Japanese tool steel standard-JIS G4404-2000
Tool steel- JIS G4404-2000
Japanese Tool steel material standard-JIS G4404-2000
Eight the ministries outgoing message is right “corpse enterprise” firm compression to withdraw from the related loan
Zombie companies “suffered another bad Recently, People’s Bank of China and other eight ministries jointly issued a document called for serious excess capacity without obtaining the legal formalities industry new capacity construction projects will not be allowed to give credit; For long-term losses, loss of liquidity and market competition force “zombie companies” or environmentally friendly, safe production of non-compliance and corrective hopeless enterprise and backward production capacity, and resolutely quit compression related loans.
The document, titled “Opinions on financial support steady growth of industrial structural adjustment increase efficiency,” (hereinafter referred to as “Opinion”) is intended to “further enhance the ability of financial services, industrial restructuring and development of breakthrough faced difficulties in financing, financing your bottlenecks, increase financial industry supply-side structural reforms and industrial steady growth, structural adjustment, increase efficiency of support, to promote industrial production, to inventory, deleveraging, lower cost, fill the short board, accelerate industrial restructuring and upgrading. ”
“Opinions” to strengthen the monetary and credit policy from support, to create a favorable monetary and financial environment, improve the capital market, insurance market for industrial enterprises to support efforts to promote industrial innovation and enterprise financing mechanisms, promotion of industrial corporate mergers and acquisitions, to support industrial enterprises to accelerate the “go global “to strengthen risk prevention and coordination put forward a series of six support industrial transformation and upgrading, lowering the efficiency of specific financial policies.
Among the most eye-catching than “differentiated industrial credit policy.” The policy is clear credit “favorite”: major technical innovation, industrial upgrading and structural adjustment programs will be favored. Banking institutions will be under the premise of risk control, appropriate to reduce the proportion of down payment loans for new energy vehicles, used cars and reasonable expansion of automobile consumption credit, support for new energy production, consumption and automobile related industries. For iron and steel, nonferrous metals, building materials, shipbuilding, coal and other industries a competitive product, market, cost-effective high-quality companies continue to give credit support to help promising businesses weather the storm. The “zombie companies” and backward production capacity will eat “cold shoulder.”
To prevent the “differential treatment” possible impact, “opinions” also requires actively and steadily do “zombie companies” Credit quit, maintain bank credit assets safe. Give full play to the role of financial credit information database, establish and improve inter-departmental disciplinary mechanisms, malicious evasion of bank debt and “malicious de Paul” enterprises and individuals to form a strong constraint.
In addition, the “Opinions” requires increased capital market, insurance market to support industrial enterprises.
Support in line with the “Made in China 2025” strategic emerging industries and manufacturing enterprises direction, at all levels of equity capital market financing. Encourage industrial enterprises to expand debt issuance standardized products to replace other high-cost financing. To regulate the operation of industrial enterprises in improving safeguards on the basis of debt to support its issuance of corporate credit bonds for debt restructuring. Expand the company’s credit class bonds issued to expand the exchangeable bonds, convertible bond market. Actively develop green bonds, high yield bonds, asset securitization and other innovative green financial instruments.
Steadily promote the development of asset securitization. Further promote the securitization of credit assets, supported by bank and revitalize the stock of credit to increase credit support to industry. Accelerate the housing and car loans securitization. Under the premise of prudent and secure, choose a small number of financial institutions qualified to carry out exploration of non-performing asset securitization pilot. Accelerating accounts receivable securitization business asset securitization business development and revitalize the stock of assets of industrial enterprises.
Advancing the first (set) of major technical equipment pilot the insurance compensation mechanism, the study of new materials, key components included in the first application of insurance premiums once the scope of the compensation mechanism. (Reporter Dong Wei)
The steel products stock market price increase scope increases anticipation in March the spring offensive
At present some steel trades believe that after the holiday opens, the steel market performance will take stably primarily, has the steel trade to think that along with “Opinion” appearing, the national supplies side will reform will continue to catch up, after Spring Festival, the steel business will turn round to produce will also be under suppression of certain extent. After Spring Festival, future so-called “busy season”, definitely will have new one round “makes up storehouse” behavior, the steel city has possibility appearance “grand opening”. But because the demand relatively is also weak, even if after Spring Festival, the steel price will bounce once again excessively will not be high. The factor superimposition, it is estimated that the market or takes steadily primarily. Also some steel trades believe that, the city, the steel price has very big probability to continue maintains the rise! From now on Spring Festival to late February, will warm up along with the weather, the architectural engineering since the new year construction period, regarding the downstream demand, or adds the steel price rise power! 1st, steel city resources supplies condition, according to market performance, some sources of goods is at present tight, was still the important support of steel price rise, but demand at present still obviously murky,” three quotation will have the negative influence to so-called gold “. 2nd, last year steel price was continually murky, the steel price saw the bottom call to surge upward, had the gratifying change at the end of the year, some steel mills carried on to raise the plate price, was favors the short-term quotation the important attribute. Regarding immediately, the steel trade must dealt fully from preparation, fund preparation and steel products preparation and other aspects, to deal in February and March possibly rise steel city quotation.
