The steel market for government macro-control policies quite sensitive
Time: 2010-05-20 11:36:29 | source: pipe 123
On May 11, published by the national bureau of statistics, statistical data to domestic steel industry "excess capacity, high" old stock again be exposed.
April 5540.3 tons of crude steel production in China, 27 percent year-on-year. Nissan crude steel 184.68 tons, a record. 1-4 months crude steel production 2.14 billion tons, 25.4% growth. According to the speed, the annual output of 6.3 million will exceed.
Domestic steel mega-destroyer at the same time, the price of steel production is a continuous retreat into the downlink channels. If the May 1st market to 50 yuan/ton, 100 yuan/ton reduction is exploratory behavior of amplitude, after this, steel continued down becomes great probability events.
The steel market for government macro-control policies quite sensitive. April, the government introduced called "the most severe" real estate market, steel macro-control over a two-month prices up. And in early may, the government monetary policy adjustments made two GangShi worse. On May 2, 2008 is a one-time announced to raise deposit reserve rate 0.5 percentage point, which is close to the recent record 17%, Another was announced on May 6, issued 11 billion yuan 3 10-year benchmark.
Steel companies have made for these bad factors. May 10, baosteel June price policy for five months. This is the price has been interpreted is good news ". On May 11th, the largest architectural steel production enterprise of shagang issued mid-may product price policy, architectural steel rebar price cut across, cut 300 yuan/ton, the biggest drop reach 6%. This is the GangShi since mid-april adjust biggest drop.
Steel industry is analyzed, and the only thinks the agency is adjusted officially began, there will be a sustained drop stage.
Iron ore pricing mechanism has a significant change, quarterly pricing has become a reality. According to the new pricing mechanism, 3-5 months spot iron ore prices has already become the important reference. I think WangJianHua analysts steel nets, from the current situation of the stock price, ore accounted ore price rises to 20% or more not impossible, iron ore prices to reflect on the price, but also to the escalating.
Steel enterprises in pushing up the price of steel materials "the price" old tricks has not feasible. Obviously, recent government macro-control policy won't change easily, so, steel industry expected steel prices only rely on "the nature of the relationship between supply and demand of the path.
XiBen Shinkansen monitoring data show that although may still is the traditional steel demand season, but there was no prosperous ", "season of real demand, the weak continues.
I steel nets May 10, the analysis report released today, he needs to see apparent sign of growth, steel, some cities in inventory stock in increasing social. Even reduce inventory, but limited range.
Cost pressure, demand, bad macroeconomic regulation and control policy has, in the triple pressure, steel, but still in profit margins will be less. From the perspective of industry, only the steel production enterprise again use "reduction of registered" in this way can reduce supplies of market rallied. WangJianHua said in a report says, "for steel production, we do not want moderation in multiple factors future steel price fell under the influence of superposition of 20% or more."