Increased forfeit of steel and hard metal development

Since the China Iron and Steel Association was acquainted that, regardless of the down turn in iron alloy output charges many, but because of market demand and living output capability exceeds demand, the merchandise of poor sales and reduced charges and other causes, producing in output decrease, one quarter of the household large and medium-sized iron alloy decrease of 3.308 billion yuan.

China Steel Association, manager vice head Luo Bingsheng said that the total hard metal goods produced is too high the first quarter of the source reasons for of enterprise losses. The first quarter advanced as a effect of the formation of the procurement market, and commanded to the distribute of goods produced scope for, trade overseas of hard metal yield as long as the matching interval plunged by 50%, and all turn to the in the household market, primary to oversupply of the in the household market; The charge is still the least since the end of last year spaces, and worse than the stage in 1994.

However, iron alloy charges and earnings over the identical time span last year, up 47.16 billion yuan contrasted to a decrease of margin is not large, but a decrease of only 20, accounting for 72 large and medium-sized enterprises for 34% of the metal and steel. Luo Bingsheng investigation This is because the cost of output over the identical time span have substantially decreased the cost of iron alloy dropped 350 yuan / ton. In supplement to coking coal charges by 12%, the household ore charges dropped 44 per hundred, while trades dropped 26 per hundred ore. As for the cost of coking coal charges, Luo Bingsheng referee will be modified downwards.

Although the decrease rate is not large, but the facts and numbers display that the decrease of a trend: The first two months decrease of 1.511 billion yuan, a month in March and come to 1.797 billion yuan loss.

It is understood that a drop in demand in the economic crisis at the same time, domestic steel production capacity has to increase, resulting in a surplus of products. Domestic crude steel production in the first quarter of 1.24744 billion tons, an increase of 1.74 million tons, and production was rising month by month; the first quarter average 1,416,000 tons of steel production. If this rate of production in accordance with it, then this year will be 517 million tons of steel production, will go a long way beyond the limits of national indicators for planning this year 460 million tons.

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