What,impact,the,RMB,depreciati business, insurance What impact the RMB depreciation will cause to China's steel
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According to the report hall: the RMB spot exchange rate finally closed at 6.2542 the other day, which has created the lowest level since last year December 5. The central parity rate against the dollar fell down for two consecutive trading day, dropped 137 basis points. The RMB against the dollar tumbled for a second straight day, and the spot exchange rate depreciation even exceeds 250 basis points, fell by 1.94%, close to 2% "stop line", creating record since foreign exchange earning change.By 7 o 'clock last night, the currency at the spot exchange rate finally closed at 6.2435, compared with yesterday's exchange rate improve slightly, but it is difficult to cover up the approximation of drop stop pessimism of January 26,."Someone glad someone sorrow", however, it is well known that the RMB depreciation is good for export, and for the Chinese steel industry, what kind of impact will the depreciation of the RMB cause to China's steel industry (upstream industry, midstream industry and downstream industry)?Chansons capital executive director Shen Meng said the depreciation of the RMB played a significant role in iron and steel products export indeed to our country, "RMB depreciation will stimulate the export of steel, but we need to clearly recognize that the iron and steel industry belongs to the midstream industry, although its downstream sales such as seamless steel pipe and welded steel pipe sales link strengthened, but most based on the precondition of China's iron and steel raw materials are via imports, the imports of iron ore will inevitably affected by depreciation, so the depreciation for the iron and steel industry is the pros and cons coexist, and steel mills for control of the situation of international financial situation mutation sensitive degree, is the key to decide enterprise benefit or damage".
What,impact,the,RMB,depreciati