أخبار

أخبار

China's steel output to drop in H2: Fitch

تاريخ التحميل: 2019-08-21
المشاهدات: 7

BEIJING - China's steel production is set to decline significantly in the latter half of 2019 after reaching a record high in the first half, Fitch Ratings says in its latest report.

Crude steel and steel-product output rose 9.9 percent and 11.4 percent to 492 million tons and 587 million tons, respectively, in the first six months, the ratings agency cited data from the National Bureau of Statistics.

Construction steel accounted for the bulk of the growth, which was consistent with strong fixed-asset investment (FAI) growth in property, Fitch noted.

For the latter half, the agency expected steel production to decline due to a slowdown in housing construction, production restrictions led by environmental measures and market-driven production cuts on shrinking steelmaker margins.

Fitch expects housing construction growth to slow, particularly in lower-tier cities, which will be a drag on FAI growth into the sector on a yearly basis.

Meanwhile, air-quality targets have already led a number of steel-producing cities in Hebei, China's main steel-producing province, to implement plans to restrict production.

In addition, steel producers experienced significant margin decline in the first half of the year, mostly driven by rapid increases in iron-ore prices.


عودة
News / Recommended news أكثر
2020 - 12 - 15
BEIJING -- China's textile and garment exports grew 9.9 percent year-on-year to $265.2 billion in the first 11 months, official data shows.Textile exports reached $141.6 billion in the period, a notable 31 percent growth from a year earlier, according to the Ministry of Industry and Information Technology. Garment exports dropped 7.2 percent to $123.6 billion.In November alone, the country'...
2020 - 11 - 26
China will step up efforts to expand the free trade area network across the world to enlarge its 'circle of friends', according to China's Commerce Minister Zhong Shan.After signing the Regional Comprehensive Economic Partnership (RCEP), China will see the China-Cambodia free trade agreement take effect at an early date and accelerate investment treaty negotiations with the European Un...
2020 - 11 - 18
China is ramping up efforts to improve the service capability of China-Europe rail freight, providing much-needed freight service amid the COVID-19 outbreak, the country's top economic regulator said on Tuesday.The new move came in an effort to keep up with the rising demand for freight trains amid the COVID-19 outbreak which has hampered international air and sea transport, Meng Wei, spokeswo...
حق النشر © 2005 - 2013 وشى ييرو كهروضوئية والتكنولوجيا المحدودة
يوفر الكركدن سحابة الخدمات السحابية للشركات
犀牛云提供云计算服务
العنوان: Liangxi مقاطعة، ووشى قناة الشرقية 555-3605
هاتف:0510-8575 0865      صندوق البريد:william@elionn.com
يوفر الكركدن سحابة الخدمات السحابية للشركات 
الرمز البريدي:330520
حصة:
X
3

SKYPE 设置

4

阿里旺旺设置

5

电话号码管理

  • +86-510-8575 0865
5

电话号码管理

  • Johnny@elionn.com
6

二维码管理

返回顶部
展开