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A strong surge in shagang co harden steel plate
2013-08-15 14:06:08
After yesterday soaring coal plate, steel plate a strong rally today. As he said shagang co strong harden, large steel rose more than 7%, hualian mining, mining shares rose more than 5%, descibes Jin Ling, chongqing iron and steel rose more than 4%.
News, in the first half of the large and medium-sized iron and steel enterprise sales income 1.7998 trillion yuan, up 0.94% from a year earlier. Realize the profit tax 39.79 billion yuan, up 1.49%; Break even after profits of 2.267 billion yuan, an average return on sales is only 0.13%, the lowest in industry in the country; 86 large and medium-sized enterprises loss of 35 families, KuiSunMian is 40.7%; In June due to steel prices continue to fall, large and medium-sized enterprises loss of 699 million yuan, a loss for the first time this year. July, rising steel prices, industry profit is slightly better, but steel prices dropped in August earnings downward again, industry KuiSunMian will rise. In terms of specific varieties, at the end of July 2013 wire tons gross margin in 150-150 yuan/ton, other varieties of steel losses of 3-134 yuan/ton.
Boc international research report said that the government enhance economic stimulus, the market supply pressure is not big, the raw material under the condition of strong prices, market confidence returns, the recent steel price is expected to continue upward trend, while the second half of corporate earnings is expected to be better than the first half. A-share steel index rose 1.96% last week, the performance is slightly better than the market, from the perspective of the stock investment still relatively optimistic about the benefit from the downstream petroleum and petrochemical, nuclear energy equipment for the development of the company for A long time and Chang Bao litas materials co.