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Steel Industry Brief News
【Time:2016-07-29 11:32】 【Traffic:
Steel market in August despite in the traditional off-season, but because of the real estate, infrastructure and other support steel demand, as well as the impact of post-disaster reconstruction, it is possible not short off-season, while under the influence of environmental factors and other disturbances, the supply is big highs probability event, the balance between supply and demand is still expected to maintain a good level. Steel prices are expected to remain stronger shocks running posture.
  
◎ According to CISA statistics, in June 2016 ,99 medium-sized steel enterprises realized sales income of 243.342 billion yuan, total profit of 4.094 billion yuan loss-making enterprises 25, a loss of 25.3%, a loss of loss-making enterprises amounted to 1.25 billion yuan. 1--6 month total sales revenue of 1.291925 trillion yuan, down 11.9%; total profit of 12.587 billion yuan, an increase of 427.25 percent; loss-making enterprises 26, a loss of 26.3%, enterprises suffered losses totaling 13.69 billion yuan year on year reduced losses 22.8%.
◎ July 22, the South African steel products safeguard measures on imports of hot-rolled steel and so made the preliminary ruling.
◎ Anyang Iron and Steel Group to face the ups and downs of the market situation, the sales income of 19.5 billion yuan in the first half, profit 81.26 million yuan.
◎ July 27 evening, River Steel shares announcement said, successfully issued by the Huatai Securities as lead underwriter and financial reach of small companies raised three billion yuan of corporate bonds, the coupon rate of 3.8%, the highest since this year's low of excess capacity in the industry.
 
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