A sharp drop in September mills benefit

Iron and steel industry benefits after the rebound in August, September began to fell sharply. Imported iron ore prices, steel sales prices are down, and corporate debt ratio increases,Hot rolled carbon steel seamless pipe iron and steel enterprises again fell back to the difficult pattern, and the most difficult situation or in the fourth quarter of this year.

Yesterday hosted by the Chinese society for metals, metallurgical industry planning institute to undertake the "2013 China iron and steel technology (the second) economic high-end BBS",Welding Socket Weld slip on flange vice executive director of the Chinese society for metals Wang Tianyi said that the current iron and steel industry is facing unprecedented difficulties, and this difficulty will continue to exist in a long period of time in the future. Difficulties mainly displays in the iron and steel industry at present stage in the decline of the industry benefit and enterprise capital increasingly nervous these two aspects.

Wang Tianyi pointed out that on the one hand,ASTM A53 carbon steel seamless pipe the rapid growth of steel production capacity and actual production, ore price is high, steel sales prices continue downward, causing the decline of the industry benefits; , on the other hand,114mm carbon seamless steel pipe china suppliers corporate debt ratio increases, its own funds to reduce, leading to enterprise funds nervous, individual companies or even at the risk of capital chain rupture.

The difficulty of "industry is the country has long been expansionary economic policies and enterprise common result of extensive management." Wang Tianyi said. "the reason of complexity and the change of the situation at home and abroad decided the difficulties there will be a long time, Xu Kuangdi director had been expected to after 5 to 10 years."
"Perhaps the most difficult time is 11, 12 months, after entering the winter, the north (steel) demand will reduce some." QuXiuLi, deputy secretary-general of the China iron and steel association, said the country will maintain the continuity and consistency of macroeconomic policy, and will not be issued a massive economic stimulus policies and measures, but increases the shanty towns transformation, the urban railway construction, energy conservation and environmental protection investment and new urbanization pace, is expected in the fourth quarter of this year, the national steel demand will continue to maintain a small increase.

QuXiuLi thinks, at present the world economic growth, but China remains the world's major economies, China's economy expanded by 7.8% in 2013, is expected to maintain steady growth. In the fourth quarter steel demand will keep growing, but affected by the financial strain and so on, not too big, should be a slight fluctuation.

Li xinchuang, deputy secretary-general of the China iron and steel association, said from the current situation, the crude steel production is still high, steel inventories decline in a row, but steel prices unchanged, and the ore price is still high. "The steel market trend of late September, and manufacturing of the main or the investment."
According to cisa statistics show that in late August 2013 national key mills aim of crude steel output rose 0.07% to 1.7402 million tons; Forecasts for China in late August crude steel output 2.1192 million tons, ten-day rose 0.05%. In addition, the national steel stocks have been falling for 25 weeks, a cumulative drop of 35.51%. And according to my steel net, index of tangshan billet continuous downward in September, on September 2-13, the index fell to 93.6 from 96.5, the current channel is still in the fall.