2011 Steel Year Keywords

1. China's iron ore price index Foreign iron ore resources are monopolized by Rio Tinto, BHP Billiton and Vale. It has long been difficult for China to break the monopoly of foreign iron ore seller resources, and the international three iron ore pricing indices also exist. Monopoly is suspect. The three major indices are Global Steel News (SBB)'s TSI index, Metal Guide (MB)'s MBIO index and Platts' Platts index, which are often used by international iron ore sellers. Chinese steel mills accept their prices. In order to break through the monopoly of iron ore resources, many domestic institutions have launched “iron ore price index”, among them, China Steel Association, China Steel Network, Lange Steel Network, Xinhua Net, and Business Association... 2. Mergers and acquisitions in the industry On November 7th, the Ministry of Industry and Information Technology said that the number of steel enterprises should be greatly reduced. By the end of the 12th Five-Year Plan, the proportion of steel production in the top 10 steel enterprises in the country should be increased from 48.6% to 60%. 3. The Ministry of Industry and Industry of the “Twelfth Five-Year Plan” of the iron and steel industry issued the “Twelfth Five-Year Development Plan for the Iron and Steel Industry” on November 7. The plan predicts that the domestic crude steel-oriented consumption in 2015 will be about 750 million tons. The plan also clearly stated that at the end of the "Twelfth Five-Year Plan", it is necessary to initially realize the transformation of the steel industry from large to strong: to achieve large-scale production of high-strength and high-tough automotive steel, silicon steel sheets and other varieties with large imports, domestic market share More than 90%; blast furnaces of 400 cubic meters and below (excluding cast iron), converters and electric furnaces of 30 tons and below, adding more than 100 million tons of overseas iron ore production capacity; significantly reducing the number of steel enterprises, ranking the top 10 in China The proportion of the steel enterprise group steel production in the national total increased from 48.6% to about 60%. 4. Real estate regulation On January 6, 2011, Premier Wen Jiabao of the State Council presided over the State Council executive meeting to study and deploy to further improve the regulation of the real estate market. The new country eight swords refer to the second floor of the second floor of the property market raised to 60%. The land must determine the new housing price control target; there are 2 suites of families to suspend the purchase of housing; 5 years of second-hand housing full amount of business tax. 5. Anti-dumping investigation In 2011, other countries still have more investigations on the trade rescue of steel products in China. Monitoring shows that from January to October 2011, a total of 11 countries initiated a trade rescue investigation on 9 kinds of steel products and 3 kinds of steel products exported by China. The types of investigations touched on anti-dumping and double-anti-anti-dumping (anti-dumping and countervailing) merger investigations. There are two “double-reverse” investigations in the United States and Canada, and the others are anti-dumping investigations.

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