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China's steel industry, or will face four major challenges - steel, iron and steel industry, steel demand - steel industry by big tree
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China's steel industry, or will face four major challenges - steel, iron and steel industry, steel demand - steel industry by BIG TREE
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| Article Posted: 06/26/2010 |
| Article Views: 43 |
| Articles Written: 1033 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 556 |
| Article Votes: 0 |
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China's steel industry, or will face four major challenges - steel, iron and steel industry, steel demand - steel industry |
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Business,Business News,Business Opportunities
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Chinese steel industry can not be single in the environment of economic adjustment, in addition, from 2008's performance, the first half of the Chinese iron and steel enterprises have a very substantial monthly profit of large and medium steel companies more than 200 billion yuan in general, but in the second half effectiveness of rapid decline in October is the industry's first loss, loss of 5.8 billion medium-sized enterprises, a loss of 12.77 billion yuan in November.
Future Chinese steel industry will face four major challenges:
First, the domestic economy has not bottomed out, in a certain period of time in a downward adjustment of the state economy will continue. According to the IMF's latest forecast, global economic growth is likely in 2008 from 2007 of 5% to 3.7% in 2009, will have to continue down to 2.2%, well below the 3% of the IMF that the global economy into recession watershed. China's economy may be down to 2009, there were 8-8.5%.
Second, the global economic recession, steel demand has dropped significantly. According to research institutions predicted by global real estate, automotive and other manufacturing down the impact of global steel demand in 2009 may be reduced by 10%. China's steel production maintained after years of rapid growth, 2008 growth is slowing down, 2009, possible first time in years of negative growth. Synchronization of external demand and shrinking domestic demand, the huge Chinese steel production, the heavy pressure.
Third, scattered competitive situation. While Chinese steel enterprises mergers and acquisitions in recent years has been great progress, but the whole messy situation of iron and steel enterprises still no fundamental change. When the market demand is declining, while the number of steel enterprises and large-scale production remains the case, competition will inevitably become very intense, market volatility will also become very severe.
Fourth, the global commodity price crunch. Although China and the global economy will take a good future development of the fast lane, but in the shadow of the current economic crisis, most commodity prices, the difficulties facing the crunch. Recently developed and developing countries, countries CPI index decreased to varying degrees, China in November fell to 2.4% CPI increase, the future still continue to decline. From an international perspective, the current crude oil prices have dropped to 40 dollars / barrel, the future also continue to reduce the possibility of a long time when the international crude oil prices remain at a relatively low level, international commodity prices will be shrinkage, steel prices can not be high above.
2009 years, with large domestic and international macroeconomic uncertainty Fortunately, the world's governments have a clear understanding of the seriousness of the problem, and in strengthening Cooperation , A common response. The Chinese government has launched a timely manner 4 trillion a large stimulus package, the future may also introduce second stimulus package, these measures is definitely worth watching, in which large-scale infrastructure projects will become the steel industry survive the immediate plight of the most important protection. I am a professional editor from China Product, and my work is to promote a free online trade platform. http://www.himfr.com/ contain a great deal of information about laminated bag , plastic resealable bags welcome to visit!
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