August 26, 2008 Steel Industry Overview - Iron ore prices, steel prices - steel industry

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"Eleventh Five-Year Plan" time more than half of energy consumption to "real thing": "Eleventh Five-Year Plan" of progress has been more than half, is widely concerned about "saving energy" the achievement of binding targets, but also to the time when the medium-term inventory. According to the "Eleventh Five-Year Plan", to the unit GDP energy consumption in China in 2010 than in 2005, down 20%. From the previous two years of implementation of the situation, energy consumption in 2006 decreased by 1.33%, newly released 2007 report energy consumption at the provincial level, down 3.66% in 2007, the national average unit GDP energy consumption decrease is limited. Further statistics show the progress of the current target to complete more than 40% of Beijing, Tianjin, two areas; completed more than 30% progress with Fujian, Shanghai, Shaanxi and other regions 15; to complete the progress of 20% to 30% by Yunnan, Sichuan, Hunan, Chongqing, Hebei, Guizhou, Inner Mongolia, Shanxi, Jilin, Ningxia, 10 regions; complete schedule less than 20% are in Xinjiang, Hainan and Qinghai 3 regions. More than half the time, not more than half of the task. It is reported that the National Development and Reform Commission is preparing to introduce a series of more focused initiatives, including three years of saving this annual task decomposition, and on an annual assessment indicators, in order to strengthen the sense of urgency around the completion of this goal . The central bank in July of data: the overall stable financial market stock market fluctuated: First seven months of 2008, the overall financial markets run smoothly. In July, the inter-bank market bond issuance increased slightly last month, the medium-term bond issuance increased; money market interest rate the overall drop in lending volume increased slightly last month, pledged repo trading volume decreased from the previous month; now significant increase in ticket volume from the previous month, slightly inter-bank bond index, exchange bond index decreased slightly, bond yield curve upward; stock index fluctuated, the stock market turnover increased. SASAC: Central Enterprise Super Bacheng assets concentrated in eight industry: China's State-owned Assets Supervision and Administration Commission on the 25th news release, after years of state-owned enterprises reform, the distribution of state-owned economy moderate contraction, the state-owned capital gradually to national security and national economy of the important industries and key fields. Currently, 82.8% of the assets of central enterprises concentrated in the petroleum, petrochemical, power, defense, communications, transportation, mining and metallurgy, mechanical industry.
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Baosteel steel prices lower part of the fourth quarter: The market price of steel has always been regarded as a "wind vane" Baosteel price rise in a row after a three-quarter, finally turned down. Yesterday was informed that the latest release of the fourth quarter of Baosteel steel prices showed common cold down 300 yuan, 100 yuan lower electric galvanized, deep drawing down 200 yuan, 300 yuan lower acid resistant fingerprint down 400 yuan. In addition, some products remain unchanged or even increases, the other main products of Baosteel hot-rolled, silicon steel price remain the same, heavy plate and ship plate prices were also up 100 yuan, the boiler Container board And high-strength plate up 400. Analysts generally said that as the quality factor, Baoshan Iron and Steel products price reduced, still much higher than the market price. Sinosteel offer for Midwest finalize the acquisition closing date: While the holdings in the last month by the central and western Australia, the company has acquired more shares, but the central and western China Steel Group Inc. 1.36 billion Australian dollar takeover offer yesterday, it was extended to September 15, but this China Metal Resources will be the industry's largest takeover of the final deadline. The acquisition of Rio Tinto Aluminium Australia granted China is still restricting the right to speak: Chinalco Rio Tinto acquired the final approval by the Australian government and was approved to be 11% of equity holdings. The Australian Government released the news yesterday, this is the first time in its acquisition of Rio Tinto shares of aluminum expressly affirmed. But still set two strict restrictions, Australian Treasurer Wayne Swan said one of the conditions is in order to further improve the equity ratio of aluminum, must be approved by the Government of Australia; conditions in the second, as long as Al holds less than 15%, the company shall not seek to Britain or Australia Rio Tinto appoint directors. Chongqing Steel Group, the global relocation project throwing 2800000000 Zhaopo Jia: Chongqing Steel Group's environmental relocation, foreign and private enterprises can also be involved. Yesterday, Chongqing (Group) Co., Ltd. issued 10 investment projects overseas, attracting 2.79 billion yuan build in the longevity of the "new home." It is reported that a start in the national iron and steel enterprises in the relocation projects, heavy steel is the first large orders of foreign investment enterprises thrown. Local self-built railway to transport coal in Shanxi game Ministry of Railways: As a well-known energy province, Shanxi coal capacity has been a bottleneck.