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One Of The Reasons For The Large Increase In The Performance Of Steel Companies

Apr 18, 2018

One of the reasons for the large increase in the performance of steel companies

 

According to the announcement of listed companies, the major growth in the performance of steel companies is mainly due to two reasons:Building material Q195/Q235 erw welded pre galvanized square structure steel pipe/tube

 

 

From an industry perspective, the economic performance in 2017 was stable, and the downstream demand of the iron and steel industry was better than expected; the structural reform on the supply side continued to advance, and the steel strip was eliminated and the intermediate frequency furnace was eliminated. ASTM A53 erw welded round steel pipe welding Mild black pipe carbon steel pipe manufacturer for building .The structure of the steel supply end was effectively improved, and steel prices were improved. Steadily rising, the iron and steel business environment is clearly improving.building material/hollow tube/metal/ERW Q345 Q235B ERW black round steel welded pipe dn200

 

 

According to the data, the average price of 1mm cold-rolled ordinary sheet in 2017 was 4,423 yuan/ton, which was 29.2% higher than the average price of 3,423 yuan/ton in 2016.

 

Song shan Iron and Steel said that in 2017 the government increased supply-side reform efforts, and introduced countermeasures such as eliminating intermediate-frequency furnaces and remediation of "bars", which led to a substantial increase in the average price of steel sales, effective production capacity to give full play. In the announcement, Xin steel stated that since 2017, under the background of the country's continuous supply-side reforms and steel production capacity reduction policies, the steel market has obviously recovered, which has created a good environment for steel companies to improve their business performance.(whatsapp 008617717794837) Top quality carbon steel pipe , erw steel pipe

 

 

In addition, Baotou Iron & Steel Co., Ltd. expects net profit to increase by 1.915 billion yuan compared with the previous year, an increase of 2252% year-on-year; Han dan Song shan expects to achieve a net profit of approximately 2.5 billion yuan last year, an increase of 2365% over the previous year; An yang. Steel is expected to achieve a net profit of between RMB1.55 billion and RMB1.75 billion last year, an increase of 1158% to 1320% compared to the same period of last year; Liugang Group expects its net profit realized last year to increase by RMB2.25 billion compared with the same period of last year Yuan reached 2.57 billion yuan, an increase of 1148% to 1311%; Ba yi Iron & Steel expects to achieve a net profit of 1.163 billion yuan in 2017, an increase of about 1.126 billion yuan from the same period of last year (0.37 billion yuan), an increase of 3036 %about. 0.5inch -14inch stock carbon Q235b 345B ERWwelding round steel pipe black thread welded tube


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South of Qiantong Road,Cangzhou City,Hebei,China

86-317-8517170

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export@jundesteelpipe.com

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