Involving 200 billion yuan spot trading scale iron and steel logistics industry funding strand breaks risks are increasing. Iron and steel logistics industry can be said to the critical time of life and death, if we do not seriously deal with are likely to face more severe situation. "Said the steel logistics industry well-known economist Cheng Siwei, here at the Symposium on Sustainable Development on . The experts pointed out that if the industry is capital-strand breaks, or will lead to the Chinese steel industry supply cycle interrupt.
Along with the domestic economic downturn accelerated, the steel industry from January to May this year, profits fell 56.9 percent, and the whole industry is facing a loss. Downstream construction companies owed ??money, the accounts receivable cycle is elongated. Double squeeze, steel logistics enterprises in the capital chain tension, since last year, the financing costs continue to rise a few percent over steel trade, the "last straw".
Shanghai Iron and Steel Industry Association, Zhou Huarui disclose to a number of the reporters, according to statistics, Shanghai steel logistics enterprises in the balance of the loan of the banks last year reached 160 billion yuan, steel logistics enterprises as the main sponsor of the guarantee company in the security balance of 29.8 billion yuan , but research found that, along with the economic downturn and increased risk of bank side "rain closing the umbrella" to protect themselves intensified the funding dilemma, only six months this year, the bank pro-cyclical contraction of credit and increase the risk of price, Shanghai and Suzhou the scale of the two loans were compressed by 23% and 31%, resulting in the industry in a serious lack of liquidity.
Houyun Chun, deputy director of the State Council Development Research Center, said that the response to the current difficulties, banks deal with steel trade enterprise to maintain a certain scale of credit can help part of the steel trade enterprise with the bank a few years ago charged on the loan margin. From the government level, you can use the government a portion of society to raise part of the establishment of some steel trade enterprise development fund, to solve part of the difficulty of the steel trade enterprise, and the appropriate tax relief.
Other News:
Increased risk of iron and steel logistics industry funding strand breaks
Seal life and rolling bearing service life
Experts: Global steel industry needs to make adjustments
Thrust ball bearings running track to determine the installation method
Britain to promote clean energy and vigorously enhance the installed capacity of
The particularity of the process of IKO cylindrical roller bearings
The Japanese Government claims that can not accept the mainland and Taiwan on th
Japan's core machinery orders in May have been shrinking dramatically
