the Development and Reform Commission and the banking sector.
The current economic downward pressure to increase investment in railway construction can also be seen as an important measure to expand domestic demand and respond to the economic downward pressure, I do not know Can slow the status of the railway construction is expected to improve, but the railway construction financing is still re far from any of the Road . If investment in railways construction remained sluggish in terms of the steel industry, demand, or will remain difficult is able to recover
Other News:
Railway construction trap the steel city of the financial predicament of the dow
NTN Bearing oil heating method
Chinese imports to the United States and South Korea polysilicon launched a crim
Rio Tinto production of 120 million tons of iron ore production creators over th
Rio Tinto production of 120 million tons of iron ore production creators over th
Bernanke Congress testimony did not express QE3 financial cliff risk
BHP Billiton iron ore production for 12 consecutive years of innovation
Downturn in international demand for iron ore mining companies are still adverse
