【Steel News】

1. The daily output of crude steel has dropped for 30 consecutive days, hitting a new low in the past 1 year

According to the latest data released by the China Iron and Steel Association, the daily crude steel output of key steel companies in the first ten days of February fell by 3.57% month-on-month to 1.628 million tons, which has dropped for three consecutive ten days and hit a new low in nearly a year.

Relevant data show that from January 4 to February 26, the average domestic steel spot price index fell from 2,840 yuan/ton to 2,530 yuan/ton, a cumulative decrease of 10.9%. (Great Wisdom Asdaq News Agency)

2. The China-Korea Free Trade Zone has completed negotiations, and a variety of steel products are expected to achieve trade liberalization

On February 25, China and South Korea initially signed the Free Trade Agreement (FTA), and disclosed the contents of the agreement involving tariff reductions. The two countries agreed to formally sign the agreement in the first half of this year. Among all the free trade agreements signed by South Korea and other countries, the China-South Korea FTA has the largest number of tariff preference objects. Among them, in the iron and steel field, trade liberalization of products such as cold coils, medium and heavy plates and stainless hot-rolled steel plates will be realized. (Nishimoto Shinkansen website)

3. Shagang Rhapsody Steel boss wants to leave Steel?

On the first day of the new year, Shagang announced that Shagang Group transferred 55.12% of its shares to 9 natural persons. After Shagang Group reduced its shareholding, Shen Wenrong's actual control has not changed, but its absolute control has changed.

According to media analysis, although Shagang performed well in 2014, its profitability growth capacity is still worrying, so it is not ruled out that Shen Wenrong intends to withdraw from the steel industry. (China Economic Information Network)

4. The output of "the world's largest steel province" fell for the first time in 14 years

In 2014, the crude steel output in Hebei Province was 185 million tons, a year-on-year decrease of 0.60%. This slight change was highlighted as the first drop in 14 years.

The State Council requires that by the end of 2017, the country will cut 80 million tons of steel production capacity, of which 60 million tons will fall in Hebei, which is equivalent to the crude steel output of Germany and France in 2014. Hebei, especially Qian'an, Wu'an, Fengnan and other counties and cities where "one steel dominates", felt the heavy pressure of the cold winter. (Xinhua News Agency)

5. ArcelorMittal's operating profit surged last year but still lost money

In 2014, the world's number one steel mill ArcelorMittal's sales revenue was US$79.282 billion, a year-on-year decrease of 0.2%, EBITDA was US$7.237 billion, an increase of 5.1%, and operating profit was US$3.034 billion, a sharp increase of 153.5%, but the annual loss 1.08 billion US dollars, a loss for 3 consecutive years. (China United Steel Network)

6. Iron ore giant Vale’s fourth-quarter revenue fell 30.4% year-on-year

Iron ore giant Vale on Thursday announced a fourth-quarter loss of 5 cents per share. The figure was 24 cents below market expectations. Full-quarter revenue was $9.23 billion, down 30.4% year-on-year, but $190 million higher than expected. (NetEase Finance)

7. my country's largest cross-section heavy rail steel production line in Panzhihua Iron and Steel Co., Ltd. was successfully put into operation

It is reported that the quality of the heavy rail steel billets cast for the first time after the transformation of the No. This marks that Panzhihua Iron and Steel has built the largest cross-section heavy rail steel casting production line in my country, which has laid a foundation for increasing the output of heavy rail products and developing new varieties. (China Iron and Steel News Network - Pangang Daily)

8. POSCO Engineering Construction actively promotes Latin American business

POSCO E&C, a subsidiary of South Korean steel company Posco, plans to further expand its business in Latin America, placing high hopes on the region's economic development potential. An executive of POSCO E&C revealed that the diversification and expansion of its overseas business had been completed before. Competitors focused on the Middle East, while POSCO E&C decided to make a breakthrough in the Latin American market. (China Steel News Network)

9. Nanjing's 10-year rectification and shutdown of heavy industrial enterprises, steel and other projects shall not be approved

The executive meeting of the Nanjing Municipal Government was held on the 25th. The city issued a relevant decision last year to realize the withdrawal of all heavy industrial enterprises in 10 years, and complete the relocation and closure of key enterprises such as Nanjing Iron and Steel, Meishan Iron and Steel (including Meishan Iron Mine and related enterprises) and other key enterprises. This year, Nanjing will still vigorously promote the prevention and control of industrial pollution, and projects such as steel and iron are not allowed to be approved, approved or filed within the city. (Xinhua Daily)

【Macroeconomics】

10. The Bureau of Statistics released the 2014 Statistical Bulletin

The National Bureau of Statistics recently released the 2014 National Economic and Social Development Statistical Bulletin. According to preliminary calculations, the annual GDP was 63,646.3 billion yuan, an increase of 4.4% over the previous year.

In terms of fiscal revenue, the national general government fiscal revenue for the whole year was 1.435 trillion yuan, an increase of 1.114 trillion yuan or 8.6% over the previous year. The tax revenue also reached 119.158 trillion yuan, an increase of 862.7 billion yuan. yuan, up 7.8%.

Xie Hongguang, deputy director of the National Bureau of Statistics, said that the new normal should give birth to new impetus, and new progress breeds new hope. This data shows that in the past year, the economy has entered the new normal, but the growth rate has not lost momentum. (Central Broadcasting Network)

11. The Ministry of Finance issued a notice to promote local revitalization of financial stock funds

A few days ago, the Ministry of Finance issued a notice on matters related to promoting local revitalization of financial stock funds.

