failed to find

the fourth is the low-grade iron ore resources of refractory complex and efficient use of demonstration and promotion. China is not without iron ore,ralph lauren (http://www.poloralphlaureniboutique.com), China should step up the use of 7 billion tons of iron ore, in particular iron carbonate. Address these ore beneficiation and utilization of the micro-to Anshan City series (sound) of copper ore and other breakthrough technologies, China will not be affected by the constraints of the three international mining industry, we have to import ore, but that time is not so likely to import more, so he had us on your own dressing, he was cheap we elected him, and this balance.
in the 1990s and early 2000s industrial production and world trade is increasing, but to have a sudden drop in 2008, but the decrease is relatively large. One of the hardest hit, and we see this blue line, which is the trade value. Because globalization has accelerated, so not many industrial decline, but the trade value dropped more powerful. 50 years since we have a few small fluctuations in the economy, we called the The three economic contraction and compared to 2009, can be said to be trivial. GDP per capita declined an average of only three economic contraction of 0.4 in 2009 to negative 2.5%, industrial output reached a negative 6.2%, 11.8% of world trade negative, the unemployment rate increased by 2.6%.
all economies we can see that the U.S. consumer is the highest, the EU-15 than its low point, China's low point, Japan's low point. Imbalance caused by the consumption wealth effect of the bubble, in the third quarter of 2008, when the fourth quarter burst. We can see that it's taking the net assets are accounted for housing price index decreased significantly, down to a negative value. Real estate has been developed for three consecutive years in the doldrums, has still not out of the woods, of course, Japan's real estate in the 1990s bubble has burst. China how? This is a question mark. Of course, our government is taking prudent fiscal policy, I hope not

China's economic stabilization and recovery is mainly driven by investment, domestic enterprises in the power also rose significantly less. Last year GDP growth of 8.7%, 8% of investment-led, consumer-driven 4.6%, while export-led is negative 3.9%, that is, exports minus 4%, so the final figure was 8.7%. Stimulating investment and consumption, so pull a considerable number of policy factors, such as Imagine, if the policy an exit, growth may soon come down.

Xu: pricing by the Japanese steel prices in China will once again protect the eyesight loss [color] [Print] [Forum] [font into the medium and small] 2010-05-10 09-16

several issues we need to focus on is the PPI rose 4.9%, international oil prices, iron ore prices continued to rise, the domestic raw materials, fuel and power prices or index is increasing. As well as high energy consumption,moncler (http://www.monclersitoufficialeo.com), high pollution industries grew faster, the arduous task of saving energy,burberry (http://www.burberrymagasin.com/), the 11th Five-Year Plan, we have not completed the first four years, should reduce the GDP energy consumption target of 16%, only 14.38% completed. Especially in the first quarter, not only did not reduce also increased, January and February of heavy industry increased faster than light will be 9.2 percentage points.

talk about the financial crisis, the second among the steel industry, the first financial crisis hit the global steel industry,mercurial vapor (http://www.mercurialvaporchaussureifr.com/), not only in China, the world have been hit hard. We can see that this is registered in the steel industry 67 countries, production dropped sharply. This is the NAFTA countries declined sharply, which is also a sharp decline in the 27 EU countries, this is Japan, which is the former Soviet Union, which is China, are subject to decline. So this financial crisis is global.
steel industry from the world's seven different quarter of 2008 the growth rate we can see, to the fourth quarter of 2008, almost all negative, and only have to buy a ship, remained intact, and all the other negative.
spot market prices for iron ore, Xu is expected to more than $ 200. He believes that the current prices have hit record highs, and this is now shipping a relatively low background, he said at the freight, the freight one up soon reach $ 200 or so, back to the original highest price.
the financial crisis marked a big change in different regions of the world's contribution to economic growth pattern has changed, we see the top 2001 to 2008 all countries have contributed to economic growth. Developed countries including the United States, the EU-15 countries, including Japan and other industrialized countries is on the left, also contribute to economic growth. But the emerging economies and developing countries contribute more, to 2009, these countries and Western countries, OECD countries are negative, contribution to the economy are negative. The emerging economies and developing countries is still positive. We hope that this year is to reach all countries have contributed, but the contribution of the main or emerging economies, China, India and other developing countries.
very serious unemployment in developed countries, the United States and Europe have been close to or over a short period of about 10% of the annual unemployment rate, the UK has reached 8%. Before the crisis there is a crazy American consumer, the consumer is overdrawn, 1975 to 2001, the proportion of consumption in the United States the world's highest, 2 / 3 is consumer driven. But by 2000, especially low interest rates in 2002 after spending a lot of credit expansion, we can see that this consumption-GDP ratio has reached 70%, even higher than 70%. Bankruptcy before the financial bubble has reached 72%, is the consumer (GDP ratio).
that there is a lesson, rapid economic growth in Europe after the steel industry is a serious excess capacity. Japan and South Korea's situation is difficult to compare because they export a lot of iron and steel products, automobile exports a lot of ships, Europe is essentially the European consumer, and we are more like China. We can see that from 1975 to 1980 annual production capacity excesses, then the crisis restructuring, then the capacity to adjust. But now excess capacity continues, we can see up to 38% when the surplus, almost 40% of the excess capacity is, no way to production, but in 2000 after adjusting 18% excess capacity, and 20%. If we are 700 million tons of excess capacity is 18% of the concept? About 70 million tons 100 million surplus. A little excess is not terrible, and now too late, do not got 40 percent excess capacity, when it was eliminated. And I was in Europe, the elimination is out of advanced, advanced to second-hand goods sold to China, because behind the selling is not over, that is, scrap, so the time investment to be very careful.

