Song Jijun, vice president of Hebei Metallurgical Industry Association, held in the recent Allianz Metallurgical Chamber of Commerce in 2017 Conference, said the national steel industry is from the 2015 industry-wide loss to bottoming out in 2016 to 2017 industry-wide Enter a new profit cycle.
According to statistics from Metallurgical Chamber of Commerce, from January to September, 145 key private steel enterprises (steel output accounting for 80% of all private steel enterprises) achieved sales revenue of 1.33 trillion yuan, up 43.93% over the same period of last year; realized profits and taxes of 127.32 billion yuan, an increase of 194 %; Profit of 93.2 billion yuan, an increase of 64.5 billion yuan, a substantial increase of 225%.
In the first nine months, private steel companies in Hebei province produced 106 million tons of steel with a sales revenue of 795.995 billion yuan, a profit of 48.88 billion yuan and a sales income margin of 6.1%. Private-owned steel of Jiangsu Province Steel production 65,684,500 tons, sales revenue 374.14 billion yuan, a profit of 21.05 billion yuan; Shandong, private steel steel production 35,807,600 tons, revenue 148,855 million yuan, a profit of 9.05 billion yuan, the sales revenue margin of 6.1% .
Among 145 key private steel enterprises, the number of loss-making enterprises dropped to 9, with a loss of only 6.2% .Specifically, nine steel enterprises, such as Shagang Group, Fangda Iron & Steel, Rizhao Steel and Jianlong Heavy Industries, earned more than 2 billion yuan, Hebei Dedicated, Yanshan Iron and Steel, Delong Iron and Steel, Liheng Iron and Steel, 21 steel companies profit more than 1 billion yuan.
It is noteworthy that in 2015, the national steel industry suffered a loss of 77.9 billion yuan and the industry-wide sales profit margin was only -2.23%, while the steel industry was in a loss-making state of the industry.Zhang Zhixiang, president of Allianz Metallurgical Chamber of Commerce and chairman of Beijing Jianlong Heavy Industry Group, Said that in 2017 the steel industry continued to improve and the steel price rebounded to a higher level.
To private steel enterprises, for example, from January to September total, the highest profit per ton of steel is Shandong Shiheng Iron and Steel, steel profits up to 899 yuan per tonne, Hebei Panyang steel tonnage of steel reached 781 yuan, 744 square Fangda Long steel 716 yuan.
Zhang Zhixiang believes that in 2017, the transformation of China's economic structure will be further deepened and significant progress has been made in resolving excessive steel production capacity and completely banning the use of "ground bar steel". Coupled with policies and measures such as environmental protection and limited production, as well as economic development factors such as infrastructure construction, manufacturing and real estate , Supply and demand are close to balance, which has created opportunities for the development of the iron and steel enterprises.
Currently, the price of steel has risen to historic highs, and in the past week alone, the leading steel mills in East China have pulled up sharply by about 500 yuan / ton. Taking the best rebar as an example, my steel network data shows that as of December 1 Japan, Beijing, the rebar price of 4530 yuan / ton, Shanghai, the rebar price of 4810 yuan / ton, Guangzhou, the rebar price is as high as 5060 yuan / ton. And December 30, 2016, rebar Beijing, Shanghai and Guangzhou only 2940 yuan / ton, 3150 yuan / ton, 3640 yuan / ton.
Zhang Zhixiang said that at present, steel prices rose to a higher level does not mean steel prices in a bubble, but the return of unreasonable prices over the past two years, but also realize that the formation of higher steel prices is the result of a comprehensive effect, It will not be long-term.
Li Xinchuang, president of the Institute of Metallurgical Industry Planning, said steel prices are a return to value. In recent years, the cost of raw materials and manpower has been on the rise. In addition, the technological upgrading of steel enterprises in environmental protection and the increase of capital investment have resulted in a substantial increase in overall costs Li Chongchuang also pointed out that on the whole, it is unsustainable that steel prices will rise sharply, and will probably be in a high position in the future.
Metallurgical Industry Planning Research Institute released the latest 2018 China's steel demand forecast results show that China's steel demand in 2017 725 million tons, up 7.7% over 2016. Steel demand in 2018 and basically the same as in 2017, to 730 million tons, up Growth rate is only 0.7%.
'We should be wary of the expansion of production capacity due to price increases.' Zhang Zhixiang said that at this stage the fundamentals of the steel industry are not strong, capacity utilization, supply basically entered a reasonable range, profitability tends to be reasonable, which are the result of supply-side reform should be To prevent enterprises from expanding the development of the old road again, forbid new capacity, prevent 'ground steel' resurgence.
