2011 Annual Report on Silicon Carbide Market
2012-04-17 15:20:12 【Print】
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From the beginning of 2011, Chinese government withdrew the stimulating policy following growing concerns and warnings from economists on the rising inflation above 4 percent and increasing property prices getting worse
. To carry out the macro policy on curbing house price rising too high, provincial governments were directed to implement measurements aimed at reducing speculations in property market by restricting non provincial residents from buying houses . The housing market cooled down gradually, and house price dropped slightly . However, such kind of policies caused low consumption of steel products, as real estate enterprises slow down the construction without enough capital from banks and house purchasers . The output of crude steel in 2011 was 683 million tons, with a growth of 9 . 2% . Some small steel mills stopped production in the name of eliminating backward production capacity and excess capacity . Therefore, the consumption of refractory materials decreased slightly.