Xu said that iron ore prices squeeze profit margins of the steel industry, steel plant will be the profit decline.
third challenge is the steel industry inventories to a level never before, our peak inventory in 2009 is 12 million tons. In 2007, when only six million to eight million tons in 2008, when 800 million tons in March this year, when once reached 18 million tons. The high inventory mean? Means that excess capacity, but also means that the price may be volatile.

Second, China's steel industry is facing severe challenges in reducing emissions, we do not have heat and I can recall about 30%. Typical emissions of pollutants, particularly sulfur dioxide and now we seriously overweight, there is no compliance, especially sintering and sinter emissions of sulfur dioxide gas.

This is a sharp rebound in the international iron ore prices, we can see that the highest price of iron ore in 2007 to 2008, this time had reached nearly $ 200 the price. And steel production fell due, he low price, and then picked up with the production capacity, it up, but has not yet reached in 2007, 2008, the highest value. Yesterday, Minister Wu told me, because freight is relatively low, there is no transfer freight up, I guess at the freight, the freight one up soon reach $ 200 or so, back to the original highest price.

editing: Jinke Sheng [a comment] China Metallurgical News - China Iron and Steel News
I made a map, and real estate relationship more closely? Basically, when up real estate, steel, consumer prices will go up, sales go up. Therefore, the apparent consumption of crude steel and real estate are very close. Years due to the steel, so the investment in the steel industry is very large, seventy-five period of investment is 68.5 billion, T period is 172.8 billion, 1995 was 215.3 billion, 15 is 714.7 billion, to the Eleventh Five of the first three years has been reached 878.4 billion. Go on such a large investment in iron and steel, will inevitably bring about productivity growth and excess capacity.

Xu said that although the first quarter of this year, including China, the country's steel industry has shown a recovery, but China's economic efficiency is very low, 1 to 2 months key steel enterprises sales profit margin is only about 3%, steel stocks rose year on year increase of 40%. If according to the Japanese to accept the conditions, the steel industry and then we fell into a loss to the plight.

China's fixed asset investment is rising in the past few years, very amazing. 2011, we expect steel consumption sub-sector, the construction industry is probably accounted for steel bars and wire rods to 4.5%, is half the battle. Machinery industry which is also used long products, and construction is also a certain relationship, because the construction industry a bulldozer and so on up will take 17%, light industry 7.7%, container 1.2%, 2.2% in shipbuilding, shipyard in the country so much , you have to think about it, only 2.2%, petrochemicals 1.4%, 3% of the coal, railroad 1%, although demanding, only 1%, other 13%. Therefore, China must be in the process of development taking into account the plate and long products, sheet metal can not we all do, and now a new plant, sheet plant is high, so I think this may not be in line with China's current laws. Wait until the whole house made over, built over the highway, railway, when all is finished, made when the need is a home appliance plate.
Chinese Academy of Engineering , Xu, president of China Federation of Industrial Economics,louboutin (http://www.christianxlouboutinpascher.com), 9 May at the sixth China International Steel Congress, said that if Japan accepted China's steel industry into three major iron ore mine to discuss price increases, China's steel industry this year will once again fall into loss of status.
excessive development of the virtual economy over the real economy is bound to cause problems, of course, just mentioned, had only 20 million of capital, issuance of bonds can be incorporated into the 30 billion, then businesses can develop. For his services, but can not exceed certain limits. Financial crisis on the real economy it is clear to pass, the financial crisis occurred, the rapid contraction of credit, liquidity, reduce, reduce consumer spending, the two entities, the one causing the economic recession.

