Steel scrap market report November 2011

1. Financial overview:

There was favorable news released this month that Central Bank announced to decrease financial institutions RMB deposit reserve ratio by 0.5% since December 5.Asian Metal Copyright RMB deposit reserve ratio for large-scale financial institutions dropped to 21% while that for small-and-middle scale financial institutions reached 17.Asian Metal Copyright RMB deposit reserve ratio for large-scale financial institutions dropped to 21% while that for small-and-middle scale financial institutions reached 17.Asian Metal Copyright1.Asian Metal Copyright5% with RMB396 billion of capital released this time.Asian Metal Copyright3% in November compared with those of last month; while other indexes decreased as both new order index and export index decreased sharply by over 2% to below 50%.Asian Metal Copyright It was the first time for Central Bank to decrease deposit reserve ratio this year and the first time for the figure to drop in the past three years.

According to statement released by CLFP, PIM was 49.0% in November which decreased below 50% in general, down by 1.Asian Metal Copyright According to statement released by CLFP, PIM was 49.Asian Metal Copyright4% month on month.Asian Metal Copyright0% in November which decreased below 50% in general, down by 1.Asian Metal Copyright According to sub-items indexes, inventory index and import index of finished steel products increased by 2.Asian Metal Copyright0% in November which decreased below 50% in general, down by 1.Asian Metal Copyright8% and 0.Asian Metal Copyright4% month on month.Asian Metal Copyright3% in November compared with those of last month; while other indexes decreased as both new order index and export index decreased sharply by over 2% to below 50%.
.Asian Metal Copyright It was the first time for Central Bank to decrease deposit reserve ratio this year and the first time for the figure to drop in the past three yearsAsian Metal Copyright