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[SMM Steel Market Morning News] speeding up the issuance and use of Local Bonds will accelerate landing
Oct 29,2019 09:02CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Tuesday, 29 October 2019

Breakfast news

 

Rising factor

1. Ministry of Industry and Information Technology: supporting the Development of Special Steel Industry in four aspects

In response to recommendation No. 7404 of the second session of the 13th National people's Congress, the Ministry of Industry and Information Technology said that it will support the development of the special steel industry from the following aspects: first, to consolidate the achievements of iron and steel to eliminate production capacity. The violation of iron and steel production capacity has always maintained a high-pressure situation. The second is to do a good job in the standardized management of the industry. Timely start and revise the industry standard management measures. Third, guide the development of short-process steelmaking. To study and formulate guidelines to guide the development of short-process steelmaking and encourage financial institutions to support advanced special steel enterprises using short-process steelmaking. Fourth, promote the development of new iron and steel materials.

2. Speeding up the issuance and use of local bonds and other major measures will accelerate the landing of local bonds.

Xinhua News Agency's Economic Information News said that with less than two months to go before the end of the year, increasing the code steadily and sprinting the annual target has become the top priority of local economic work. The reporter learned that since mid-October, many places have been holding symposiums on the economic situation, issuing relevant plans, and deploying more powerful measures to fight a "tough battle" for stable growth. From the point of view of local efforts, stabilizing industrial efficiency, expanding effective investment has become a major event, focusing on major manufacturing projects, speeding up the issuance and use of local government bonds, and a series of major measures will speed up landing.

 

Falling factor

1. Orders continue to fall! The latest monthly report of the Global Shipbuilding Industry

According to the latest Clarkson data (as of October 15, 2019), 64 new orders were signed worldwide in September 2019, totaling 1599370CGT. Compared with 48 new global orders signed in August 2019, the total 1237137CGT increased by 16 units over the previous month, and the revised gross tonnage increased by 29.28 per cent month-on-month. Compared with 3694643CGT, a total of 136 new orders signed in September 2018, the number was down 72 from a year earlier, and the revised gross tonnage was down 56.71 per cent from a year earlier.

 

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