We are delighted to be together to discuss the situation in the post-crisis era, as well as Our steel industry, because most of our participants are Chinese, so I prepared two here, PPT, one is Chinese, an English, so I can do a very good Chinese speech.
This is what we see, Xi'an University of Architecture and Technology bought a phosphorus iron ore, because he was burned cement, phosphate ore is iron carbonate,mercurial (http://www.mercurialvaporchaussureifr.com/), the same way. He believes that phosphorus than iron carbonate ore easily broken, and finally you can get up to 63 grade, iron recovery rate of 88. And when he started grade is very low, only 36.1. (NetEase)
the U.S. financial crisis caused by the global financial crisis, from 1922 to 2009, there are three major global economic fluctuations, the first Great Depression, 1929 to 1930 years, the economic decline is about 6%. The second post-World War II, the whole of Europe in the war under. Former Soviet Union and Asia, China, India and other regions are under the ravages of war, so the economy is also a significant decline in total GDP declined by 10%. Third is the fourth quarter of 2008,franklin marshall (http://www.franklinmarshallsboutique.com), the beginning of the financial crisis, but also makes the economic growth of the negative.

2010, China's economy began to stabilize and rebound, industrial economies of scale industrial added value increased by more than 2.7%, which is compared to same period last year (data). Delivery value of industrial growth by 2.5%, export delivery more than 10 percentage points, industrial fixed assets investment up 21%, which is some of the figures. But we need to focus on several issues, one is the main reason for fast growth in the first quarter of 2009 is very low base, above-scale industries than in December last year, if and only 12.8% over the point of view, if the ring than a month a month This year and last year than in January and December, so the chain grew by only 1.4%, 2.1% and 1.6%, while export value has not reached the past, so the uncertainty is relatively large. Particularly in trade protectionism, pressure on yuan revaluation will affect exports.

China's fixed asset investment is reinforced concrete coupled with cheap labor, which is China is now an aspect of growth. We can see that investment in fixed assets in 2003 is only 5.5567 trillion, and by 2009 reached 22.4846 trillion, an increase of this ratio is four or five times. Steel production growth is essentially the growth of fixed assets, and simultaneously, so the Chinese side, the Minister talked about yesterday, Wu I agree that China's urbanization process also need to iron and steel, but on the other hand depends to invest such a large scale, there are some that we are ahead of the investment, including a large number of high-speed railway and the highway west, if these items are subject to certain obstacles, investment will be down immediately.
talk about a third of China's steel industry is facing a grim situation. The first is a positive situation, domestic and foreign steel is turned up, this is not just China. The following is a blue outside China, but also picked up, China's rise faster. Of course, the three major ore production in the first quarter of the recovery is very obvious, because China and the world's steel production picked up. But our cost is very low, 1 to February sales of key steel companies profit margin is only about 3%,giubbotti moncler (http://www.monclersitoufficialeo.com), steel stocks rose 40% year on year increase in imports of iron ore negotiations are very difficult, according to the Japan accept the conditions , iron and steel industry and then we fell into a loss to the plight.

iron ore prices squeezed the space for our profit, steel mills will be profit decline.
following is a statement Xu Record:
modern economy is an inverted triangle, which means that our industrial production, the actual material production sectors, agriculture and industrial sector is small, then become a commodity and service trade When the commercial capital, expanding almost doubled. And if the issue of shares, bonds become the financial capital of the future is tripled, then go up if the various funds, a variety of commodity futures is four times to five times,burberry pas cher (http://www.burberrymagasin.com/), then the above is purely virtual Economy. Why are young people willing to learn finance the production of steel do not want to learn? He must get tens of millions of money,louboutin pas cher (http://www.christianxlouboutinpascher.com), big money because of his play, the percentage of the money earned there came, the inverted pyramid is very unstable. So I said in the dialogue on the world economy, now the problem is not in who is to blame, the whole structure of a problem. 相关的主题文章：

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