The profitability of the iron and steel industry has fallen to the lowest level ever.
the profitability of the iron and steel industry has fallen to the lowest level ever.
China Construction Machinery Information
Guide: the iron ore price, which has been rising crazily for many years, now has a relatively stable downward trend. It is reported that Vale of Brazil, the world's third largest iron ore producer, said that due to customers' strong demand to modify the pricing system, the company is negotiating with ArcelorMittal Steel Group and other enterprises to reduce
the price of iron ore, which has been rising crazily for many years, has now shown a relatively stable downward trend
it is reported that Vale, the world's third largest iron ore producer, said that due to customers' strong demand to modify the pricing system, the company is negotiating with ArcelorMittal Steel Group and other enterprises to reduce the agreed price of iron ore. In fact, iron ore prices have been falling for some time. It is reported that since October this year, the iron ore price, which has always been high and consolidated, has fallen sharply. From the previous high of $190/ton, it once fell to $130/ton, and fell to the lowest level in two years on October 28. Although there was a rebound after that, by 150, all the machines could not operate normally, and the dollar/ton stopped, not like the rainbow in the past. All this is prompting manufacturers to ask for a reduction in the agreed price
huyanping, an analyst at Zoomlion steel, told the media: "we expect the average import price of iron ore next year to be US $140/ton to US $145/ton, down 7% to 10% from this year. Judging from the price trend of the whole year, it is likely to be low in the first place and high in the second."
the profitability of the steel plant is at a new low
the fatigue testing machine is changed to avoid unnecessary losses; According to the analysis of insiders, there are many reasons for the price reduction of iron ore, but the most fundamental reason is that the supply exceeds the demand
according to analysis, the continuous high price of iron ore has made steel mills miserable, making them look for iron ore resources at home and abroad, and domestic small and medium-sized mines have also taken the opportunity to develop rapidly. From January to October this year, the domestic iron ore output increased by 26.44% compared with the hydraulic 4-ball testing machine I selected
at the same time, the import amount of iron ore is also rising. According to customs statistics, China imported 64.2 million tons of iron ore in November, an increase of 14.26 million tons over the previous month, an increase of 11.89% year-on-year. From January to November, imports totaled 62.201 million tons, an increase of 11% year on year. In contrast, from January to October this year, China's crude steel output increased by 11.6% year-on-year. The growth rate of iron ore supply has greatly exceeded the growth rate of demand
many manufacturers are relieved that iron ore is no longer soaring. Since this year, the life of steel enterprises has been difficult, and the profitability of China's steel industry has fallen to the lowest level in history. It is reported that in October, the profit of the whole iron and steel industry was at the lowest level in history, and the profit margin of 77 large and medium-sized iron and steel enterprises was only 0.47%; The profit was 1.375 billion yuan, down 82.6% from September
on the interactive platform of investor relations of Shenzhen Stock Exchange, Valin Iron and steel announced frankly that the company had a loss of RMB 163million in the first three quarters of this year. In the fourth quarter, the business situation of the steel industry began to deteriorate, and the steel price fell sharply. The pressure for the company to turn around its losses throughout the year increased. There is still uncertainty about whether it can turn around its losses throughout the year
in fact, the phenomenon of Valin Iron and steel is not unique. The general decline in profit margin has become a lingering "shadow" of the steel industry. According to the semi annual report data, among the 39 A-share listed steel enterprises, 17 had a year-on-year decline in net profit
according to the analysis of insiders, the rise of raw materials has directly led to a sharp rise in the actual procurement costs of steel enterprises. Data show that from January to October, the total actual product sales cost of 77 large and medium-sized iron and steel enterprises reached 2807.938 billion yuan, an increase of 25.2% over the same period last year