The Ministry expects four quarter steel prices will remain at high levels



In November 14th, according to data released by the Ministry of industry and information technology, as the supply side structural reform, the first three quarters of 2018, the steel industry was the overall operation continues to improve the development trend.
The Ministry of information industry and the relevant responsible person said, the first 9 months of China’s iron and steel and steel production was 5.8 tons, 7 tons and 8.2 tons, an increase of 1.2%, 6.1% and 7.2%. China’s steel production is expected in 2018 will reach 9 tons; the first three quarters of the composite steel price index averaged 116.3 points, an increase of 11.9%, the price of steel is relatively high. Is expected in the fourth quarter of this year to early next year, steel prices will remain high, but in the long term, steel prices trend is not sustainable.
At the same time, on the same day, the National Bureau of statistics released data show that in October, above scale industrial raw coal production growth accelerated, crude oil production, natural gas, electric power production stable, energy production is generally stable. Among them, the output of raw coal 3.1 tons, an increase of 8%; production of 16 million 90 thousand tons of crude oil, an increase of 0.3%; crude oil processing capacity of 52 million 780 thousand tons, an increase of 4.6%; 13 billion 400 million cubic meters of natural gas production, an increase of 7.5%; 533 billion kwh of electricity, an increase of 4.8%.
In this regard, the State Statistical Bureau spokesman Liu Aihua said that this year for the 3 big battle of environmental management, pollution prevention and control, the central government issued a series of policies and measures, reflected from the data perspective is the. For example, 10 in high energy consuming industries added value increased 6.9%, 0.8 percentage points lower than the 9 month; 6.4% growth in the first 10 months, inhibition of environmental policy on high energy consuming industry more obvious. From the specific product yield can also see that the steel and cement in the low level of growth, so the overall environmental policy governance effect is more obvious.
China Center for international economic exchanges, economic research department deputy researcher Liu Xiangdong yesterday to accept the “Securities Daily” reporter the interview said that at present, October above scale industrial raw coal and crude oil production growth accelerated, the consumption of raw materials, and the recent acceleration of investment in infrastructure, and the capacity to steadily push forward the relevant policy.
“In the next two years, iron and steel, coal industry supply side structural reforms will focus on structural optimization, which is to enhance the steel and coal industry industry concentration and achieve quality and efficiency, blind expansion behavior of the basic pre stimulus digestion caused by the production behavior of the future enterprise more rational and efficient.” Liu Xiangdong said.
Liu Xiangdong said, to the production process, the main obstacle is to beware of rebirth, this requires the establishment of long-term mechanism to prevent excess production enterprises, by establishing environmental standards and make full use of market mechanisms to achieve self clearing, minimize the use of administrative intervention by means of pressure output pressure to achieve the production target.

Post time: Nov-20-2018
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