www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

Recyclers struggle amid economic slowdown

By Du Juan (China Daily) Updated: 2012-06-07 09:49

China's economic slowdown has made conditions in the recycling industry so bad in recent months that some in the industry are finding it hard to stay afloat.

"It is a tough year for the recycling business," said Dong Qinghua, a self-employed recycler in Beijing, who has worked in the business for more than 20 years. "It is harder to find both sellers and buyers."

He said profits from the scrap iron recycling business are only half of what they were a year ago.

He said he could make a 20 yuan ($3.20) profit from selling a ton of scrap iron last year, but "now I can only make 10 yuan".

He now pays about 2,000 yuan for a ton of scrap iron and sells it to steel mills. The unit price was about 3,000 yuan a ton last year.

The last month was especially difficult for him. He said he could only buy between one and two tons of scrap iron in May.

"I used to buy hundreds of tons of scrap iron a day in September when we had good business and worked long hours at that time," he added.

Recycled iron prices are influenced by steel prices. Since October, steel prices have been falling and inventories have been building up at many domestic steel producers.

The slowing economy, which has reduced steel demand, has influenced self-employed recyclers and waste recycling companies.

Beijing Hongda Weiye Recycling said the price for a ton of scrap iron is 2,600 yuan to 2,700 yuan, down 12 percent year-on-year.

Zhang Wei, the company's manager, said prices for new steel are falling, with scrap iron prices following the trend.

"The oversupply situation is really bad now in steel mills," he said. "Prices will probably continue to fall."

He said many recycling companies are getting out of the industry this year because of the slowing economy, and his company has also been hurt.

"Profit is down 75 percent so far this year, so we have to depend on volume," he added. "Employees' salaries have not been raised in the last year."

Guanniufang Waste Recycling said its business volume was down 50 percent compared with last year.

Huo Jian, the company's purchasing and sales manager, said the decline in construction projects is a major cause of the contraction in the scrap iron sector.

Rising demand for steel and other fabricated metals drove up prices after the financial crisis in 2008 and business boomed. Companies entered the market quickly at a large scale.

However, when the government imposed curbs on the real estate industry, scrap iron prices started to fall. And the slowing economy is a real challenge for the sector.

dujuan@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美日本一区视频免费 | 女人被男人桶 | 99久久国产综合精品成人影院 | 亚洲一级毛片免费观看 | 久久色视频在线观看 | 精品videosex性欧美 | 国产三级做爰在线观看 | 久久三级毛片 | 亚洲成a人片在线看 | 美女黄色免费看 | 男人的天堂在线免费视频 | 亚洲一区二区三区四区在线观看 | 成人在线网 | 怡红院免费的全部视频 | 中文字幕精品一区二区绿巨人 | 中文字幕或区 | 成人精品区 | 在线成人免费 | 久久久精品成人免费看 | 蜜桃88av| 99精品在线 | 国产精品欧美日韩一区二区 | 欧美一级毛片大片免费播放 | 亚洲成人黄色网 | 国产综合成人久久大片91 | 日日摸日日碰夜夜爽久久 | 日本免费网站视频www区 | 国产黄色自拍视频 | 日韩中文字幕一在线 | 最近手机中文字幕1 | 成人综合影院 | 欧美午夜免费一级毛片 | 成人资源在线 | 特黄特黄aaaa级毛片免费看 | 91亚洲国产成人久久精品网站 | 日韩欧国产精品一区综合无码 | 免费看毛片网 | 精品国产亚一区二区三区 | 国产主播精品福利19禁vip | 玖玖爱zh综合伊人久久 | 一本久久a久久精品亚洲 |