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Advantage of China's iron and steel companies still profit - the steel industry, steel prices - by big tree
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Advantage of China's iron and steel companies still profit - the steel industry, steel prices - by BIG TREE
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| Article Posted: 11/02/2010 |
| Article Views: 46 |
| Articles Written: 1033 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 766 |
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Advantage of China's iron and steel companies still profit - the steel industry, steel prices - |
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Business,Business News,Business Opportunities
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2008 overall on domestic steel prices high, iron and steel enterprises to raise steel prices to digest the raw material price increases cost pressures. Maintain a strong domestic steel demand, steel production growth is relatively slow and result in tight steel market supply and demand, the market better than expected. The first-line steel companies received the strong support of the national industrial policy, while such enterprises through mergers and acquisitions, internal potentials, and the varieties of steel on to establish their superiority, continue to enhance the overall ability to resist risks.
Tight supply situation Steel production growth fell significantly. 1 May 2008, total crude steel production in China 216 million tons, an increase of 9.4%. Compared with 2007, crude steel production growth has been significant drop in domestic steel industry for many years been a clear trend of rapid growth control, iron and steel production has clearly entered a phase of slow growth. As the macro-control measures and the elimination of backward production measures steel gradual implementation of new steel capacity in 2008 significantly reduced.
And crude steel production growth rate dropped significantly different from 1 May, China's apparent consumption of steel is still up 16.5% year on year growth, basic and apparent consumption in 2007 a considerable growth. Half of the domestic fixed asset investment growth remains rapid, maintain a rapid growth in steel demand, market supply is tight, as supporting an important factor in rising steel prices.
Compared to last year, the first half of the domestic Iron ore Rose by as much as 80%, coke rose as much as 150%. To purchase stock of pig iron ore-based steel company costs about 80%, even with their own mines or mine-based steel company agreement of its pig iron costs are 30% to 50%.
First half of the domestic spot market Iron ore price Peaked again, now in Tangshan, Handan Xing and other main producing areas of Powdered Iron ore prices have been as high as 1,600 yuan / ton, up more than 80% increase. Ore imports rose by sea freight, international iron ore price hike and other factors giant, integrated CIF up more than 40%, some of the imported ore CIF price rises even as high as 80%.
To the end of June, secondary metallurgical coke in Shanxi Province (Juban Jia) has reached 2650 yuan mainstream Quote / tons. Coking coal and coke prices rapidly rising market, short supply is to promote this round of the main motives of coke market. Coking coal production in Shanxi Province by the lack of impact, since the coking coal prices in China since the end of 2007 into the rapid increase in channel, or ranks first in all kinds of coal. To the June 2008 general domestic coke coal price reached 1,000 yuan / tons.
As coking coal production capacity in China and more concentrated in small coal mines, more difficult to expand the supply of coking coal, hard coking coal supply and demand contradiction between short-term relief, we believe that the second half of coking coal prices will continue high, coke and coking coal prices will be the next rapid rise rising costs of steel production for six months to promote a major factor.
Price increase cost pressure digestion By the surging prices of raw materials to promote the first half of 2008 domestic steel prices continue to price adjustment, compared to last year, second quarter price of domestic long wire has risen by more than 80%, hot-rolled plate and strip prices also increase up to 40%. Iron and steel enterprises will raise steel prices have been basically brought about by rising costs of raw materials transferred to the downstream consumer industry pressure. Although this round of rising steel prices is driven by rising raw material prices, but tight supply of steel market is a smooth steel price increases of major external factors.
Plate in the domestic market, Baosteel has an important influence, in 2008 Q2, Q3 are also two large raised steel prices. We believe that the second half of 2008, high raw material prices will continue to run, support to run the second half of the domestic steel prices high.
2008 1 ~ in April, the profitability of domestic steel enterprises focus on the general level of the rise. I am a professional writer from China Manufacturers, which contains a great deal of information about ladies trouser socks , women's soccer socks, welcome to visit!
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