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CISA: Steel prices are expected to be better in the second quarter
Date: Click quantity: 1471

At the news conference of cisa on July 27, Liu zhenjiang, secretary of the party committee of the China iron and steel association, said that the start of steel price is relatively slow in this year, and the steel price will have a certain rise space but the change is not great, forecasting second quarter price will be better than the first quarter. In response to this year's demand for steel, he said the world steel association's forecast is zero growth, and China's expected growth will be higher than zero, but not much higher. The target for steel production this year is 30 million tons. The national development and reform commission and the ministry of industry and information technology have just jointly released the key points for the work of reducing overcapacity in steel production in 2018. Against this background, cisa will cooperate with relevant departments to prevent the resumption of the "land strip steel" and the special inspection on the reproduction of surplus capacity that has been resolved in May and June this year. He also noted that cisa will continue to further coordinate the implementation of the debt-for-equity swap agreement with the banking institutions. At the same time, remind enterprises to actively communicate and negotiate with local governments and financial institutions for the implementation of relevant policies. According to sino-us trade friction problem, he stressed that China steel strongly supports the Chinese government policy, at the same time, China steel also will assess the us-china trade protection measures for the effects of the steel industry in our country, put forward the countermeasures to the relevant authorities when necessary.Our Iron Inspection - Casting Steel Forging Inspection and Alloy Inspection will also be up to date.