Since the China Iron and Steel Association was announced that, in spite of the descent in hard metal goods produced charges many, but because of market demand and surviving goods produced scope for exceeds demand, the wares of poor sales and small costs and other justifications, effecting in goods produced forfeit, one quarter of the in the household large and medium-sized hard metal forfeit of 3.308 billion yuan.
China Steel Association, manager vice head Luo Bingsheng said that the total hard metal goods produced is too high the first quarter of the source reasons for of enterprise losses. The first quarter advanced as a effect of the formation of the procurement market, and commanded to the distribute of goods produced scope for, trade overseas of hard metal yield as long as the matching interval plunged by 50%, and all turn to the in the household market, primary to oversupply of the in the household market; The charge is still the least since the end of last year spaces, and worse than the stage in 1994.
However, steel prices and profits over the same period last year, up 47.16 billion yuan compared to a loss of margin is not great, but a loss of only 20, accounting for 72 large and medium-sized enterprises for 34% of the iron and steel. Luo Bingsheng analysis This is because the cost of production over the same period have greatly reduced the cost of steel fell 350 yuan / ton. In addition to coking coal prices by 12%, the domestic ore prices fell 44 percent, while imports fell 26 percent ore. As for the price of coking coal prices, Luo Bingsheng judge will be adjusted downwards.
Although the loss rate is not great, but the data show that the loss of a trend: The first two months loss of 1.511 billion yuan, a month in March and reached 1.797 billion yuan loss.
It is understood that a drop in demand in the economic crisis at the same time, domestic steel production capacity has to increase, resulting in a surplus of products. Domestic crude steel production in the first quarter of 1.24744 billion tons, an increase of 1.74 million tons, and production was rising month by month; the first quarter average 1,416,000 tons of steel production. If this rate of production in accordance with it, then this year will be 517 million tons of steel production, will go a long way beyond the limits of national indicators for planning this year 460 million tons.
China Steel Association, manager vice head Luo Bingsheng said that the total hard metal goods produced is too high the first quarter of the source reasons for of enterprise losses. The first quarter advanced as a effect of the formation of the procurement market, and commanded to the distribute of goods produced scope for, trade overseas of hard metal yield as long as the matching interval plunged by 50%, and all turn to the in the household market, primary to oversupply of the in the household market; The charge is still the least since the end of last year spaces, and worse than the stage in 1994.
However, steel prices and profits over the same period last year, up 47.16 billion yuan compared to a loss of margin is not great, but a loss of only 20, accounting for 72 large and medium-sized enterprises for 34% of the iron and steel. Luo Bingsheng analysis This is because the cost of production over the same period have greatly reduced the cost of steel fell 350 yuan / ton. In addition to coking coal prices by 12%, the domestic ore prices fell 44 percent, while imports fell 26 percent ore. As for the price of coking coal prices, Luo Bingsheng judge will be adjusted downwards.
Although the loss rate is not great, but the data show that the loss of a trend: The first two months loss of 1.511 billion yuan, a month in March and reached 1.797 billion yuan loss.
It is understood that a drop in demand in the economic crisis at the same time, domestic steel production capacity has to increase, resulting in a surplus of products. Domestic crude steel production in the first quarter of 1.24744 billion tons, an increase of 1.74 million tons, and production was rising month by month; the first quarter average 1,416,000 tons of steel production. If this rate of production in accordance with it, then this year will be 517 million tons of steel production, will go a long way beyond the limits of national indicators for planning this year 460 million tons.
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