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One, the biggest reason is price adjusted itself "up too far" Recent times, China's steel prices have downward adjustment. Lange Iron and Steel net market monitoring shows: Aug. 14, long steel sheet of the national average price of 5,157 yuan, (8.10-8.14) fell 475 yuan within a week, down 8.4% over the previous week. Chinese steel price adjustment caused by many factors. Such as the release of its huge production capacity, appropriate adjustment of the national macro policy, the world economic recovery, uncertainty and difficulty, and highlights the more speculative hoarding. Among these factors, the most important factor is early prices are too fast for excessive gains, some foam overflow. Such short period of two to three months time, frequently in the prices, driven up steel market price rose 1,000 tonnes? 2,000 yuan, or more than 3 percent. This makes the price had to be adjusted downward its objective requirements, in order to achieve macroeconomic and downstream industries and the development of harmony. The state's moderate fine-tuning of monetary policy, but the price adjustment by the use of the "subjects" only. Therefore, the elimination of excess premium foam, to avoid too "aggressive", is the recent steel price decline stage the biggest reason. Second stage falling steel prices is not a problem with demand With a view to the recent downward adjustment in steel prices, attributed to lack of market demand, and even that this year China's steel exports fell sharply, so total demand is also lower than the 2008 level. This is not comprehensive. Statistics show that although China's steel exports in 2009 showed a greater decrease in the level of the preliminary estimates the annual export is about 20 million tons, less than the nearly 40 million tons in 2008. However, in Q4 2008 in China after 4 trillion other measures introduced to stimulate demand and gradually release effect, making China's domestic steel consumption increased significantly, not only to fully compensate for the weakening export demand gap, but also surplus, resulting in the total demand more growth. China's domestic consumption of steel products from several major economic indicators: 1. Fixed-asset investment have been strong This one? July total, China's urban fixed asset investment 9.5392 trillion yuan, up 32.9% over the same period the previous year. Including investment in new projects increased by 1 percent. If you take into account the year 2009, a substantial decline in investment goods prices, especially steel prices decline about 3 percent, investment in fixed assets than the actual amount of steel consumed by the increase in investment show much greater. 2. Car sales "bullish" According to the National Bureau of Statistics data, in the first 7 months, the national output of 7.314 million vehicles, up 20.7%, the monthly growth rate continued to increase, China has temporarily become the world's largest automobile market. Other agricultural Machinery , Engineering machinery also increased significantly. 3. Shipbuilding grew rapidly Into 2009, China Shipbuilding substantial growth remains unchanged, increase their orders. According to statistics, 1? July total, the national civil steel ship production 21.89 million dwt, an increase of 20.7% year on year. In particular, more rapid growth momentum in recent months, including July output 7.31 million deadweight tons, an increase of the level to reach 62.4%. Furthermore, the consumption of the first half of other Chinese steel products, such as industrial boilers, household appliances, also maintained a certain level of growth. Especially noteworthy is that even steel exports also rose ring for months, in July the situation once again showed a net exporter of crude steel, showing the trend of exports bottoming out. All these have led to this year's strong growth in domestic steel demand situation, significantly exceeded the level in 2008. The e-commerce company in China offers quality products such as solar inverters , car inverter Manufacturer, and more. For more , please visit micro inverters today!
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