国内钢价跌幅扩大 铁矿石价格创近5年新低
Tag Archives: iron and steel industry
Steel prices under pressure
Strong increase in steel inventory. Supply pressure increases and steel PMI index continues to decline.
downward pressure for steel prices deepens
Market price for steel products continues to decline.Downstream demand recovers more slowly then expected. Market prices at the end of the first month after the spring festival show weakness.
At the beginning of the month the funding pressure in the market increases, so currently downward pressure for steel price deepens.
IMF Primary Commodity Prices
The impact of slowing emerging market growth is being felt on commodity prices, particularly metals.
China’s steel industry in crisis
Major Problems of the industry: over-capacity, high competition, plunging profits and severe rise in levels of pollution.
Since 2005, China’s iron and steel industry has increased its capacity output by thirty million tons. However, only one fifth of the new equipment constructed since then has been inspected and approved.