The development of the electric ball valve industry has pushed the economy out of the crisis. The analysis of the electric ball valve news has played an important role in the development of the steel industry. The development of the electric ball valve industry has been slower and slower under the impact of the economic crisis, and most enterprises are facing the risk of bankruptcy. Under such circumstances, we should pay attention to the development of downstream industries, understand the situation, and produce according to orders, Strictly control product quality and performance. We should have a thorough understanding of the development of the downstream industry. Only in this way can we develop steadily. At present, the development of the steel industry is also extremely unstable. The loss of domestic steel enterprises continues to expand, and international iron ore prices continue to decline.
In the face of the plight of the steel industry, the Ministry of Industry and Information Technology is planning to help. Recently, the Department of Raw Materials Industry of the Ministry of Industry and Information Technology held a seminar on iron ore price formation mechanism in Beijing. The seminar made it clear that it would promote the establishment of a more reasonable iron ore pricing mechanism by taking advantage of the current opportunities of weakening iron ore import growth and declining prices. New machine-made silicon steel and ship steel are mainly used. At the same time, the relevant departments have also planned to increase the tax items of steel cans, and refine the tax items of steel products such as tool steel, oil pipe and coated plate.
Under this policy, approved steel enterprises will sell special steel products for processing and exporting to processing and exporting enterprises for processing and producing export products at a price excluding tax. The implementation of full refund (or exemption) of 17% value-added is expected to improve the long-term passive situation of Chinese steel enterprises. Recently, people close to the Ministry of Industry and Information Technology said that in order to help iron and steel enterprises out of difficulties, the Ministry is planning to resume the implementation of the policy of "industry pushing ahead" recently, and has begun to vigorously promote the transformation of major steel mills from producers to comprehensive service providers. The varieties in the policy scheme of "pushing production into production" are temporarily taxed. High end products for export are also expected to receive more targeted fiscal and tax support.
Steel downturn dragged down. In July, due to weak demand, international iron ore prices fell 13% month on month compared with June. Last week, the price of iron ore continued to fall to 115.2 dollars/ton, a new low in two and a half years. Experts predict that the price of iron ore will continue to fall to 110 dollars/ton in the future. According to the judgment of China Steel Association, the growth of steel demand in the domestic market is sluggish, the decline of steel prices has increased, the oversupply of iron ore market has become more obvious, and the price of iron ore will continue to show a downward trend in the future. In view of the recent meager profits in the steel industry, it is suggested to seize the favorable opportunity and rely on the iron ore guarantee coordination mechanism working group to focus on the following work: First, further expand the influence of China's iron ore spot trading platform, take effective measures to attract domestic and foreign mining enterprises, iron steel enterprises, and trading enterprises to participate in the platform transactions, and expand the trading volume.
The second is to promote the establishment of a more reasonable iron ore pricing mechanism by taking advantage of the current opportunities of weakening iron ore import growth and declining prices. The new iron ore pricing mechanism is likely to rely on the existing iron ore spot trading platform. At the same time, it is also reported that the current downward trend of iron ore prices is indeed conducive to the adjustment of the pricing mechanism. Whether the long-term cooperation mechanism is beneficial or the spot mechanism is more appropriate is still under discussion. The domestic spot iron ore trading platform has been tepid since its launch on May 8, and the trading volume has been bleak, especially after the recent fall in iron ore prices, the daily trading volume has been even smaller.