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The impact of international financial crisis, the global steel market has been in a state of domestic price fluctuation, and solve the core problem is the long-standing contradiction of supply and demand.
Recently published data to verify the market of crude steel again pessimistic expectations, long-term market down business mentality of pessimism, demand continued to rebound in steel prices is now difficult to rise main factor.
the United States of America March retail sales rose 0.8% in April, 0.1% growth in chain,doudoune moncler pas cher, consistent with the expected.Eurostat announced in May 14th, because of energy output plunged,moncler, the eurozone industrial production in March fell 0.
3%, drop compared to the same period 2.2% to 2009, the biggest drop since December.But the economic trend of separation, a German quarter year-on-year GDP growth of 1.7%, better than expected; the French were flat, an increase of 0.
3%; Greece continued to shrink, not by the seasonally adjusted GDP fell 6.2%,moncler pas cher; Italy's GDP fell 1.3%,doudoune moncler, worse than expected.The European economy has avoided a recession, but is not optimistic.In May 15th, the Greek government the market expected, announced to repay due on the day of 430000000 yuan of the euro by foreign legal jurisdiction of Treasury bonds.
The author estimates, this is to restore the Greek government failure by suppressing the confidence of the market.But the market does not buy it, investor risk aversion is still strong, Wednesday the euro against the dollar hit a 4 months post.
the European Iron and Steel Union in a recent Eurofer Market Outlook report, 2012 the EU steel demand is still face downward pressure, the European economic recovery degree and time is still uncertain, the risk of dependence.
 ,moncler pas cher; the EU market in early 2012 1 quarter performance, the steel apparent consumption or in the 4 quarter of last year,doudoune moncler, but still down nearly 11% compared to the same period.Is expected in the 2 quarter will be repeated this pattern, the year-on-year decline in demand will be narrowed.
international steel Arcelor Mittal on European market prospect too pessimistic.The company forecast, this year the global steel consumption will increase 4%-4.5%, but the European steel apparent consumption will decline 2%, in Europe the 25 blast furnace 7 is still closed,moncler.
At the same time, the company also thinks,moncler pas cher, the market continued to fall risk and reduced compared to the end.
 ,doudoune moncler; China Steel Association data show,, late April member units of crude steel production capacity of 1669100 tons,moncler pas cher, predict countrywide production in 2035000 tons, the whole month average daily output of 2025800 tons,doudoune moncler pas cher, a record high.
With crude steel output high is the opposite of steel profit is negative, the downstream demand is insufficient.Steel exports in April amounted to 4670000 tons,doudoune moncler pas cher, were reduced by 7%.April housing a total area of newly started 4,doudoune moncler pas cher.
17% year-on-year decline since October 2009,moncler, negative for the first time.
 ,moncler;  ,; since April, steel prices fall into the channel, at the same time, raw materials prices lag behind the decline in steel prices,, and the whole down to a lesser extent, a quarter of iron and steel enterprises profit or negative.
In addition, due to weak demand,doudoune moncler pas cher, price drops quickly,doudoune moncler, to produce steel-based construction steel will face serious losses.Baosteel chairman Xu Lejiang said on May 8th, China's steel industry may face long-term low profit rate, and that the new steel production capacity is still in the form of.
Long term steel enterprises profit decrease, contribute to the elimination of backward production capacity, optimize industry structure, but with the decline in demand for iron and steel industry production capacity adjustment can bring long-term pain, leading to long time in the low price of steel.
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