专题首页/钢铁产业首页/中华商务网首页
在国际金融资本炒作海运和大宗商品价格背景下,中国钢铁企业对国际矿业垄断过度依赖而缺乏上游产业链战略调控能力。在这次严峻的铁矿石谈判形势中终于感到了战略被动滋味。目前钢铁企业已经进入微利时期。
最新文集
媒体专访
推荐视频

环球时报:中期业绩反映出钢铁行业艰难

2015-9-2 11:28:43来源:中商网撰写作者:余亚萍
投稿打印收藏
分享到:
  • 导读:
  • Many listed steel companies have reported losses for the first half of 2015, showing that China's steel industry is still mired in a severe downturn。
  • 关键字:
  • steel Ma Zhongpu

Interim results reflect tough times for steel sector

By Xie Jun Source:Global Times Published: 2015-8-31 21:08:01

Share on twitterShare on facebookShare on sinaweiboShare on linkedinMore Sharing Services0

---

Restructuring looms as competitive pressures persist

---

Many listed steel companies have reported losses for the first half of 2015, showing that China's steel industry is still mired in a severe downturn, experts said on Monday.

According to a report by the Securities Daily on Monday, of the 31 listed steel companies that had released interim statements as of Friday, 23 reported lower revenue and 13 reported total losses of 8.4 billion yuan ($1.32 billion).

The largest loss was reported by Chongqing Iron & Steel Co, which is based in Southwest China's Chongqing Municipality. The company, which released its statement on Thursday, said revenue slumped 25.22 percent year-on-year. It lost about 2.2 billion yuan, compared with a year-earlier loss of 945 million yuan.

According to Beijing Business Today newspaper on Monday, Chongqing Iron & Steel has reported widening losses for five consecutive years, indicating that the company's business is "constantly deteriorating."

Chongqing Iron & Steel attributed the loss to the weak domestic market, a shortage of capital and debt burdens.

The company could not be reached for comment by the Global Times as of press time.

Another State-owned steel company, Beijing Shougang Co, suffered a net loss of 223 million yuan, according to its half-year financial report released on Wednesday.

But the picture wasn't all bleak, with some mills reporting strong results.

Fushun Special Steel Co, based in Fushun, a city in Northeast China's Liaoning Province, said first-half net profit jumped 803 percent to 130.8 million yuan, according to its half-year report released on August 17.

Chen Li, research director of Huatai Securities, told the Global Times on Monday that generally speaking, the steel industry is still in a downturn amid the nation's broader economic difficulties.

"It's inevitable that a number of companies will fail. But really competitive companies can survive the storm. It's a reshuffling process," he noted.

Ma Zhongpu, a steel industry commentator, noted that both the Chinese and global economies have been under downward pressure in recent years.

But he said that steel prices on the global market have not declined sharply like in China, and the global steel market is not mired in large losses in the same way as the Chinese market.

"Steel companies in China have been engaged in excessive competition by squeezing prices, which has led to the losses. If such irrational competition goes on, it will be hard for domestic steel enterprises to reverse their losses," Ma told the Global Times on Monday.

But Ma noted that some steel companies started to raise their prices in July to stop the losses, an encouraging sign that the fierce competition might be ending.

Chen also predicted that China's steel industry might take a turn for the better "in half a year or one year," as the central government's strategy of strengthening infrastructure construction would provide ample opportunities for the industry.

According to a report in the Shanghai Securities News on July 20, the National Development and Reform Commission, the nation's top planner, approved infrastructure projects worth 892 billion yuan in the first half of this year.

Chen said that to improve their performance, steel companies should adopt a differentiation strategy.

"They should manufacture products that are relatively scarce on the market, such as special steel, instead of ordinary products such as hot-rolled steel," he noted.

(关键字:steel Ma Zhongpu)

(责任编辑:00866)
【2013年卷】【2012年卷】【2011年卷】【2010年卷】【2009年卷】【2008年卷】【2007年卷】【2006年卷】【2005年卷】
返回首页 战略合作 | 关于我们 | 联系我们 | 媒体报道 | 客户服务 | 诚聘英才 | 服务条款 | 广告服务 | 友情链接 | 网站地图
Copyright @ 2011 Chinaccm.com, Inc. All Rights Reserved.中商信息版权所有 请勿转载
本站所载信息及数据仅供参考 据此操作 风险自负 京ICP证030535号
地址: 北京市朝阳区惠河南街1091号中商联大厦 邮编:100024
客服热线:4009008281