German chancellor's visit to China

According to AFP, ms merkel's visit is the seventh time since 2005,ASTM A234-wpb short radius pipe elbow 90deg German chancellor's visit to China, she wants to borrow the trip to deepen, in the trade and investment relations between the two great export powers. Reported that ms merkel has repeatedly said, with the development of China such a populous country,asme Standard b16.5 slip on flanges a105 crisis-hit Europe must try to develop and seek reform, only in this way can survive in the global market.

Said the New York times article, since ms merkel as Germany's chancellor,JIS B2220 SOP FF 10K Flange she and the German business established a stable political and economic and trade ties with China. Ms merkel's visit to the rapid growth of bilateral economic and trade relations "golden decade". The article said, the confidence of the German business people to invest in China is higher than their European counterparts.

To block the democratic

Since established in 2010 Joseph ricketts,bridge building ASTM welded steel pipe "put an end to government spending," the group has been raised and spent $25 million political donations. In 2012, the money had strong support republican presidential candidate mitt romney.Ricketts family founded one of the big five U.S. online brokerage Ameritrade, Ameritrade up in buffett's hometown in Nebraska, Omaha.

According to bloomberg billionaires list, ricketts family has more than $3 billion in assets, is also a main holders of the Chicago cubs baseball team."End" government spending in the past there were published 1350 campaign of the nature of television advertising,carbon steel seamless A106 steel pipe and pipeline who helped the republicans brad byrne (BradByrne) in the election in the state of Alabama, and won a house seats in the second half of last year.

In the coming mid-term elections in November,class 150 lb forging slip on flange nominal pipe size the republican party as long as from the Democrats take six seats can regain control of the senate, and "end" government spending is the most important political power in a group.

China's auto demand is driving the demand for African oil

China's auto demand is driving the demand for African oil, tens of millions of Chinese citizens by owning a car entering into the middle class lifestyle.Africa has the same growth momentum.African consumers demand is growing,spiral steel pipes 1200mm diameter it help some African countries prepare for China's economic growth is slowing.

Africa's second-biggest oil producer Angola 1.8 million barrels a day, 40% of export to China.Officials said the stable demand will lead to the country in the future to increase oil production by 10% a year.But at the same time, just the rise of the consuming class are helping drive Angola's economic growth.The IMF (International Monetary Fund,schedule 80 black butt welded pipe fittings the IMF) is expected, Angola's economy will grow by 6.3% this year, growth will be higher than 5.6% in 2012.

Brazilian pepper SA Angola market enterprise group is responsible for any manager (Gustavo Fontes), said in Angola,180 degree u bends carbon steel a234 people have consumption will, some people are spending.The company recently opened a 31 supermarket chain in Angola, to cover the local new consumers.

More than 30 JingXiong steel electric dealer

Dong Baoqing revealed that at present the department in charge of tracking steel e-commerce has amounted to more than 30.Including baosteel, shougang, hangang, masteel, shagang, wisco,carbon steel pipe api 5l x60 oil pipe valin iron and steel and other steel production enterprises to establish the enterprise of iron and steel, e-commerce includes established by a steel trade enterprises or enterprise IT industry grade steel e-commerce.

Dong Baoqing said the steel e-commerce operation way of trading, business model, different varieties, current development scale, and so on and so forth.He pointed out that the plant steel e-commerce platform to build the spot trading systems, electronic procurement,Schedule 40 elbows for chilled water system steel spot centralized trading system, customer order query system four systems, a representative in the steel mills to build platform.

IT companies who find stencil in company profile, said the company was established in 2012, from the right from the beginning, has won the male cattle, sequoia capital, partners China and perilous peak huaxing, very serious fund at home and abroad well-known fund three rounds of investment.Analysts said the stencil now find dealmaking business completely free on both the buyer and the seller;Rebates for steel mills DaiMai resources can not be offset, storage and service costs, profit model is unclear,carbon seamless steel pipe for building material "they made losses of 3-5 years (prepare)", quickly become bigger and stronger to free way, hoping to attract more large steel mills, big dealers and purchasers in their platform to buy and sell goods, "as long as the volume large enough platform can build successful, profit growth will appear", "this can be reference to taobao successful experience".

