subject: Steel, coke price increase, early start "09 self-help" - steel market, steel, iron and steel companies - steel industry [print this page] Steel, coke price increase, early start "09 self-help" - steel market, steel, iron and steel companies - steel industry
As expected pessimism on the economy, on Dec. 23, 24, China's stock market nosedive straight.
However, some domestic industries, are already ahead of 09 warm market, recently, some domestic steel enterprises and large parts of Shanxi coke enterprises are declared in January 2009 will be the product price increases.
As closely related, while the domestic economy, the absolute revelation to buck the trend suddenly announced two industry price increase, analysts believe that this shows that once over-pessimistic mentality of manufacturers, are beginning to resume.
Steel industry The early signs of rebound
A series of national policies conducive to the steel industry after the introduction of the long-troubled steel companies seem to find their own exports.
12 24 the correspondent learned that the news shows, Shanxi Haixin Group's four production lines in the recent resumption of production. "It was from 6000 to 7000 tons daily production." Haixin Group Sales Department Mr. Li said, compared with this time last year, despite the reduction in yield, but less than 15% reduction. In the end of October before the Haixin Group, only one of three iron works started production.
Has limited production, cut-off 30% of the long steel group, has also limited production stopped long steel group sales office, said all the steel mills are now long steel production has been restored.
Market sentiment recovered steel cut effect the release of the first to be perceived. In December the market began to change, as raw material prices decline, the gradual digestion and steel stocks, the recent resumption of production of steel prices also have profit margins. At the same time, as some dealers have begun hoarding goods, the recent spot market stocks have slightly increasing trend.
To industry sources, some steel mills have been ready to raise prices. Most of the products increases concentrated in the cold and hot top. Zhang Ping, senior analyst at the Joint of metal mesh that, mainly because of excessive pre-cold rolled deep down, a drop of more than construction steel, so late in the selective cut steel, the main focus in the cold and hot on top, for construction steel cut rate is low, and some enterprises have also increased the intensity of scheduling for steel construction.
's Confirmation to the long steel price increase limit, the long steel sales offices, said a worker surnamed Jin, who is the last day of each month for the billing cycle, as New Year's Day next year's pricing to be informed.
Harder to raise prices, but the source said a foregone conclusion, rising prices of the market volume does not have the final say.
Coke price increases self-help business Contrarian price increase is not just the iron and steel enterprises. December 24, Shanxi Coking Zhanggang Feng, Secretary General, said in January next year, the price of coke will rise.
Steel is a major user of coke, due to sluggish steel market, the price of coke in the middle of November once fell from 1200 to 1300 yuan / ton.
"After several limited production and the associated price of self-help, coke prices temporarily stabilized." Zhanggang Feng said. But the current coking coal car board from 1300 to 1500 yuan per tonne, coke industry is still running at a loss.
Zhang Gangfeng more optimistic about the warming of the steel market. Shanxi coke enterprises plan, before the first quarter of next year, Coke can take advantage of the steel industry rebound to run out of losses. "After the introduction of the national policy of expanding domestic demand, construction, railway construction will be a large part of driving steel demand, the coke industry will rebound in the next 34 months." Another uncertainty
also good news is that next year's coke export tax may be reduced from 40% to 25%.
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