Steel price largest launched a wave of rallies subsequent good policy

Since July, steel prices in the rebound since this year the biggest & ndash; — Steel composite index jumped nearly 5%. Several people said in an interview, the policy expectation is the main cause for this round of steel price rebound, including environmental threshold enhancement and backward steel output, and accelerated the railway construction and real estate regulation policy fine-tuning and improving demand, etc. In may this year, less than 200 kilometers from Beijing in hebei tangshan decided to shut down the clamp down on the first batch of 199 severe pollution enterprises and equipment. Hebei iron and steel account for a quarter of the national production, which accounted for half of hebei tangshan iron and steel production. The news spread, steel market stopped the continued to fall since the spring. Analysts believe the action plan for prevention and control of atmospheric pollution after the amendment, the steel industry emissions standards and monitoring will be more strict, the closure of the country's factory will be more. The National Development and Reform Commission and ministry of industry and also in action. On August 2, the National Development and Reform Commission (NDRC) in the context of the steadily push forward the readjustment of the industrial structure, put forward in the iron and steel, cement, electrolytic aluminium, flat glass, shipbuilding and other industries as the key point, dissolve the excess capacity of policy measures. Qiu Yuecheng nishimoto Shinkansen analyst thinks, a steel industry may upgrade package. The ministry announced on July 25, 19 industry backward production enterprise list, which requires 2013 out of about 7 million tons of backward steel production capacity. It was revealed that the second batch of backward list is developing. In addition, the demand is also expected to improve. Local analysts believe that the real estate regulation policy not rule out the possibility of a slight relaxation, such as supporting the first just need, enterprise refinancing relaxation, etc. , these policies will be good for the second half of the recovery of real estate investment; In addition, various ministries are stepping up for a promotion fees related policy, covering home appliances subsidy, promote environmental protection and new energy policy and the promotion of information consumption, etc. Macro economists expect the second half of the investment in turn shantytowns into new housing areas, railway and urban infrastructure construction, and related promotion fee policy, steel demand is expected to gradually recover. However, there are also some negative factors in the second half of the market, such as the fed's QE policy exit, IPO restart, and comprehensive debt audit of the market & other; Disturbance & throughout; And so on. Therefore, in the second half of the steel market is in the second quarter is expected to better, but not more than the possibility of a peak in February.