Xu Iron ore says the steel industry is more competitive in the next step

December 18 Evening News, Baosteel Group Co., Ltd. chairman Xu in Shanghai and Sina financial dialogue to avoid the issue of iron ore negotiations, said the iron ore related topics too sensitive, not to say anything, he said, the future steel industry will be more intense. The State Department's 4 trillion investment plan to stimulate the economy after last year's financial crisis has given the steel industry a strong shot. For the steel industry in the next few years development issues, Xu that the future steel industry will certainly have fierce competition, "4 trillion of the huge demand is obviously not normal, the next few years to get the work now, the next industrial adjustment is bound to bring fierce competition." "Baosteel 10th announced the next January products will collectively raise prices, the mainstream product price adjustment of up to 600 yuan/ton."　　Steel price vane is called Baosteel this price increase immediately triggered a ripple effect, Wisco and other large steel companies have also followed the price hike, there is a view that the new round of chain prices is not conducive to the new annual iron ore price negotiations. Xu said that in the "home appliances to the countryside", "car stimulating consumption" and other macro-policy effects, the next year, the steel industry is expected to increase production capacity of 10%, but consumption will increase by 20%, "the market demand is very large, if the demand is not strong, I raise prices are not bought "On the sustainability of the price increase, Xu said in a dialogue with Sina financial affairs, this should be in accordance with market rules, if policy support has not changed, then it will continue." "It depends on demand, not I think it lasts." If there is a change in policy or consumption, such as the rise in oil prices and the purchase of cars, then I have to make relevant adjustments. "When asked about the joint venture that CISA made clear against the two Billiton yesterday, Baosteel commented on this," Xu said in a "Taiji", "This topic is too sensitive to comment." "(Jin Xia from Shanghai)