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In 2013, the Chinese steel industry is expected to break even
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| 15, ubs securities said at a press conference, held in its due to the long-term trend is declining ore prices, China's steel industry profit is expected to draw 2013, returned to profit in 2014. Tang Xiaobo ubs securities industry analyst said that in 2012 the industry long-term and substantial inventory behavior, and the steel trade crisis make a lot of steel trade, financial strain, steel and iron ore inventories are obviously low. As in October 2012 after the market's expectations of macroeconomic improvement, companies back into the inventory status. The overall behavior triggers the steel and iron ore prices are reflected particularly in December. Talking about the market outlook in 2013, he said, at present, the inventory has come to an end, after the Spring Festival in the traditional end demand release, the market is still expected to strong performance. In the second half of the policy is difficult to clear, however, expected the steel market trend after the high low before. As China's economy from investment towards consumption transformation process is long, the contribution of economic activity within the last two years in the construction industry will account for the majority. All varieties of steel long products, therefore, the growth will still be good in the sheet. Crude steel production growth in 2013 is expected to by 3.3% to 737 million tons, production capacity increased by 1.9% to 890 million tons. Ore price of long-term trends, are thought to be falling. Due to the continuous growth of the international iron ore supply, ubs expects 62% grade powder ore in 2013 at an average of $116 / ton, fell 3.4% year on year. Downward trend will continue in 2017 to $81 / ton. Combined with the capacity to get a degree of control, the Chinese steel industry profits are expected to draw in 2013, returned to profit in 2014. |