According to the steel companies have been disclosed in forecasting and reporting statistics that the majority of listed steel prices are at a loss. The statistics of the China Iron and Steel Association also shows that 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, the loss 33.75%.
The ill-fated Chinese steel industry is once again caught the eye of the storm. Now, printing up words: iron and steel industry will collapse. Due to overcapacity, steel stocks reached the highest level in history.
Like many industries in China, 10 years, the steel industry was a huge growth. In order to meet the needs of the rapid development of the construction, rail, steel production increased by 63% in five years. Iron and steel enterprises in previous years the prosperous is not the result of competition, but simply because of the great efforts to develop real estate and the construction of high-speed rail and other reasons.
In fact, real estate have already been explored, the good old days of the iron and steel enterprises coming to an end. Chinese steel companies in the future may be increasingly difficult, and it is our own iron and steel enterprises to push to the quagmire.
Market observers believe that the domestic steel industry overcapacity will be a severe test. Winter I am afraid of the steel industry is not a year or two things, at least in more than five years. The same time, the needs of downstream industries to reduce steel production capacity of a serious oversupply in this case, the steel industry's profit margin is very small.
"China's steel industry will collapse," torture, no doubt the re-emergence of the economic development of Concerned domestic entities. Simply looking at the world, we really have no reason to disregard China's steel industry is likely to embark on the old road of the other industrialized countries, going through a painful contraction of the steel industry of this symbol of statehood. Of course, the steel industry is not the rebirth of the road, but it requires a thorough, completely transform is to transform the mode of economic development, eliminate backward production capacity. Or, to reduce steel production of 100 million tons, out of 100 million tons of backward production capacity, perhaps to avoid the collapse of the Chinese steel industry.
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