china stainless steel plate price shock frequently in recent days

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15, the people's Bank of China issued the 2011 fourth quarter monetary policy report. The report points out, the steel industry is facing severe challenges, 2011 trade deficit expands, at the same time, the product structure of low grade, industrial organization structure is dispersive, backward production capacity is large in scale and structural contradictions are still prominent, industry in the development of resources, environment and other factors escalate. The following is the full text of the report:
The steel industry is the main base industry of national economy, in China's industrialization, urbanization process plays an important role in. " Eleven five" period of Chinese stainless steel industry the development of faster, energy-saving emission reduction achieved remarkable results, to effectively meet the needs of social and economic development. But also should see, the steel industry is facing severe challenges, 2011 trade deficit expands, at the same time, the product structure of low grade, industrial organization structure is dispersive, backward production capacity is large in scale and structural contradictions are still prominent, industry in the development of resources, environment and other factors escalate.
Production surplus contradiction. In 2010 China's crude steel output reached 6.27 tons, accounting for 44.3% of total output in the world, more than second to twentieth. In 2011, the iron and steel industry production appears after the former high-low situation, total output is begged for be more than the pattern has not fundamentally changed. The annual crude steel production was 6.8 tons, grow 8.9% compared to the same period; steel production was 8.8 tons, grow 12.3% compared to the same period. During the same period, black metal smelting and rolling processing industry investment in fixed assets grew by 14.6%, including the capacity has a relative excess of plate strip and other projects, the future product homogenization of competition risk may further increase.
Product price volatility. By the release of production capacity and downstream industry slowdown in demand factors, the steel market price fluctuations. The first three quarters of 2011, China Steel Industry Association released the composite steel price index rose year-on-year respectively 12.34%, 15.97% and 10.78%, and at the end of the year is a 6.11% year-on-year decline, which grows material price index fell 6.13%, plank price index fell 6.61%.
Raising the cost of production, enterprise benefit drops apparently. In 2011 the national average import iron ore price for 163.8 U.S. dollars / ton, up 28.1% from a year earlier, the iron and steel enterprises for the import prices of iron ore spending about $25000000000, to push the high production costs are important factors. 1-11, large and medium-sized iron and steel enterprises a total profit of 85300000000 yuan, an increase of 8.07%, but October and November average sales profit rate is respectively 0.48% and 0.43%, company loss area is more than 1/3 in November, excluding the investment income is to a net loss of 920000000 yuan.
The " 12th Five-Year Plan" is China's iron and steel industry change the development mode of the critical period, the industry appears generally low growth, low profit situation is directly reflected in the throes of transition. Iron and steel industry should turn challenges into opportunities, increase structural adjustment and upgrading of strength. A strict control of the expansion of production capacity, accelerate the elimination of backward production capacity to complete as soon as possible, the Ministry of industry and information technology proposed eliminated backward production capacity 48000000 tons of ironmaking and steelmaking backward production target of 48000000 tons. Two is to continue to promote mergers and restructuring, further enhance the industrial concentration degree. According to China Iron and Steel Association statistics, in 2011 China's steel industry concentration degree is only 49%. According to the" iron and steel industry" Five-Year " development plan" requirement, to 2015, the top 10 iron and Steel Group steel output occupies countrywide gross ratio shall be 2010 at the end of 48.6% to 60%. Three is to independent innovation and technological transformation as the support, improve product quality, expand high performance steel varieties, further promote energy-saving emission reduction