According to the latest news, in support of national policy, investment in railways quietly. Released by the Ministry of Railways on July 30, 2012 railway construction bonds prospectus disclosed that in 2012 the total size of railway fixed assets investment plan of 580 billion yuan, of which the capital investment of 470 billion yuan, the railway infrastructure increase in investment of 64 billion yuan.
Railway construction when railway construction in the case of policy heater had people doubt once again make people feel a way out, so railway construction in the most critical financial issues effectively addressed, then the normal construction of the railway construction in the second half started, then as iron and steel industry steel large will be driven by the needs of the Steel City. Finally refreshing cool feel in this hot summer, so the confidence of the Steel City is also expected to boost, but the actual good may be limited.
This year the market has been rumors that the Ministry of Railways will be policy "license", the size of its bond financing will continue to rise. This year, the Ministry of Railways, the cumulative bond financing will reach 115 billion yuan. In multi-channel financing of railway construction funds, the NDRC has encouraged local governments to "inter-city rail + property development" model to attract private capital, including enterprises, involved in or controlling inter-city railway construction. The recommendations of the Ministry of Railways according to the adjustment of the layout of the railway hub, some relatively idle lines, land and other assets, and quickly to the realization of assets, stock-for-increment and other ways to raise funds for construction of specific programs, and will no doubt ease the railway infrastructure tensions of funds to bring good.
For the steel industry, the major projects is always it needs support, especially in railway construction and other major infrastructure projects. Now the steel market, the downstream demand is extremely weak. Before transfer to the railway construction into financial difficulties, I had also to worry about post-Steel City needs to change or why the recovery. To the current state of the repeated orders on building large steel demand in the real estate industry, made it clear that does not relax; the downward pressure of the economic environment this year, automotive, electronics, shipbuilding, and manufacturing and so less improvement in downstream demand urgent need to recover in order to save the Steel City.
The analyst pointed out, money is the soul of any one industry and lubricants, each project, as long as the funds become available, then the project process will be speeded up, ordered the release of the demand for steel will. Today, the Ministry of Railways tender system bonds issued by the People's Bank of China on August 1 to issue 27 billion yuan in 2012, the third of China's railway construction bonds. But whether it can do so to raise sufficient funds, is still the major obstacles of the railway construction in the second half, we demand the release of the late steel still cautious.
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