In the first half of this year,Our country economy running smoothly ,But due to many policies are also mulling or just open, so the stimulating effect of the steel industry also is not very obvious. Today's iron and steel industry to demand the release of desire, like a hungry night baby need breast moist. Demand outlook for the second half, we seem to be better, but in terms of export, seems to be still invisible pressure.
Throughout, after brewing in the first half, China's economy is finally just respond, according to the latest statistics show that in the first half of the gross domestic product growth of 7.4% year-on-year, the second quarter growth of 7.5%, slightly faster than a quarter of 0.1%. For consumption, investment and foreign trade this economy troika, in the first half of gross domestic product (GDP) growth contribution rate is 54.4%, 48.5% and 2.9%, respectively, thus it can be seen that the national economic structure adjustment is witnessing profound changes. However, the market for the first half of the economy isn't buying it.
Because while our country's economy has shown stabilized, however, fixed investment is not related to demand. Reported that although year-on-year growth of 17.3% in the name of fixed investment, but compared to the same period last year growth fell by 2.8%, including investment in infrastructure (excluding power) rose 25.1% year-on-year, a direct impact on construction steel demand of the national real estate development investment growth fell 6.2% year on year.
After the pain, the second half, will get better? We believe that the second half of the many opportunities, on the one hand, China's economy is slowly getting better, on the other hand, in the first half of the year, a lot of micro stimulus will be carried out in the second half of the year, thus brings to the market demand is also worth waiting for.
Known for other downstream industry, automobile industry is also in a slow recovery, according to the RGL association announced in June 2014 China auto production and sales, according to data in June 2014, auto production maintained a fast growth, compared to the sales growth will fall. The passenger car production and sales from slightly, significantly increased compared to the same; Commercial vehicle production and sales are in rapid decline in the sequential and compared with the same. Production stable growth in the first half of the cars, passenger car production and sales growth, commercial vehicle a slight decline. Overall, the car industry although do not have rallied, but can still maintain a certain growth compared to the same period last year, this is a kind of comfort.
But then again, in the export side, it seems that we will pressure. On the one hand, the export of friction is more and more serious, it is indisputable fact. On the other hand the opening of the price war, bring home a lot of pressure. Export data from June, June China finished steel exports fell for the first time in nearly three months, may decline in 1 million tons, mainly due to overseas buyers expect lower prices. China steel exports of 7.07 million tons in June, from last month fell 12.4%, but 33.6% higher than last year. However, data from the first half of this year, China's export finished steel 41.01 million tons, has increased by 33.6% year-on-year. At the same time China's imports of finished steel 7.25 million tons, compared with 6.83 million tons of imports increased by 6.1% last year.
In the second half of the European Union, along with the downstream steel industry to improve slowly, especially in automotive industry production increases obviously and improve the construction of the environment, which might be of steel on steel demand increase many, however, also true because of this, may be China's exports will face greater export competition, friction deepens, plus the European Union and China's exports in the second half, estimates of China's exports will optimism.
If you want to success, to really cold little book is not in 10 years, and the iron and steel industry to create the brilliance, waiting time is very critical. The summer of 2014, China's steel industry off-season not too weak, it seems to give everyone more expectations for the peak season, the second half of the iron and steel industry will let us find everything new and fresh? Wait and see.