2015 steel prices continued downward, steel enterprises large losses. Forced some steel mills have chosen to stop losses, the industry stuck in a quagmire. Steel market enters 2016 after multiple positive factors and national macroeconomic policies to stimulate short-term demand and supply mismatch, etc., driven by a strong rebound in steel prices, profit per tonne up to thousand. The rapid improvement in profitability, bringing a large area to improve steel production complex and the overall level of profitability of steel prices, steel prices collective profitability. Market earnings stimulate production release in June, the national steel output broken million to capacity planning under pressure.
Recently announced some key enterprises. In severe overcapacity, loss of business continuity situation temporarily out of the mire, and achieve profitability.
Shagang Shagang Group’s shares, said the first half of 2016 profit 50 million yuan to 7500 yuan in the same period in 2015, had a loss of 62.9176 million yuan.
Angang Steel announcement is expected in the first half profit 300 million yuan, an increase of 93.5%, after the huge loss of 4.6 billion yuan in 2015. Wuhan Steel shares in 2015, “Wang losses” that “a quarter of the total profit of 130 million, net profit of 30 million, profit of 200 million in April, the first half of this year, a conservative estimate of 500 million yuan can be profitable.”
Maanshan Iron & Steel announcement the company expects first half attributable to shareholders of listed companies net profit of 450 million yuan, while the same period in 2015, a loss of 1.237 billion yuan.
Jiuquan Hongxing said the first half is expected to achieve net profit of 227 million yuan or so. A loss of 7.364 billion yuan last year,
Taigang Stainless Steel announcement is expected in the first half 2016 net profit attributable to shareholders of listed companies 2.86-3.17 yuan, a year earlier net profit of 63.9222 million yuan.
Including Shougang shares, three steel Min light Anyang Iron and Steel and other steel enterprises are to achieve profitability.
