www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Economy

Steel output may fall as power cuts loom

By Zhang Qi (China Daily)
Updated: 2011-05-25 09:49
Large Medium Small

Steel output may fall as power cuts loom

A worker cuts steel bars at a steel mill in Huaibei, Anhui province. Thousands of small mills will face power shortages because the government will first guarantee electricity to residential users. [Photo/ China Daily] 

BEIJING - The production of crude steel in China may start to drop in June, after peaking in early May, because of an impending power shortage, industry analysts said.

Steel production reached a record of nearly 1.95 million tons in the first 10 days of May, according to the latest figures from the China Iron and Steel Association.

"Crude steel output still remained high at the beginning of May, but it will be affected by worsening power shortages," said Zhang Lin, a steel analyst from the Beijing-based Lange Steel Information Center.

"Steelmakers might continue to boost output so they will have enough stock when a power shortage comes in the summer," she said.

China is facing serious power shortages over the summer, with the State Grid Corp anticipating a capacity gap of 30 to 40 gigawatts.

Thousands of small mills will face the challenge of power shortages because the government will first guarantee electricity to residential users.

Related readings:
Steel output may fall as power cuts loom China's steelmakers diversify amid profits squeeze
Steel output may fall as power cuts loom China's crude steel output rises 8.69% in Q1
Steel output may fall as power cuts loom Steel mills hurt by high costs
Steel output may fall as power cuts loom China's steel output growth to slow

The government is limiting power supplies in southern China. Hunan Valin Steel Co Ltd and smaller mills reported output reductions because of local power shortages, according to Bloomberg News.

However, in northern China, Hebei Iron & Steel Group and Shandong Iron & Steel Group have not yet reported reduced output.

Last year's mandatory power cuts to meet energy-saving targets forced small steel producers in Hebei province to cut output or close mills.

Steel prices remained flat for a week, with rebar costing 4,940 yuan ($760) a ton on the Shanghai spot market, unchanged since May 17, according to the consultancy Mysteel.

Zhang said the electricity shortage will affect the whole industry chain including raw material producers, possibly pushing up the prices of raw materials and steel products.

Xicheng Steel increased its price for deformed steel bar by 20 yuan a ton on Monday, while Handan Steel increased its price by 30 yuan a ton.

Prices remained stagnant at most steel mills, however. The cost rises for steel products mainly involve construction plates, as the downstream of steel plates including the car industry remained sluggish.

The Indian steel producer JSW Steel Ltd said higher raw material prices are likely to keep margins under pressure during the quarter which started in June. Coking coal prices have increased to an average $330 a ton in March from $225 in January. Iron ore prices have risen by $50 a ton compared with last year.

Indian ore with an iron content of 63.5 percent was being offered at $183 to $186 a ton including freight on Thursday and Friday, the industry consultancy Umetal said.

According to data from the National Development and Reform Commission, Operating costs for Chinese steelmakers rose 17 percent to 30.1 billion yuan in the first quarter. The price of steel products increased 17 percent while the price of iron ore rose 40 percent, squeezing the companies' profits.

分享按鈕
主站蜘蛛池模板: 高清一级片| 欧美国产在线视频 | a级国产乱理伦片在线 | 亚洲在线播放 | 久久精品中文字幕免费 | 午夜主播福利视频在线观看 | 一级待一黄aaa大片在线还看 | 在线一区国产 | 欧美成人私人视频88在线观看 | 久久久久久亚洲精品 | 全国男人的天堂天堂网 | 国产91区 | 最新毛片久热97免费精品视频 | 精品久久久久久国产免费了 | 日韩在线观看一区二区三区 | 色老汉丁香网 | 超清首页 国产 亚洲 丝袜 | 国产精品自拍第一页 | 日本特级黄毛片毛片视频 | 国产真实乱子伦精品视 | 女人被男人躁得好爽免费文 | 极品美女一级毛片 | 亚洲精品国产一区二区三区在 | 国产一区二区免费在线观看 | 一级毛片aaaaaa视频免费看 | 亚洲欧美一区二区久久香蕉 | 2019天天操天天干天天透 | 国产精品成人免费观看 | 免费看成人毛片日本久久 | 一级看片 | 波多野结衣一区在线观看 | 免费视频久久久 | 超级香蕉97视频在线观看一区 | 精品久久久久久免费影院 | 国产a精品三级 | 欧美日韩精品高清一区二区 | 国产成人毛片 | 国产精品青草久久福利不卡 | 国产精品线在线精品国语 | 在线观看一区二区三区视频 | 国产乱子精品免费视观看片 |