In the context of the global economic downturn, the main export capacity expansion in China's steel exports constraints are gradually revealed, exports accounted for the downward trend has formed.
Steel prices continued to fall this year, steel prices have fallen below the cost of many steel producers. The forward-looking network reporter learned, is still no clear signal of stabilized, leading to market panic is getting stronger, "the financial crisis of 2008 reproduction of" public opinion gradually increased.
Salzgitter, Germany's second-largest steel enterprises, has pointed out that the economic downturn has reduced demand for construction and manufacturing traditional buyers, In addition, due to the uncertainty caused by the sovereign debt crisis in the euro zone, the customers do not want to order . Last month, the world's largest steel enterprises Arcelor Mittal lowered its expected growth in global steel demand. Some steel makers even complain, due to a serious shortage of funds, has been forced to cut production and a substantial price reduction.
In the global steel industry into the arctic period, the Chinese seem to have become the last straw. Macquarie Securities analysts said in a research report, housing sales in China have been steadily recovering. At the same time, in order to stimulate economic growth, the Chinese government also increased the intensity of the approved infrastructure projects. Benefit from this steel city to pick up the hope falls on the Chinese market, industry forecasts that the time is next year.
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