Steel structure to be adjusted
Baosteel Group Chairman Xu Lejiang in the Boao Forum for Asia, said that since the financial crisis, China's steel industry makes the structural contradictions have been fully reflected, it is now China's steel industry structure adjustment. He bluntly, there are a lot of the lower reaches of China's enterprises the situation of excess production capacity, but also a lot of backward production capacity of pollution, if not eliminated, the entire industry would not have good development, and on the upper reaches of the enterprise is a mistake misleading signals.
Xu Le Jiang pointed out that the Chinese steel industry's large production capacity, but the export-oriented is 57 million tons, 15 million tons of imports, automobiles, household electrical appliances, shipbuilding and indirect exports 40 million tons; from the present situation, the global financial crisis to the China Iron and Steel Industry structural adjustment period, the healthy development of the industry depends on whether the restructuring to complete its task.
He urged that across the financial crisis, commodity prices should reflect the shortage of resource and require correlation between upstream and downstream manufacturers should also establish a healthy and sustainable development.
The iron ore pricing mechanism, he pointed out that China's iron ore has been rising for five serial years approaching 500%, because a wide quantity of iron ore per year global approaching 800 million tons of iron ore trade. With the iron ore from the southern hemisphere, the Western Hemisphere towards the Northern Hemisphere, as soon as everybody, ought possess transportation, there is the transport of the financial campaign of the market. He branded the prices of leading products should be replaced towards the true nature of the commodities, reflecting the shortage, reflecting the correlation between resource and require, of sustainable industry, and wished that this year's iron ore price deals should be based onto this principle.
He furthermore mentions to the economic markets has directed to speculative cost bubble in products, future product charges come back to a reasonable need. In his outlook, as a outcome of people's greed, the market finances could have explained many of awful things, this is not resolved. Metal futures could have discovered the regulation of worth, to boost persons to find out new assets and new and innovative, but conjecture in economic markets undermined the market order.
In his outlook, the economic urgent position injure the genuine finances has not yet completed, and now after the come back to reasonable, the most hurt is the user. As for the latest launch of China's iron alloy futures, in his outlook, the metal and iron alloy goods futures to a new means, if a need of supervision and the development of their flexibility, they will proceed astray. - 18423
Xu Le Jiang pointed out that the Chinese steel industry's large production capacity, but the export-oriented is 57 million tons, 15 million tons of imports, automobiles, household electrical appliances, shipbuilding and indirect exports 40 million tons; from the present situation, the global financial crisis to the China Iron and Steel Industry structural adjustment period, the healthy development of the industry depends on whether the restructuring to complete its task.
He urged that across the financial crisis, commodity prices should reflect the shortage of resource and require correlation between upstream and downstream manufacturers should also establish a healthy and sustainable development.
The iron ore pricing mechanism, he pointed out that China's iron ore has been rising for five serial years approaching 500%, because a wide quantity of iron ore per year global approaching 800 million tons of iron ore trade. With the iron ore from the southern hemisphere, the Western Hemisphere towards the Northern Hemisphere, as soon as everybody, ought possess transportation, there is the transport of the financial campaign of the market. He branded the prices of leading products should be replaced towards the true nature of the commodities, reflecting the shortage, reflecting the correlation between resource and require, of sustainable industry, and wished that this year's iron ore price deals should be based onto this principle.
He furthermore mentions to the economic markets has directed to speculative cost bubble in products, future product charges come back to a reasonable need. In his outlook, as a outcome of people's greed, the market finances could have explained many of awful things, this is not resolved. Metal futures could have discovered the regulation of worth, to boost persons to find out new assets and new and innovative, but conjecture in economic markets undermined the market order.
In his outlook, the economic urgent position injure the genuine finances has not yet completed, and now after the come back to reasonable, the most hurt is the user. As for the latest launch of China's iron alloy futures, in his outlook, the metal and iron alloy goods futures to a new means, if a need of supervision and the development of their flexibility, they will proceed astray. - 18423
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