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Nuanfeng Chui to the steel industry, both short and long-term...
| Time：[2008-12-15] Read[211] | Last Friday (Dec. 12), the letter with the Ministry of Development and Reform Commission said the two ministries responsible, the public sector will in export tax rebates, technological innovation, restructuring of steel Shouchu merger, as well as four major areas of iron and steel industry to support . Analysts believe that the steel export tax rebate and the reserves will steel industry in the short term good form, with the technological transformation of mergers and acquisitions mainly in the medium and long-term positive impact on the form.
Public Works Minister Li letter recommended that the adjustment of import and export of steel products, some of the tax rate on the steel industry to give technical 15,000,000,000 funds discount. At the same time, the number of steel and concrete Shouchu approach is also proposed.
Held last Friday of the National Development and Reform Working Conference on news reports, the state will be implemented in the steel and automobile industries to revive 9 pillar plan, will focus on iron and steel, automobile industry, such as mergers and acquisitions.
Encourage high-end exports
Li Yizhong said on steel exports, the letter recommends that the Department has revised some of its products, import and export tax rates, high energy consumption of low-grade steel products, export restrictions, however, a number of high-end products, or to encourage exports, the export tax rebate rate increase a few percentage points .
Dec. 1, part of the government to abolish export tariffs on steel measures to be formally put into force, exports of related products will increase by 5% effective. However, in November, 2,950,000 tons of steel exports, fell more than expected.
Technical transformation will be high-end discount
Turning to government departments to support the technological transformation of iron and steel enterprises, said Li Yizhong, China's steel production capacity of 6 million tons this year, the actual output may be 4.8-4.9 million tons of excess capacity, can no longer be the launching of new, key technologies rely on Transformation.
He disclosed that next year the Government 15,000,000,000 discount funds to support the technological transformation of the steel industry will be the focus. Has been listed iron and steel industry needs the support of some products, such as the three levels of high-strength steel, high-grade automotive sheet, high consumption of the row-oriented silicon steel, steel products such as high-speed tracks, all should support.
Mergers and acquisitions will speed
Li Yizhong that China's iron and steel smelting enterprises are now nearly 1,000, the concentration is too low, by taking advantage of the financial crisis, to seize this opportunity to small iron and steel enterprises in the customs clearance of the merger and the merger, for the promotion of China's iron and steel industry By the strong change in the merger should give the relevant policy.
And last Friday, the National Development and Reform Commission also said that the imminent implementation of the 9 iron and steel pillar industries such as the revitalization plan, and will focus on iron and steel, automobile industry, such as mergers and acquisitions.
Shouchu steel program is being developed
Prior to that, "China Securities News" in the Dec. 4 exclusive coverage of "national or sell 1,000,000 tons of steel reserve," last Friday, Li's speech in the news has been confirmed that the National Development and Reform Commission and other departments are formulating the steel Shouchu And the number of specific ways.
Li said that China is missing a lot of high-end products, such as the three levels of high-strength steel, high-grade automotive sheet, high consumption of the row-oriented silicon steel, high-speed tracks such as steel. Now due to a drop in demand, steel production was down, or the amount, time and the ability to short, wasted. If certain national policies through the discount, or part of the government to buy steel, not the ability to make short, so that production continues, we can cope with current difficulties.
Analysts believe that steel on steel Shouchu in the end the market will have little impact on the number of specific. And a small number of the drop in the bucket, it is difficult for steel products impact on the market. If the reserves are close to reach 1,000,000 tons more than the short-term impact should be very clear. |
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