Steel industry fell to a historically low level of profitability nbsp; more difficult next year than this year

Years steel industry may than this year more difficulties in recently held of "2011 China steel industry chain strategy development and investment Summit" Shang, CISA Party Committee Vice Secretary of Luo bingsheng Health said, in steel price fell, and mine price strong of background Xia, in China steel industry profit level has fell to history minimum level. According to CISA latest data display, October industry sales margins only for 0.47%, profit only 1.375 billion yuan, per cent fell 82.6%.　　In October, 77 key large and medium-sized steel enterprises industrial output value of 271.28 billion yuan, fell 348 million Yuan, achieved a turnover of 290.06 billion yuan, fell 7.13%; $ 1.375 billion in profits, fell by $ 6.52 billion, fall 82.59%., total more than 5 million tons of Enterprise 1.528 billion yuan in profits, fell 5.292 billion yuan, fall 77.6%. Iron and steel
Industry losses are growing. September 9 losses in large and medium-sized iron and steel enterprises in October, increased to 25 losses, losses expanded to 32.5%; 25 companies amount to $ 2.125 billion. even if profit is at the forefront of Baosteel and clad steel, profit is only $ 352 million and $ 322 million, respectively. For steel industry margins bleak of causes, Luo bingsheng health analysis, a is steel market oversupply of situation constantly accumulation, II is steel price fell and cost jumped. data display, 1-October in China imports mine average to Bank price per cent growth 166.66 dollars/tons, per cent growth 34.33%; imports volume 557.9344 million tons, per cent growth 10.86%. Luo bingsheng Health said: "This led we more paid meeting 23.762 billion dollars, by exchange rate 6.5 calculation, Equivalent to 154.453 billion yuan, equivalent to 1 solid national iron and steel industry