Steel giant turnround thwarted by their own disadvantage

Tangshan development of steel industry, indeed has obtained certain result, contrast group, other companies its performance is better.Iron and steel industry insiders pointed out that in every unit of hebei iron and steel, tangshan, handan keep the profit,API 5L galvanized carbon steel pipe manufacturers hebei and xuanhua, ChengGang, such as a loss, among them, the tangshan is presided by yong early start of the steel industry, is an important reason for its own remain profitable.

And looking across the industry, iron and steel enterprises the main business of general performance is difficult.According to the China iron and steel association, in September 2013, the domestic large and medium-sized steel mills profit total is 3.266 billion yuan,Galvanized Carbon Steel Round Pipe thickness 6.02mm but "is mainly affected by investment gains", iron and steel business is losing money.
The China iron and steel association, vice President and secretary general zhang changfu, sigh with emotion that the January to November 2013, steel industry profits realized a total of 16.18 billion yuan, industry sales profit margin is only 0.48%;Among them main iron and steel industry have the profits of 5.8 billion yuan, but only one ton to every measure down to earn a pound of pork.

But for hebei iron and steel group,ASME B36.10M pe coating carbon steel tube the overall development of the steel industry, analysts to netease finance pointed out that exist "genetic defects" hebei iron and steel group, it is the integration of individual steel mills restructuring and become, branch steel mills, and each branch of steel product structure is different also, comparing baosteel, wuhan iron and steel enterprise development of steel industry, all branches of hebei iron and steel group steel if the steel industry, the sole investor money pressure is big, if the joint venture investment would need to pay attention to the integration effect.

Prices go up drop calculation rule is not clear

On December 31, 2012, the national development and reform commission issued "on the implementation of the general office of the state council on deepening the reform of the coal market guidance to do a good job of production need to join notice,"Seamless tube used in steam pipe coal linkage mechanism is put forward for the first time.When coal prices fluctuate by more than 5%, with annual cycle, adjust feed-in tariff;At the same time to the electric power enterprise given prices fluctuation changed from 30% to 30%.In thermal coal prices appeared abnormal fluctuations, according to the relevant provisions of the price law temporary intervention measures.

5% of the above mentioned in the notice, the called line of electricity price adjustment policy,seamless steel pipe astm a106 gr b calculation for the annual cycle.

This year on January 9, qinhuangdao coal net released this year for the first issue of the bohai sea thermal coal index for 633 yuan/ton;Yesterday (December 25), released this year's final index for 631 yuan/ton.Years of trough appears in the October 9, the current index is 530 yuan/ton, compared with the early fell 103 yuan/ton, 16.2% decline.

Lin Bojiang in an interview with the daily economic news "reporter said that this year's coal price volatility should not according to the early and late two nodes to calculate, and should take all the average price of coal to the year and at the beginning of the coal price compare.Chief consultant farce can consult Li Ting also told reporters that should be calculated according to the annual average prices.

Ore traders appeared in the crisis

Rely on the traditional way of trade to make money, does not sell high and buy low, but for the ore trade merchants, when there is a difference between buying and selling,RF/FF welding socket slip on flange so it's difficult to avoid price risk.But in an interview with reporters found that there have been an increasing number of traders, begin to use financial instruments to hedge risk.
For trade ShangWu after ray, really realize the function of futures, and earlier this year.He was at $150 a tonne, for 300000 tons of iron ore from Australia, when the ships is on his way to China, ore prices started to fall.At this time he felt the risk, quickly on the rebar futures made an empty list.Then iron ore prices fell to $127 a tonne, spot, but fortunately the short selling in the futures market to let him earn 200 yuan per ton on rebar, accounting down not only didn't lose money also made a lot of.
Shanghai yi complex investment company chairman Wu Fulei told reporters: at that time we have, this model (traditional trade) is crazy, almost everyone is in gambling market, our philosophy is we don't bet, basically we are forecasting a drop of may, we'll do the hedge, so that we can always maintain normal profits.
First futures trading let Wu Fulei tasted the sweets, then he formed his own professional financial team, started a new trade mode combined with spot trade.As October 18 listed on the domestic iron ore futures, futures market has formed a complete coal tar and steel plate, many traders have started to use financial instruments as a safe haven.
, said: shandong wanbao group chairman for China through the platform and the tools of technology futures, for better cost of steel lock, help steel mills to reduce costs, avoid risk.

