Near the end of 2014, watched the New Year is coming, but the stainless steel industry downturn and cried at the end of the downstream demand from the beginning of the year did not have very good improvement, downstream terminal has always been a mohican. According to the author, many steel trading business in this field is also a coup, and even raise the salesman commission, clinch a deal as long as there is profit split 50-50 is a cinch. There will be a YongFu under this kind of incentive system are the four questions. Therefore, under the current market is still some money as long as the businessman is available. Although have the gumption and merchants in stock is not much, but in the competitive environment is more and more bad next year, business is more of a downstream end demand depends on the volume.

And end demand is linked with the domestic monetary and economic policies. Nearly period of time, the influence on the market of the world's biggest data is the U.S. dollar index, which directly affects the global economy and market trends. And the strength of the dollar index rose is also China's domestic capital outflows.

Ubs said that since 2008, has about $1 trillion of the carry trade money into China, spreads to profit from China and overseas. But over the years, China has been providing higher yields, attracted a lot of dollar liquidity. But many of the trade is false, only short-term speculative capital flows. So before the last several years due to the stronger dollar spread arbitrage activities, led to a series of cash flows, when the money out of China, or very tight liquidity in China, it will be very great.

$aspects on the 29th, foreign exchange market is strong rising trend. The dollar index rose to 90.26 hit a record high. And it is not accidental phenomenon, the dollar is strong this point is also reversed transmission of RMB devaluation in the near future. But it greatly increased pressure on China's central bank reduced the accurate rate cut, otherwise will allow the yuan to depreciate sharply. But this has to do with China's current policy of RMB internationalization is the opposite, currency devaluation is the future ruined. So the central bank's monetary drain action is in in the future.

On this, there is another proof, according to the author authority channels to master in the year to August, key domestic large and medium-sized iron and steel enterprise indebted amount has reached 3.18 trillion, an increase of 150 billion yuan, compared to the same period last year growth of 4.9%. If days, mean 1 to August this year, the steel mills new sheets of more than 600 million yuan a day, as a result of the full year 2014 financial data has not been released, it is unable to accurately measure the key steel mills the liabilities for the whole year. But eight months of total assets is calculated from years ago, the rate of assets and liabilities of domestic key steel mills in August this year has been close to 70%, compared with the same period last year, no relief. Is known to all, focus on domestic steel mills are basically state-owned asset holdings, as the eldest son "" republic of China, facing the pressure of deflation, the water is imperative, the only problem is water.

2015 stainless steel industry, therefore, the downstream demand capacity on the economic level is relatively obvious strong point, given the policy chain reflect needs time, place the hump is expected the first half of the year, in the second half of the effect or, overall situation.