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Autore Topic: not only the number of large steel enterprises are still losing money  (Letto 3162 volte)
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« il: 12 Giugno 2012, 16:59:55 »

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Article Source: http://www.articlekingpro.com
Iron and steel industry is still "bleeding" Baosteel, Wuhan Iron and pick up the pace - St
JISCO Hongxing mid-year report released in 2009 became the Steel Listed companies reported finale. Center Daily News revealed that first half net profit JISCO Hongxing about 42.324 million yuan, compared with a 87.29% decline over the same period last year. Compared to Jiuquan Hongxing
 such break through industry "winter" start "step by step to profits", there are still many, including Angang Steel Company Limited, Valin Iron & Steel, including medium-sized steel enterprises is still at a loss.
 Steel plate mid-year report from the disclosure point of view, the steel industry as a whole has not "stop the bleeding."
 Baosteel, Wuhan Iron and Steel pick up the pace
First to Anshan, Valin With a cry of the industry late last year compared to the first half of this year, some steel companies have been the first to come out of the plight of loss.
 The first quarter of this year, Wuhan Steel shares to achieve a positive net profit of about 263 million yuan, profits of running a steel plate in front of listed companies. The results from reports of view, Wuhan Iron and Steel shares continue to continue this good momentum, a net profit of about 505 million yuan. In addition,les individus sont exigeants sur lequel ces personnes mettre, in the first quarter to 89 million yuan of net profit in the profit and loss line struggling Baosteel, interim results are slightly firm footing, about 669 million yuan net profit.
 With Baosteel, Wuhan Steel shares early pre-empt the "off losses" compared to the same as the first echelon of Angang Steel Company Limited, it seems children have not got it together. Reports Disclosure of shares under the AISC, 1-6 in the loss of this year reached 1.563 billion yuan, down -126.14% over the same period the previous year.
 Another loss also more "substantial" in Valin Iron & Steel, its first half net profit of about -5.22 billion yuan, down -165.14% over the same period.
 Valin Iron & Steel said the company through a difficult 1-4 months into May, Economy Began to pick up, steel prices rise, efficiency is improving month to achieve Sell Income of about 3.2 billion, profit flat; June month turned loss into gain, profit 115 million.
 The industry has not "stop bleeding"
Industry experienced a cold winter after the end of last year,By installing software in your PC, since the first half of this year, although the steel industry is gradually being warmer, but the gap between steel prices compared to last year is still not small, it also led to the profitability of core business of steel enterprises Compared with a year earlier sharp decline have appeared.
 The same time, the steel plate from the performance of listed companies of view, not only the number of large steel enterprises are still losing money, and even if only small losses of the business profits, the steel industry the industry has not fully "stop the bleeding."
 "Not too optimistic." On the steel market has been repeated now that volatility in the profit and loss online business wandering how long the state will issue,Best SEO Company, yesterday, Metallurgy Deputy Director of Economic Development Centre Industrial Liu Haimin reporter's interview, said steel prices in order to return to profit in 2007 and 2008 levels is difficult.
 He also said that the State 4 trillion yuan of investment, after all, run out, if, when the market failed to improve, for many steel enterprises is quite big trouble, and money chain is very easy to go wrong.
 As for the soon coming of the third quarterly, Baosteel said in view of the global economy has yet to substantial recovery of the domestic economy is not strong foundation for sustained recovery in the steel industry, the sustainability of recovery in the economy there is a certain degree of uncertainty expects the first three quarters of 2009, attributable to shareholders of listed companies net profit fell sharply compared to last year.
 In addition, in Valin Iron and Steel also said mid-year report, due to orders not full, some crew underemployed Indicators of progress does not meet the budget requirements of production and operation of the second half of this to bring greater pressure.
 More to look forward to the performance of Angang Steel, the company expects 1-9 in the Center Daily News in the month of earnings from 0 to 4,126,000,000 yuan, due to loss of 1.563 billion yuan in the first half, obviously there will be more profitable in the third quarter.
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