Said the beautiful get to go through a transformation process, the domestic steel industry struggling in a weak state for so long, the end of this process means that the steel industry was about to be transformed after beautiful it? I can only say, I hope so. In recent months, subject to the foreign bad as well as weak demand and other factors, the domestic steel market burdened with the weight of running steel businesses inadvertently Tan City. Fortunately, the national policy to stimulate the downstream industry finally beginning of the current effectiveness of the appliance industry sales decline narrowed as if to allow businesses to see hope, returning to the Steel City to get a little positive boost.
According to monitoring data, 18 close, the Beijing market two river steel Lo price of 3880 yuan / ton, down 20 yuan / ton, compared to the previous day; market transit two big spiral of 3720-3810 yuan / ton, compared with unchanged from the previous day; Shanghai market hot rolled closing price of 3930 yuan / ton, down 20 yuan / ton, compared with the previous day, the Tianjin market and hot rolled to the closing price is 3770-3780 yuan / ton, down 30 yuan over the previous 1 / ton. The domestic steel market, as always, continued declines in steel prices broadly lower market pessimism is hard to cut.
However, the good news is that the Commerce Department before a regular press conference held in Beijing, briefed the meeting on the first half of 2012 our business operation. According to reports, the first half of the country to achieve total retail sales of 9.8222 trillion yuan, an increase of 14.4 percent, real growth of 11.2 percent after deducting price factors, slowed down by 2.4 and 0.4 percentage points respectively over the same period last year. At the same time, the Commerce Department monitoring data also show that, with the subsidy policy implementation of energy-saving appliances, home appliance sales decline narrowed, and home appliance sales fell 1.8 percent in June, the decline narrowed by 4.9 percentage points compared to May. In the national policy to stimulate the downstream industry finally has a little improvement, even though the appliance industry sales are still down, but at least the decline has narrowed for the appliance industry has been a good signs.
In recent years, China's household appliances are basically dependent policy to survive. The introduction of the policy, the home appliance industry ushered in the peak of the exit of the policy, the home appliance industry slump, unless the re-introduction of the new policy, otherwise can not wake up. China's home appliance industry sales continue to fall in the first half of this year, the business is very panic. You know, this is a weak industry, real estate, automotive weaker, after this point, the downstream sector of the steel industry is almost completely annihilated. Until the home appliance industry, the new subsidy policy introduced this year, the pessimistic attitude of the merchants who have dominated in the formal implementation of the subsidy policy, the appliance industry has finally picked up slightly the steel industry can be said that a good beginning.
In addition to the appliance industry, recently the Ministry of Railways on the re-adjustment in 2012 of railway infrastructure investment plan, the steel trade are lifted. Although the railways there are more projects are still in a state of lack of capital, some of the projects and even forced to shut down, but the new plan has been 411.3 billion yuan tone of the original plan of the railway infrastructure investment increased to 448.3 billion yuan, the new the whole 37 billion yuan increase, regardless of whether these resources are already in place, at least the country has in this regard to make the instructions in the current economic pressure, and increase investment in railway construction was seen as an important measure to expand domestic demand and respond to the economic downward pressure on , the railway will become an important force for steady growth, the attention of the country may make a slow railway construction status quo to be changed.
There is funding As of Tuesday, the central bank has the fourth consecutive week reverse repo operations, although the size is only 20 billion yuan, but the reverse repurchase due yesterday has reached 155 billion yuan, capital as a whole presents a brief tightening of the state of affairs. We know, the 2012 economic downturn caused by the lack of demand, lack of demand and prices continued to rise in power is no longer a "ghost" of deflation once again to reproduce, although the central bank has been the way of reverse repurchase to supplement short-term liquidity, but after the central bank's monetary policy attitude is clear, the reverse repo is the second best option, you can delay the time point reduction, but the drop must have a general trend, at the end of the reverse repurchase operations, it is estimated that the central bank will announce drop accurate, a large number of funds will be released to the market for the steel industry may well be a good news.
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