Wu Jianchang, a consultant of China Steel Association, said at an industry seminar recently that the government listed high-quality special steel as a strategic emerging industry that needs to be cultivated and cultivated. Special steel is expected to usher in a new development period. He revealed that according to the government's assumption, by 2015, the new production value of the high-quality special steel industry will reach 8%, and the new output value in 2020 will reach 15%.
China's crude steel output this year is expected to reach 620 million tons
China's Ministry of Industry and Information Technology estimates that China's crude steel output will reach 620 million tons this year. Luo Bingsheng, executive vice president of China Iron and Steel Association, believes that during the "Twelfth Five-Year Plan" period, we must accelerate the structural adjustment of the whole industry and transform China into a steel power as soon as possible.
During the “Eleventh Five-Year Plan†period, China's crude steel output ranks first in the world every year, and its global share continues to increase, which strongly supports the rapid and healthy development of China's national economy. Statistics show that in 2009, China's crude steel output reached 568 million tons, accounting for 46.6% of global crude steel production, exceeding the sum of crude steel production in 20 countries after China.
From January to October this year, China's crude steel output has reached 525 million tons, an increase of 10.7%; the Ministry of Industry and Information Technology estimates that in 2010, China's crude steel output will reach 620 million tons. During the “Eleventh Five-Year Plan†period, the annual growth rate of crude steel output will reach about 12%.
In 2005, China's top ten steel companies accounted for 35.4% of the country's crude steel output, and increased to 43.5% in 2009, an average annual increase of 1.6 percentage points. In 2010, with the restructuring of Angang Steel Pangang, Benxi Steel's merger with Beitai, Shougang's restructuring of Tonghua Iron and Steel, and Tianjin Bohai Iron and Steel Group, the industrial concentration will be further improved.
At present, China's steel production capacity is more than 700 million tons, and the excess capacity is about 100 million tons. There are hundreds of large and small steel mills in the country, and most of the small and medium steel mills are relatively backward in technology. The huge production capacity and scattered industrial structure make it difficult for Chinese steel companies to grasp the pricing power of imported iron ore.
Luo Bingsheng believes that during the "Twelfth Five-Year Plan" period, it is necessary to vigorously adjust the industrial structure, promote mergers and acquisitions of iron and steel enterprises, increase industrial concentration, accelerate the pace of industrial upgrading throughout the industry, and transform China into a steel power as soon as possible. (Xinhua)
Relaxation of emission reductions led to a rebound in crude steel production in November
The China Steel Industry Association announced on December 9 that the domestic steel output has further rebounded in the second half of November. The crude steel output of key large and medium-sized enterprises in the same period was 13.67 million tons, and the national estimate was 16.428 million tons. The daily output was 1.36 million tons and 1.643 million tons, an increase of 30,000 tons and 44,000 tons in the middle of the month, an increase of 2.24% and 2.74% respectively.
The ten-day report also showed that the daily crude steel output in November was 1.622 million tons, which was 38,000 tons more than the same diameter in October, an increase of 2.4%.
In this regard, United Metals Network analyst Hu Yanping told the "First Financial Daily" that crude steel production continued to rebound slightly from the previous month is not unexpected, on the one hand, because with the implementation of energy-saving emission reduction, some provinces and cities have better completion of emission reduction targets. For example, Hebei was the first-level early warning in the early third quarter, and turned to the third-level warning in October. Jiangsu and Henan changed from the second-level warning in September to the third-level warning, and the situation improved. On the other hand, the Ministry of Industry and Information Technology and other departments clearly It is not advisable to use the one-cutting method to limit the power-off mode.
She believes that the overall steel market has strengthened again since November, especially the strong increase in some varieties such as thread and wire has also stimulated the enthusiasm of steel mills. Throughout November, most steel mills in the Wu'an area of ​​Hebei Province have returned to normal levels. (一财网)
Galaxy Securities: Steel stock valuation attractive
Galaxy Securities recently released a research report saying that from the perspective of the valuation of listed companies in the steel industry, the dynamic PE is 27.3 times and the PB is 1.84 times. The stock price continues to fall as the market adjusts, the market valuation declines, and the steel stocks are attractive. Therefore, Galaxy Securities maintains the overall “cautious recommendation†rating for the steel industry.
