四川礦山

Service hotline:18989281813
Home>News>Industry News

Iron and steel industry profits or a near 3 year high valuation of repair push plate rose

2014-12-16
In the past three years, the stock market performance of decadent steel plate since June to new highs, many analysts think, the main reason behind is the steel plate performance reversal, the large blue chip valuation repair, and this trend will continue in 2015.
Steel plate after the try for the afternoon yesterday, fell 19 points, to close at 2537 points.
After two days, the steel plate a record 2628 points in three years (since 2011 September) the highest point. In June, the index is low to 1401 points, just in May, iron and steel index rose to 87%, become the second half of the two biggest increase plate of one city.
An analyst thinks, the performance of inversion is the most important reason for rising steel plate. Among them, this year the price of raw materials, far exceeding the decline in steel prices decline, but also is the main reason for the reversal of the steel plate performance. The performance of inversion has also led to the valuation of repair. Rebound in the current round of the former, a lot of iron and steel stocks fell below the net assets. Baosteel is the international competitiveness of iron and steel enterprises, at the end of 6, its share price fell to 3.8 yuan, compared to the net assets of 6.89 yuan / share, is the floor price.
Since this year, accounting for about 70% of manufacturing costs of raw fuel prices fell far more than 2 to 3 times of steel products, for the enterprise to provide a very favorable conditions for cost reduction. China Steel Association predicted that this year the total profits of the steel industry or will reach more than 28000000000 yuan, hit a new high of nearly three years.
Reporters from the Platts energy was informed that, before 2016, iron ore, new capacity will be great, and the growth rate of investment in the beginning of this year steel slight growth, which means that the iron ore supply situation continues, ore prices continued to fall is a big probability event.
At the end of 11, the national import iron ore port stocks reached 1.07 tons, an increase of 22.3%, the 10 consecutive month of more than 1 tons. China Steel Association believes that the iron ore supply and demand contradictions have not been fundamentally alleviated.
In addition, the price of crude oil fell system impact on commodity prices, will further suppress steel other raw material prices, cost down will continue to bring good steel profit.

Back