China seamless steel tube industry overall losses widened, with a fall in demand for domestic steel, steel mills for iron ore demand is synchronous, the iron ore market has been an oversupply.And the three mines abroad using low cost advantage, inverse city expansion, from the Chinese market, the existence on imported iron ore in China more than 80%.Early last year, imports of iron ore price is $133 / ton, now gradually stabilized at about 55 dollars/ton.Imported iron ore prices fall, also makes the lost cost is the important support steel prices., while the dollar is about to enter cycle and will lead to plunge in commodity prices, steel prices back to the other, the increasingly fierce market competition, the steel mills and steel trade among vendors to ensure that the market share of a vicious price war, seamless steel pipe price is an exodus, the steel industry overall losses widened, tons of large and medium-sized steel mills profit losses since last year 18 yuan to 50 yuan/ton.Excess capacity and excess capacity is not only a low-end products, most of the relatively high-end products also exist serious problem of excess.The steel association statistics, in January to July,
seamless steel tube enterprises settlement price fell 756 yuan/ton, a 28.38% drop.In late August, the main varieties of steel average price compared to the end of last year, rebar and wire rod fell 797 yuan and 904 yuan per ton, hot rolled coil plate dropped by 1197 yuan per ton, relatively high cold rolled sheet and galvanized sheet fell 1346 yuan and 1369 yuan per ton.More than the first half of listed steel companies main business revenue growth are negative, is the largest decline jisco HongXing (600307, shares), fell 37.99% year on year;Report of the large and medium-sized steel mills overall sales income is 1.14 trillion yuan, down 18.2% year-on-year.Steel mills advocate business wu income falling across the board, the production and operation situation is very serious.
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