Steel Industry News

• source：JUNNAN
• author：JUNNAN
• date： 2016-09-23

                            STEEL INDUSTRY NEWS  
IN CHINA:
HSBC: due to increased supply, iron ore prices are expected to fall slightly. HSBC: due to increased supply, iron ore prices are expected to fall slightly; expects global iron ore market, excess supply status will last until 2019; 2017 is expected iron ore price of $ 42 / ton in 2018 to $ 41 / tonne .
 
Hebei: the first half of the steel industry profits increased dramatically. From Hebei Metallurgical Industry Association, the first half of this year, Hebei's steel industry profits increased significantly, the whole industry realized profits of 15.006 billion yuan, an increase of 181.35%; sales profit rate of 3.02%. It is understood that from January to July, Hebei private steel enterprises realized profits of 17.11 billion yuan, an increase of 282.95%. January to July this year, Hebei private steel enterprises in corporate profits before profit per tonne per tonne of 10 are more than 183 yuan, of which the highest profits per ton Delong Steel, reached 347 yuan; profit before corporate earnings amount 10 are more than 540 million yuan, of which the most profitable Jinxi Group, reached 1.383 billion yuan. In the survey statistics, 78 steel companies in Hebei, profit-making enterprises 63, faces an expanded 15.39 percent profit. In the first half of this year, Hebei steel industry realized profits than the national key steel enterprises realized profits of 12.587 billion yuan more than the amount of 2.419 billion yuan; sales profit rate than the national key steel enterprises was up 2.05 percentage points.
 
Henan intends to close 89 coal mines, Zheng Pingdingshan Coal Group are involved. Henan Province Development and Reform Commission on September 14, 2016 announcement of the closure of coal mines to exit the list. In this list, it includes 89 exit capacity of coal mines, including four genera of Zhengzhou Coal Industry (Group) Co., Ltd. subsidiary, five belong to China Pingdingshan Shenma Energy and Chemical Group Co., Ltd. subsidiary.
 
Lost the first iron ore port Rizhao Port: less than the amount of tax under the Real Estate Group of Companies. "Rizhao Port to die? Net profit fell nearly 30 percent, taxes not as a real estate business." The published list after tax, a local from the media on this subject reported tax situation of Rizhao Port, and in fact net profit fell three percent of the body is the Rizhao Port Co., taxable amount is 18.6321 million yuan, in this list, placing him in 12th place in the front rank, there are six real estate companies. An embarrassing reality is, Rizhao Port Real Estate Development Co. in the amount of 52.0858 million yuan tax, ranking second in the list, that is the first half of Rizhao Port Group and Rizhao Port (600017) tax amount is not such as Group s holding of a real estate company.
 
Sichuan three years Yajian steel production capacity of 6 million tons, poor implementation will be held accountable. Recently held in Chengdu, Sichuan Province coal iron and steel industry to resolve the overcapacity television and telephone conference revealed that on the basis of the existing achievements, from this year, Sichuan Province, will use three years to further Yajian steel production capacity of 6 million tons. Meanwhile, with 3-5 years, Exit to close about 215 coal mines, the coal industry to resolve the overcapacity of about 33.03 million tons.
 
Shandong Energy 4 Mine 2.5 billion loss, shut attrition. Initially "against the industry winter" and the establishment of Shandong Energy Group Co., Ltd., in five years to make a questionnaire, but apparently did not score on the report card to achieve its original intention. In fiscal 2015, the Group's overall loss of 6.1659 yuan, its subordinate six coal enterprises, in addition to the Zaozhuang Mining (Group) Co., Ltd., Zibo Mining Group Co., Ltd., the other four coal prices all losses, totaling up to 25.2822 billion. In the first quarter of this year, Shandong Energy Group is still at a loss, the number of 38.9507 million yuan. In the first half of this year, the group has been discontinued, cessation of 17 pairs of mine, compression capacity of 7.73 million tons, involving 9073 people who get up central funds 584,630,000 yuan prize. Data show that in the past three years, it has been split resettled 4.24 million.
 
 
 
INTERNATIONAL:
Roy Hill iron ore mine will not achieve its full capacity this year. After a problem with the port and processing plants, billionaire Gina Rinehart's iron ore production companies said their mines in Western Australia will not reach full capacity in the state this year. Roy Hill Holdings chief executive Barry Fitzgerald told reporters that the company is expected to achieve an annual production target of 55 million tons at the beginning of 2017, but not this year. This manufacturer of port facilities there have been some failures, and also solve some problems with construction-related plants.