China help steel mills challenge three ore price

At present, the world's three largest mining vale, Rio tinto, BHP billiton and emerging mining fortescue accounted for more than half of the global supply of ore, and complete cost CFR (cif) are less than $60.
Highly monopoly pattern,Large diameter pipes Schedule 40 steel pipe make the production enterprise can moderately control the pace of new capacity release. In the second half of 2013 iron ore new capacity should be more, however, iron ore prices this year compared with the steel prices are still up slow down quickly. Since July this year, its biggest rebound has reached 25%, while steel prices rise 11% but at the same time period. Iron and steel enterprises in China in August first saw a little profit of dawn,90 degree pipe fitting long radius elbow September was journey into losses.
China's steel industry has a fatal weakness. For more lean ore, China's iron ore mine production cost is high, an average of $105, when the ore prices, many elimination is China's first iron ore mine.
Monopoly supply pattern is easy to form a monopoly, and the price.
China's iron ore imports account for 60% of the global total. However, Chinese steel mills are the day gets longer without getting rid of the demand side,API 5l Grade B oil line carbon steel pipe supply side for a long time but with the embarrassment of excess profit.
Even so, the iron and steel enterprise did not give up the game. They affect prices by adjusting the inventory. Over the past two years, this is particularly obvious, namely the price fluctuation in the iron ore and steel mills to stock of raw materials and reduce inventory cycle is appropriate. The iron ore market price is high,Industry Standard Welding Neck Flange many steel mills stopped buying and consumption of inventory; Spot prices fell to a certain time, steel mills started to fill inventory.
Shanghai rebar inventories last week, 6.06 million tons, far lower than at the beginning of ten million tons of high and low inventory after nearly two years. Last week, China's import iron ore port stocks, 72.46 million tons, far lower than at the beginning of the year, 90 million tons, which is nearly four years of inventories low.
And low inventory then stimulate the steel mill to fill inventory desires - iron ore imports hit a record high in September. But then, ore prices rose to more than $130, iron and steel enterprises want to cry again.

Market and the government role needs to be clarified

In view of the steel industry recent phenomenon of "high-end" excess capacity, some experts believe that clarify the market and government in the role of resolution of excess steel production capacity is mill test certificate steel pipe ASTM A53/A106 tube very important.

Law enforcement is lax or selective law enforcement is the biggest obstacle to close down backward production facilities. Prevent excess "high-end products" and avoid make the mistake of low-end excess capacity, the hand of government is not as. As part of the steel mills in investment in new capacity, there exists a range approved, acting, etc, countries how to effectively curb the series against unified planning the layout of the phenomenon,astm a53 schedule 80 galvanized steel pipe to the late iron and steel industry is very important to survival.

Xue Zhimin thinks, deputy director of the hebei provincial government laboratory to build a scientific and strict market access threshold, design effective exit mechanism. Steel capacity control eia standards should be combined with tax, make no profits do not accord with standard of energy consumption, environmental protection enterprises, local governments have no taxes. The establishment of steel production capacity according to the national environmental protection standard green certification and market access system, the strict regulation of the iron and steel enterprise,astm a234 seamless carbon steel tee on the basis of energy-saving emission reduction targets, according to the high or low emissions pilot cascade environment tax is imposed. Can consider environmental taxes all listed as provincial finance income, strengthening the body of the provincial government close down backward production facilities.

China environmental science research institute researcher at ge ChaZhong said, it is necessary to establish a "steel industry regulation fund", a special reward advantage environmental protection, the iron and steel enterprise technical input. Before this, suggested to speed up the construction of iron and steel enterprise environmental monitoring network,ASTM A53 carbon steel seamless pipe provide scientific basis for environment tax is imposed.

The China iron and steel association, an expert thinks, establish and perfect the capital exit steel trading platform is also very important. Free access to capital must be free and capital exit. To be established in our country is suitable for bulk trading platform for the third party trading steel property, convenient steel capital out of the iron and steel industry. Long-term since, our country's iron and steel industry merger, acquisition and reorganization is implemented under the administrative leading more, this kind of merger and reorganization overwhelmingly incremental restructuring, the further expansion of seeking, even eliminated some backward production capacity in the restructuring process will be covered with more new capacity. Countries should publish relevant policy, encourage iron and steel enterprises to market-oriented restructuring, reducing to iron and steel enterprises in the process of merger and reorganization of cuts to phase out backward production capacity can give enterprise must press tonnage within a certain fixed number of year of the subsidies and tax breaks.

