{"id":5386,"date":"2012-09-04T19:22:37","date_gmt":"2012-09-04T23:22:37","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5386"},"modified":"2012-09-04T19:22:37","modified_gmt":"2012-09-04T23:22:37","slug":"chinas-steel-mills-braced-for-slowdown-ft-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/04\/chinas-steel-mills-braced-for-slowdown-ft-com\/","title":{"rendered":"China\u2019s steel mills braced for slowdown &#8211; FT.com"},"content":{"rendered":"<p>Wang Qinghai, chief executive of Shougang, one of China\u2019s biggest state-owned mills, says one reason for slowing steel demand is that China is changing its economic development model. \u201cThe investment-led mode of economic development isn\u2019t sustainable, so the government is actively lowering the growth rate\u2009.\u2009.\u2009.\u2009in order to create space for economic structural adjustment,\u201d he said at a conference in Beijing on Saturday. That adjustment is a painful process, however, and Mr Wang summarises the outlook for the steel industry as \u201chuge production capacity, a bleak market, and meagre profit\u201d.<\/p>\n<p>via <a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/0db84534-f691-11e1-9dff-00144feabdc0.html#axzz25Mph2rvE\">China\u2019s steel mills braced for slowdown &#8211; FT.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wang Qinghai, chief executive of Shougang, one of China\u2019s biggest state-owned mills, says one reason for slowing steel demand is that China is changing its economic development model. \u201cThe investment-led mode of economic development isn\u2019t sustainable, so the government is actively lowering the growth rate\u2009.\u2009.\u2009.\u2009in order to create space for economic structural adjustment,\u201d he said &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/04\/chinas-steel-mills-braced-for-slowdown-ft-com\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;China\u2019s steel mills braced for slowdown &#8211; FT.com&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41,5,8],"tags":[663,3237],"class_list":["post-5386","post","type-post","status-publish","format-standard","hentry","category-china-hk","category-economy","category-gold-commodities","tag-china","tag-steel-demand"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China\u2019s steel mills braced for slowdown - FT.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s steel mills braced for slowdown - FT.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Wang Qinghai, chief executive of Shougang, one of China\u2019s biggest state-owned mills, says one reason for slowing steel demand is that China is changing its economic development model. \u201cThe investment-led mode of economic development isn\u2019t sustainable, so the government is actively lowering the growth rate\u2009.\u2009.\u2009.\u2009in order to create space for economic structural adjustment,\u201d he said &hellip; Continue reading &quot;China\u2019s steel mills braced for slowdown &#8211; FT.com&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/04\/chinas-steel-mills-braced-for-slowdown-ft-com\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-09-04T23:22:37+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/09\\\/04\\\/chinas-steel-mills-braced-for-slowdown-ft-com\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/09\\\/04\\\/chinas-steel-mills-braced-for-slowdown-ft-com\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"China\u2019s steel mills braced for slowdown &#8211; 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\\\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.\",\"sameAs\":[\"https:\\\/\\\/facebook.com\\\/people\\\/The-Patient-Investor\\\/61572934660810\\\/\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\",\"https:\\\/\\\/au.linkedin.com\\\/in\\\/colintwiggs\"],\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/author\\\/investor\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"China\u2019s steel mills braced for slowdown - FT.com - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"China\u2019s steel mills braced for slowdown - FT.com - the patient investor","og_description":"Wang Qinghai, chief executive of Shougang, one of China\u2019s biggest state-owned mills, says one reason for slowing steel demand is that China is changing its economic development model. \u201cThe investment-led mode of economic development isn\u2019t sustainable, so the government is actively lowering the growth rate\u2009.\u2009.\u2009.\u2009in order to create space for economic structural adjustment,\u201d he said &hellip; Continue reading \"China\u2019s steel mills braced for slowdown &#8211; FT.com\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/04\/chinas-steel-mills-braced-for-slowdown-ft-com\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_author":"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","article_published_time":"2012-09-04T23:22:37+00:00","author":"Colin Twiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Colin Twiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/04\/chinas-steel-mills-braced-for-slowdown-ft-com\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/04\/chinas-steel-mills-braced-for-slowdown-ft-com\/"},"author":{"name":"Colin Twiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454"},"headline":"China\u2019s