The cost of the hottest raw materials is at a high

2022-07-23
  • Detail

The cost of raw materials is at a high level, and the benefits of iron and steel enterprises are declining. According to the data released by the China Iron and Steel Industry Association on the 29th, in July, the daily output of crude steel in China was 2749100 tons, down 5.78% month on month. The growth rate of iron and steel production has dropped significantly, and the steel price is relatively stable. However, due to the high cost of raw materials, the benefits of iron and steel enterprises have declined. From January to July, the member enterprises of China Iron and Steel Association met the most stringent requirements. According to the data released by China Iron and Steel Industry Association on the 29th, in July, the daily output of crude steel in China was 2749100 tons, down 5.78% month on month. The growth rate of iron and steel production has dropped significantly, and the steel price is relatively stable. However, due to the high cost of raw materials, the benefits of iron and steel enterprises have declined

1 from January to July, the member enterprises of Sinosteel Association realized a sales revenue of 2.43 trillion yuan, a year-on-year increase of 9.75%, but the sales cost increased by 14.4% year-on-year, and finally realized a total profit of 123.582 billion yuan, a year-on-year decrease of 23.93%. Recently, the semi annual reports of listed companies released successively also show that the vast majority of iron and steel enterprises have seen a decline in performance

according to the relevant person in charge of CISA, the sharp decline in profits is mainly due to the following functions in the price of raw materials: 1) automatic shutdown: the rise after the fracture of the sample. From January to July, the procurement cost of domestic iron ore increased by 19.88% year-on-year, that of imported ore increased by 29.13% and that of scrap steel increased by 10.03%

it is worth noting that although the price of imported iron ore continued to rise sharply, in July, China imported 91.01 million tons of iron ore, a month on month increase of 15.83 million tons, an increase of 21.06%; At the end of July, the port inventory of imported iron ore increased to 116.42 million tons

as the world's largest steel producer and steel consumer market, China is also the world's largest iron ore importer. However, due to the high concentration of mining enterprises and the low concentration of iron and steel enterprises, iron and steel enterprises have been in a weak position

in this regard, CISA believes that the current pricing mechanism has defects in maintaining the balanced development of the interests of the industrial chain, which is not conducive to the long-term mutual benefit and win-win of upstream and downstream industries, and still needs to be further improved. In addition, whether there are non supply and demand factors in the pricing mechanism deserves attention

"recently, the trade friction between China and the United States provoked by the United States has escalated, and its impact on the global economy is still emerging. However, China has also taken a series of measures to expand consumption and stabilize growth, and the demand for steel is expected to remain stable. Steel enterprises should remain determined, further reasonably control the pace of production, and maintain market stability." The relevant person in charge of CISA said

♂♂ Key words: raw materials, but from the perspective of future development, the cost of materials rises, resulting in a decline in the benefits of the iron and steel industry ♂ Previous: HVAC design | fire damper, smoke exhaust damper and take out the sample to inspect and record the fracture morphology characteristics of the sample the difference between fire valve and smoke exhaust valve ♂ Next: the second party branch of Wenzhou Institute of Metrology carried out a party day activity with the theme of "not forgetting the original intention and keeping the mission in mind" ♂ Related links

· HVAC design | the difference between fire damper, smoke exhaust fire damper and smoke exhaust damper

· yivalve Co., Ltd. plans to send 2 shares out of 10 in the half year of 2019

· quxiuli: the iron and steel industry should be ahead of the rule of law

· why can Jinbo valve group become a "shoulder" in China's civil valve industry

· 87 affected enterprises in Yongjia have all resumed production

Copyright © 2011 JIN SHI