The overall economy slows, especially in a prolonged slump in the real estate market, Jinan steel trade has been dwindling, steel prices is showing a continuing downward trend, the single-week decline of some species or even over one hundred yuan. How can rapid shipments to reduce inventory risk, the most important issue facing the steel trade.
6, Lon, the Jinan Hidenobu up trading company, said in an interview, "the market downturn, worse by banks to stop issuing loans.
It is understood that the steel trade enterprise credit risk increase, the CBRC has repeatedly non-public development of the text to remind commercial banks, lending to the steel trade enterprise should further alert. Stop lending to liquidity is not sufficient steel traders in financial straits.
Eat slow poison
In the afternoon of the 6th, arrived at the steel market in Jinan City Industrial Road, greeted by a deserted scene, many dealer sitting in front of waiting for customers to come. More to go inside the more deserted, and even some companies closed the door.
Noticed that a pile of steel plate parked next to a crane, from the thickness of the dust of car for some time moved in the.
, Please? Jinan Steel, Laiwu Steel, Yongfeng and Japanese steel products have, want it cheaper, are available from stock. "Jinan jinqiu Lake is responsible for Gao Hua Pei came up and introduced.
According to him, since last year, the transactions of the entire steel market in the doldrums, steel prices have fallen sharply, down to the end of May this year, the lowest point of the steel commonly used in the construction industry and even fell to less than 4000 yuan per ton.
"In recent days prices have increased, but the market trading volume has not improved." Gao Hua Pei said.
"The market is too Depression, one week is not necessarily a single, even if there is a single, rarely shipments." Gao Hua Pei complained. According to him, after he every week dozens of tons of various products, but now one week will not get a ton of.
Gao Hua Pei said their company every business is the first offer to customers, underwritten by the company to buy it back from the big hands, and then sold to customers, normal a month later, the purchase price in order to hit the company account, which requires they have a large number of capital reserves.
Recently, he visited more than a dozen large dealership in Jinan, Jinan Iron and Steel took a total of 56 ten thousand tons cargo, each only 56 tons, than in previous years a lot less.
Market, lack of good support, generally pessimistic about the mentality of this year's merchants, some people say: in 2008 it was "jumped to the market" is now "eat slow poison".
Stop-loan crisis
Along the Industrial North Road, east in Guodian near, Lon, where the company.
"Now the market can not, my inventory in reducing, but still as high as over 10 thousand tons, too Pressure funds." The Lon complained just put down the phone, doing, carefully tie up funds of up to more than 4000 million.
"The current lack of liquidity, would like to point models add to the bank loan, but I never thought the previous cooperation in the few banks not to loan, but also a hammer drives so that the loan repayment." Lon said.
Reason why steel trading business, not from bank loans, mainly the end of April CBRC issued a notice requiring the banking financial institutions to timely adjustments to the credit of the direction and policies to prevent some of the steel trade enterprise fictitious trade background sets (cheat) taking out the loan act; the end of May, the CBRC rearrangement industry exposure, the steel industry came in second, has been placed in the real estate industry before.
The most recent period, the CBRC has repeatedly non-public development of the text to remind commercial banks, lending to the steel trade enterprise should further alert.
As a result, the credit risk of the steel trade and industry continues to accelerate, and want to financing even more difficult.
Reference to the CBRC is not shocking. It is understood that the second quarter of each year are trade enterprise loans due by the old more concentrated period of time, but this year the repayment of some of the steel trade enterprise increasing the pressure on individual banks and even the steel trade and business loans to maturity sum on overdue sum of the situation.
"The key is to worry about a number of traders from the banks for lending too much money, and then in the property market and stock market speculation." Company manager of a joint-stock banks in Jinan, Wang Zhenxing said.
It was explained that the steel trade needs to take up huge funds, steel trading business usually need financing in order to ensure normal operation. To meet the conditions of the bank's credit itself is not enough qualifications steel trading business, often through warehouse receipts pledge the mutual UNPROFOR, third-party guarantee in the achievement of the letter.
Wang Zhenxing believe that the credit collapse of the steel trade and industry as a whole, on the surface is due to a few pieces of steel trade boss is not on loan "on foot" thing. Behind this there is a common phenomenon, that is a considerable number of the steel trade and the boss did not bank loans for the steel trade, but much work for his Department. "If the steel trade enterprises lending funds used to operate the steel, the upstream docking iron and steel enterprises, the downstream docking customers, the credit is non-existent risk. But the problem is, after a considerable number of steel trading business to obtain loans to buy a house, fried place or loan-sharking, the event of a loss, the bank basically very difficult to recover losses. "said Wang Zhenxing.
An interview that the repeated pledge is an open secret in the steel trade and industry. Steel trading business, disclosed that one wishes to remain anonymous, which stems from the vulnerability of banks pledge information exchange and warehouse monitoring. "You can hold a warehouse receipt to multiple banks to loan, and banks can not go to the end the number of goods. This is also the steel trading business with the storage company to open up the key of the relationship, more steel trading business, simply open their own warehouse , they say goes. "he said.
That the steel trading business, said the empty single pledge of the industry as the first two open secret. For example, he said: "If I were worth 500 million of steel, and then seconded from other companies for 10 million yuan this way, the loan amount will be able to expand from 500 million to 15 million yuan."
The second half of the year can hardly be improved
Said steel analyst from the downstream industries, in particular the construction industry downturn, sales of the automotive, appliance blocked cause the demand for cold-rolled varieties is difficult to improve, the plate downstream machinery, shipbuilding and other industries are in a downturn, small support the rise of the factors, the overall disadvantaged-based stabilization. This recession will continue for at least the second half of the little signs of improvement in the current market struggling in the high inventory and low demand. "
The analyst said, "From a domestic perspective, the disclosure of crude steel production in recent months not only did not reduce, but also hit record highs, which restricts the prices of steel, the steel trade is difficult to obtain high profits through the stockpile; from abroad , the U.S. economy pick up slightly, but not obvious signs of recovery, the debt crisis in Europe continue to simmer, the surge in global economic stagflation risk, it is difficult to play an effective role in boosting demand for steel. "
In her view, the basic contradiction of steel oversupply, is insufficient to support steel prices continued to rise. Once the rising steel prices, steel prices capacity release, will exacerbate the contradiction between supply and demand.
Analysts believe that now the Steel City, there is an obvious feature, the short duration of the rising and falling a longer period, prices generally lasts a week or two, the decline in value of the cycle in a month or more often, sometimes for two or three months. "Steel City moving Sasser, of iron and steel enterprises, steel trade enterprise unfavorable."
For the banks to stop lending to the steel industry, analysts said the steel industry is capital-intensive industry, once the stop lending, the entire steel industry chain will face the risk of fracture. "At present, traders have been struggling, and if the banks stop lending, will send them into an impasse."



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