The hottest steel enterprises are still in the per

2022-09-23
  • Detail

Steel enterprises are still in the "low profit period" and the restructuring process of the steel industry has been significantly accelerated

steel enterprises 7 ophthalmicdrugcarriers are still in the "low profit period" and the restructuring process of the steel industry has been significantly accelerated

China Construction machinery information

Guide: after a continuous rebound for more than a month, the steel price has basically achieved a stable and rising trend, and the medium-term reports of steel enterprises that have come out in succession have also flashed bright colors from time to time. However, researchers in the steel industry generally believe that domestic steel enterprises are still in a low profit period due to the two-way squeeze of the upstream and downstream of the steel industry. However, at present, steel

after a continuous rebound for more than a month, the steel price has basically achieved a stable and rising trend, and the medium-term reports of steel enterprises that have come out in succession also flash bright from time to time. However, researchers in the steel industry generally believe that domestic steel enterprises are still in a "low profit period" due to the "two-way squeeze" of the upstream and downstream of the steel industry. However, although the steel industry is currently facing an adverse business situation, it is expected to develop better in the future with the implementation of the national integration of the steel industry

on August 22, WISCO (4.69, -0.01, -0.21%) released its 2010 Interim Report. The data showed that its operating profit in the first half of the year was 1.292 billion yuan, and the net profit attributable to shareholders of listed companies was 963 million yuan, an increase of nearly 90% over the same period of the previous year. Meanwhile, the semi annual report of Nangang (3.88, -0.03, -0.77%) also showed that its operating profit in the first half of the year was 141 million yuan, an increase of 183.87% over the same period of the previous year, and the net profit attributable to shareholders of listed companies was 99 million yuan, an increase of nearly 80% over the same period of the previous year

WISCO said in its semi annual report that the operating income increased significantly compared with the same period last year, mainly due to the increase in sales volume and sales price; At the same time, due to the rising price of raw fuels, the cost of sales has also increased. In the first half of the year, the steel industry experienced a rapid change from strong demand to downturn, with steel prices rising first and then declining, and profit margins shrinking sharply. After entering July and August, the steel used in downstream industries such as automobile, home appliance and real estate has changed sharply, the sales of steel products are difficult, the prices have fallen sharply, and the competition is more intense. The prices of iron ore, coal and electricity remain high, the production costs have risen sharply, and steel enterprises are generally on the edge of low profits or losses

statistics show that the price of raw materials and ores has rebounded for six consecutive weeks, and the production cost of steel enterprises has been rising, but the steel price in the domestic market is still at a low price. At present, in addition to the slight profits of individual varieties of spot steel mills, Changxie steel mills have also begun to move closer to the break even from losses, and the intermediate steel mills are still in the loss range

recently, the three giants of 189 tower cranes in the domestic steel industry, Baosteel, WISCO and Angang, all raised steel prices in September. However, it is generally believed in the industry that the current release of downstream demand is not sustainable and stable, and it is unlikely that a steady rebound in steel prices will form a trend

what is more noteworthy is that since this year, the state has made a series of policy punches in eliminating backward production capacity in the steel industry and accelerating industry mergers and acquisitions

at the end of May, at the National Conference on the elimination of backward production capacity in the industrial system, the Ministry of industry and information technology issued the target tasks of eliminating backward production capacity in 18 industries in 2010, including 30million tons of iron making and 8.25 million tons of steel making; The "opinions of the general office of the State Council on further strengthening energy conservation and emission reduction and accelerating the structural adjustment of the iron and steel industry" issued on June 17 requires that no new projects simply expanding iron and steel production capacity be built before the end of 2011; On July 13, the "standard conditions for production and operation of the iron and steel industry" was issued, setting specific requirements for existing iron and steel enterprises in six aspects: product quality, environmental protection, energy consumption and comprehensive utilization of resources; On July 15, China officially cancelled the export tax rebate rate of some steel products

201 all testing laboratories must calibrate their testing equipment. The main line of investment in 0 years is that the merger and reorganization of the domestic steel industry will accelerate

the Ministry of industry and information technology announced the detailed requirements for the structural adjustment of the iron and steel industry on August 12, saying that it will strive to use about three years to comprehensively rectify and standardize the production and operation of China's iron and steel industry, and will publish a list of enterprises that meet the requirements of the production and operation specifications of the iron and steel industry within this year

according to the plan of the Ministry of industry and information technology, the basic goal of the merger and reorganization of the iron and steel industry is to develop three to five internationally competitive enterprise groups with an output of more than 50million tons nationwide, and at the same time develop six to seven strong iron and steel enterprises with a capacity of 10million-30million tons. The Ministry of industry and information technology requires that the backward iron making and steel-making capacity be eliminated by the end of the third quarter of 2010, with 35.25 million tons and 8.76 million tons respectively. The policy of eliminating the backward capacity will be more and more stringent, and the means will be more and more

Zhang Xiaogang, chairman of Angang Steel, once said that the steel industry will be basically restructured in the next three years. Insiders also generally believe that the restructuring process of the steel industry will be significantly accelerated in the next two to three years

after the financial crisis, China's economy entered a period of adjustment, and the disadvantages of overcapacity in the steel industry were further exposed. Industry experts said that coupled with the requirements of domestic energy conservation and environmental protection and economic structure adjustment, it was bound to be a comprehensive index of mechanical properties such as material elasticity, plasticity, strength and toughness, which would trigger the in-depth adjustment of the steel industry

Copyright © 2011 JIN SHI