Start loss-mitigation seamless steel pipe business Some flat or profitable, since the first quarter of this year, steel prices have experienced the strongest rise in nearly five years.Myspic steel price index rising from the beginning of 73 to 95.2 on April 8, up by more than 30%.According to the march, nishimoto Shinkansen, a senior analyst at Qiu Yuecheng previous estimates, the domestic iron and steel enterprise profit most of per ton steel has can reach more than 200 yuan/ton, profitability at the highest level in nearly two years.However, the overall situation of seamless steel tube industry losses remains unchanged.Liu zhenjiang said that the current steel price is still lower than the same period last year, "low compared to the 500 yuan/ton in January, February, lower than 400 yuan/ton, compared to the march is lower than 300 yuan/ton, compared to the same so still ZengKui. Compared to the same"For seamless steel pipe business, if you want to completely get rid of the loss, not only for price, have to from their own change.Jisco HongXing although quarter still losses, but the implemented slide loss-mitigation, expects net profit for the first company in the first quarter of 2016-270 million yuan, compared with a year earlier loss-mitigation about 100 million yuan.From the steel mills of already announced first-quarter earnings forecast, signs prices driving performance improvement is obvious.Notice of shagang co in the annual report last year, in the first quarter profit profit, profit is expected to 380-4.2 million yuan, rose more than 50%.Shagang co certificate department, told reporters that "was in January and February was luckily, steel prices in March improve, product gross margin, profit rebound."Although before February industry losses of 11.4 billion yuan, but the steel prices rebounded in March to drive corporate profits rebounded signs are revealed."Now we each month loss-mitigation an average of 70 million yuan, profit is expected to begin in April."Nanjing iron and steel group chairman huang new said in an exclusive interview with the Shanghai newspaper reporter that the increase in the price of steel is the benefits of more than 2000, accounting for one-third of loss-mitigation amplitude.The first three months of this year, we in the "winter" seems to feel a small warm wind is blowing."Seamless steel tube industry financial work in 7th symposium, the China iron and steel association, secretary of the party committee and the secretary-general liu zhenjiang said," this three months some enterprises start to loss-mitigation, some flat or profitable, percentage of loss-incurring enterprises decreased, but there is no change industry-wide losses."The main benefit to steel prices, steel mills efficiency improved.
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