September more than half of NM360 wear resistant steel is expected to slump
China's CPI grew by 2% in August, to a new high since August last year, NM360 wear-resistant steel than expected and the former value; PPI fell by 5.9%, a record low since September 2009, 42 consecutive months of decline. HSBC China chief economist Qu Hongbin believes that the expansion of the CPI rose mainly because of food prices rose; but other economic sectors of deflation has rarely improved, policy easing should continue.
On Thursday, the U.S. labor department data show that in September 13th when the first application of unemployment benefits of 275000, and the expected flat, lower than the previous week 281000. Last week the applicant unemployment decline, once again confirms American employment continued to stabilize. Over the past six months, the number of the first application of the number of relief funds continued to less than 300000, that the U.S. labor market is in a healthy state.
As early as 1 and a half years ago, Wuhan Iron and Steel shares of 10 billion yuan refinancing plan has been released. In August 2009, Wuhan Iron and Steel shares the company 2009 annual allotment program, proposed in accordance with every 10 shares not more than 3 shares placing proportions, a total of placing the number does not exceed 23.51 billion shares. Raise funds plan not more than 12000000000 yuan, into the three major projects. However, due to various reasons, allotment of shares has not been substantive progress, September 2010, desperation, Wuhan Iron and Steel shares again held temporary general meeting of shareholders, to extend a rights issue valid resolution a year. Know more about the company, please visit www.china8877.com