Iron and steel industry is optimistic in the second half

It is understood that yesterday, Baosteel held the 2011 semi-annual performance online briefing, many investors questioned the decline in performance. Moreover, in recent years, Baosteel has repeatedly been accused by investors for its performance and stock price issues. The upstream and downstream double extrusion caused Baosteel's profit to decline According to the 2011 semi-annual report issued by Baosteel, the company achieved operating income of 111.149 billion yuan, an increase of 13.49% over the same period of last year; net profit was 5.079 billion yuan, a decrease of 36.91% over the same period of last year. According to the statistics released by the China Iron and Steel Association, the domestic key steel enterprises in the first half of the year only realized a profit of 56.4 billion yuan, which is equivalent to the 1 / 5 output of the entire industry, Baosteel shares contributed nearly 1/10 of the profits. However, investors seem to be quite vocal about Baosteel's performance transcripts for the first half of the year. "The same market environment, why Baosteel's profitability in the first half of the year fell so badly, the company's semi-annual report on the performance of the performance is a bit unrealistic." An investor asked questions. In this regard, Ma Guoqiang, general manager of Baosteel Co., Ltd. said that in the first half of the year, domestic steel production capacity was fully released, and crude steel production hit record highs. Under this circumstance, the prices of raw materials such as ore and coal continued to rise and maintained high operation. Great cost pressure. In addition, although the domestic steel market price showed a staged increase in the first quarter, but in the second quarter, the domestic industrial climate continued to decline, and the sales growth rate of major downstream steel industries such as automobiles and home appliances continued to decline, directly affecting the upstream. The demand for sheet products; while the long products benefit from the construction support of the affordable housing and high-speed railway, the overall price trend is better than the sheet products. Overall, the efficiency of the steel industry in the first half of the year is still at a low level, but the profitability of steel companies with long products is better than that of steel-based companies such as Baosteel. It is said that the performance decline does not predict compliance with the regulations. At the same time as the dissatisfaction with Baosteel's performance, some investors further questioned: "The company's performance has dropped so much, why not predict it? It can be seen that the company is too irresponsible to investors." In response, it was said that according to the rules of the exchange, performance warnings must be made when the year-on-year change in performance exceeds 50%. And an important reason for the company's profit loss of 37% year-on-year is the high base effect. In the first half of last year, due to the spurt demand growth of downstream industries, the performance was at a historical high. In the first half of this year, Baosteel's major downstream industries such as automobile and machinery manufacturing increased. The sharp slowdown, resulting in a year-on-year decline in profits, was caused by high costs and suppressed prices. Ma Guoqiang also stressed that before 2013, imported iron ore will maintain a high price trend. Although it is known to do so, in the short term, China cannot fundamentally change the problem of high dependence on iron ore. According to customs statistics, the average landed price of imported iron ore in the first half of the year was 160.89 US dollars per ton, a record high, up by 47.92 US dollars per ton over the same period last year, an increase of 42.41%. According to the average exchange rate of RMB against the US dollar in the first half of the year, the cost of the steel industry was increased by 104.11 billion yuan. When talking about how to deal with imported ore with high temperature and high temperature, Baosteel said that it is the company's consistent strategy to increase control over upstream resources. In addition to the agreement with suppliers, Baosteel also considers resource investment, but whether it can be realized. It also depends on the right time. Baosteel is not optimistic about the operating conditions in the second half of the year. Chen Wei, deputy general manager and secretary of Baosteel, pointed out that from the external environment, the stability and recovery process of the world economy in the second half of the year is still uncertain. After experiencing rapid growth in the past few years, the growth rate of domestic auto, home appliance, machinery and other industries will slow down. In the third quarter, the price of steel in the domestic market is hard to pick up. The price of imported iron ore is still at a high level during the same period. The company will continue to face greater cost and profit pressure.  

High Power Headlamp

Equipped with ergonomically designed elastic headband
Made in USA or Imported
[HIGH PERFORMANCE - ULTRA BRIGHT]-- Led Headlamp flashlight using CREE XMLT6 LED bulbs, CREE chips provide bright vision for you. Up to 12000 lumens to give you the brightest illumination, durable, long lasting, life time 100,000 hours.
[RECHARGEABLE & LONG LASTING]-- CREE LED headlamp powered by 2*rechargeable 18650 Lithium Ion batteries and charges via usb charging cable, after being fully charged, it can continuously last 4-5 hours, convenient and environmentally friendly.
[COMFORTABLE AND ADJUSTABLE ]-- Headlamp with its 120° tiltable angle so that you can adjust the brightness zone as you want. It is equipped with breathable elastic band and for easy adjustment, not sliding, which makes it comfortable for both adults and children.
[4 WORKING MODES]-- Lamps have 3 levels of white light brightness and strobe modes. Normal brightness mode-1 T6 LED light up, power saving mode-2 XPE LED lights up, bright mode-3 LED lights up, SOS strobe -3 LED lights blinks. Red warning light on the back of the headtorch plays a warning role.
[ALL-WEATHER READY]-- IPX4 water resistant, the air-tight rubber sealing protects the headlamp battery from dust and water. Headlamp comes in aluminum and up-to-date plastic materials and has high hardness and is not afraid of falling. Makes it applicable to more outdoor scenarios: running, camping, hiking and other outdoor activities or indoor work needs.

Zoomable Headlamp,Intelligent Led Headlamp,Light Sensing Headlamp,Outdoor Led Headlight

Ningbo Wason Lighting Technology Co.,Ltd , https://www.nbwasonled.com