Focus on steel prices: tasteless gesture
We have seen three, about Cao Cao eat the chicken ribs, tasteless gesture. Today's iron and steel industry development, also encountered such embarrassing situation. Especially in recent years suffered serious losses of steel enterprises, because of the local and central policy intervention and influence, want to stop and go down, want to retreat can not go out.
It is reported that, this year, crude steel consumption showed a negative growth overall. The decline of crude steel production in China is staggering, and the history of domestic crude steel is refreshed. On the other hand, it is very likely that the peak year of crude steel production in China in 2014 will be the peak year of the crude steel production, and the large increase of the steel market has become the past.
Focus on steel prices: tasteless gesture
The contradiction between supply and demand in China's steel industry is sharp. At present, the price of steel has fallen to an unimaginable level. The profitability of the profitable enterprises in the industry has dropped substantially, and the loss of the loss enterprises has worsened.
Because of China's steel production is low, the number of enterprises, in order to compete for the market, and the price war, resulting in the market prices have been declining, now the steel price has fallen to unimaginable proportions, at the same time, the vicious competition of the iron and steel enterprises from domestic to abroad, export environment continues to deteriorate.
Focus on steel prices: tasteless gesture
It is reported that 1-9 months of this year, the national export of steel 83 million 110 thousand tons, an increase of 27.2%, is expected this year's exports of steel billions of tons. Keep this export volume to some extent alleviate the contradiction between supply and demand in the domestic market, but the trade friction is facing tremendous pressure, after the American Iron and Steel Institute, the American Iron and Steel Manufacturers Association, the Canadian steel producers association, Mexico iron and Steel Industry Chamber of Commerce and other 9 iron and steel Association issued a joint statement, said the global steel industry is suffering from overcapacity crisis. Chinese and steel industry is the main effect of this problem.
The foregoing factors have led to a decline in profitability of China's steel industry. China Steel Association data show that 1-9 months of this year, large and medium-sized steel enterprises realized sales income of 2 trillion and 240 billion yuan, down 19.26%; total profit loss of 28 billion 122 million yuan, while the main business losses of 55 billion 271 million yuan; loss of 49 enterprises, accounting for 48.51% of the number of member enterprises, loss of business losses of 45 billion 42 million yuan, an increase of 352.85%.
Shanghai Steel Union chief analyst Wang Jianhua said that the steel in the forum, the iron and steel enterprises downturn has just begun, the future for a long period of time, steel prices still have 5%-10% down space, although still to the possibility of a rebound, but the rebound time than the time to fall short, "the next period of time, I personally think that the entire steel industry opened a warm boiled frog survival mode".
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