China will soon launch restructuring of the steel industry policy objectives
National Development and Reform Commission, Deputy Secretary for economic operation in Shanghai recently, said Jia Yinsong, the State Council on Accelerating the restructuring industries with excess capacity after the notice of release, industry-specific adjustment policies and objectives will be launched soon. The current restructuring of the steel industry, the paper is countersigned by the process, will be formally announced soon.
Jia Yinsong At the recent Annual Conference in Shanghai, said steel mesh, to promote the restructuring of steel industry needs to grasp the principle is: the market mechanism-based, strict implementation of laws and regulations; adhere to discrimination, classification guidelines; focus on steady growth, to prevent the ups and downs ; attention to tackling the problem, the establishment of long-term mechanism.
According to reports, China's steel industry restructuring objectives are: to speed up eliminating backward production capacity, eliminate 100 million tons iron production capacity and 55 million tons and backward steel-making capacity and backward; strict control of new capacity in the steel industry; improve the iron and steel industry irrational situation.
Jia Yinsong, said the first quarter of this year, an increase of the national production of steel Despite the drop, but the level of average daily production of steel is still hitting new highs. According to statistics, 1 to 2 months, the country produced 59.63 million tons of steel, up output 8.57 million tons, up 16.8%, the growth rate down 6.2 percentage points. But the view from the level of average daily production of steel, still with a new high level from the current projections, this year's total annual output of steel will be close to 400 million tons.
In the first 2 months, the country produced 64.29 million tons of steel, up yield 11.29 million tons, up 21.3%; total exports of steel products 3.66 million tons, up 22.7%, net exports of 830,000 tons of steel, billets, 540,000 tons.
Iron ore imports in the first quarter of this year, there are some "unusual factors." 2 months ago total of 51.47 million tons of iron ore imports, an increase of 12.45 million tons, an increase of 31.9%. Jia Yinsong that, overall, this import "high", the "abnormal situation", many traders expected prices to go up, or mine for other incorrect estimates, ways to focus on imports of hoarding, which in a certain extent, an increase of iron ore contract price negotiations more difficult.
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