September large and medium steel enterprises only 2.53% profit ,steel price slump finally forced ore price down
The steel industry slump  began to spread the iron and ore industry, less than two months time, iron and ore prices have dropped from high this year as much as us $60, and continues to fall.
Iron ore supply and demand "inflection point" strong signal
Lips death and teeth cold. The steel industry slump began to spread the iron ore industry, even if it is behind have absolute monopoly position with lots of money and three mines. Iron ore supply and demand "inflection point" the signal comes is getting stronger.
The economic reference newspaper reporters have learned from port, printing powder prices from 63.5 futures us $151 / mt down to the current of the us $133 / mt in a week, falling $18 accumulation. Note the, 63.5 India powder grinding early September WaiPan offer ever reached 190 to us $191 / mt, less than two months , iron ore prices have dropped from high this year as much as us $60, and continues to fall.
On the other hand, in the recent domestic steel market, price falls has become keywords. Since the middle of October, wuhan, anshan, the main steel mills to cut the price of steel, steel trade market also appear hundreds of dollars of diving down. According to XiBen Shinkansen data shows that, the national average price fell last week steel comprehensive, weeks down approximation 200 yuan/ton; And September to October in just one month, the national steel average dropped more than 500 yuan/ton.
Once "easy a hard fall" "crazy stone" finally returned to and steel price "with fall with a" orbit.
Undeniable, because the three big mining status of monopoly, no matter before steel price drop, or steel meager profits even a loss, iron ore can still maintain high even constantly to rise in price. The economic reference news reporter from the steel association internal exclusive learns, into steel association in September of 77 large and medium-sized steel statistics profit is 7.899 billion yuan only, annulus comparing fell by 6.59%, from January to September accumulative total profits for 82.34 billion yuan, a 27.74% increase from the same period a year earlier. According to China steel association statistics show that large and medium-sized steel enterprises in September sales profit margin is only 2.53%, from January to September accumulative total profit margin is only 2.99%.
On the other hand, not only for iron ore imports increased, and prices have been high. China steel association latest statistics, from January to September accumulative total iron ore import 508 million tons, an increase of 11.03%, the total import amount of $84.207 billion, import prices rose 51.21% year-on-year, average import cif for $166 / ton. Compared with the same period last year iron ore imports for 458 million tons, accumulative total import amount of $55.689 billion, the average price for import $122 per ton. September monthly performance for 60.6576 million tons of iron ore imports, the import amount is 10.656 billion yuan, average import for $175.7 / ton cif price.
"The situation finally began to change." An industry insiders say to the reporter. He said a higher yield and iron ore prices, has been in the steel industry pressure over the heads of the two mountains. But, on the one hand, in recent years, the high price of iron ore stimulation of the global iron ore mining hot, with the current supply increases, iron ore "supplies" situation has eased, and three mine monopoly was also impact; On the other hand, our country as the largest country in the demand for iron ore, iron ore mining of domestic efforts in recent years to start continuously increased, provided in began to get increases, the effect of macroeconomic regulation by state, real estate and cars, home electrical appliances industry downstream demand commencement and demand, also reduced the demand for steel, and the demand for iron ore and begin to decrease.
"Sell of person many natural price will become reasonable." The east China area a steel factory director told reporters that since this year, because iron ore has been in high, many steel mills are beginning to reduce or stop entrance mine purchasing, turning to purchase domestic ore, or to purchase southeast Asia as well as some of the low grade of ore.
Analysts, told reporters in the present situation, the iron ore declined has not yet reached steel prices of the amplitude, if the market demand downturn still don't change, the next step is still have room for reduction of iron ore.
Analysts also said most of steel money pressure great, the benefit is very bad, steel prices may fell below cost, in this case, the part of the steel blast furnace production began to repair, and the short term overhaul of the production scope will further expand, this will to the iron ore import demand in a further blow. According to data that shows steel association, the steel industry has begun to cut production, September monthly crude steel production is 56.7 million tons, an increase of 16.5%, according to the estimates crude steel nissan level 1.89 million tons. But by the middle of October, nissan level has dropped to 1.818 million tons



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