China’s large and medium-sized steel mills main business losses of more than ten billion yuan

China steel industry association released data, large and medium-sized iron and steel enterprise sales income 762.9 billion yuan in the first quarter, fell 14.48% year on year, the main business losses of more than 11 billion yuan, iron and steel enterprises is very difficult.

Data show that in the first quarter of the domestic crude steel apparent consumption of 177 million tons, fell 6.2% year on year, the main steel industry growth fall from a year earlier, at the same time, steel strength, the steel demand; At the same time, in the first quarter of the national production of pig iron, crude steel also fell by 2.3% and 2.3% respectively. Price, 3 at the end of the iron and steel association CSPI steel composite price index was 75.43 points, 19.4 points lower than the year-ago period, since April, steel prices continued downward slightly. Affected by this, it is very difficult to business: in the first quarter loss of main business of large and medium-sized steel enterprises reached 11.053 billion yuan, ZengKui 3.433 billion yuan; Losses of enterprises 50 households, accounting for 49.5% of the member enterprise number; Loss of enterprise loss of 10.355 billion yuan, up 27.31% from a year earlier. Relevant personage points out, since last year imported iron ore prices fell sharply, leading to domestic mining iron and steel enterprise management difficulties, facing losses, production, and even part of the production, though the state mining resource tax shall be levied at a reduced 40% after will play a role in relief mining loss, but not enough to compete with foreign mines, iron ore external dependence will be more than 80%.