It is reported that China Steel Industry Association executive director of the fourth four times (enlarged) meeting held in yesterday (the 30th). China Steel Association Zhu Jimin said at the meeting, the bitterness of the steel industry has only just begun. He disclosed that the member of iron and steel enterprises in the first half accumulated realized profits of only 2.385 billion yuan, representing a substantial decrease of 95.8%. According to internal estimates, net of investment income, the iron and steel industry in the first half of the actual loss of 1.3 billion yuan.
Last week, the average domestic steel price per ton continued to decline to 180 yuan, the current market downturn, sales are very optimistic about the domestic steel chiefs opt bearish domestic steel market. The original domestic steel companies struggling to survive through maintenance and other control and reduce production, some private steel mills have even begun to stop production, industry-wide losses intensified to bring a large area of ??cut-off wave "imminent".
Zhu Jimin said the international and domestic macroeconomic situation and market demand analysis and forecasting, the domestic steel companies to do the mental preparation to face the difficulties and long-term winter. At present, the association is facing difficulties in the steel business summary and preparing recommendations to the authorities, through the proactive fiscal policy and structural tax reductions to ease the current difficulties.
Also, sources say, the Ministry of Industry are in the pipeline to reinstate the policy of "import substitution", trying to help the turnaround of the iron and steel enterprises. The same time, in order to tap "the third profit source" for the purpose of the Ministry of Industry is to promote a strong upstream and downstream cooperation programs, with Baosteel for the demonstration, the major steel mills to increase cooperation in the field of logistics and service with downstream customers to effectively tap sales potential, and vigorously promote the major steel mills and accelerate the transition to an integrated service provider from the manufacturer.
For the above problem, the voice of special economic commentator, Wang Yuan Jing, researcher of the Institute of National Development and Reform Commission investment comments.
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