Galaxy Securities believes that high costs and overcapacity remain the current major problems in the steel industry. High costs have led to a decline in the profitability of steel companies, while overcapacity has suppressed the market price of steel, which has led to the continued low profitability of steel companies. They are the two main factors that have led to a low valuation of steel listed companies.
China's crude steel output this year is expected to reach 620 million tons
China's Ministry of Industry and Information Technology estimates that China's crude steel output will reach 620 million tons this year. Luo Bingsheng, executive vice president of China Iron and Steel Association, believes that during the "Twelfth Five-Year Plan" period, we must accelerate the structural adjustment of the whole industry and transform China into a steel power as soon as possible.
During the “Eleventh Five-Year Plan†period, China's crude steel output ranks first in the world every year, and its global share continues to increase, which strongly supports the rapid and healthy development of China's national economy. Statistics show that in 2009, China's crude steel output reached 568 million tons, accounting for 46.6% of global crude steel production, exceeding the sum of crude steel production in 20 countries after China.
From January to October this year, China's crude steel output has reached 525 million tons, an increase of 10.7%; the Ministry of Industry and Information Technology estimates that in 2010, China's crude steel output will reach 620 million tons. During the “Eleventh Five-Year Plan†period, the annual growth rate of crude steel output will reach about 12%.
In 2005, China's top ten steel companies accounted for 35.4% of the country's crude steel output, and increased to 43.5% in 2009, an average annual increase of 1.6 percentage points. In 2010, with the restructuring of Angang Steel Pangang, Benxi Steel's merger with Beitai, Shougang's restructuring of Tonghua Iron and Steel, and Tianjin Bohai Iron and Steel Group, the industrial concentration will be further improved.
At present, China's steel production capacity is more than 700 million tons, and the excess capacity is about 100 million tons. There are hundreds of large and small steel mills in the country, and most of the small and medium steel mills are relatively backward in technology. The huge production capacity and scattered industrial structure make it difficult for Chinese steel companies to grasp the pricing power of imported iron ore.
Luo Bingsheng believes that during the "Twelfth Five-Year Plan" period, it is necessary to vigorously adjust the industrial structure, promote mergers and acquisitions of iron and steel enterprises, increase industrial concentration, accelerate the pace of industrial upgrading throughout the industry, and transform China into a steel power as soon as possible. (Xinhua)
Relaxation of emission reductions led to a rebound in crude steel production in November
The China Steel Industry Association announced on December 9 that the domestic steel output has further rebounded in the second half of November. The crude steel output of key large and medium-sized enterprises in the same period was 13.67 million tons, and the national estimate was 16.428 million tons. The daily output was 1.36 million tons and 1.643 million tons, an increase of 30,000 tons and 44,000 tons in the middle of the month, an increase of 2.24% and 2.74% respectively.
The ten-day report also showed that the daily crude steel output in November was 1.622 million tons, which was 38,000 tons more than the same diameter in October, an increase of 2.4%.
In this regard, United Metals Network analyst Hu Yanping told the "First Financial Daily" that crude steel production continued to rebound slightly from the previous month is not unexpected, on the one hand, because with the implementation of energy-saving emission reduction, some provinces and cities have better completion of emission reduction targets. For example, Hebei was the first-level early warning in the early third quarter, and turned to the third-level warning in October. Jiangsu and Henan changed from the second-level warning in September to the third-level warning, and the situation improved. On the other hand, the Ministry of Industry and Information Technology and other departments clearly It is not advisable to use the one-cutting method to limit the power-off mode.
She believes that the overall steel market has strengthened again since November, especially the strong increase in some varieties such as thread and wire has also stimulated the enthusiasm of steel mills. Throughout November, most steel mills in the Wu'an area of ​​Hebei Province have returned to normal levels. (一财网)
Galaxy Securities: Steel stock valuation attractive
Galaxy Securities recently released a research report saying that from the perspective of the valuation of listed companies in the steel industry, the dynamic PE is 27.3 times and the PB is 1.84 times. The stock price continues to fall as the market adjusts, the market valuation declines, and the steel stocks are attractive. Therefore, Galaxy Securities maintains the overall “cautious recommendation†rating for the steel industry.
Galaxy Securities believes that high costs and overcapacity remain the current major problems in the steel industry. High costs have led to a decline in the profitability of steel companies, while overcapacity has suppressed the market price of steel, which has led to the continued low profitability of steel companies. They are the two main factors that have led to a low valuation of steel listed companies.
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