By Liang Fei (
Global Times)
08:31, September 18, 2012
Domestic steel prices will see a rise of at least 400 yuan ($63.34) per ton by year-end compared with the price level in early September, an expert forecast Monday, following the government's recent approval of a series of infrastructure projects.
Prices of some steel products have already increased by around 300 yuan per ton over the past week. "Steel prices may continue to rise, given the recent favorable news," Ma Li, a senior analyst at Beijing Lange Steel Information Research Center, told the Global Times.
Since September 5, the National Development and Reform Commission has announced the approval of more than 50 infrastructure projects, worth a total of 1 trillion yuan. And several provincial governments have also announced plans to spur economic growth, which are all likely to boost steel consumption.
Meanwhile, the US government announced a third round of quantitative easing last week, a move that has ignited expectations of a rise in international commodity prices.
China's steel industry has seen a continuous slump this year. Steel prices have dropped by 25 percent to some 3,000 yuan per ton compared with the beginning of the year.
【1】 【2】 News we recommend:Banks to make presence in the cultural marketHow we all gain in the power of twoBritish industry revs up to meet China demandLatest iPhone to hit China's gray marketHuawei & ZTE deny facilitating espionageApple fans find little to excite in new iPhone Foreign telecom companies eye China China's Apple fans on the wane? Volvo plans expansion amid slowdownEmail|
Print|
Comments（Editor：李倩、厉振羽）
Increases the bookmark
twitterfacebookSina MicroblogdiggGoogleDeliciousbuzzfriendfeedLinkedindiigoredditstumbleuponQzoneQQ MicroblogRelated Reading
China extends anti-dumping probe to steel tubes from EU, JapanChina's steel output slows, prices drop China's steelmakers face huge losses: industry groupPrices of steel products slump to two-year lowSteel maker studying feasibility of Brazilian investmentSteel industry profits continue to shrinkChina crude steel sector grows slower, profits downChina finds EU, Japan dumping steel tubes China imposes anti-dumping duties on steel tubes from EU, JapanIndustry refutes govt subsidy claimsHot NewsCan mainland, Taiwan jointly defend Diaoyu Islands?Do not attempt to seize half inch of Chinese territoryDrill grounds of PLA's three services bustling with activitiesNew Gini figures show instability risks, need for reformProtests hit Japanese goodsChina, EU face dumping claimAuthors receive digital copyright royalties Where will Chinese entertainment television go?
本站仅提供存储服务，所有内容均由用户发布，如发现有害或侵权内容，请
点击举报。
