Background
The impact of the ongoing global financial crisis has emerged in iron & steel industry, where weakening demand and steel price slump have resulted in production cutbacks worldwide, with rapid decreases in raw material demand. In the second half of 2008, China 's imported iron ore has been overstocking, market prices dived, and benchmark price negotiation faces uncertainty, so future market status and factors have been widely concerned by insiders. Minerals like manganese ore, chrome ore, nickel ore and metallurgical coal, etc, have also faced the same tough conditions. With the credit crisis increasingly worsening, the steel industry will be confronted with a severer challenge in the future.
Meantime, Chinese government is taking flexible and prudent measures in an effort to stabilize economy, finance and capital markets and to fuel the economy development, followed by a series of steps such as interest rate cut, tax slash, domestic demand expansion as well as export rebate hike. There is no doubt that these moves will spur steel demand and feed through to stability in metallurgical markets.
Theme
Firming Confidence & Promoting Development under New Challenge
Products to be Covered
Iron ore, manganese ore, chrome ore, nickel ore, metallurgical coal
Topics to be covered
How does Chinese steel industry battle the financial crisis?
How to avoid risks and establish a Win-Win model of cooperation?
How to take more flexible measures in cutting costs and stabilizing the markets?
How do metallurgical enterprises face the uncertain international markets?
Conference working Language
English-Chinese simultaneous interpretation will be provided for two-day conference.
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