Dissolve excess capacity may choose to China

Success of landing the nyse, from 2005 to 2008 had become the world's largest silicon components manufacturer, suntech power use three years time. And then in less than five years,cold drawn carbon steel pipe its suntech because of capital chain rupture in the filed for bankruptcy protection earlier this year. Once solar empire collapsed.The solar industry is the epitome of excess capacity in China. Under the background of continued weakness in domestic and international market demand, China's iron and steel, cement, electrolytic aluminium, flat glass, ship industry such as accumulation of excess capacity has sparked concern increasingly.

Data show that at the end of last year,3D eblow Carbon Steel pipe fittings China's iron and steel and other industries with excess capacity utilization on average around 75%, significantly lower than the international usual. In the first half of this year, the national industrial enterprises above designated size nearly 22% of the unused capacity.Some of these excess industry into loss mire, some can only earn a small profit. Had the image of the iron and steel industry the situation described in the first half of this year's profit: sell a ton of profits is not enough to buy a Popsicle.

The national development and reform commission,45 degree short radius pipe fitting elbows the academic committee secretary general Zhang Yansheng blame China for the past few years this round of excess capacity to excessive investment and foreign trade. This led to a major equipment industry, traditional labor-intensive export industry, strategic emerging industry presents the bubble growth, rising global demand, domestic costs and other factors, such as Europe and the United States withdrew, formed a huge spare capacity.

"China over the past decade to form foam capacity pressure is very big,high-frequency ERW carbon steel tube it is difficult to through any kind of stimulus to settle." Zhang Yansheng said.Sino-euro lujiazui international financial institute executive vice dean Liu Shengjun pointed out that lead to high investment is one of the most important factor is the distortion of the price of factors of production. "China's labor costs, environmental resources price, land price, the price of capital to a great extent, are distorted. Companies able to get cheap factors of production, will, of course, the big investment." He said.

In the context of China's economic growth is sluggish, dissolve excess capacity to become one of the government to solve the problem. Premier li keqiang said many times this year, to resolutely curb severe overcapacity blind expansion of the industry.

Chinese zheng xinli, vice executive director of the center for international economic exchanges, high-level thinking is through the "four of a batch of" eliminate the contradiction between last for years. Through expanding domestic demand to digest a batch, the implementation of the strategy of "going out" to transfer a batch, overseas mergers and reorganization to integrate a batch of, access to an unspecified number of strict environment protection, etc.

Released in July following the first batch of ironmaking, steelmaking, papermaking, cement and other industries backward production capacity after the list of companies, the ministry of industry and information technology again in early September list released the second batch of enterprises, involving 67 companies across the country. But the ministry minister MiaoWei acknowledged that new capacity far greater than the speed of the backward production capacity speed.

Published monthly worst air quality in ten cities

"The ten countries' requirements on environmental information disclosure.Published by the state per month 10 cities with the worst air quality and the best cold drawn carbon steel pipe list of 10 cities.

Provinces (autonomous regions and municipalities) the administration of the mainland will be announced at the level and above the urban air quality ranking.Ground level and above cities in local primary media release air quality monitoring information in a timely manner.

The environmental protection departments at various levels and enterprises should take the initiative to open a new project environmental impact assessment, pollutant emission and pollution treatment facilities operation environment information,Long Radius 90 Deg carbon seamless elbow accept social supervision.Involving the interests of the construction project, should be fully listening to public opinion. Establish the enterprise environmental information mandatory public system of heavy pollution industry.

Wang Jian said that the reason for air quality, the purpose is to supervise the local government, "the old came in last, the mayor of your own choice." He said, at present a lot of pressure in hebei province, but the power of air pollution now is very big also.

Public and environmental affairs, said ma jun, director of the center: at present the country published in 74 cities air pollution or inaccurate, such as PM2.5 monitoring stations in lower-tier cities,hemispherical pipe cap manufacturer in china there is no. In the second - and third-tier cities monitoring PM2.5 can better promote governance atmosphere.

Ma jun said that air quality for city ranking is more comparable. Environmental protection every month in 74 cities ranked only horizontal comparison, this does not necessarily have a comparable, such as different geographical location, climate,mill test certificate steel pipe ASTM A53/A106 tube basic conditions and personal behavior, will lead to air quality difference is bigger. But if, in the same area in hebei province, for example, the longitudinal comparison of different cities before more comparable, because external conditions, geographical location, such as the contrast can be more clearly, what cities do good or bad.

Method to control excess production capacity will be introduced

China's deputy minister of industry and information technology, Mr. Su said cangzhou on the 15th, 1/2"-48" ERW carbon steel pipe ASTM A106/A53 the state council on the management scheme of excess production capacity will come on stage, sharply reduce administrative intervention, regulate market access will be the policy window.On the same day they are in at the annual meeting of the fifth China manufacturing in cangzhou, Mr. Su, points out that administrative examination and approval can not solve the problem of industry development, also can't solve the problem of excess production capacity. To some extent, it is part of the local governments on investment promotion and capital introduction, in the aspect of land and resources allocation for excessive preferential policies, the market order and unfair competition, exacerbating the excess capacity.

