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Profile of SteelHome 2011 Steel Market Seminar

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2011 Steel Market Seminar& Top 100 China Steel Traders Award Ceremony, was solemnly held by SteelHome website in Maanshan city during October 29-31, 2010. Gu Jianguo, President and Secretary of Party Commitee under Magang (Group) Holding Company Ltd and Shen Tianying, Vice Mayor of Maanshan city presented a speech at the conference. About 600 delegates from steel mills (90), distributing circles (290), related industries and media attended the conference.

World economy gradually walks out of the woods in 2010 but the pace differs from country to country. Advanced economies see a slow recovery while emerging economices face the risk of overheating. Countries across the globe carry out different monetary and fiscal policy. US plans to restart quantitative easing monetary policy to push devaluation of greenback and exchange rate disputes escalate.

How will world economy develop and monetary policy change and whether exchange rate and trade war will break out becomes major factors influencing steel market in 2011. Li Xiangyang, Director with Institute of Asia-Pacific Studies under Chinese Academy of Social Sciences, made a speech entitled 2011 World Economic Outlook. Tan Yaling, Executive Director with China International Economic Relations Association (CIERA), analyzed global economic trends and financial market situation in the report Analysis on Current International Financial Situation and Forecast for 2011.

Chinese economy grew 10.6 percent in the first three quarters of this year when Europe and America experienced slow recovery. At the same time, inflation pressure mounts up, economic restructuring has a long way to go and foreign trade frictions have increased. How will these problems be solved? Could domestic investment keep high rate growth under strict real estate control? How much will foreign trade frictions affect China's exports? How much will ongoing twelfth five-year plan impact on Chinese economy in the future? Zhu Baoliang, Deputy Director with Economic Forecast Department under State Information Center, gave detailed analysis on above issues in the report Chinese Macroeconomic Situation and Outlook.

Steel mills' operating cost rose sharply and profits obviously fell as China pushed ahead with control in real estate sector, efforts on emissions cut increased and global iron ore price surged up in 2010. Combined with high inventory and broad participation of steel futures as well as electronic trading platform, China steel market fluctuated at a low level on the whole.

In face of complicated macro economic situation both at home and abroad, how to judge the development of steel market in 2011 and better grasp steel price change at domestic market becomes a hot issue of steel industry.

Li Xinchuang, Director of China Metallurgical Industry Planning and Research Institute, delivered the speech on major problems facing China steel industry and the development during 12th five-year.

Huang Yingjie, General Manager of Hangzhou Steel Trading Group Limited, gave an speech on Management Innovation of Steel Enterprises. Delegates from steel mills, distributing circles, futures companies and logistics took part in the dialogue with the theme of Steel Price Trend in Q4 and Early 2011.

Wu Wenzhang, President of SteelHome website gave a keynote speech on Analysis on Current China Steel Market and Outlook for 2011.

Finally, the conference held a grand award ceremony for top 100 steel traders in China.

Zhu Baoliang, Deputy Director with Economic Forecast Department under State Information Center

Li Xiangyang, Director with Institute of Asia-Pacific Studies under Chinese Academy of Social Sciences

Tan Yaling, Executive Director with China International Economic Relations Association (CIERA)

Li Xinchuang, Director of China Metallurgical Industry Planning and Research Institute

Huang Yingjie, General Manager of Hangzhou Steel Trading Group Limited

Wu Wenzhang, President of SteelHome website

Liu Wenlu, Vice General Manager of SteelHome website presided over the conference

Related links

Li Xinchuang: Positive on China Steel Consumption

Varied Opinions of Chinese Steel Mills and Distributors on 2011 Market

Tan Yaling: RMB to Have Limited Appreciation


(To contact the reporter on this story: tangtt@steelhome.cn or 86-21-50585358)
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