Terminalcables

A few days ago, baoshan iron and steel Co., ltd., the company takes the lead in discounted prices policy released in December, the company main products factory price cut all, including hot rolling and cold rolling down every tons of 200 yuan and 300 yuan respectively. Tu plating plank price per ton following the 300-400 yuan. Baosteel are seen as industry vane.

According to Mr Steel information research center monitoring data shows, by October 31,, Lange steel national steel comprehensive price index is 171.7, the annulus comparing dropped 7.1%, the national average for a long material plate falling 340 yuan last month.

Citic steel industry analysts analysts 王喆 said to this net, baosteel price cut, for the composition of a fall. Earlier, steel trading business's first not to live, but steel enterprise snapback hats has been holding the price. Baosteel such big steel mills, price cut has certain hysteresis. Baosteel product with the difference between the market price is larger. So this product factory of baosteel cut more is comply with market for fall behavior.

Shanghai ShengZi steel market to the relevant person in charge of this said, downstream demand is bad, rise and rise motionless, fell to delivery. Steel enterprise previously for their own benefit, and is certainly not willing to price cut, now is no way, is also the result of the DaoBi market. Baosteel itself the product price is higher than market prices, traders have been to complain. But baosteel had been not your price, is they compare strong some every year, and steel trading business is to find their place an order, the agent demands steel enterprises.

Three quarterly reports show, baosteel shares a net profit of $1.242 billion in the third quarter, up to reduce 51.32%; Angang shares in the previous three quarters of a net profit of 239 million yuan, up by 90.71% and the

According to Mr Steel information research center monitoring data from monitoring the profitability of the seven varieties to see in October, each variety profit space greatly decreased, the seven varieties are already a loss, especially PuFang billet, hot rolls, of the plate in the amount of losses of more than $300.

Ubs securities analysts said, weak demand and cost performance in the third quarter to squeeze baosteel shares as expected. The polarized sunglasses company in the fourth quarter when to iron ore "spot" average price as the contract price pricing model, high cost inventory (2-3 months) and relatively lower steel actual average selling price could drag down four small quarterly profits level.

Lange steel information research center WangGuoQing said, domestic and foreign economic weakness.the, downstream demand weak and cost is still support weakened steel price stabilising the bounce of the restriction factor, is expected to domestic steel market in November will continue to shock the search. October 14 other large and medium-sized steel enterprises have boiler stop overhaul, affect the yield of about 1 million tons; In addition, hebei province and small steel boiler stop overhaul, time available, influence nissan 70000 tons.

WangGuoQing said slack demand by manufacturing, especially the automobile, shipbuilding, petroleum, chemical industry, electric power, light industries of steel demand shrinking effect, since this year, domestic steel market demand for products plank growth is slowing more obvious. Funds also resulted in steel downstream demand weakened important reasons. At present steel industry chain link is relatively nervous downstream funds, railway to slow investment, automobile growth is slowing, infrastructure investment scale narrowed, a group of end users generally put off purchasing, greatly influence the release of steel demand. Into November with the winter season gradually coming, construction will be affected, steel downstream demand gradually into the off-season.