The hottest ore price and steel price go together,

The profitability of the iron and steel industry is better than that of last year. The profitability of the iron and steel industry is better than that of last year. The iron ore price will be lowered for the first time this year in the fourth quarter, which will help reduce the cost pressure of iron and steel enterprises. However, Ma Guoqiang, general manager of Baosteel [6.52 -0.76%], said that on the whole, The cost of iron ore in the second half of the year still increased significantly compared with the first half. Spot prices of iron ore and steel are basically

the iron ore price will be reduced for the first time this year in the fourth quarter, which will help reduce the cost pressure of iron and steel enterprises. However, Ma Guoqiang, general manager of Baosteel [6.52 - 0.76% should be loosened], said that on the whole, the cost of iron ore in the second half of the year was still significantly higher than that in the first half of the year

the spot prices of iron ore and steel are basically "going hand in hand", which makes the profitability of the steel industry in the first half of this year better than that in the same period last year. According to the statistics of Shanghai Securities News, in the first half of the year, the total operating income of Listed Companies in the steel industry was 578.8 billion yuan, compared with 413 billion yuan in the same period last year; The net profit in the first half of the year was 18.47 billion yuan, compared with a net loss of 7.843 billion yuan in the same period last year; In terms of gross profit margin, it was 9.68% in the first half of the year and 4.54% in the same period last year

according to Shanghai Securities News, from 2009 Effective elasticity and lag loss: from the first quarter of 2009 to the second quarter of this year, the gross profit margin of the steel industry was 3.72%, 5.3%, 11%, 8.4%, 9.38% and 9.94% respectively. Behind the low profit operation of the steel industry, the gross profit rate of iron ore has been at a high level. Taking Jinling mining, the only iron ore enterprise in the two cities [17.55 0.40% as an example, its gross profit margin from the first quarter of 2009 to the second quarter of this year was 37%, 37%, 44%, 44%, 53% and 57% respectively. According to my steel statistics, from the spot price point of view, in April and July this year, the comprehensive price of steel and iron ore basically synchronized to the highest and lowest prices

the price of imported iron ore fell, which was substantially beneficial to steel enterprises with more imports. Statistics show that the provinces and cities with high dependence on foreign minerals in China are Shanghai, Jiangsu, Zhejiang, Hunan, Henan, Hubei, Anhui, etc. The steel enterprises that are greatly affected by the decline of long-term association price are Masteel cobalt material environmental risk shares [3.43 -1.44%], Valin Iron and steel [4.42 - whether portal frame structure or single arm frame structure are divided into digital display and microcomputer controlled 1.12%], WISCO shares [4.68 -1.06%], Jinan Iron and steel [3.93 -1.01%] and Laigang shares [8.70 -1.58%] under Shandong Iron and steel