Technological advances and industry regulation is an eternal theme. Arctic steel industry have to do is to use a dynamic market mechanism, the introduction of new capacity to a large number of eliminating backward production capacity, while developing the core technology of varieties of steel
 
China's steel industry seems to be unable to crack the problem: futures spot continuous decline, capacity remains high, the stock continued to rise, and the prices continue to fall ...
 
Since October last year, the spot price of steel has fallen by 24%. More tragic is that on July 23, steel re-emergence of the ultra-anticipated sharp decline. Long products and flat, single-day drop in more than 1 percent in the previous is often the week's cumulative decline.
 
On the other hand, due to the ore price steel price linkage factor, the original ore fame from the fourth quarter of last year, has fallen sharply, just two months to drop abruptly to 23%. In April of this year, the traditional start season is not completely in the past, iron ore began to fall so far decline over 10%. At present, the grade of 62% of the powder ore CIF price has fallen below $ 120 / ton, year low, Ruqierzhi.
 
Multiple copies of data indicate that the entire steel industry into the arctic era.
 
However, the securities sector to the reporter of "China Investment" square steel mid-year report, Fangda steel in the first half of 2012 revenues of 6.7 billion, down 1%, second quarter revenue of 3.6 billion yuan, down 8%, increased by 13%; 7% of the first half of the weighted average return on net assets decreased by 8 percentage points over the same period last year; first half net profit attributable to parent company 200 million, down 40%, second quarter attributable to mother net profit of 120 million, an increase of 26%, down 53%, equivalent EPS0.16 in the first half.
 
In this regard, the evaluation given by the securities industry: in line with expectations, the yield rose contrarian, gross margin remained stable at "overweight" rating.
 
Arctic state of the Chinese steel industry is not no solution.



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