The circular pointed out that the financial departments at all levels should aim at stabilizing growth, promoting reform, adjusting structure, and benefiting people's livelihood, and appropriate funds used according to their original purposes should be allocated and put into use as soon as possible; It is used in key areas such as shantytown renovation, urban infrastructure, railway and highway construction, and major water conservancy projects to improve the efficiency of financial capital use. (Ministry of Finance website)

12. State Administration of Taxation: This year will promote real estate tax and other related tax legislation

On the 26th, the State Administration of Taxation issued the "Guiding Opinions on Comprehensively Promoting Tax Administration by Law". Jin Wanjun, deputy director of the Department of Policies and Regulations of the State Administration of Taxation, said that this year will improve the quality of tax system construction, including actively promoting real estate tax, environmental protection tax and other related tax legislation, insisting on the unification and connection of reform and legislative decisions; accelerating the standardization of tax policy work Construction, implement the rule of law requirements into the establishment, reform, abolition and interpretation of tax policies; broaden the scope and content of legal review of tax normative documents; deeply participate in the formulation of international tax rules. (Capital Securities Network)

13. Global RMB reserves may increase by $500 billion in the next five years

On February 26, UBS said that more than 60 central banks hold yuan in currency reserves, and the yuan held by global central banks and sovereign wealth funds is expected to increase by $500 billion in the next five years. According to current data from UBS, the RMB accounts for about 0.1% to 0.3% of global reserves, and this proportion should rise to 2% in the next five years.

"The dominance of the U.S. dollar will not be shaken in the short term, and it may be gradually replaced by a multi-currency system. The U.S. dollar will not be able to dominate in the future, and the renminbi is likely to become one of the global reserve currencies around 2025." Relevant experts said. (First Financial Daily)

14. The construction of the coking industry chain is imminent

China Coking Association recently released the 2014 industry operation report. The report shows that from January to November 2014, the accumulated profits of industrial enterprises above designated size in my country's coking industry were 3.7 billion yuan; the total loss of 321 loss-making enterprises was 16.2 billion yuan, and the industry loss was as high as 49%.

In this regard, Cui Pijiang, president of the China Coking Industry Association, pointed out that "now is the best time to integrate and build an efficient industrial chain." (Economic Daily)

15. Equipment manufacturing industry accounts for over 30% of the economy

The National Bureau of Statistics further disclosed that the added value of high-tech manufacturing increased by 12.3% over the previous year, accounting for 10.6% of the added value of industries above designated size. The added value of equipment manufacturing industry increased by 10.5%, accounting for 30.4% of the added value of industrial enterprises above designated size.

Xie Hongguang, deputy director of the National Bureau of Statistics, said that the economic structure and growth drivers are undergoing profound changes. The rapid development of high-end manufacturing and modern service industries shows that my country's economy is in the process of evolving to the mid-to-high end and will continue this process. (First Financial Daily)

16. Yue Fubin: Coal-to-liquid is an important direction for clean coal utilization

Recently, the National Energy Administration, the Ministry of Environmental Protection, and the Ministry of Industry and Information Technology jointly issued opinions on promoting the safe, green development and clean and efficient utilization of coal, proposing to actively promote the transformation of coal development methods and improve the comprehensive development and utilization of coal resources. Regarding the clean and efficient utilization of coal, Yue Fubin, dean of the China Coal Economic Research Institute of the Central University of Finance and Economics, believes that coal-to-liquids is an important direction for the clean utilization of coal. He believes that my country is a coal-rich country, and the development of coal-to-liquids in my country is an epoch-making and a matter of great strategic significance. (China News Network)

17. China Banking Regulatory Commission: At the end of January, the total liabilities of financial institutions increased by 13.4% year-on-year

On February 26, the China Banking Regulatory Commission announced the asset data of banking financial institutions in January.

Data show that the total domestic assets of China's banking financial institutions at the end of January were 169.7 trillion yuan, a year-on-year increase of 13.9%. At the end of January, the total domestic liabilities of China's banking financial institutions were 157.2 trillion yuan, a year-on-year increase of 13.4%. The growth rate was higher than that in December of the previous year. (China Securities Network)

18. The central bank releases another 38 billion yuan of water, and continuous drip irrigation is difficult to quench thirst

Yesterday, the central bank conducted a 14-day reverse repurchase operation of 38 billion yuan in the open market, and the winning bid rate remained unchanged at 4.10%.

"The central bank's continued reverse repurchase operation after the Spring Festival shows the stability of the market, and it also means that drip irrigation will still be an important channel for the central bank to supplement market liquidity." Industry insiders said, but from the current situation, only relying on Drip irrigation may be difficult to quench the thirst of the real economy, and the fight against deflation must also take a big move to cut interest rates. (Securities Daily)

19. In 2014, the national raw coal output was 3.87 billion tons

According to the 2014 National Economic and Social Development Statistical Bulletin recently released by the National Bureau of Statistics, my country's raw coal output in 2014 was 3.87 billion tons.

The communique showed that raw coal production in 2014 fell 2.5 percent from a year earlier, the first drop since the Bureau of Statistics released its annual report. (China Coal Resources Network)

20. International oil prices plummeted 5.53% on Thursday, the lowest in a month

Affected by the rising dollar and profit-taking by investors, international oil prices fell on the 26th.

The dollar rose across the board against other major currencies on the day, reducing the investment appeal of dollar-denominated oil and weighing on oil prices.

As of the close of the day, light sweet crude oil futures for April delivery on the New York Mercantile Exchange fell $2.82, or 5.53%, to settle at $48.17 a barrel (the lowest close of the main contract since the end of January). price).

output