Iron and steel enterprises suffer from "high fear" on iron ore

According to the data available, the current price of 63.5% Indian powder ore is US$178/ton, up nearly 21% from mid-September 2010, close to the mid-April high of US$192/ton. In the past two months, steel prices have remained "徘徊" around 4,600 yuan / ton.

"The days of 2010 are not good"

For the steel industry in 2010, Luo Tiejun, deputy director of the Raw Materials Division of the Ministry of Industry and Information Technology, said that the average profit margin of each industry in 2010 was 6%, while the steel industry was only 3.5%, the lowest among all industries.

Looking back at the steel market in 2010, Sheng Zhicheng said with emotion that in 2010, the steel market “had a bad day”. In the first half of last year, the market was not good. Everyone had a good amount. In the second half of the year, the market was good, and everyone did not.

Shanghai's steel traders have "sympathy" for this. In the first half of the year, many peers were affected by the "upside down". The steel price was lower than the 4,000 yuan/ton cost line, and the rainy season came, and the World Expo, the steel business was very Not good. Although the steel market turned better after September last year, the "limited power and limited production" policy made everyone unable to run.

“Now the steel price has come up, steel mills have begun to resume production, but demand has entered a trough.” Sheng Zhicheng said that iron ore import costs have gone up, and many steel mills also expect to transfer raw material costs through other channels.

“The process of iron ore stocks has increased relatively.” Sheng Zhicheng said that although iron ore “thinks up”, there is still some risk in Yankuang, because the demand for steel is still very uncertain this year.

For the steel "winter storage", Liu Qiuping, chief analyst of Xiben Shinkansen, said that under the current high price, the enthusiasm of steel traders in winter storage is generally not high, and the construction steel market price continues to rise.

“The demand is very uncertain”

“Because the current profit of construction steel is relatively high, the re-production of steel mills in the later stage will still tilt towards the building materials sector, which also increases the supply pressure of building materials in the later period.” Liu Qiuping, chief analyst of Xiben Shinkansen.

With the gradual change of energy conservation and emission reduction policies, the resumption of steel production in the late 2010 will be further increased. According to data released by China Iron and Steel Association, the daily crude steel output in the middle of December 2010 was 1.677 million tons, an increase of 4.5% from the previous month.

Liu Qiuping said that at present, steel mills generally have a large profit margin. Under the current weak situation, steel mills have increased their willingness to maintain prices. Sheng Zhicheng said that steel companies are profitable and will seduce all production capacity in spite of everything. The release of production will be much more intense than in the second half of last year. High supply pressure will make steel prices face a very embarrassing situation, and this year's steel demand is very Big uncertainty.

For this year's steel market, Sheng Zhicheng said that from the current situation, the cost of raw materials is relatively high, which is a support point for steel prices in the short term. In addition, the relative position of steel has declined, which is also a “good”, but also It must deal with the “low demand” in the first quarter of this year, as well as the process of gradual recovery of production capacity, as well as several “bad” factors of high cost.
 

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