it is hard to turn over the stainless steel market tough trend

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High raw material prices as well as stainless steel coil prices weak always is in recent years our country iron and steel enterprise lingering pain. The third quarter of last year began at the end of a round of steel price slump is the already struggling in iron and steel enterprise to the" doomed eternally" abyss. During this period, the Shanghai futures exchange the rebar futures prices briefly from the last 9 month nearly 5000 yuan / ton to 4000 yuan / ton the following, subsequently has maintained the low position shake trend.
Although in December last year our country is large and medium-sized iron and steel enterprises profit margins were significantly increased, but the overall profit for the year, the domestic large and medium-sized steel enterprises sales profit rate is low -- 2.5%. China Steel Industry Association's newest statistic data shows, the last month of countrywide key large and medium-sized iron and steel enterprises realized profits of more than 3000000000 Yuan, annual profit total more than 87500000000 yuan, but sale profit rate is still only 2.4%, even less than the 2010 level of 2.91%. Investigate its reason, the fourth quarter of last year the domestic steel market a market crash is the arch-criminal"".
In the Japanese invasion of the Dragon auspicious atmosphere, although the first quarter of this year the domestic steel market as usual" open doors", but" price-city" characteristic is obvious, is expected in the near future the steel city, we may expect a rebound in prices, but is difficult to reverse the momentum.
Line of steel enterprises" to lose"
High raw material prices as well as steel prices weak always is in recent years our country iron and steel enterprise lingering pain. The third quarter of last year began at the end of a round of steel price slump is the already struggling in iron and steel enterprise to the" doomed eternally" abyss. During this period, the Shanghai futures exchange the rebar futures prices briefly from the last 9 month nearly 5000 yuan / ton to 4000 yuan / ton the following, subsequently has maintained the low position shake trend.
By the downturn in the steel city, the domestic iron and steel enterprises generally mired in losses. China Steel Association, the newest statistic data shows, 2011 December national key is large and medium-sized iron and steel enterprises a total profit of 3022000000 yuan, more than 1222000000 yuan in November increased significantly; last year a total profit achieves 87530000000 yuan, drops 4.51% compared to the same period