ortunities brought to some industries is just a temporary factor to consider,"
ma keming, an analyst on the steel industry at huatai securities in nanjing, says many steelmakers in the country have increased production to meet demands in rebuilding work.
"steelmakers will give priority to products used for repairing the power network," says ma. "that will drive up the industry's earnings."
rebuilding work is also likely to push base metal prices to new heights.
the most actively traded copper futures contracts on the shanghai futures exchange for delivery in may have surged an aggregate of 17 percent to 69,220 yuan per ton since late january.
aluminum and zinc futures contracts have also seen a jump in prices. the most actively traded aluminum contract for may delivery rose 6.3 percent last month to 19,835 yuan per ton, while zinc contracts for the same delivery month soared 12.6 percent to 21