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P-China Steel Monthly Report No[1].9

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P-China Steel Monthly Report No[1].9 China Steel Report No. 19 February 1-28, 2009 Metallurgical Industry Information Center Metallurgical Industry Information Center CONTENTS Macro and Industry Policy...................................................................................................................1 Steel: main target to be consolidated ......................................................................................................1 Steel output restored in January ..............................................................................................................1 CISA Viewpoints...................................................................................................................................2 CISA 2009 council meeting held in Beijing.............................................................................................2 New CISA president appointed ................................................................................................................2 CISA calls on production cuts...................................................................................................................2 Regulations needed for steel distribution................................................................................................3 CISA to take part in iron ore price talks ..................................................................................................3 CISA: Iron ore stocks plague remained ..................................................................................................3 Steel demand from 4 sectors to surge in 2009 ......................................................................................4 Analysis.................................................................................................................................................5 Imported iron ore prices too high to be afforded....................................................................................5 Problems in domestic steel industry and countermeasures ................................................................5 China’s steel exports may drop 20 million tons this year .....................................................................6 Steel industry may turn around by year-end ..........................................................................................7 Unfair competition may trigger financial risks.........................................................................................7 Withdrawal system suggested to wash out small mills.........................................................................8 Domestic steelmakers’ 2008 production index ......................................................................................9 Analysis of China’s steel market in February.......................................................................................12 Producers............................................................................................................................................14 Baoshan Steel delays BF restart on weak demand ............................................................................14 Baosteel buys stakes in Ningbo Steel...................................................................................................14 Baoshan Steel seeks inter-bank note financing...................................................................................14 Baosteel signs mining deal in Xinjiang..................................................................................................14 Baoteel gets involved in railway project................................................................................................15 Ansteel reports January production results ..........................................................................................15 Ansteel signs deal with shipbuilding industry.......................................................................................15 Ansteel Tiantie sets 09 operation goals ................................................................................................15 Wisco signs direct sale contracts...........................................................................................................16 1 Metallurgical Industry Information Center Steel industry faces grim outlook ...........................................................................................................16 Masteel to focus on high-end steel in 2009..........................................................................................16 Masteel’s rebar adopted by railway project..........................................................................................17 Benxi Steel posts 09 production goals ..................................................................................................17 Liuzhou Steel’s 09 operation goals........................................................................................................17 Liuzhou Steel posts net profit drop in 2008 ..........................................................................................17 Shagang posts January results..............................................................................................................18 Fushun Special Steel’s 08 net profit up 46.48 percent .......................................................................18 Jiuquan Steel starts overall listing plan.................................................................................................18 Valin Steel eyes FMG assets .................................................................................................................18 Minmetals to buy OZ Minerals................................................................................................................19 Jinan Steel signs shipbuilding steel deals ............................................................................................19 Xiangtan Steel wins shipbuilding steel order........................................................................................19 Shaoguan Steel signs iron ore deal.......................................................................................................19 Rizhao Steel project receives bank loan...............................................................................................19 Sinosteel inks cooperation deal with E-United.....................................................................................20 All smaller BFs shut down in Tangshan Steel......................................................................................20 Industry and Regional News.............................................................................................................21 Steel output to be restricted to 500 million tons by 2011 ...................................................................21 Rescue plan on shipbuilding benefits steel industry ...........................................................................21 Steel industry losses 47.6 billion yuan in Q4........................................................................................21 Iron ore price talks may stretch widening price gap............................................................................22 China’s 08 iron sand imports up.............................................................................................................22 Iron ore buying market may extend .......................................................................................................22 India to raise iron ore prices again.........................................................................................................23 Steel trade down in January ...................................................................................................................23 Imports surge affects steel industry.......................................................................................................23 US bailout plan affects Chinese steel exports .....................................................................................24 Coke prices up in Hebei, Shandong ......................................................................................................24 Coking industry to consolidate ...............................................................................................................25 2 Metallurgical Industry Information Center Coke producers relax production limits.................................................................................................25 Baosteel leads merger move..................................................................................................................25 Wire rod, rebar futures to open at SHF.................................................................................................26 Auto industry calls on steel updates ......................................................................................................26 Huge demand from Beijing-Shanghai railway project.........................................................................27 Hebei: China’s largest steel producing province .................................................................................27 Hebei Steel posts favorable foreign trade results................................................................................28 Liaoning sets 09 production goals .........................................................................................................28 Hebei to
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