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Steel drop in price bottomed out, demand is difficult to pick up, a lot of difficulties for the domestic large and medium-sized steel enterprises profit dropped to 54.549 billion yuan in the first half of this year. Faced with the grim survival situation, the China Iron and Steel Association (hereinafter referred to as "CISA") commonly used in industry profit "in the second quarter information release will be in the past caliber was changed yesterday," profit is very low ". Steel Association vice president Zhang Changfu alert to the domestic steel companies to do the mental preparation to face the difficult and long-term "winter".

Steel prices plummeted industry pessimistic

According to the China Steel Association statistics, the first half of 74 member steel enterprises realized a total profit of only 2.385 billion yuan, a decrease of 95.81%. Loss-making enterprises amounted to 14.248 billion yuan, the loss of 33.75%. Sales profit rate of 3.06 percent from the same period last year, down only 0.13%. Industry profit level has been very low and in the loss of the edge, if the net investment income, iron and steel industry is actually at a loss. "Zhang Changfu stressed.

Downstream industry growth is slowing down, demand for steel continued weakness in steel prices continuing to fall this year. To the end of June, steel prices have dropped to the lowest point in the year and a half. The latest data show that the July 6, the China Steel Association, domestic composite steel price index was 114.53 points, a substantial drop of 19.31 points over the same period last year, a drop of 14.43%.

"Steel drop in price is not terrible, fear is bottomless; funds tight, not horrible, for fear that banks across the board", which is recently very popular in the steel industry, a word is enough to reflect the steel prices do not give force, together with on loan to raise the threshold, the iron and steel enterprises struggled to live. However, Tianjin Benxi Iron and Steel Plate Processing and Distribution Co., Ltd., a sales person in charge of more frankly, from the point of view of the current state of the steel industry, in fact, these difficulties are not the most terrible, the key to the whole industry are pessimistic about the market, and that makes people find it difficult to see the future. A few days ago, the Steel Association for Zhu Jimin also pointed out that the "iron and steel industry, bitterness has only just begun.