A number of large steel prices to huge loss
 
There are signs that China's iron and steel enterprises operating condition is deteriorating. According to the latest data released by the China Steel Industry Association show that the first half of its members to iron and steel enterprises realized a total profit of only 2.385 billion yuan, representing a substantial decrease of 54.549 billion yuan, a decrease of 95.81%; enterprises suffered losses totaling 14.248 billion yuan, the loss of 33.75 %.
 
In the first half, over a hundred billin huge loss in the steel industry at the same time, steel prices sales margin from 3.06% in the same period last year dropped to 0.13% of the extremely meager. "Chinese steel industry profit level is very low and in the loss of the edge, if the net investment income, the main steel industry is actually at a loss." July 31, China Steel Association in charge of the case said.
 
Previously held meeting on the fourth four executive director of the China Steel Association ? expand ?, the China Steel Association for Zhu Jimin said, according to internal estimates, the net investment income, the actual loss of $ 1.3 billion in the first half of the iron and steel industry. It is noteworthy that the listed companies, Panzhihua New Steel and Vanadium to get rid of losses through asset replacement, but the Panzhihua Iron and Steel Group of Chengdu Steel and Vanadium and Changcheng Special Steel drag, it was not out of the doldrums. Earlier this year, there are media reports of Panzhihua Steel Vanadium and Chengdu Steel and Vanadium total potential losses of more than ten billion yuan.
 
Angang Steel and Valin Iron & Steel turns in the last two years of domestic listed companies "loss": First, Valin Iron & Steel huge loss of 2.6 billion yuan in 2010, then 2011 Angang Steel reported a loss of 2.146 billion yuan, while Valin Iron & Steel 2011 losses for profit, but relies on the sale of a number of measures such as non-core assets, plus the losses of 1.168 billion yuan of government subsidies "combination punches".
 
Informed sources told the China Economic Times reporter, the first half of Valin Iron & Steel and Maanshan Iron & Steel loss of more than 1 billion yuan. Industry analysts, Valin Iron & Steel in the first half loss of about 1.3 billion yuan, with an average daily loss of 7 million yuan of view, it is expected that its full-year loss will not fall below 26 million may be close to the previous year's huge deficit.
 
Guangzhou Iron and Steel, heavy steel situation is very serious
In the first half, with the exception of the Anshan Iron and Steel and Valin Iron & Steel and Maanshan Iron & Steel huge loss, Shougang Group, Guangzhou Iron and Steel, heavy steel business situation is not optimistic. In recent years, after the relocation of Shougang, in order to survive, began throughout the country to seek the goal of the merger and reorganization, in Guizhou, Shanxi, Jilin, Xinjiang and other provinces have acquired a number of steel mills, steel mills have a profit, but last year almost entirely into the red . Even the the Shougang most cited think ho Caofeidian high-end iron and steel making project - Jingtang Steel also failed to profitability in 2011 net profit to a loss of 5.141 billion yuan.
 
According to the China Economic Times reporters learned that the first half of this year, the the Shougang loss of business situation does not fundamentally changed water steel, for example, the first half of a loss of more than 100 million yuan, close to Shougang, who told the China Economic Times reporter, the relocation of Shougang after some projects actually been put into operation, transferred to infrastructure but related indicators, and thus its financial report does not reflect the real operating conditions.
 
In fact, the relative Shougang, Guangzhou Iron and Steel, heavy steel, the current business situation is more severe. According to media recently reported that Guangzhou Iron and Steel nearly 10 commercial bank loans in arrears more than 3 billion yuan, while heavy steel chain of funding is also undergoing a severe test. Steel Association Deputy Secretary-General Quxiu Li has said that the steel industry is not quite, the capital chain of these two loss-making enterprises Buzhi Yu fracture, but the industry or for the two companies to pinch the Khan.
 
Recently there have been media reports said heavy steel HSBC bank borrowings of the State Development Bank breach of the Agreement In addition, the heavy steel CCB Financial Leasing Company for the financing lease breach of contract occurred. The above breach of contract financing totaling $ 3.6 billion.



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