subject: Six Years, The Monthly Loss Of Iron And Steel Industry In The First 71 Are Medium And Large Loss Of [print this page] Therefore, steel is better than the first half of next year's second half performance. Yesterday, the China Iron and Steel Association statistics show that in October, 71 medium-sized steel mills loss of 5. 835 billion yuan. Of these, 42 companies at a loss, loss to 59. 15%. This is also the current cycle, the Chinese steel industry, the first monthly losses. Qi Xiangdong, CISA Deputy Secretary-General when interviewed said that at present China's steel industry has entered a difficult period of the second quarter of next year there will be signs of improvement. The analysts believe that, as the central policy of gradually introduced to stimulate the economy, steel prices stabilize, the gradual elimination of the market panic, confidence began to recover. Losses of loss-making enterprises reached 7. 774 billion CISA statistics show that 71 industrial output value of 169. 9 billion yuan and medium-sized steel mills, product sales 180. 8 billion yuan, total profit -58. 35 billion. A loss of 42 enterprises amounted to 7. 774 billion yuan loss. 1-10 months, total sales revenue of 227. 3 billion yuan, up 35. 05%; profit amounted to 126. 8 billion yuan, down 0. 93%. "My iron and steel" analyst Xuxiang Chun view, this meant that the current cycle, the Chinese steel industry, monthly losses across the industry. In 1998, the Asian financial crisis, China's steel industry losses had occurred throughout the year, when the profit margin is 0. 44%. Since 2002, the steel mills started to recover. In January 2006 once sharp fluctuations in industry profits fell to 1. 5 billion. This year in October, is also the most difficult period in Chinese steel mills, and in November, down sharply since the original cost of fuel, steel pressure to reduce these. However, for large and medium steel mills, only until April 1, 2009, after digestion expensive long association mining, steel-effective to enter the normal state. In October totaled 474. 6 billion yuan stock China Steel Association statistics show that 1-October, 71 steel stocks reached 474. 636 billion yuan total, up by 50. 33%. Among finished goods inventories reached 126. 8 billion yuan, up 45. 3%. October data show that 10 per month the amount of finished product inventories decreased 1. 3 billion more than in September. However, steel and finished goods inventory was 9. 37 million tons, increasing 160,000 tons more than in September. Analysts believe that these data indicate that large and medium steel stocks reached 21. 7 days. Inventory and sales ratio of 70%; and May data show that steel inventories remained at 12. 9 days, inventory and sales ratio of 41. 66%. And normal steel stocks should be between 10-15 days. The second quarter of next year is expected to improve "At present, China's steel industry has entered a difficult period. " Qi Xiangdong, told reporters that "the state has taken several measures to stimulate the economy, we still have confidence in the steel industry. The days of steel mills in the fourth quarter and the first quarter of next year will difficult, the second quarter is expected to be signs of improvement.
Six Years, The Monthly Loss Of Iron And Steel Industry In The First 71 Are Medium And Large Loss Of
