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"Limited power"is the best excuse for price increases
Date[2011-5-19 13:26:11]
"Power shortage" has become the recent focus of the market. According to media reports, as of April 25, restrictions on Central China Power Grid has reached 20 million kwh electricity for more than 7 years Zhejiang has suffered a most serious "power shortage", Hunan electricity shortage the hardest hit residents in sub-period power cuts begin ... ... around the country are power cuts, "power shortage" phenomenon intensified.

Steel industry: companies that are not affected

Features from the industry perspective, in the second quarter is the peak season of consumption of steel industry, in steel stocks, especially steel, wire stock has decreased significantly, but as electric power generation accounted for 14% of the industry, the recent power shortage in the country appear in a certain extent, indicates that the next peak is likely to face more serious of the electricity predicament.

Valin Iron & Steel (000,932, stock it) on securities transactions on behalf of said Zhu Xiaoming, "Spring and summer peak belonging to the company, 'brownouts' sure to bring some impact on production." Argument for Zhu Xiaoming, Guangzhou Iron and Steel shares (600,894, stock it) and its Deputy General Manager Yang Yaoxing similar view, but also revealed the identity of the "'limited power' of the companies do not mean much, the company is ready and wide restructuring plan at the Group, Main will be transformed into the elevator parts manufacturing based. "

That the two steel enterprises with a "limited power" will produce a negative impact on steel prices in contrast, Hebei Iron and Steel (000,709, stock it), Xinxing Ductile Iron Pipes (000,778, stock it), to be self-power generation more than is clear that steel prices will not be affected, and Hangzhou Iron and Steel shares (600,126, stock it), long-established special material (002,318, stock it) had temporarily affected.

"Company has its own power, so there is 'limited power' problem." Jinan Iron and Steel (600,022, stock it) the securities are self-generating capacity of the company is very confident.

"While seeing news reports about the 'brownouts' grim statement, but we're still normal production, there was no stopping the phenomenon of limited production." Securities shares Hangzhou Iron and Steel said.

"Company is a private enterprise, there is no power being limited, there is no cut-off." Long-established securities transactions on behalf of special materials Fan Guohua say for sure.

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