Intensive introduction of macro policies to benefit steel prices

In September, good news about domestic real estate continued to be released, from clarifying the standard of "recognizing a house but not a loan" for the first home, to continuing to implement the preferential personal tax policy for residents to change houses, to guiding the reduction of existing mortgage interest rates, and optimizing and adjusting housing credit policies... Recently, a series of real estate policies have been optimized and adjusted, and the policy control toolbox has been continuously enriched. The reporter recently visited the real estate markets in Beijing, Shanghai, Zhengzhou, Changsha, Huizhou, Huainan and other places and found that the real estate markets in the first-tier cities represented by Beijing and Shanghai are actively trading, and the confidence of home buyers has been greatly boosted.

 

In addition, according to incomplete statistics, in August 2023, a total of 5,709 projects were started across the country, a month-on-month increase of 68.21%; the total investment was approximately 3,128.765 billion yuan, a month-on-month increase of 48.25%; the total investment in the first eight months was approximately 37.18 trillion yuan. It shows that in August, a total of 4 provinces carried out centralized construction activities of major provincial projects, including Shandong, Henan, Shanxi, Gansu, etc. 


Among them, Shandong ranks first with a total investment of 716.307 billion yuan, far exceeding other provinces. On August 4, Yuan Da, deputy secretary-general of the National Development and Reform Commission and director of the Comprehensive Affairs Department, said at a press conference that various departments are currently working hard to implement various reserve policies introduced in June in response to new changes in economic operations in the second quarter. Among them, policies and measures such as promoting the transformation of urban villages in mega-cities and the construction of emergency and emergency public infrastructure have been successively introduced and implemented. On August 23, Wang Daoxi, Vice Minister of the Ministry of Water Resources, also stated that it is necessary to promote the feasibility study and approval of major water conservancy projects planned to be started in the third quarter, make preparations for the start of construction, and ensure that construction starts on schedule.

 

In early September, under the influence of the steel macro-policy, the domestic steel market continued to rise steadily, and the market mentality was relatively stable. It is expected that steel prices will fluctuate and rise.

 

The above content is excerpted fromhttps://www.wenhua.com.cn/


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