The world economic recovery is slow, China's steel prices "rise less and fall more"

　　At the information conference, the China Iron and Steel Association stated that in the first half of the year, the efficiency of iron and steel enterprises was low and the operating situation was severe. In the first half of the year, the average sales profit margin of member steel enterprises was only 0.13%, the lowest in the national industrial industry, and the profit was decreasing month by month. According to data from the China Iron and Steel Association, last month, due to the continued decline in steel prices, member companies lost a total of 699 million yuan after the profit and loss were offset, the first loss this year.

　　The loss of iron and steel enterprises reaches 40%

　　In the first half of the year, the world economic recovery was slow, my country's economic growth slowed down, structural adjustment was intensified, and the growth of steel demand slowed down, while domestic crude steel output increased significantly, and the market oversupply remained unchanged, resulting in continuous steel prices. At a low level, because the price drop of iron ore is smaller than that of steel price, the production cost of the enterprise is still at a high level, the operation of the enterprise is very difficult, and the economic benefit is very small.

　　The world economic recovery is slow, Chinese steel prices "rise less and fall more"

　　According to the data released by the China Iron and Steel Association, in the first half of the year, the member iron and steel enterprises achieved sales revenue of 1,799.8 billion yuan, a year-on-year increase of 0.94%; realized profits and taxes of 39.79 billion yuan, a year-on-year increase of 1.49%; after the profit and loss were offset, the profit was 2.267 billion yuan, and the average sales profit margin was only 2.267 billion yuan. 0.13%. Among the 86 member companies, 35 are loss-making companies, with a loss of 40.7%.

　　Association: Banks will not stop granting loans to the steel industry

　　At the press conference of the State Council Information Office last week, Zhu Hongren, chief engineer of the Ministry of Industry and Information Technology, once said that the debt ratio of the steel industry is high, and the risk of capital chain rupture is rising. Suspension of production means that banks will soon come to borrow.

　　The tight capital chain of iron and steel enterprises was corroborated by the information conference of the China Iron and Steel Association yesterday. According to figures provided by Qu Xiuli, Deputy Secretary-General of China Iron and Steel Association, the debt ratio of large and medium-sized iron and steel enterprises in the first half of this year has climbed to 69.74%, an increase of 1.37 percentage points. It is more than 100%. "It is barely maintaining, although there is no major problem for the time being, with the release of the government's next step to eliminate backward production capacity, the capital chain of some companies may really break."

　　As for the credit situation of the iron and steel industry, Qu Xiuli revealed that all loan suspensions do not exist. The China Iron and Steel Association has recently communicated with the China Banking Regulatory Commission to confirm that the bank will not suspend the approval of loans to the iron and steel industry, and will still maintain pressure. policy.