Australia, Brazil into a mainstay

Data show that in the first half of China's imports of iron ore concentration increase. Among them, Australia,carbon steel pipe fitting lr elbows 45 degree Brazil's total imports of iron ore 220 million tons, accounting for 68.4% of all imports, is expected to top 70% throughout the year.

China metallurgical mines association secretary-general Liu Xiaoliang pointed out that in the first half of this year, Brazil's main and declining market share, in the rainy season, port inspection and quality at the same time, also with its focus on cost reduction and improve the production efficiency, to the "whole". He expected the second half of the year and next year, the Brazilian iron ore production, will be greatly improved.

It is worth mentioning that in the first half of this year, the Australian ore imports accounted for from 45% in the first half of last year, to 50%, increased by 5%,pipe fitting 45 degree LR elbows "import increment part basically all comes from Australia.Affected by commodity price cut, he notes, the Australian dollar against the us dollar fell to 1.03 from 0.896 in March, the accumulated depreciation of 13% or more, "ore prices fall, the Australian mining companies operating not only no adverse effect, on the contrary, also highlighted the resource advantage of Australia's major mining companies, increased market share".

"It also shows that the pace of Australia and other countries to expand capacity, further speeding up,black carbon steel butt welded concentric reducer and these low-cost minerals can release, pressure on China's iron ore companies, will further increase."In addition, the data shows, in the first half, China's former top ten iron ore importing countries (Australia, Brazil, South Africa, Iran, Indonesia, Ukraine, Canada, Malaysia, Russia, Peru) in total imports of iron ore 335 million tons, accounting for 87.2% of the total imports. "Top 10 countries of the market share in the lower, suggesting that import multiple trend is emerging."

Export amount is greatly reduced,cold drawn carbon steel pipe at the same time, India accounts for only 1.42% of market share that was down more than 13% in the first half of 2011. India, South Africa as the third largest country in China's imported iron ore.

The people's livelihood is preferred

The state council on strengthening the construction of urban infrastructure on 16 government website in China. This is the first time since China's reform and opening up, in the name of the state council on urban infrastructure construction,API 5L ERW Steel Pipe manufacturer and the landmark.The document, send the government in strengthening the construction of urban infrastructure which important signals? With this problem, the reporter interviewed relevant ministries and commissions of the participating in drafting the document's officials and experts in related field.

Urban infrastructure construction, is closely related to people's livelihood."Opinions" clear requirements, priority to strengthen water supply, gas supply, heating, electricity,Long Radius 90 Deg carbon seamless elbow communications, public transportation, logistics distribution, disaster prevention safety is closely related to people's livelihood, such as infrastructure construction, strengthen the old infrastructure.

Housing urban-rural development qin hong, director of the center for policy research, said: "the urban construction can not only make the ground construction,Carbon Steel butt-welding equal tee only make image project, must be people-oriented, human services. Who is the main part of the city, the city residents and enterprises to pay tax, city should provide the necessary public infrastructure services. If it's not the people's livelihood is preferred, but image first, will be a lot of waste of financial resources."

"Opinion" also for some closely related to people's livelihood of urban infrastructure construction is proposed timetable. As to 2015, 36 major cities urban sewage "complete collection,carbon steel pipe fitting lr elbows 45 degree complete processing" and all waste will be treated; Important city flood control reach the standard stipulated by the state flood control; With 10 years time to build more perfect city drains, flood control engineering system, etc.

Housing deputy director general of urban-rural development city JianSheSi Li Rusheng said: "the urban infrastructure is fundamental to the survival of the city, is directly related to people's production and life and the social public service, to guarantee normal operation of city, improve urban residential environment, has an irreplaceable role."

17 domestic commodity nearly all closed down

17, the domestic commodity nearly all fell,STD 1D carbon steel pipe fitting elbows promote comprehensive performance tracking commodity mandarin commodity index fell.

As of the close, wheat futures led the rally, the main contract closed at 2600 yuan per ton,ASME A106/A53 Black Steel Pipe and tube settled up on the previous trading day 37 yuan, or 1.44%, Futures led the slide glass, the main contract closed at 1344 yuan per ton, settled down on the previous trading day 27 yuan, or 1.97%.Specific varieties,API 5l x60 carbon steel socket weld line pipe non-ferrous metals fell nearly all of the day: main zinc futures contract closed at 14700 yuan per ton, or 0.24%. Main aluminum futures contract closed at 14100 yuan per ton, or 0.6%. Main lead futures contract closed at 14000 yuan per ton, or 1.52%.

