Zhang Changfu: The profit of the steel industry this year is expected to reach 30 billion yuan

On December 21st, at the "My Steel Network" annual meeting held in Shanghai, Zhang Changfu, secretary general of China Iron and Steel Association, said that the steel market was obviously oversupply, steel overcapacity was serious, iron ore entered the buyer's market, the whole industry The profit level may be slightly improved. The profit of the steel industry may reach 30 billion yuan this year, but the industry's profit margin is still at a low level.

Zhang Changfu said that the industry's steel production this year is expected to be 810 million tons, an increase of 1.67% compared with last year. Considering that there will be a significant reduction in inventory next month, domestic physical consumption will increase slightly this year, taking into account the sharp increase in exports this year. Moreover, the price has fallen more than once, and the market supply exceeds demand and the overcapacity situation is very obvious.

Previously, the Ministry of Industry and Information Technology announced three batches of enterprises that met the steel production policy. The data shows that domestic crude steel production capacity was close to 1.2 billion tons at the end of 2013. "Resolving overcapacity will still be a long-term and arduous task for us." Zhang Changfu said that China's steel industry accounts for half of the world's total, is the largest consumer market, and is a large-scale, heavy-weight steel production base.

He also pointed out that this year's steel capacity expansion has begun to cool down. In the past, the way out of scale expansion has not been able to go out, and the investment structure has been greatly improved, mainly focusing on mining, environmental protection, and deep processing of steel products.

In addition, the differentiation of the steel industry is also intensifying. Zhang Changfu said that due to the slowdown in steel demand, industrial concentration and other factors, the monthly steel index has been below 100 points this year, and the steel industry is still at the bottom of the national industry and industry rankings. The data shows that the average asset-liability ratio of the members of the China Steel Association is as high as 72%, and the total bank loans exceeds 1.3 trillion yuan.

Zhang Changfu said that under the new normal, the downstream steel industry will accelerate the transformation and upgrading. The steel industry still has huge development space and market. The new normal is both a new challenge and a new opportunity for the steel industry. It can foresee the total demand for steel products in 2015. Continue to remain basically stable, the fluctuations will not exceed 3%. It may also increase by about 1% to 3% on a stable basis, or it may not increase.

Secondly, Zhang Changfu also revealed that relevant national policies will be introduced one after another. In order to create fair competition in the market, the state will promote fiscal and taxation, financial reform, new environmental protection laws and new environmental protection standards, which will certainly inhibit the release of production capacity of the steel industry and the elimination of some backward production capacity. Greatly promote and aggravate the role. Zhang Changfu said that it is necessary to realize the transformation of China's steel industry from weight to quality.

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