New year, New 2016! Let’s do it better-Otai Special Steel
New year, New 2016! Let’s do it better-Otai Special Steel
Chinese ports pile will be more than 100 million tons of iron ore?
Due to the increased cost of iron ore supply, coupled with the national steel production during the Spring Festival holiday is limited, before the arrival of the Chinese New Year holiday, Chinese iron ore port storage may exceed 100 million metric tons.
Bloomberg news agency quoted Zhao beyond futures analyst commented that the reason for the prediction port stocks above scale, originated from Australia and Brazil iron ore shipped to Chinese ports increased, especially in December last year, the sharp rise in shipments, And China’s own needs but also in the period before the Spring Festival this seasonal weakness.
Last week, China Customs announced in December last year, China’s iron ore import volume growth of 17%, to a record 96.27 million tons, the continuation of the growth momentum in November. Wall Street was informative article mentioned that the recent iron ore imports and steel industry rebound may pick up related. Last December the steel industry PMI data was 40.6, although still far below the line ups and downs, but the previous value of 37, a sharp improvement.
Beyond Zhao pointed out that domestic steel mills usually yield contraction in the Chinese New Year holidays, as construction activity slowed down, the workers holiday. Festival more mills will resume production, boosting demand for iron ore, port stocks are expected to fall.
Bloomberg also mentioned that a Shanghai Information Technology Co., data showed last week, Chinese iron ore port stocks rose 1.7 percent to 94.55 million metric tons, not only in the past four months, the stock continued to grow, but also over the five-year average of 92.7 million mt. Last reach 100 million tonnes in March last year.
Chinese iron ore port stocks increase means that the market oversupply situation continued, iron ore prices will be under further downward pressure. Last week, Citigroup also expects iron ore inventories at Chinese ports may more than 100 million tonnes in the first half of this year, also expects iron ore price of $ 36 per ton, compared with the previous forecast by 12%.
Last week, Citigroup Asia head of commodities research at Ivan Szpakowski said that iron ore is a high possibility this year of $ 30 per tonne below the important price, the main pressures from the demand side, “weak Chinese demand for steel, which means Steel production will decline, he said Chinese demand for iron ore will be weaker. “
Steel price index early warning report
The current domestic situation of supply and demand of double weak in hong kong-listed whole, on the one hand, near the Spring Festival, site shutdown, end demand weakening trend is obvious; On the other hand, steel mills for losses and money is tight, production enthusiasm is not high also, supply is low. After this week, fell back quickly, the early stage of the low-cost resources basic digestion, starting next week, the market will gradually turn into marketable no market situation, the domestic steel prices are expected to stabilize finishing moves. Based on this, the market remains neutral evaluation – blue warning next week。
Estimate
Chinese war to overcapacity or cause 300 million people laid off
Xinhua News Agency report quoted the CICC report, the next 2-3 years, if the most serious overcapacity in the industry to cut 30 percent, 300 million people will cause layoffs. These industries include: iron and steel, coal mining, cement, shipbuilding, aluminum and plate glass.
According to the 1998 experience, after 21 million laid-off workers have more than 1300 people re-employed, more than 100 people to get inside the place, accounting for about one-third of the remaining unemployed. According to this proportion, 30 percent above the five industries cut could bring one million unemployed, representing 0.3% of urban employment, the unemployment rate rose slightly. In this regard the need to increase financial transfer payments.
January 7, Chinese Premier Li Keqiang said that coal is an important basic iron and steel industry, courage ton output capacity to resolve excess capacity. Increased fiscal support, the central and local give grants funds for staffing. Chaired the coal industry to resolve when the steel overcapacity work of the forum mentioned as cultivate new momentum, the development of new formats on the 4th in Taiyuan. This creates a lot of jobs, but also for creating the conditions to resolve the overcapacity.
Late last month, deputy director of the Central Financial Work Leading Group Office of Yang Weimin also believes that the capacity does not appear to mass layoffs. Structural reforms to solve the core problem is corrected three levels allocative distortions. “Macroeconomic policy to be stable,” “industrial policy should be stable,” and other five policy is to promote the general idea of supply-side structural reforms, the implementation of supply-side structural reforms to boost domestic demand is not a negative, not rely on a file to implement the program, resolve excess capacity will inevitably There pains fallback policy to protect the “two basic”, will not appear laid-off large-scale problems.
