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Steel City earnings decline intensified damaged steel prices

Steel City earnings decline intensified damaged steel prices

According to the survey, as of January 10, the steel mills KuiSunMian has been enlarged to 57.06%, losses of enterprises for more than half of all levels, the iron and steel enterprises and years ago KuiSunMian was 48.47%.

Entered since 2014, the domestic steel market not only without any improvement, trend swoons over instead, the profitability of steel companies followed continued to deteriorate, further increase enterprise losses.

"From the steel mill cost and profit, the current thread, medium plate, cold-rolled, hot-rolled four varieties is still characterized by loss of momentum, the profit space besides of plate loss narrowed somewhat, the rest of the varieties have been expansion", "my steel net" research center researcher Wang Jinhua in its writing research report pointed out.

Wang Jinhua also pointed out that in the thread, medium plate, cold rolled and hot rolled in four varieties, "cold rolling losses was the smallest, losses of 142 yuan per ton, a loss of $90 over the same period last month increased".

The personage inside course of study is generally believed that enter since January, the expansion of domestic steel mills KuiSunMian is mainly due to the hong kong-listed demand has entered the off-season, combined with environmental protection and capital pressure, making steel prices have a downward situation. Steel composite index shows that as of January 10, steel composite index has been developed from the same period last month fell to 126.81 points, 129.13 points, or 1.8% y/y. Among them, the rebar and wire rod drop is most obvious, the monthly decline reached 3.79%, 2.97% respectively.

Rebar, for example, "steel unite cloud terminal", according to data from the Shanghai area rebar prices have by early January 3540 yuan/ton, down to the current 3400 yuan/ton, down 140 yuan/ton, down nearly 4%.

Notable is, because the prices continue to fall, coupled with the market demand to turn pale, steel social inventory has entered a steady rise in the channel.

Inventory data show that as of January 10, the national key city social stock has risen to 14.02 million tonnes of steel, increased last week to 13.7084 million tons, 13.7084 million tons of weeks from growth of 2.27%.

In view of this, the personage inside course of study thinks, steel mills losses may also exacerbate, "isn't enough, loss of time is not long, only let the small steel mills thoroughly collapse, large steel mills complete monopoly will end, or impossible structure transformation".

Source:

Tags: Smooth thread, medium plate, cold-rolled, hot-rolled steel city

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