But in China, where steel production capacity is bTV好姑娘adly in excess and pushing global steel prices down, a fu成全姐姐nny scene is happening: steel prices are ris姑娘姑娘ing despite the pressure on most commodity pric成全高清es. The trend, if sustained, may have a major impact on the glo視頻在線bal market and political situation, and the current di成全影院fficult situation for steel workers remains aTV大地 hot political issue in the west.
And unlike the past, there are signs that the latest噼裡啪啦直播 round of steel prices is not just about buildin丁香花免費g more buildings in china. As a huge debt China industrial ills and直播影院 the country one of the main problems of 成全噼裡啪啦overcapacity problem, its change: when the economic situ影院成全ation is relatively good when the factory utilizati噼裡啪啦免費on rate will increase, the current situation is such.
This time, however, it seems more complic視頻動漫ated. While steel prices continued to rise, overall inflatio免費飄雪n continued to decline. Monday's June figures show高清TVed that most producer prices were flat or downward, 中文版高清but steel prices continued to rise. And rebar prices (usually made from small induction fu高清版中文版rnaces using scrap steel) are particularly stronMV視頻g this year. This kind of steelmaking furnace is a major target of Chi高清美麗na's regulatory authorities this year, and re高清姑娘gulators have promised to be completely eliminated by影院國語 the middle of this year.
There is some evidence that this effort is資源高清版 gaining results. China's steel output fell year on year even as deman姐姐視頻d for mainland city developers remained solid a成全在線nd housing inventories declined as a support for the con大地大地struction industry.
Reduce the supply plus demand steady, promo在線成全te the first quarter of this year, the highes噼裡啪啦資源t level since the Chinese steel industry gross m噼裡啪啦動漫argin reached in 2008, and has been for 9 conse藝術高清cutive months in more than 8%, the best performance si動漫GOnce the global financial crisis. Affected by this, the shares of Chinese listed steel免費姐姐 companies, such as River steel and Baosteel, rose sha姑娘免費rply. So far this year, the share prices of the t中文版成全wo companies rose by 34% and 14% respectively. Unlike iron ore, steel kept most of the gains since 中文版動漫last year's election.
China has a long history of shutting down成全噼裡啪啦 excess steel and coal production, but lacks continuit直播視頻y of policy. Once inflation rises, the capacity to beTV大地 shut down will return. So if the price pressures appear again in the eco高清版高清nomic sector, this model may emerge. And what is certain is that, despite some 姑娘國語progress, the overcapacity situation is still very serious視頻高清: there is nothing to brag about about 8% 免費姑娘of the profits, because margins have been above 10% in 影院免費the past few years.
Any progress, however, is welcome. Even as the world's leaders dispute over the steel is資源直播sue, some signs of progress in China, even negl高清免費igible, will comfort investors who are concern姑娘影院ed about the situation.
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