What To Make November 2018 Steel Enterprise Profit

What To Make November 2018 Steel Enterprise Profit

Date:Nov 08, 2018


According to the National Bureau of Statistics, 2018 1-September, ferrous metal smelting and calendering processing industry to achieve a total profit of 313.16 billion yuan, an increase of 71.1% year-on-year.

What To Make November 2018 Steel Enterprise Profit

1-September, China Iron and Steel Industry Association member Iron and Steel enterprises to achieve sales revenue of 3.06 trillion yuan, an increase of 14.47% year-on-year;The realization of profit and tax 346.681 billion yuan, an increase of 68.2% yoy;Achieve a total profit of 229.963 billion yuan, an increase of 86.01% year-on-year.In the first three quarters of this year, 160 private steel companies included in the all-inclusive metallurgical Chamber of Commerce achieved a total sales of 1.92 trillion yuan, an increase of 12% year-on-year;Net profit amounted to 168.3 billion yuan, a 130%-year jump.


What To Make November 2018 Steel Enterprise Profit


What To Make November 2018 Steel Enterprise Profit

At present, the social inventory of steel is in a reasonable range, especially the stock pressure of building materials is small;In mid-November, the heating season production restrictions will be released, steel capacity release will be inhibited;However, due to the onset of winter in the north, demand will shrink, supply and demand relations are limited, the steel market is expected to show a high degree of shock in November.It is necessary to focus on the implementation of production restrictions in autumn and winter and the impact of North timber southward on the market.


In terms of raw material costs, the import of iron ore and the rise in coke prices in October led to a gradual rise in steel production costs in November, and the Lange Iron and Steel Research Center expects steel companies to remain high in November, but the profit margins are limited or further narrowed. (Lange Steel Research Center Wangguoqing)



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