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Three Of The Reasons For The Large Growth In The Performance Of Steel Companies

Apr 18, 2018

Three of the reasons for the large growth in the performance of steel companies

 

At the China Steel Association's meeting on January 13, Vice President Min Wei stated that the de-capacity work continued to advance in the past two years, which effectively alleviated the contradiction in the domestic steel industry's severe overcapacity, and the capacity utilization rate of compliance enterprises basically recovered to a reasonable range. api  lsaw  steel  pipe  Seamless Steel Pipe for Oil Casing Tube Since the introduction of the steel production capacity reduction policy in 2016, the domestic steel industry has reduced its steel production capacity by 115 million tons and removed approximately 140 million tons of “ground steel” production capacity.Hot Selling Machine Grade thick wall pipe lsaw steel

 

After the supply side of the steel market contracted, steel prices continued to rise. a 53 sch 60/api 5lx60/x70//black pipe/lsaw / carbon steel pipe/tube .According to data released by the China Iron and Steel Association, at the end of December last year, China's steel price index climbed to 121.8 points, an increase of 22.4% compared to the same period in 2016.black lsaw hot dipped 60mm diameter galvanized steel pipe

 

 

The vice president of China Iron and Steel Association Min Wei mentioned that in the first 11 months of last year, the cumulative sales income of the member companies of the association was 3.35 trillion yuan, an increase of 35% year-on-year; the total profit was 157.8 billion yuan, an increase of 1233.2 billion yuan over the same period of the previous year. Long-term loss-making companies also achieved profitability.ssaw lsaw steel pipe ! lsaw pipe spiral tube/spiral welded pipe/spiral welded steel pipe .Angang Group recently disclosed to the outside that this large-scale central enterprise realized a profit of 1.5 billion yuan last year and ended the loss for five consecutive years.Hot Sale API 5L SCH40 Steel Pipe 6 Inch Steel LSAWSteel Pipe Oil And Gas

 

 

From the perspective of listed companies, iron and steel companies are striving to reduce costs and increase efficiency, reduce costs through implementation of various measures, strengthen independent research and innovation, optimize internal management processes, and achieve good results, creating favorable conditions for improving profitability. Liu Gang Steel Co., Ltd. stated in the announcement that the company has achieved good results by reducing costs and increasing efficiency through the implementation of low-cost strategies, and has created favorable conditions for improving profitability. Longitudinal Lsaw Pipe Api5l X60 Psl2 .Bao steel Co., Ltd. also stated in the announcement that in 2017, the company's space for purchase and sales spreads increased year-on-year; Zhan jiang Steel achieved rapid compliance with the standard, and its cost-competitive advantage emerged, exceeding all expected profits. After the joint reorganization of Bao wu, the synergies and benefits are more rapid.Hot Sale special shaped hollow section ERW LSAW black iron pipe

 

 

Under the joint action of internal and external factors, the iron and steel enterprises' performance in 2017 has been significantly improved. hot rolling carbon steel pipe erw lsaw welded black round steel pipe


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South of Qiantong Road,Cangzhou City,Hebei,China

86-317-8517170

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