Overcapacity is one of China's economic problems. In recent years, China has increased the strength of the backward production capacity, Welding Socket Weld slip on flange but the new capacity is greater than the speed of the eliminated backward production capacity speed, to "the governance of the excess" awkward situation.Experts pointed out that China got into the overcapacity cycle, by the government's excessive intervention to the enterprise economic behavior, part of the industrial policy, affecting the normal enterprise investment decision.

It is understood that in 2012 China's electrolytic aluminium production capacity of about 28 million tons, Hot Pushed A234 Wpb Black Pipe Fitting elbow but after authorized by the administrative departments of only more than 400 ten thousand tons of production capacity.Mr. Su said that the future will further reduce the government for iron and steel, electrolytic aluminum, flat glass, cement and shipbuilding and so on five big industries with excess capacity of administrative intervention, and reduced the administrative examination and approval matters.

At the same time, will also strengthen market management, establish the public fair competition environment. On the one hand, Seamless tube used in steam pipe reduce the excessive government investment activities of enterprises, reduce the unfair competition. On the other hand, based on market access conditions, required local large capacity of existing without examination and approval of standardization management.

Economic research department minister of industry under the state council development research center, Mr. Feng pointed out that market dissolve excess capacity, does not mean that the government should completely quit. The government should use standards, technical regulations to regulate industry, strengthen environmental protection, energy consumption, safety and product quality of social regulation and process control. At the same time, when it makes policy to solicit opinions from all sides, innovative approach.

Coal tar steel futures "high premium"

In September, the demand of the carbon steel spiral welded tube traditional peak season has yet to see release, coking coal, coke, rebar futures market demand for good expectations "empty", the price had to "water" again. Analysts pointed out that the "golden nine silver ten" is seamless carbon steel pipe 90 degree long radius elbow likely to be lower than expected, the early stage of the coking coal, coke, the high premium rebar has expected, but it expected demand is still difficult to see that the back pressure.

At the end of June to mid-august, city of black steel seamless pipes xs astm a106 b tube coking coal, coke, rebar are deduced a wave strong rally, 1401 main rebar futures contracts have gained up to 11.8%, the coke reached 19.9%, 19.8% of coking coal.
Sept. 10, Shanghai main rebar futures contract price closed at 1401, 3736 yuan per ton, dalian respectively main A106 High quality carbon structural steel tube coke, coking coal futures contract closed at 1609 yuan per ton and 1156 yuan per ton. "Coke too exaggerated, overdraw the demand in winter, the spot market the highest premium 18%." Futures analyst said that the spot behind, short-term "steel capital" futures may be weak, start to fall expected caused a wave of lift, but the spot price is driven hard, now showed signs of the spread of regression.

Rebar has risen. On August 14, rebar futures once the highest to 3848 yuan per ton, at a time when the spot price is only 3640 yuan per ton. Market participants pointed out that the standpoint of discount from the spot, since the middle of August futures callback, in the Shanghai area tertiary rebar spot premium range of main futures contracts have widened, though nearly three days shrink again, but the discount rate is still high of 240 yuan/ton, so in the short term with weak spot end support for the futures.

State-owned land use right leasing contract

But for this rumor, descibes shares, said the company is in zhejiang province to land of rental income. Descibes stake Hot Pushed A234 Wpb Black Pipe Fitting elbow half annual report, according to the company signed with zhejiang province land and resources of the state-owned land use right leasing contract and the relevant supplementary agreement, the company production and business operation used land 90.24 hectares on a rental schedule 40 galvanized steel pipe basis, lease term for 50 years, from September 1, 1997 to August 31, 2047, the rent is RMB 4.512 million/year, and by its authorized hangzhou iron and steel group company to collect the rent. In addition, the company has many subsidiaries in zhejiang province and signing relevant land lease contract of land and resources, total lease land 58.44 hectares. Descibes sch80 carbon steel Round tube suppliers shares 2013 NianZhongBao shows, in the first half of this year, the company continued losses, compared to the same but losses narrowed somewhat, the period of loss of 71.4923 million yuan.

Descibes shares or "Wang Yawei stocks". Descibes shares belong to move stocks, and restructuring of subject matter, very accord with Wang Yawei consistent investment preferences. "Yun Wang black steel seamless pipes xs astm a106 b tube Yawei management being the securities investment trust plans of assembled funds" in the first quarter in descibes shares top ten list of tradable shares. The latest public information shows that in the second quarter Wang Yawei ownership unchanged, "Yun being the securities investment trust plans of assembled funds" still hold descibes shares, 4.85 million shares, accounting for 0.58% of the total equity of the company's top ten tradable shares. According to the latest closing price, the open market value of about 16.8295 million yuan.

But the contrast Wang Yawei, many brokers still hold reservations. In view of the relocation, zhongshan brokerages think relocation, and integration of assets business plan is not clear, it is hard to start at the moment. On the one hand, as the hangzhou urban planning development, mid-levels district the progressive development of urban residential area, the city planning has the urgency of the relocation; But on the other hand, the relocation of many major issues need to be solved there is still no substantial progress, according to the current management form, the company's performance situation cannot alter the downturn, the investment risk are worth noting.