"It may not be the real best price." the industry veteran Liu Changqing said in the face of falling steel prices,. At the end of November last year, China's steel prices was 2400 yuan per ton, but at the end of November this year, steel prices fell down 1550 yuan per ton, prices fell nearly $900 a year.www.starferrosilicon.com
The key signal regarded by the personage inside man is the China's steel production in the first three quarters in 2015 declined, this is almost the first time 30 years of China's steel production fell . Over the past decade, China's iron and steel industry high-speed development period, each year about 50 million tons's growth, equivalent to half of Japan's entire annual output.
Now, regardless of the producer or trader, they all feels the cold of the Chinese steel industry. Starting from the fourth quarter of 2011, steel business started to loss, theyt loss about 55.27 billion in the first three quarters of this year.Some large-scale enterprises is forced to close due to the capital chain problems.ferrosilicon
The average profit margin of Iron and steel industry is very low, enterprise financial cost keeps high with capital chain problems. In the first three quarters of this year, the growth rate of investment in China's steel industry is not only no growth, it has fallen by 13.6%. Metallurgical industry planning institute director li xinchuang thought, the iron and steel industry is a capital-intensive industries, and technology-intensive industries, if the industry doesn't even have technical renovation, simple maintenance, they surely will lead to big problem.
China's economy changed from high-speed growth to rapid growth in the past,this will inevitably bring great change to iron and steel industry. Especially the key is that China's economic structure is undergoing major changes, the third industry has contributed more than 50% of the economy. The experience of developed countries shows that a country tertiary industry's contribution to the economy is more than
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