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BeitragVerfasst am: Do Mai 17, 2018 9:18 am    Titel: Kein Icon contributed to the stable development of the global steel in Antworten mit Zitat

TORONTO Nike Vapormax Bleu Pas Cher , April 23 (Xinhua) -- Canada's main stock market in Toronto on Thursday moved up when resources shares were regaining momentum from a big jump in oil prices, boosted by worsening Yemen geopolitical turmoil.


Toronto Stock Exchange's benchmark S&PTSX Composite Index ended 87.58 points higher, or 0.57 percent, to 15 Nike Vapormax Noir Pas Cher ,392.35 points, rebounding from a slump in the last two trading sessions, with seven of the major sectors in the rising streak.


The market was pushed up with a three-digit gain in the midday trading Thursday when the geopolitical conflict in Yemen boosted the oil prices to the highest level since the beginning of 2015, after the world's leading oil producer Saudi Arabia and its allies resumed air strikes on Huthi rebels in Yemen Thursday.


Light Nike Vapormax Pas Cher , sweet crude for June delivery gained 1.58 U.S. dollars to settle at 57.74 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery moved up 2.12 dollars to close at 64.85 dollars a barrel.


In response, Energy and Miners, the two resources sectors in TSX Nike Presto Ultra Flyknit Pas Cher , rallied 0.9 percent and 2.84 percent, respectively.


Canadian Oil Sands Limited jumped 2.7 percent to 12.93 Canadian dollars (about 10.65 U.S. dollars), while the leading basic metals miner Teck Resources Ltd. spiked 4.26 percent to 16.41 Canadian dollars per share.


And analysts believed that as a country heavily dependent on the energy industry, Canada is becoming more and more sensitive to the turbulence of the crude oil prices.


According to the data released by Statistics Canada Thursday Nike Presto SE Woven Pas Cher , in Canada's biggest oil province of Alberta, the number of people applying for employment insurance benefits rose almost 30 percent in February.


Meanwhile, Financials, the index's most heavily weighted sector Nike Presto Safari Pas Cher , added 0.54 percent when Canada's biggest lender Royal Bank of Canada climbed 0.58 percent to 80.45 Canadian dollars a share.


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On the currency front, the Canadian dollar was gaining strength from the rising oil price Thursday. It climbed to 0.8233 U.S. dollar from 0.8178 U.S. dollar Wednesday.





Afghan security personnel search a passenger during a military operation in Herat province, western Afghanistan, May 9 Nike Presto Noir Pas Cher , 2017. (XinhuaRahmine)


Chinese submersible explores turbidity current in South China Sea


Straw art gala held in E China's Shandong


Xinjiang Int'l Grand Bazaar held in Urumqi, NW China


8th China Peking Opera art festival to be held in Nanjing


Firefighters on standby after heavy snowfall hits forest fire site in N China


Aerial view of intertidal zone in E China's Jiangsu


Hefei-Hamburg, Hefei-Almaty freight trains run regularly


Jiaolong discovers collection of polymetallic nodules in South China Sea





BEIJING, May 18 (Xinhua) -- For years, due to its steel exports, China has been the "dumping scapegoat" of the United States, a convenient excuse for the country to impose anti-dumping tariffs to protect its own sluggish steel industry.


Thus it's not surprising to see that the U.S. Commerce Department ruled on Tuesday that the cold-rolled steel flat products from China sold in the United States are "dumping," paving the way for possible punitive anti-dumping tariffs.


However, such protectionist measures won't help solve the overcapacity the U.S. steel industry is suffering from, as they don't address the core of the problem.


The slow recovery of the world economy has been causing a sluggish demand for steel products, which has led to overcapacity in the steel sector.


Under the impact of a weak global economy, China's steel industry is itself suffering from the problem of excess capacity. However, instead of dumping steel on other countries, the Chinese government and Chinese steel companies have been making tremendous efforts to cut obsolete capacity and expand domestic demand for steel products.


China has so far cut over 90 million tons of obsolete capacity during the 12th Five-Year period, and plans to slash 100-150 millon tons of crude steel production capacity over the next five years.


On the demand side, China has taken a lot of measures such as embarking upon necessary large-scale infrastructure development projects to absorb more steel. China's Belt and Road Initiative which foresees strengthening connectivity and infrastructure development of countries along the route will also fuel demand for steel.


Moreover, rather than dumping steel in other countries, the Chinese government has in recent years implemented measures such as export tariffs on some steel products to reduce exports. The export tariff for billet is 20 percent and for hot-rolled wire rod 15 percent, said Zhang Ji, China's assistant commerce minister.


In reality, Chinese steel products make up a tiny part of U.S. and European Union (EU) steel imports. As a major producer and consumer of steel, China's steel products are mainly for domestic use.


"In recent years, 85-95 percent of steel produced by China have been for domestic consumption. China's annual steel consumption accounts for 45 percent of the global total," Zhang said.


China used to be a net importer of steel before 2005 and is still the fifth-largest importer of steel in the world.


"China imported the equivalent of 13.57 million tons of crude steel in 2015," Zhang said, adding that China has thus contributed to the stable development of the global steel industry.


The high cost of manufacturing has made the U.S. steel industry less competitive in the global producing market. Amidst fierce competition of global steel p. Jerseys Wholesale   Jerseys From China   NCAA Jerseys China   Authentic Jerseys Cheap   Jerseys Online   Jerseys From China   MLB Jerseys Wholesale   NHL Jerseys Wholesale   NFL Jerseys China   NBA Jerseys China
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