What is G20? G20 summit: the G20 is an international economic cooperation forum, the original G8 and the remaining 12 major economies, the meeting was established in 1999，of which member countries of the country's gross domestic product accounts for about 85% of the world, the population is almost the world's total population of 2 / 3. On November 16, 2014, President Xi Jinping attended the G20 summit in Turkey and made a speech, announced that China will be September 4 -5 this year held in Hangzhou, the Group of Twenty leaders of the Eleventh Summit. Summit theme identified as "building an innovative, dynamic, interactive, inclusive world economy."
This year we are the organizers of the G20 summit, environmental protection, safety is the top priority, the air pollution giant - the steel industry is the first to bear the brunt. It is understood that the steel mills in Zhejiang Province, the implementation of a stainless steel tube control stop production, extending to the end of the G20 summit. September 6 to resume production. Hangzhou, Ningbo, Cixi, Yuyao, Haiyan, Haining, Tongxiang, Jiaxing (Jiashan junction), north to Suzhou, all within 160 km radius of suspension. In addition, logistics, since August, all logistics carts are prohibited from entering the territory of Zhejiang. August 24 - September 6, the city's logistics outage, the city's factory holiday ban, truck outage. As a result, Hangzhou is in "not get out" embarrassing situation.
For the steel futures trading through the market, some analysts believe that with the August Tangshan World Park will limit production, G20 limited production, and with the steel city 'gold nine silver 10' season, the late rise in steel prices Very can be expected. Steel is expected to show the second half of the overall 'first fell after the rise, and then fall and then up' the 'W-type' trend. In short, the market still depends on demand assessment, other factors are secondary, no matter how the market float, after all, to return to formal, return to reason, iron and steel prices still depends on supply and demand.
This year we are the organizers of the G20 summit, environmental protection, safety is the top priority, the air pollution giant - the steel industry is the first to bear the brunt. It is understood that the steel mills in Zhejiang Province, the implementation of a stainless steel tube control stop production, extending to the end of the G20 summit. September 6 to resume production. Hangzhou, Ningbo, Cixi, Yuyao, Haiyan, Haining, Tongxiang, Jiaxing (Jiashan junction), north to Suzhou, all within 160 km radius of suspension. In addition, logistics, since August, all logistics carts are prohibited from entering the territory of Zhejiang. August 24 - September 6, the city's logistics outage, the city's factory holiday ban, truck outage. As a result, Hangzhou is in "not get out" embarrassing situation.
For the steel futures trading through the market, some analysts believe that with the August Tangshan World Park will limit production, G20 limited production, and with the steel city 'gold nine silver 10' season, the late rise in steel prices Very can be expected. Steel is expected to show the second half of the overall 'first fell after the rise, and then fall and then up' the 'W-type' trend. In short, the market still depends on demand assessment, other factors are secondary, no matter how the market float, after all, to return to formal, return to reason, iron and steel prices still depends on supply and demand.