Petrochemical products also shown weakness: main PVC futures contract closed at 6615 yuan per ton,cold drawn carbon steel pipe or 0.15%. Main coke futures contract closed at 1572 yuan per ton, or 0.25%. PTA futures main contract closed at 7792 yuan per ton, or 0.56%. PE main futures contract closed at 10700 yuan per ton, or 1.06%.Agricultural products, soft goods price now: each main cotton futures contract closed at 19800 yuan per ton, or 0.28%. Main sugar futures contract closed at 5073 yuan per ton, or 1.28%.

Grease goods nearly all fell: main palm oil futures contract closed at 5412 yuan per ton, or 0.11%. Main meal futures contract closed at 2377 yuan per ton, or 0.13%. Main oil futures contract closed at 7102 yuan per ton, or 0.14%. Main soybean meal futures contract closed at 3633 yuan per ton, or 0.49%. Main rapeseed futures contract closed at 5103 yuan per ton, or 0.7%.

And financial innovation

Iron ore futures at this time, and promote the financial innovation. Guotai junan metal and energy research galvanized steel pipe manufacturers china center, deputy director of the chairman of the daily economic news "reporter said:" in the international market has been selling futures contracts of iron ore, similar to Singapore market index futures varieties of iron ore, size bigger and bigger. China on the financial index varieties exist larger innovation space." 3D eblow Carbon Steel pipe fittings As a result, launched after the iron ore index futures in the international market, is very necessary and urgent for the launch of China's iron ore futures as soon as possible.

A spokesperson for the commission said, ASTM A234 socket welding pipe fitting tee dalian has completed the iron ore futures contract design. On the same day, has issued a notice, rules over iron ore contracts and content that advice for open market.

The personage inside course of study points out: "iron ore due to its rely too much on the index, index futures will further enhance the miners have control of the market. While physical delivery mode can 114mm carbon seamless steel pipe china suppliers greatly reduce the advantage of miners' with less extensive operating space. In addition, physical delivery is the effective measure to ensure futures has a spot, can more truly reflect the spot market supply and demand relations, can avoid index futures exist due to passively follow the index from the possibility of supply and demand."

Beijing auto parts city fire spread more than 20 shops

At about 4 in the morning, chaoyang, auto fire broke out in the area south of the city, five days after the fire, the hemispherical pipe cap manufacturer in china fire spread quickly, and the surrounding ASME B16.25 Welding on the pipe end cap more than 20 stores have been affected, the total fire area about 700 square meters. After the fire brigade rushed to the scene in a timely manner and in August the fire under control. The ERW pipe A106 carbon steel pipe china exporter accident caused no casualties, the cause is under investigation.

Morning, reporters at the scene to see, more than five days, south of the city zone auto parts stores are covered with Hot Expanded welded spiral steel tube plastic sheets, but there are still a JiaoHuWei coming. The inside of the gap can be found through the use of plastic sheeting, a few shops were disastrous. One of the shops walls blackened completely, and store wall has a tilt. Auto parts city area has been closed and to draw the line at this time, even from a nearby passing vehicles need to be around.

, according to a nearby residents at about 5 in the morning, he found that the auto smoke rose from south of the city area, special choking smell, when the fire had arrived, estimates that the fire has burned for a long time. Because a friend of his owner is auto parts city, so he called him quickly. Just learned that his family garage an audi and a BMW was burned down.

"Today, inc., which can't deal with business." South gate, on the vehicle, the staff will inform the owner of this situation, many people also had to turn back. Staff told reporters that the time is about 4 in the morning, when no one in the shops. First built a fire, there is a store and then spread, as automobile fuel is more, in the city every shop is oil, tires and other items, so it is difficult to control. Patrol staff found after immediately called the police. Firefighters will completely completely out of control at 8 in the morning before. At present only know it is about more than 20 shops were destroyed and damaged the worst shop is almost nothing left, but caused no casualties, the cause is not known yet. Affected by the fire, southern district has been out of business, the resumption of its business, time will be further notice.

