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BEIJING, Dec 12, 2010 - (ACN Newswire) - Qualitydress.com's analyst predicts that in the next few months, China's steel manufacturers will face price decline problems.
Analyst said that after the four years of double-digit growth, it is expected that in next year, China's steel demand will be moderate, because the Chinese government since the beginning of September regulate the housing market, control developers land reserve scale and tighter credit loan.
In China, the demand of steel in construction accounts for a half in total steel demand. China is the largest producer of architectural steel. In 2009, Chinese building steel production accounts for 46% in the global market.
Qualitydress.com points out that currently government regulates the real estate market measure, which has obvious influences on steel output, and during the previous two years, the effect by the Chinese government of a 4 trillion economic stimulus drive, as major cities' civil and commercial building quantity sharply rise, steel demand has soared.
It is expected that next year, China's steel demand growth will drop 5-7%. China's steel demand growth will fall back. The infrastructure related construction activities will also be slow; most analysts are expected next year's Chinese steel demand will increase about 6%.
On the supply side, China has reduces high energy-consuming industry capacity, which has caused excess capacity to be reduced, resulting in steel net export decline.
Chinese government plans before 2012 to construct 1,520 million sets of economical housing, which has become an important part of next years steel demand. It is estimated that this plan will consume about 25-40 million tons of steel.
Contact:
www.qualitydress.com
Tel: +86-10-65569770
Email: my@qualitydress.com
Topic: Research / Industry Report
Source: Qualitydress.com
Sectors: Science & Nanotech
https://www.acnnewswire.com
From the Asia Corporate News Network
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