Debt scale

Before the "sea," events, shagang group, debt has been increasing.
In recent years,seamless carbon steel tube api 5l gr.b according to shagang group company financial statements, shagang group, the total debt of more than 60 billion yuan, as of the end of March 2013, shagang group, the total debt of 63.09 billion yuan, total liabilities of 80.655 billion yuan.
According to moody's subordinate ccxi to shagang group,Astm water fluid line carbon steel pipe for many consecutive years follow-up rating report, shagang group, the total debt has gone up from $2008 in 35.073 billion to March 63.09 billion yuan this year.
For years in a row in the report, ccxi referred to shagang group, some unreasonable debt structure,seamless steel pipe astm a106 gr b short-term debt is larger. Shagang group, the short-term debt mainly bank loans payable, notes payable, and the liquidity liabilities due within 1 year.
According to the rating report since 2009, the total number of three types of debt from 2009 yuan in March 2009, the rapid rise in March this year to 46.584 billion yuan, shagang group, short-term debt accounted for more than 74% have been, the highest reached 85.53%.
But as of last quarter issue new short-term bonds, shagang group, and no default records, long-term debt ratio of short-term debt has also decreased from 4.02 times in 2009 to 3.02 times that of last year.
But the long-term follow-up of shagang group,carbon steel seamless A106 steel pipe the project said: "based on China's largest private steel enterprises scale advantage, shagang group, for many years with four lines to keep a good relationship."

In the late iron ore price action analysis

Influenced by season, the late steel production was down, demand for iron ore will further weaken the intensity,seamless steel pipe astm a106 gr b iron and steel enterprise economic benefit is still at low levels, coupled with the domestic market of iron ore resources are still appears as an oversupply situation, the late iron ore prices still have further down space.

1, lower steel production annulus,Longitudinal Welded pipe and tube is on the decline in demand for iron ore

Ten-day reports according to the iron and steel association statistics, 9 months early member enterprise accumulated nissan 1.742 million tons of crude steel, fell 32000 tons, fell by 1.84%; Slow growth in market demand, under the condition of iron and steel production volume down,ERW carbon steel pipe ASTM A106/A53 demand for iron ore strength declined, iron ore prices to fall in.

2, the iron ore market continue to render an oversupply situation

According to the national bureau of statistics, 1 - in August, the total output of 480 million tons of pig iron,JIS 5K Plate flanges year-on-year increase of 29.8 million tons, must be finished ore 50 million tons. While the domestic iron ore (ore) production increased by 57.16 million tons, 40.21 million tons of imported iron ore quantity increased, the total amount to finished ore 56 million tons, is significantly higher than the amount of iron ore to pig iron for steel making production; In late September, the import iron ore port stocks of 72.33 million tons, fell 660000 tons, the overall level is still high. In the late iron ore markets continue to present an oversupply situation.