"On the one hand, the downturn of the macroeconomic situation, through the layers of conduction, resulting in downstream enterprises demand for steel falling; the other hand, saw a little profit, steel prices will increase horsepower production, which led to the depressed market environment, the crude steel production is always upward
Went to a year in timekeeping. As in previous years, no matter how hot market changes, and steel companies are always the most "sad reminder" one of the industry. August 5, "International Finance Correspondent steel companies have disclosed the forecasting and reporting statistics that most listed steel prices are at a loss, only a complete replacement of assets, Baosteel and the nonferrous metals industry" take side "of Panzhihua Steel Vanadium Titanium's net profit in the first half of the pre-increase.
 
Exactly the same with the above data, the China Steel Industry Association (hereinafter referred to as "CISA") statistics also show that the first half of 2011, the Steel Association member steel companies sales margin fell from 3.06% in the same period last year to 0.13%. 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 over 90%, of which the losses of loss-making enterprises amounted to 14.248 billion yuan, 33.75 percent of the loss.
 
In this case, there were indications that the authorities are in the pipeline "bailout measures. Although not recognized by the official sector, but China Steel Association, the person concerned had to accept "International Finance reporter interviewed recognized when standing in the industry point of view, we and some businesses really calling for 'estate agents into the' policy look forward to alleviate the current pressures of the industry. "
 
However, the steel analyst said in an interview, the core factors to affect China's steel industry or production, "but this year, the industry-quarter downturn, China's crude steel production not only did not drop, but has also increased. This is not only weighed on steel prices, more profits for the companies.
 
And then decline in profits
 
To count by pounds at current prices, the price of a pound of steel not to two dollars. "Earlier this year, a Jiangsu steel trading business in the chat and" Finance News "reporter said," Think about it tomato prices over the same period? a Fuji apple in the price and how much? So, unless steel prices pick up, otherwise, this year, steel trade and steel prices, profits will continue to decline. "
 
Never want to be a prophecy.
 
According to the prediction of the steel companies, the three major steel central enterprises, the net profit of Wuhan Iron and Steel and Angang decline. Among them, the Wuhan Iron and Steel shares net income is expected to decline more than 50%, Anshan Iron and Steel Company is expected to net loss of nearly 2 billion yuan. Only expected to rise Baosteel, the main reason is that earlier this year completed the replacement of the stainless steel and other sectors.



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