Benefit from the concept of shale gas Valin Iron & Steel opened in July 24 shortly after a strong limit, and promote the collective rise of the related iron and steel stocks, are significantly stronger than the trend of Hals, three steel Min light, square steel 3 the market average.
However, from the fundamentals of statistics of the steel stocks, steel stocks results in the first half of this year the bottom basic foregone conclusion. 21 advance company announced an interim pre-hi's only three, which in addition to long established special Cailue the increase in the reasons for the company to raise investment projects producing gradual release of Panzhihua Steel Vanadium Titanium and Baosteel performance substantially pre-increasing a major reorganization of assets and equity sales for the company, the growth performance does not have continuity.
On the contrary Pre-losing and Pre-decrement, respectively, up to 10 and 8, the present situation, Angang Steel and Valin Iron & Steel, Pre-losing vulnerability, just sales price fell, the two companies were an estimated loss of 198 million in the first half of this year and $ 133 million.
Meanwhile, the downstream demand remains in the doldrums, high pressure on the stock, the loss of steel prices continue to expand at the same time, steel transport to the market supply has always been high. The latest statistics show that from the CISA, 1.658 million tons, average daily crude steel production of iron and steel enterprises in key statistics in early July, late ring, an increase of 0.44%. Business conditions continued to deteriorate, production has been marginal benefit, but many steel mills now still have to bite the bullet and continue to operate, leading to high market supply pressure, the contradiction between supply and demand is becoming increasingly acute.
China Steel Industry Association kine data show that the iron and steel enterprises in key statistics in early July 2012 crude steel production of 16,574,400 tons, 16,247,700 tons of pig iron, 15.713 million tons of steel. Per day and over the previous year of change were: 1.6574 million tons of crude steel, an increase of 07,200 tons, an increase of 0.44%, 1.6248 million tons of pig iron, an increase of 33,600 tons, an increase of 2.11%, 1.5713 million tons of steel, a decrease of 58 800 tons, a decrease of 3.60%. Number of steel prices too much, the concentration is low, no one wants to take the initiative to cut, afraid to let the market to competitors. "Zhang Lin, a senior steel analyst, if the current market conditions continue, steel prices will usher in a scale production. This scale production is not common before overhaul cuts, but the blast furnace discontinued.
Results of changes in the third quarter of the steel industry, the third quarter for the construction of off-season, steel prices up power shortage, the profitability of the third quarter of the steel industry is likely to continue over the second quarter fell slightly, but, with the September re-entered the construction season. the fourth quarter of profitability of the industry is expected to appear marginal improvement in the end of the third quarter, the plate may be expected to usher in a small rally. However, in the context of economic restructuring, the investment value of the steel industry is difficult to highlight. Even if three quarters of policy easing overweight, I am afraid that the height and point of the steel stocks rebound lags behind other cyclical stocks; even if the ring of the fourth quarter of fundamentals than improving, the industry boom will continue to be overcapacity in the repression of the illnesses.
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