[SMM Steel City Morning News] the State Office issued guidance and deployed to promote the transformation of old urban residential areas.

Tuesday, 21 July 2020

News breakfast

"rising factors

1. [excavator output increased by 75.2% in June compared with the same period last year]

According to the statistics bureau, the output of excavators in China was 33970 in June 2020, an increase of 75.2% over the same period last year. From January to June, the output of excavators was 187379, an increase of 22.4% over the same period last year.

2. The State Office issued guidance and made arrangements to promote the transformation of old urban residential areas. "

The General Office of the State Council recently issued the "guiding opinions on comprehensively promoting the renovation of Old Urban Residential areas," requiring that the renovation of old urban residential areas be promoted in an all-round way in accordance with the decision-making arrangements of the CPC Central Committee and the State Council. The "opinion" stresses that great efforts should be made to transform and upgrade old urban residential areas, and 39000 old urban residential areas will be renovated in 2020, involving nearly 7 million households. The "opinion" clearly defines the task of transforming the old urban residential areas, focusing on the transformation of the old urban residential areas built before the end of 2000. The "opinion" calls for the establishment of a reasonable mechanism for sharing funds between the government, residents and social forces.

Downside factor

1. Torrential rains hit around the Bohai Sea.

From 08:00 to 08:00 on July 22, moderate to heavy rain occurred in southern North China, Huang-Huai, western Jianghan, southeastern Northwest, eastern Southwest, southwestern Yunnan and southeastern Tibet. There was heavy rain or torrential rain in central and southern Shandong, east-central Henan, northern Jiangsu, northern Anhui and northeastern Sichuan.

2. In the third round of coke lifting and lowering, some steel enterprises are willing to follow suit.

After the second round of lifting and landing last week, individual steel enterprises in Shanxi recently opened the third round of lifting and lowering, and some steel enterprises in Shanxi, Hebei and other places have the will to follow suit. Since July, coke has continued to weaken, and so far it has been reduced by 100 yuan / ton and 150 yuan / ton in some areas.

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