国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

NDRC warns against rigged price hikes of steels

(Xinhua)
Updated: 2007-09-07 14:19

Steel products are displayed on a metallurgy exhibition in Shanghai on May 10. China's top economic planner urged to curb "drastic fluctuations" of domestic steel prices on Thursday. [newsphoto] 

China's top economic planner said on Thursday efforts should be made to curb "drastic fluctuations" of domestic steel prices which have been rising for seven consecutive weeks. 

The National Development and Reform Commissions (NDRC) said the domestic demand and export of steel products should be controlled. It warned against coordinated actions to bid up the prices of steels.

According to the nation's market watchdog, the average price of four types of major steel products rose by 17.8 percent to 4,358 yuan (US$573.4) last week compared with the same period of last year.

Surging domestic demands, a slight decline in supplies and soaring iron ore price have contributed to the recent price hikes of steel products, said the NDRC.

China's fixed assets investment in urban regions rose by 26.6 percent year-on-year to 5.67 trillion yuan in the first seven months this year. Investment in real estate sector reached 1.21 trillion yuan, up 28.9 percent.

While the supply of steels dropped by 5.3 percent in July over the previous month due to suspension of production in some areas out of concerns of energy saving and production safety.

The price of iron ore produced in North China's Hebei Province went up by 80 percent to 1,097 yuan per ton compared with last year.

The economic planner also pointed to high flying international steel prices, rumors about future price hikes and illegal operations of some producers and sellers.

Factories could resume production with easing power shortages in autumn, which would increase the supply, said the planner. But the commission still called for intensified measures to reign in fixed assets investment, stricter control over steel export and closer watch over the market.

China became the world's No. 1 steel exporter in 2006, triggering frequent disputes with its trade partners in the US and the EU.


(For more biz stories, please visit Industry Updates)



Related Stories  
牙克石市| 玛纳斯县| 梧州市| 陕西省| 巫山县| 上高县| 车致| 汶川县| 六安市| 车险| 禹州市| 五峰| 三门峡市| 肃宁县| 揭东县| 平谷区| 邹城市| 彭水| 增城市| 碌曲县| 武义县| 西昌市| 绥滨县| 田林县| 邯郸市| 广德县| 博罗县| 格尔木市| 含山县| 荣昌县| 库尔勒市| 高碑店市| 洛宁县| 雷州市| 田林县| 晴隆县| 乌兰县| 南投县| 昌平区| 浑源县| 明水县|