China Bureau of Statistics survey unemployment rate this year will be officially released statistics, business is not easy in view of layoffs and the transfer of migrant workers return home for urban employment will continue to form the buffer, the unemployment rate may continue to show steady.
In this regard the need to increase financial transfer payments, due to overcapacity regional imbalances in the distribution industry, some areas face greater pressure to superiors give more financial support.
Red wine is bad for you, Britain say experts
Red wine is bad for your health, experts reveal in a new report.
In a u-turn, Government experts have dismissed the supposed health benefits of wine and are set to rewrite the rule book on the nation’s alcohol consumption, according to reports.
A landmark report by Chief Medical Officer Dame Sally Davies will destroy the long-held belief that red wine can cut the risk of cancer, heart disease and memory loss when drunk in moderation, the Sun reported.
In the first overhaul of alcohol guidelines for two decades, doctors will reportedly warn that there is no “safe” level of alcohol consumption and drinking just a small amount may in fact increase the risk of some cancers.
A source said: “The report will send a clear signal that the dangers of drinking are far more than previously thought.”
The review was launched in 2012 and its findings are expected to reflect the latest research that links even occasional alcohol consumption to health problems in later life.
The Government currently advises men do not drink more than three to four units per day – up to 21 units or less per week – while women should drink no more than two to three units a day, or 14 units per week.
Under the new guidelines the gender difference will be thrown out and drinkers will be to keep off the booze for at least two days a week in order to allow their livers to recover.
A recent study by University College London found patients who gave up for four weeks saw benefits for their liver function, blood pressure and cholesterol levels and were also at lower risk of developing diabetes and liver disease.
And a report by the National Institute for Health and Clinical Excellence (Nice) advised middle-aged people there is “no safe level of alcohol consumption”.
It says the same health benefits can be more easily achieved with exercise and healthy eating.
So now don’t buy Red Wine. Buy Steel is better from OTAI SPECIAL STEEL. 😀
China steel market rose to a higher level of iron ore stocks rose to the stage
Shanghai January 10 Xinhua News Agency Reuters topic: domestic steel market rose to expand iron ore stocks rose to stage high point
Due to the strong influence of the futures market, the domestic spot steel market extended gains. But the demand is not sustained release. Iron ore prices were slightly weaker, mining city of inventories have risen to high stage.
Last week, the domestic spot steel prices. The week, early in billet prices rose and led to strength in the futures market, the spot steel prices rose significantly. However, the demand was not sustained release, combined steel production complex dynamic enhancements, new resources complement gradually put in place, lack of willingness to market very price. The latter part of the week, business confidence has declined, there appears Paohuo realizable phenomenon.
In the construction steel market, the overall price rise. Shanghai, Jinan, Guangzhou and other places t price week rose 10-110 yuan. But the price is a total of Hangzhou, Nanchang and other individual areas fell slightly. In Beijing, Tianjin market, the price quickly pull up the first round, will soon market transactions blocked. However, the current inventory is still low, businesses after completion of the expected sales volume continues to increase offer.
In the plate market, prices generally rise. Hot rolled coil prices rose sharply, but a closer look at specific market, in Shanghai, Hefei, Guangzhou and other places, the general situation is finished lower, after the transaction slip, prices a certain callback. Moreover, the late New resources would increase the supply pressure on the market. Plate prices also rose sharply, Shanghai, Guangzhou, Wuhan and other places about a week t price rose 10-60 yuan. Currently, tight resources can be sold for the price of a certain role in supporting the market, but the subsequent injection of new resources, supply and demand pattern will change.
Iron ore market in a weak market in the fall. According to the “West of the Shinkansen,” the latest report, the domestic ore market in Hebei iron ore fines price holiday run smoothly. Despite the recent steel market has been warmer, steel production complex power will be increased, but signs of the actual commencement of construction steel no recovery, demand for domestic ore is still relatively low. Festival continuous imported iron ore prices fell slightly, as of the 7th, Platts 62% grade iron ore index closed at 41.7 US dollars per ton, down $ 1.55 compared with before the holiday. Currently, the supply of international mainstream mining enterprises are still increasing, while the average daily domestic crude steel production has continuously dropped Lent, iron ore oversupply pressure is still large. Festival, iron ore port stocks rose significantly, hitting a new high since April 2015.
Relevant institutions analysts believe that the recent three-week period, the accumulated domestic steel prices rose on average per ton has more than 200 yuan. With the Spring Festival approaching, the end demand steel market will inevitably decline, the wishes of profitable merchant cash resources will be enhanced. Short-term, domestic steel prices facing some pullback pressure.