Five days of the auto parts city, Beijing's official website issued a notice, the fire situation has made the simple instructions. Marketing staff said, according to the statistics, the fires have spread to more than 20 shops, every loss in 560 thousand shops to anywhere, surveillance video from the preliminary judgment, the first of the fire, 28 suspected 4 row of shops, garage. The specific identification of the cause is still waiting for the fire department.

The pay differential

And according to the time weekly hydraulic equal tee carbon steel pipe fitting reporter understanding, even in the same industry, the same enterprise, state compensation difference is huge.The old large diameter ASTM end cap for water pipe beam is a petrochina liaohe oilfield company has 15 years length of service of the common worker. Liaohe company affiliated to CNPC, is the nation's largest heavy oil and high pour-point oil sch160 thick wall water pipe welded steel pipe production base, a year to the countries and group company over profits of more than 250 billion yuan.

In such an enterprise surplus, old beam income cold drawn carbon steel pipe not good. He provided a month payroll shows this year: basic wage of 2235 yuan, the job seniority allowance allowance mount guard, field allowance of 113 yuan, 240 yuan, 196 yuan fee of 210 yuan, housing subsidies of 99 yuan, night shift and overtime pay 308 yuan, 294 yuan, lunch should pay 3695 yuan, the deduction of housing accumulation fund of 500 yuan, 444 yuan pension, unemployment insurance 50 yuan, 55.57 yuan, enterprise annuity real salary of 2640 yuan.Another liaohe company staff, according to their family life rarely oneself buy daily necessities, unit in general hair once half a year, enough for a long time, and half the child's medical expenses can submit an expense account. "So, welfare income is about 7000 yuan a year".

However, liaohe cadres company higher pay than the sum of the Numbers. "Usually, the official wages 2000 yuan - 3000 yuan per month, middle-level officials is twice as tall as ordinary workers, the place class cadre is twice as tall as middle-level officials; as for year-end bonuses, ordinary workers about 20000, the leading cadre to take more. And, in general, a place class staff salary can reach 250000."

Old beam told time weekly reporter, "we have an established total wages, such as the company a total of 1000 people, petrochina 1 year to 10 million, then, all the employee's salary out from here. Total wages increases every year, but implementation to workers gain is small, because the section chief, director of the far more, than big."And petrochina subsidiary western drilling company, a staff told reporters, the time weekly general staff and the leadership of the difference lies mainly in bonuses, "such as a production plant, employees quarterly bonus if it is 3000 yuan, so the factory director at least times 10, 30000. And other small leaders also should according to the coefficient, and the group leader, the leader of class 1.1, 1.5, director of the workshop and so on."

Many other state-owned enterprises, the enterprise leaders and ordinary staff income is also "broken". In a large coal mine in heilongjiang, time weekly reporter discovery, the company's ordinary workers earn an average of around $30000 a year, but the ore lead the annual salary of more than 200000.In 2012, the ministry of human resources and social security has been with the national development and reform commission, the income survey have been carried out to monopoly industries, ranging from dozens of large and medium-sized state-owned enterprises, and the results showed that the income gap in the monopoly industry is close to five times the largest gap for the oil industry, individual companies nearly 100 times the gap between top earners and the lowest earners.

"In fact, a gleam of staff and senior managers of the welfare gap is often greater than wages. We usually say that the five insurances metal battery, benefits, and differentiation of welfare state there will be for internal management, some still can't use money to measure, such as post consumption, overseas funds and the bus equipped with, and so on." ZhuBo good said.

Provide financial support during the global financial crisis

Paley's managing director Paul Arndt said in the announcement, zhongjin lingnan's bid is paley, shareholders in the challenging global economic environment, attractive investment opportunities 45 degree short radius pipe fitting elbows at a premium.

Paley says, if a separate report showed that the 4 inch sch80 hot dipped galvanized steel pipe trade in the best interest of the minority shareholders, and there are no Welding Socket Weld slip on flange other offer, company directors will support the proposal. The deal has yet to be approved by the Chinese and Australian regulators.

Zhongjin lingnan early in 2009 to accept the purchase mode and strategic alliance agreement for the first time a stake in A106 High quality carbon structural steel tube zechariah. The content of the strategic alliance agreement includes to provide financial support during the global financial crisis, as well as offering paley, zhongjin lingnan China market information.
Paley said, in the December issue of the shareholders is expected to vote on the proposal at the meeting.

