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Policy to stimulate the early results returning to Steel City, profit good boost

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 home appliance industry are basically dependent



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