steel mills braced for slowdown &#8211; FT.com","datePublished":"2012-09-04T23:22:37+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/04\/chinas-steel-mills-braced-for-slowdown-ft-com\/"},"wordCount":113,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"keywords":["China","steel demand"],"articleSection":["China &amp; HK","Economy","Gold &amp; Commodities"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/04\/chinas-steel-mills-braced-for-slowdown-ft-com\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/04\/chinas-steel-mills-braced-for-slowdown-ft-com\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/04\/chinas-steel-mills-braced-for-slowdown-ft-com\/","name":"China\u2019s steel mills braced for slowdown - FT.com - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"datePublished":"2012-09-04T23:22:37+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/04\/chinas-steel-mills-braced-for-slowdown-ft-com\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/04\/chinas-steel-mills-braced-for-slowdown-ft-com\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/04\/chinas-steel-mills-braced-for-slowdown-ft-com\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"China\u2019s steel mills braced for slowdown &#8211; FT.com"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. 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But that is seasonal. Every year, China\u2019s construction season begins in earnest around March. Traders likely bought ore in anticipation. But demand for the year may be weaker than\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/03\/oj-ag924_ironhe_16u_20160303070608.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/03\/oj-ag924_ironhe_16u_20160303070608.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/03\/oj-ag924_ironhe_16u_20160303070608.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/03\/oj-ag924_ironhe_16u_20160303070608.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/03\/oj-ag924_ironhe_16u_20160303070608.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":23238,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/12\/15\/chinese-demand-lifts-iron-ore\/","url_meta":{"origin":5386,"position":1},"title":"Chinese demand lifts iron ore","author":"Colin Twiggs","date":"December 15, 2020","format":false,"excerpt":"China\u2019s top steel mills, including China Baowu Steel Group, and the China Iron & Steel Association (CISA) met on Thursday to investigate soaring iron ore prices. They held a video discussion with BHP who confirmed their production remained strong, with no major weather interruptions to operations. Atilla Widnell, managing director\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15542,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/07\/05\/credit-suisse-contrary-view-on-iron-ore\/","url_meta":{"origin":5386,"position":2},"title":"Credit Suisse contrary view on Iron Ore","author":"ColinTwiggs","date":"July 5, 2017","format":false,"excerpt":"Where is the Chinese iron ore inventory cycle? By Houses and Holes at 9:06 am on July 5, 2017 Republished with thanks to Macrobusiness. From Credit Suisse: Iron ore turns up, once again confounds bears on the Street Iron ore once again confounded those calling it down by jumping at\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27159,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/08\/03\/iron-ore-crash\/","url_meta":{"origin":5386,"position":3},"title":"Iron ore crash","author":"Colin Twiggs","date":"August 3, 2021","format":false,"excerpt":"Iron ore broke support at $200, crashing to $181\/ton1. Breach of support and the rising trendline signals a correction. Expect a test of support at $175\/ton. The fall was prompted by expected output cuts for Chinese steel. From Mining.com: ....China has asked mills to limit this year\u2019s output to no\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12926,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/03\/08\/imf-issues-warning-on-global-growth-as-china-exports-plunge-ft-com\/","url_meta":{"origin":5386,"position":4},"title":"IMF issues warning on global growth as China exports plunge | FT.com","author":"ColinTwiggs","date":"March 8, 2016","format":false,"excerpt":"From FT.com: In dollar terms China\u2019s exports fell 25.4 per cent in February from a year earlier, the worst one-month decline since early 2009 and down from an 11.2 per cent drop in January. Imports fell 13.8 per cent, trimming losses after an 18.8 per cent fall in January. The\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25738,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/05\/12\/iron-ore-bull-bear-outlooks\/","url_meta":{"origin":5386,"position":5},"title":"Iron ore: Bull &#038; bear outlooks","author":"Colin Twiggs","date":"May 12, 2021","format":false,"excerpt":"Iron ore prices are soaring but there are widely differing views about how long this will last. From Investing.com: Ark Invest\u2019s Cathie Wood, whose ARK Innovation ETF was the top-performing U.S. equity fund last year.....said in a webinar Tuesday that she sees spiking commodity prices as a sign that businesses\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5386"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5386\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}