China's iron and steel industry has changed from m

2022-08-06
  • Detail

According to the relevant data, since the fourth quarter of last year, the benefits of the domestic steel industry have declined sharply. In October last year, the total profit was 1.375 billion yuan, a year-on-year decrease of more than 80%; In November, relevant data showed that since the fourth quarter of last year, the benefits of the domestic steel industry have declined sharply. In October last year, the total profit was 1.375 billion yuan, a year-on-year decrease of more than 80%; In November, it was 1.222 billion yuan, a year-on-year decrease of more than 84%; In December, it was 3.022 billion yuan, a year-on-year decrease of more than 71%. The safety items that should be paid attention to during the operation of 201 granulator include the transformation of electricity, heat and machinery and the loading and unloading of bulky parts in the fourth quarter of the year. If the investment income and other items are deducted, the main industry of iron and steel production is basically a loss of the whole industry. So far, the downward trend has not stopped. The loss situation in January this year was more serious than that in December last year

according to the latest data released by China Iron and Steel Industry Association, the loss of the main industry of China's iron and steel industry is expanding, and the industry benefit fell sharply in the fourth quarter of 2011. The loss in January 2012 was more serious than that at the end of last year. In the words of liuzhenjiang, vice president of China Iron and Steel Association, China's iron and steel industry has changed from a low profit state to a loss state

according to the senior management of Baosteel Group, the market environment of domestic steel industry is indeed severe. In the case of general losses in the main business of the industry, Baosteel has maintained profits by virtue of its market advantages and the advantages of cash flow accumulation. According to the data released by China Steel Association, according to the statistics of 29 domestic enterprises with a steel production scale of more than 5million tons, 12 enterprises lost money in January this year, with a loss rate of more than 41%. Baosteel achieved a profit of about 160million yuan

at the beginning of last year, XuLeJiang, chairman of Baosteel, clearly judged that China's iron and steel industry has entered an era of meager profits, and it is impossible to develop at a high speed as in previous years. He repeatedly warned that the iron and steel industry would encounter a frog like adjustment in warm water, and was unknowingly in deep trouble. The actual situation seems to be changing faster

China's steel industry has always been regarded as one of the wind vanes of China's economy. Industry insiders believe that the current iron and steel industry has entered a phased dilemma, and the direct reason is the sluggish demand. Insufficient demand led to the decline of terminal steel price and poor delivery. However, the adjustment space for the cost of raw materials such as upstream iron ore is relatively limited, and the squeezing at both ends makes the steel industry miserable

China's iron and steel industry has reduced production for four consecutive months. The current average daily steel production level has remained at a low level in recent years, but the steel inventory level of steel mills and markets has remained at a high level. This indicates that market risks are still accumulating. The analysts of my iron and steel, a major domestic iron and steel information institution, said that the launch of the market after the Spring Festival, which has become a routine in previous years, has obviously lagged behind this year. It's not clear what the next March will be like

in the cold wind of the market, the early warning function of the index suddenly appeared. Relevant industry associations and institutions continue to introduce new index systems to the market in order to describe the market curve more quickly and accurately. The steel logistics professional committee of China Federation of logistics and purchasing has announced that in the future, a special monthly report on the purchasing managers' index (PMI) of the steel industry will be issued at the beginning of each month

CISA has started to release China's iron ore price index, and its ultimate goal is to become a pricing reference for future iron ore transactions. High ore prices and declining steel prices are considered to be one of the important reasons why China's steel industry is in deep trouble

in a recent speech, the head of CISA said that the so-called supply-demand relationship of imported ore has almost become a relationship of killing the goose that lays the golden egg, and the price and value have deviated seriously. He believes that since 2010, the first big mountain on the benefit of the steel enterprises according to the steel data is the sharp rise in costs. The most important thing is the sharp rise in the price of imported iron ore, which has pushed the steel enterprises into the loss line

it is estimated in the industry that the cost pressure of the steel industry will be difficult to ease in the short term, and there is little hope that the purchase cost of a considerable part of raw fuels will decrease. However, the trend of slowing demand in the steel market will continue. The weakening demand has caused great pain to the iron and steel enterprises that have long relied on economies of scale. The more Hershey steel produced in the market, the better the benefits will be. The changing moment that the market does not sample will also change. The more Hershey steel produces, the more losses it will suffer

shengzhicheng, a relevant person of the steel logistics professional committee of China Federation of logistics and purchasing, believes that from the perspective of the PMI index of the steel industry, it has basically shown a continuous downward trend since last August, reflecting that the overall operation of the steel and iron industry is in a downturn and has not yet stepped out of the downward adjustment range, and the steel price is difficult to see an upward inflection point in the short term. It is difficult to reduce costs, increase prices and increase exports, which will become the basic characteristics of the operation of the domestic steel market this year

Copyright © 2011 JIN SHI