In the third quarter, the loss amount is close to the annual level of last year. How to solve the "dilemma" of the steel industry? Suggestions from the industry recommend actively reducing production.

① In the third quarter, losses in the steel industry intensified, with 21 out of 27 listed steel smelting companies recording losses, totaling over 14.5 billion yuan in losses, the quarterly loss total approaching last year's full year. ② Industry insiders believe that the main reason for the losses is the steel industry's own overcapacity, poor industry self-discipline, failure to actively limit production, product oversupply, continuously declining steel prices, slow decline in raw materials, and severe industry profit compression.

cls.cnOct 31 22:59

Steel prices continue to fall, gross margin decreases, baoshan iron & steel Q3 performance drops by 60% | Interpretations

Due to the steel price drop exceeding the drop in raw material prices, the profit margin continues to shrink, baoshan iron & steel's third-quarter performance declined by more than 60%. At the same time, due to the decrease in steel production and sales volume in the third quarter, as well as the impairment of assets extracted by the company in the third quarter, the changes in the above two aspects of operation and financial data also have a certain impact on the company's performance.

cls.cnOct 29 22:41

This year's first increase! Inner Mongolia Baotou Steel Union Q4 rare earth concentrate price increase may exceed 6%, analysis: driven by the upward movement of price cycle | Quick read announcement

①Following the continuous "hanging" of the rare earth product listing price in September and October by China Northern Rare Earth, Inner Mongolia Baotou Steel Union has also announced an increase in the rare earth concentrate trade price for the fourth quarter of this year; ②It is worth noting that this is the first time Inner Mongolia Baotou Steel Union has increased the rare earth concentrate trade price since the beginning of this year; ③Due to the rise in neodymium praseodymium oxide prices in the third quarter, the industry has expectations for the price increase of the rare earth concentrate of Inner Mongolia Baotou Steel Union in the fourth quarter.

cls.cnOct 9 20:57

The list of A-share central state-owned enterprises that will disclose the progress of mergers and reorganizations in the second half of the year is here, with the reorganization of central state-owned enterprises in full swing.

1. State-owned enterprises are undergoing a series of major restructuring and integrations, with "Chinese Divine Ship" and "Chinese Divine Lake" setting sail successively; 2. According to Wind data, since the second half of the year, there have been 8 A-share listed state-owned enterprises that have disclosed progress in mergers and acquisitions and restructuring, excluding failed restructurings and transferors, including China Tungsten and High-Tech Materials, Shenyang Machine Tool, China Resources Sanjiu, etc.; 3. The popular stock of state-owned enterprise reform, Baoding Tianwei Baobian Electric, closed with a record of 10 consecutive daily limit up on Friday.

cls.cnSep 15 14:02

Jiangsu Wujin Stainless Steel Pipe Group's net profit in the first half of the year decreased by more than 20% year-on-year, due to the decline in downstream demand and the underutilization of new production capacity. Interpretations.

①The demand for downstream petrochemical industry fell short of expectations, and the sales price of stainless steel welded pipes declined. In the first half of the year, the performance of Jiang su wujin stainless steel pipe group declined by more than 20% year-on-year. ②In August last year, a project of 0.02 million tons of high-performance stainless steel seamless pipes for high-end equipment manufacturing was put into operation by Jiang su wujin stainless steel pipe group. However, looking at the production and sales data of seamless pipes in the first half of the year compared to the same period last year, the production capacity of this project is not currently being utilized.

cls.cnAug 27 21:21

After the change of the controlling shareholder, Nanjing Iron & Steel released its first 'mid-term report card', which shows a performance growth of over 20% against the trend. | Interpretations

In the first half of the year, Nanjing Iron & Steel achieved a net profit attributable to shareholders of RMB 1.233 billion, a year-on-year increase of 24.70%; The company plans to distribute a cash dividend of RMB 1.00 per 10 shares for the first half of the year, with a total dividend of RMB 0.617 billion. Apart from maintaining a high level of profitability in the steel business, Nanjing Iron & Steel has also contributed significantly to other income growth in the first half of this year. In addition, both management expenses and staff salaries have seen a year-on-year decrease.

cls.cnAug 19 23:20