The steel industry in June reappeared the loss of the whole industry

Abstract Recently released data show that from January to May, the profit of large and medium-sized steel enterprises was only 2.533 billion yuan, down 94.26% year-on-year; among them, the loss of loss-making enterprises was 11.749 billion yuan, and the loss was 32.5%. According to the statistics of China Steel Association, the first two of this year...

According to data released recently, from January to May, the profit of large and medium-sized steel enterprises was only 2.533 billion yuan, down 94.26% year-on-year; among them, the loss of loss-making enterprises was 11.749 billion yuan, and the loss was 32.5%.

According to the statistics of China Steel Association, in the first two months of this year, the national key large and medium-sized steel enterprises lost a total of 2.8 billion yuan. The subsequent 3, 4, and 5 months began to turn losses. Among them, the profit realized in May was only 1.403 billion yuan, a decrease of 21.66% from the previous month. However, the loss of loss-making enterprises in the month of May was 2.139 billion yuan, an increase of 8.8% from the previous month and a loss of 31.25%.

Affected by the big situation, Angang Group also suffered losses in the first four months. By reducing costs and increasing efficiency, it was difficult to turn losses in May, but the situation in June has once again become severe.

Hu Zhengwu, an analyst at China United Steel Network, believes that although the situation changed slightly from April to May, steel prices have continued to weaken since the new low level in the year since June, and some steel mill profits have once again entered a loss situation.

"The situation in June is worse than that in May, and it may still maintain a low profit. However, nowadays a big industry has a profit of more than a billion yuan. This is not much different from the loss. It is on the verge of loss. It is possible to reproduce the losses of the whole industry at any time," an expert from China Steel Association told reporters.

This is very obvious. Since June, the overall price of steel has been stable. However, the consolidation of this price is not stimulated by demand, but by the expectation of interest rate cuts and other major positive expectations. However, at the end of the month, there was no transaction to make the steel. After the price has stabilized for a period of time, it has to enter the down channel again.

In terms of steel mills, they continued to maintain high yields and were unwilling to relax. Inventories began to rebound at the end of June; further pressure on the steel market; coupled with the obvious investment in steel mills, the entire industry, including steel mills and steel traders The enterprises have a large loss, and the profit is very limited. It is also very normal. In the steel trade field, the sales of the funds are more common, and the losses are inevitable.

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