New forms to promote information consumption

Before the advent of intelligent hand ring, who know what is "healthy" wisdom? Only when the wearable intelligent equipment and people's strong need to exercise and healthy together, the emerging forms just emerging, and become a new force pulling information consumption. To 180 degree elbow pipe fitting asme b16.9 steel elbow realize information consumption scale to more than 3.2 trillion yuan in 2015, the average annual growth of more than 20% of the overall objectives, on promotion of information infrastructure, information product innovation of the supply is not enough, also need to use the mobile Internet, Internet of things, big data and cloud computing and beidou navigation, etc. A new generation of information technology, with the ANSI Sch40 butt welding eccentric reducer pipe fittings evolution of technology, integration, derived into new products and new applications for the origin, around the economic and social development in various new requirements for information service, gradually expand the form emerging forms of information services, such as health wisdom to make information consumption scale no longer depend on a new business, a few interesting products "bit" growth, but a set of industrial clusters "piece" expansion.

How big is the leading role? Only from STD seamless steel pipe ASME B36.10m tube these emerging information service mode, the size of the market growing rapidly, namely:

Covers the intelligent terminal, and the Internet of things technology of smart home industry, global market size of about $42 billion in 2009, is expected to be up to $124 billion, in 2015 and by 2020 the Chinese intelligent household industry is expected to total $2 trillion.Mobile Internet and satellite navigation, geographic information, and so on, led to the location information service (LBS) industry. Promulgated by the state bureau of surveying and mapping surveying and mapping geographic information development "twelfth five-year" planning outline is put forward, by 2020, one hundred million yuan annual output value is expected to be put into geographic information industry in China, the satellite navigation industry output value will reach 400 billion yuan.

The advent of the era of big data, making the Internet enterprise marketing become more technical content, and the cloud is promoted based on big data network the rapid development of precision marketing, gave birth to a new mode -- the Internet advertising crowd real-time bidding (RTB). RTB IDC 2012 accounted for 20% of all display advertising, Accordant Media estimates global RTB market share in the second quarter of 2012 was up 128% over the same period last year.

From P2P platform and network credit loans to alibaba "balance" released in June, July, sina issued the "bank", tencent micro letter released August 5.0 and "wealth FuTong", intensive Internet financial project. Balance of treasure to launch more than two months, only turnover reached 20 billion yuan.

And mobile Internet technology and its commercial mode innovation developed all kinds of new, more become the backbone of information consumption scale: mobile reading, the size of the market in 2012 is 2012 yuan, in 2015 will reach 2015 yuan. Mobile payment, the size of 74.2 billion yuan in 2011, is expected in 2015 will reach 712.3 billion yuan.Wireless music, up to 9.69 billion yuan in the first quarter of 2013 the market scale, market scale for the whole year is expected to exceed 40 billion yuan. Mobile phone games, the size of the market in 2012 reached 5.87 billion yuan, is expected to reach 9.6 billion yuan in 2013. Measured according to the Internet society of China, in 2012 China's mobile Internet industry scale more than 900 billion yuan, the equivalent of 1.8% of GDP, the added value of about 320 billion yuan, the direct contribution to GDP of 0.63%.

Medium and long-term trend down

Because of concerns that prices will occur in the third quarter adjustment, market sentiment hit hard. Some people even think that spot iron ore prices will remain low after the adjustment; Or 45 degree short radius pipe fitting elbows think that "China story" has come to an end, and so on. Ubs is expected after the adjustment of the third quarter, spot prices will rebound.

However, with the expansion of the main mining company project financed, seaborne trade and the global market since 2014, will be the excess supply of mass is expected to exceed 100 million tons/year. ASME B16.9 Butt Welded reducing tee Supply expansion as well as the diversified development of the major mining companies' pricing power is diluted. And, this structural change is the slowdown in demand for iron ore and China at the same time.

Upcoming excess supply pressure to long-term price forecast. Although the spot iron ore prices will face a seasonal changes, but the price of medium to longer term is facing a falling trend. China's high cost 3D eblow Carbon Steel pipe fittings producer and soon to enter the market of pure iron ore company will face more and more pressure, reduce the cost and shut down production capacity, they will eventually be a lower cost from Australia, Brazil and Africa's new supply. FOB powder ore (actual) for long-term price will be $72 / ton.

