An iron and steel industry sources said domestic steel companies producing serious surplus, but production is still very difficult, "because steel prices are not only the taxpayer, but also to create the output value of large".
 
In the first half of this year, the China Iron and Steel Association (CISA) member steel companies profit margin dropped from 3.06% in the same period last year to 0.13 percent.
 
On the morning of July 31, China Steel Association, held in Beijing this year of their second conference disclosed the above information.
It is disclosed in the first half of the China Steel Association has 74 member steel enterprises realized a total profit of only 2.385 billion yuan, up greatly reduced by 95.81%; Among them, the loss-making enterprises amounted to 14.248 billion yuan, the loss of 33.75%.
 
Industry profit level is very low and at a loss edge, if you remove the return on investment, the main steel business is actually losing money. "China Steel Association Vice President and Secretary General Zhang Changfu said.
 
According to internal estimates, net investment income, the actual loss of $ 1.3 billion in the first half of the iron and steel industry.



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