On March 16, chaired a meeting of the national development and reform commission to capacity, deleveraging, cost reduction work inter-ministerial joint conference plenary meeting, director of the national development and reform commission, the joint inter-ministerial meeting convener he lifeng to attend the meeting and speech.
The meeting pointed out that the recent rise in steel prices is mainly affected by iron and steel production capacity to achieve positive results, iron ore prices lead to steel production costs and market expectations have improved, these are the phases of short-term phenomenon. In general, the current and the next phase of coal, steel has enough security of supply, the contradiction of supply does not radically change, steel prices have risen significantly.
The meeting pointed out, also want to pay close attention to changes in market supply and demand, strengthen the monitoring and early warning, make overall to production and supply, avoid price ups and downs.
The 21st century economic report, on March 16, the three levels of bar prices for 3860 yuan per ton, in a region than in early February 3300 yuan per ton rose almost 20%. If compared with the levels of 3000 yuan per ton in early January, march prices have jumped nearly 30%.
Some market participants, demand for steel is uncertainty. But because traders bullish prices, stock up enthusiasm high, which makes the steel prices rising possibility is big, but the there is excess of the market. Such as iron ore port stocks, as well as traders inventory, all of record in recent months and even years.
The national federation of industry and commerce chamber of commerce for metallurgy industry expert group leader Liu Yongchang argues that 70% utilization rate of steel production capacity is already close to normal now, go through environmental capacity and market means. If it's purely by administrative means, many profitable enterprise blast furnace will be demolished, but some zombies because prices were raised instead.
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