To sum up, although China's steel output remains strong, and iron ore in the supply chain inventory relative to run out, and the low level of inventory to provide support for price will continue for about a month of time, but the price adjustment will face the risk in the third quarter. October 9 - usually demand for iron ore in the off-season, and in 2013 also faces the new supply of Rio and Fortescue's listing. Long-term investors may not be affected by the short-term adverse factors, but the tactical investors may adjust the spot prices in the third quarter as a buy signal, because usually in the fourth quarter will usher in the commodity inventory before winter recovery.

Yi letter online three days, netease share price increased by 14%

The market is always without the early. In the case of tencent has dominance, still want to incoming, in addition to the defense of tencent and interest.Yi letter online three days, netease's share price rose 14%, an increase of $1.2 billion market value. "For social schedule 40 hot dipped galvanized steel pipe tools, capital market for mobile IM still have a lot of enthusiasm, there really have the imagination." The investors said.

Due to the commercialization of micro letter has just opened, so it is still a lack of financial data for reference, but looked from the performance of the international counterparts, mobile IM commercialization problem seems to have had the answer.Japan's well-known mobile IM long radius butt weld pipe elbow application vendors Line group in 2013 Q2 results show that the Line this quarter revenue for 12.8 billion yen ($132.3 million), rose as high as 348.9%. The games business contribution of $53.7 million, accounted for 53%, the other half of the income from shops and marketing map expression.

In a letter on August 5, online version 5.0, tencent launched the game center, also officially kicked off the commercialization of micro letter, two game of "flying" and "love everyday to eliminate" quickly catch on around the country, the built-in prop charge "love everyday to eliminate" launched two weeks will be left behind, the old one hand high on the App API oil welded steel pipe Store seller second, government seems to have a notion.In fact, including games, value-added services, advertising and marketing, e-commerce, O2O, payment, such as a variety of Internet profit model, is the capital market as a mobile IM possible profit channel, which was the capital market of mobile IM mad.

For mobile IM commercial potential, however, the industry is not overwhelmingly positive. , a person familiar with the tencent insiders told reporters, "in the PC, instant messaging software is very rare to occupy the software of user task bar for a long time, but in the mobile terminal, all App on a user's desktop, they are closer to the user, the experience is better." In the source view, many opponents, IM in commercial road in the PC after migration to the mobile terminal, power is not.

Perhaps "mobile IM really is a gold mine, but the difficulty of excavation is very big, the Line is a breakthrough in the field and only games, expression, business marketing, and revenue absolute value is not large also, involving the offline O2O, mobile payment has no progress. If have hot such as micro believed in commercialization are so be careful on the road, slowly, let alone other mobile IM."

Circulation environment deterioration reservoir effect weakened

At the meeting, China united steel nets editor-in-chief Hu Yanping made entitled "China's steel market and industry development trend analysis" keynote speech.

She points out, from the perspective of the operation cycle of large, since 2011, the root cause of the steel price JIS MS plate flat welded forged flange decline lies in economic by upward cycle into a downward cycle, and 8% in 2011 to enter the following interval operation; Four trillion role in 9 to 10 years effect obviously, 11 years basically retreated; Iron and steel circulation industry credit crisis; Production capacity to maintain rapid growth.

Downturn in the market at the same time, in Long Radius 90 Deg carbon seamless elbow fact, steel prices in line with global commodity run trend, the CRB index will turn downward trend since the financial crisis, the domestic steel prices in line with this. According to statistics, cisa loss of 699 million yuan, in June 86 member enterprises in the first half of the total profit of 2.267 billion yuan, sales profit margin of only 0.13%. If remove noncore earnings, main business for the actual losses. At the same time, the key enterprise asset ratio rose to 69.5%, the highest since 2006.

Reported: Shanghai steel traders amount decreased ASTM A106 seamless carbon steel tube by 50%, reduce 15-20% in north China, other regions appeared different degree of reduced. In the rest of the traders, most in the downsizing, reducing steel mills DaiLiLiang, through changing the way such as offices and cut staff to reduce cost, gambling market is less and less, some enterprises exist in name only. Steel circulation industry continued to deteriorate, the market function significantly weakened reservoir, the fundamental reason is: (1) trader decline; (2) and downstream extrusion; 3. Money is tight; (4) legal environment.