China's overseas steel orders slumped in April, and the situation will worsen further this month because of the gloomy global economy, analysts said.
The export orders index for the iron and steel industry in April was 45.8, a drop of 17.4 points from March, according to the purchasing managers' index of the iron and steel industry, which was released by the Lange Steel Information Research Center on Monday.
"Steel producers and traders suffered from the reduction of overseas orders in April," said Zhang Lin, senior analyst at the research center.
"The reduction means that China will export less steel in May, and the number of domestic orders has also dropped."
Steel exports in March reached 5.03 million metric tons, up 48 percent month-on-month, according to customs data. But that pace won't continue in May.
On the domestic front, the markets for coal, nonferrous metals and cement have been recovering in recent months, so the steel industry will have its boom season in the second and third quarters - provided that incentive policies are carried out and the economy doesn't weaken, Lange said.
"If the European debt crisis doesn't get worse, China's exports will see growth, especially in the field of mechanical and electronic products, which will promote the growth of steel exports indirectly," said Chen Kexin, senior industrial analyst.
However, he said, if the European debt crisis worsens, it will depress China's exports, which will influence the prices of steel and iron ore.
Meanwhile, the domestic steel industry faces a simultaneous increase in output and inventories, which may depress prices.
Crude steel output in March was 61.58 million tons, up 3.9 percent month-on-month.
According to the China Iron and Steel Association, the daily output of crude steel in early and middle April was about 2 million tons, which is relatively high.
Figures show that by the end of April, inventories among large steel makers in 29 cities had risen 1.71 million tons year-on-year, which indicates that the oversupply situation persists in China.
Chen said if crude steel output remains high, the domestic market will be very volatile.
Property prices play a role, too, and many analysts believed that housing prices are set for a further decline of 10 percent or more amid government curbs on the sector.
Chen said if that happens, the "collapse" of the real estate industry will influence many important industries including metals, cement, electronic appliances and logistics.
"The possibility has affected the confidence of steel traders, investors and buyers," he said.
"Thus, many of them are delaying purchases".
主站蜘蛛池模板： 精品久久久久久久九九九精品| 抽搐一进一出gif日本| 无码中文字幕av免费放| 国产成人精品综合| 一级特黄aaa大片在线观看| 欧美性生交xxxxx丝袜| 你懂的手机在线视频| 国产91免费在线观看| 夫醉酒被公侵犯的电影中字版| 九九久久久久午夜精选| 欧美日韩一区二区在线| 同学浓精灌麻麻| 被公侵犯肉体的中文字幕| 国产色在线播放| chinese国产xxxx实拍| 性初第一次电影在线观看| 中文无码av一区二区三区| 欧美日韩一区二区综合| 伊人色综合视频一区二区三区| 精品国精品无码自拍自在线| 国产成品精品午夜视频| 视频免费在线观看| 婷婷开心中文字幕| 乱中年女人伦av一区二区| 欧美日韩一区二区三区四区在线观看| 人人妻人人澡人人爽人人精品 | 日韩精品一区二区三区国语自制 | 成人午夜电影在线| 亚洲一区二区精品视频| 欧美日韩一品道| 亚洲无线一二三四区| 欧美老熟妇乱大交xxxxx| 四虎永久在线精品影院| 西西www人体高清视频在线观看| 国产在线精品一区二区不卡麻豆 | 国产精品一区二区久久不卡| 一二三四在线视频社区8| 成人免费无码大片a毛片软件| 中文字幕在线日韩| 最色网在线观看| 乱系列中文字幕在线视频|