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 / Companies

Major steel companies see strong Nov profits

By Wang Ying in Shanghai (China Daily) Updated: 2013-01-08 09:30

"Many of our clients have complained that they can hardly make a profit by making steel," said Zhu Xi'an, analyst from the steel information provider mysteel.com. "And the price of steel isn't keeping up with the soaring price of iron ore. They're worried the cost of raw materials will increase further and eat up their profits."

Xu Guangjian, an analyst from Umetal.com, another steel information website, said the price of iron ore went from $118 a ton to $155.75 a ton from Dec 3 to Friday, an increase of 32 percent. The price of steel went up by only 9.9 percent during the same period.

"Most steel companies are just breaking even," Xu said. "The price of iron ore continues to be high and there is no strong demand originating from downstream industries such as the property, electric home appliance and automobile industries."

Despite the trying times for the industry, only a few steel mills have shut down their operations. Yet for the majority of small steel enterprises, to continue operating, they have either had to be merged or incorporated into large steel makers, Zhu said.

As a result, the nation's steel output has increased continuously in recent years, even as the growth in demand for the metal began to slow.

Wang estimated that China produced 720 million metric tons of steel in 2012, compared with 683 million tons in 2011, according to China Central Television.

And even as the output numbers rise, China is using less steel, Wang said.

Analysts said the steel industry's profits will continue to be small for a long time.

"The biggest iron ore suppliers have too much say," Xu said. "They will raise iron ore prices immediately when steel companies raise the price of their products."

Pressed by the rising price of iron ore, Baoshan Iron and Steel Co Ltd, or Baosteel, the country's largest listed steel maker, decided on Monday to raise the ex-factory price for February delivery of its main products.

The increases seen in the prices of upstream raw materials and of spot steel products have together contributed to the latest price increases, said Hu Yanping, steel analyst with custeel.com, a provider of data on metals.

Hu said she believes other steel mills will soon follow Baosteel's lead on prices.

wang_ying@chinadaily.com.cn

 

More news on China's steel industry

Steelmaker bets big on diversification

CISA: Steel industry hit by overcapacity

Nov crude steel output increases 14%

Chinese steel price likely to fall: observer

 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 视频二区精品中文字幕 | 免费精品一区二区三区在线观看 | 在线成人播放毛片 | 日本特爽特黄特刺激大片 | 亚洲一区二区久久 | 美国毛片网站 | 欧美视频一区二区在线观看 | 色拍拍噜噜噜aⅴ在线观看 色青青草原桃花久久综合 色婷婷91 | 亚洲一区浅井舞香在线播放 | 老司机深夜影院入口aaaa | 免费看毛片网 | 国产萌白酱在线一区二区 | 欧美日韩在线观看精品 | 手机看片国产精品 | 99国产精品免费视频观看 | 91天堂网 | 毛片a级三毛片免费播放 | 国产三级精品91三级在专区 | 欧洲欧美成人免费大片 | 99国产福利视频在线观看 | 亚洲精品免费观看 | 四色永久 | 欧美日本综合一区二区三区 | 国产亚洲综合成人91精品 | 特级毛片全部免费播放a一级 | 日韩午夜在线 | 久久精品在线视频 | 久久观看视频 | 久久久久18| 99视频九九精品视频在线观看 | 久久99国产精品久久99 | 国产黄页 | 国产精品一二区 | 久久久久久色 | 最刺激黄a大片免费网站 | 久久福利青草精品免费 | 欧美另类videosgrstv变态 欧美另类高清xxxxx | 男人天堂视频在线 | 久草中文在线观看 | 欧美日韩精品一区二区在线线 | 欧美在线一区二区三区精品 |