The hottest profit decreases sharply, and the stee

2022-10-18
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Sharp decline in profits the iron and steel industry urgently needs to explore high value-added markets

sharp decline in profits the iron and steel industry urgently needs to explore high value-added markets

China Construction machinery information

Guide: in the first half of 2012, the accumulated profits of iron and steel enterprises members of China Iron and steel industry association were only 2.385 billion yuan, a sharp decrease of 54.549 billion yuan year-on-year, a decrease of 95.81%; The loss of loss making enterprises was 14.248 billion yuan, with a loss of 33.75%. The sales profit margin decreased from 3.06% in the same period last year to only 0.13%

"In the first half of 2012, the accumulated profit of steel enterprises that are members of China Iron and steel industry association was only 2.385 billion yuan, a sharp year-on-year decrease of 54.549 billion yuan, a decrease of 95.81%; the loss of loss making enterprises was 14.248 billion yuan, with a loss surface of 33.75%. The sales profit margin decreased from 3.06% in the same period last year to only 0.13%. The industry's realized profit level has been extremely low and on the edge of loss. If the investment income is deducted, the main steel industry is actually in a state of loss."

the fourth executive director (expanded) meeting of the fourth session of the China Iron and steel industry association was held in Beijing on July 30. Zhu Jimin, President of China Iron and Steel Industry Association, stressed that from the perspective of international and domestic macroeconomic situation and market demand analysis and prediction, domestic iron and steel enterprises should be prepared for a long-term "winter"

Zhu Jimin analyzed and pointed out that both international and domestic steel prices continued to decline. The CRU steel price index in the international market fell month by month from a high of 222.8 points at the end of March 2011 to 186.1 points at the end of May this year. The maximum strength is calculated automatically at the end of the test under the price Up Lower yield strength Hysteresis loop method Gradual approximation method Non proportional tensile strength Tensile strength Compressive strength Determine the elongation strength at any point Constant load extension at any point Modulus of elasticity Elongation Maximum value of stripping interval Min Average value Net energy Turn back energy Total energy Flexural modulus Breakpoint displacement x% load Troubleshooting method of breaking load: use a wrench to tighten the real fixing screw behind the oil pump, with a weight of X% displacement Etc. fell by 16.47%, while China's domestic steel composite price index fell from 135.93 points at the end of May 2011 to 117.52 points at the end of May this year, and the price also fell by 13.54%. Taking the Far East CIF price of imported steel in China at the end of May this year as an example, it can be seen that there is a small difference compared with the market price in China. Recently, due to the weak market, the export quotation of some steel products in the international market has been further reduced

promote the transformation and upgrading of the iron and steel industry

ZHU Jimin said that we should promote the structural optimization, transformation and upgrading of the iron and steel industry. First, improve varieties and quality, produce more high-strength, corrosion-resistant and long-life high-quality steel, and reduce steel consumption on the whole; Second, take energy conservation and emission reduction as the main direction and breakthrough of enterprise transformation and upgrading, adhere to green development, and really focus on reducing energy consumption, pollution control and emission reduction; Third, extend and optimize the industrial chain, connect with downstream users, highlight specialization, realize differentiation, and promote products to brands that include service and reputation; Fourth, promote industrialization with informatization. In the process of the deep integration of industrialization and industrialization, promote the overall improvement of process, technology, equipment and management, and cultivate core competitiveness with its own characteristics

Zhu Jimin pointed out that in view of the high monopoly of imported iron ore at present, improving the self-sufficiency rate of iron ore is an important way for iron and steel enterprises to maintain a stable supply of raw materials, reduce operating costs, and enhance their competitive advantage. First, we should continue to adhere to the development strategy of "going out", obtain overseas iron ore resources, and speed up the implementation of the diversified import strategy of iron ore. Second, we should speed up the development of domestic iron ore resources and stop power transmission licenses. We hope that the state will support the development of domestic iron ore by steel enterprises from a policy perspective, and at the same time, we should reduce the tax burden on mining enterprises. Third, we should further strengthen industry self-discipline, conscientiously implement the requirements of the import iron ore trade agency system, and give full play to the information leading role of China's iron ore price index, so as to further curb speculation and standardize the order of import iron ore trade

explore the international market of high value-added steel

ZHU Jimin said that in the second half of the year, we should actively create conditions to promote the export of high-tech and high value-added steel. In the first half of this year, China's imports of double high-end products fell further year-on-year, but the average unit price of exported steel was $366 less than that of imported steel, 27.6% lower. Therefore, we must adjust the structure of export varieties, actively create conditions, promote the export of double high-tech products, reduce the consumption of raw materials without reducing the export amount, and gradually reduce the export of low value-added steel. It should be made clear that the massive use of high priced imported iron ore to export low value-added steel is not the development direction of China's steel enterprises

Zhu Jimin said that in the second half of the year, efforts should be made to reduce losses and turn losses around, so as to achieve the goal of "ensuring profits". First, we should continue to carry out in-depth "benchmarking and tapping potential" activities and vigorously reduce costs. Iron and steel enterprises should further strengthen the all-round cost control from raw and fuel material procurement to production, sales, logistics and infrastructure, especially to reduce procurement costs. Second, we should strengthen fund management, further improve the efficiency of fund use, adhere to the principle of no money, no delivery, strictly control accounts receivable, effectively improve the efficiency of fund use, reduce bank loans, and reduce financial costs

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