Hebei Steel Industry Contingency In Mind? Industry Reshuffle Companies Seeking C
Just the past 10 months, a sign of China’s steel industry, meaning a turning point??? The first time in nearly 10 years, the monthly loss of the entire industry. Even Baosteel, have had to accept third-quarter net profit, decreased Nearly half of the facts.
Signs that: China’s steel industry has entered a new round of industrial restructuring in the shuffle, extensive model has come to an end.
As the country’s first major steel-producing provinces, the impact on steel industry in our province becomes more apparent. Key enterprises in the province in September was only 220 million yuan total profit, down 88%. Are in the development of low, iron and steel enterprises in our province with unprecedented pressure to bear.
Opportunities and challenges are often hand in hand. The face of market impact, iron and steel enterprises in our province rose to the challenge, accelerate industrial upgrading, in the adjustment to form a new competitive advantage.
1, speed up the adaptation and improve enterprise management level, the reputation of “winter” Battle
And other steel companies, like the first 7 months of this year, Hebei Iron and Steel Group Tangshan Iron and Steel The company is still better than the day. Which only the first half, net profit of Tangshan Iron and Steel Company on the 1.913 billion yuan, up 48.43 percent.
But who would not think, with the shrinking downstream demand, after mid-July, a crackdown. Just 3 months time, most of the varieties of steel down a cumulative total of 2000-3000 yuan / ton, down 30% -40%. Today, most steel companies who face the loss of production who, produce 1 ton to 1 ton of compensation dilemma.
The statistics further show that: in September, the national total steel production last year fell by 9.1%, the highest single month in recent years, the lowest in the country. Situation facing our province is even more severe. “Price collapse”, “business loss”, “production of negative growth” has become a province of some enterprises have to face reality.
Into October, “cold” even more “very hot.” U.S. financial crisis on the global impact of the increase, and further affected the operation of the real economy, leading to shrinking steel industry. Challenges severity of the situation increasingly difficult. The face of difficulties, iron and steel enterprises in our province do not passively stand by and wait to die, but the difficulties, without gunpowder fired a “winter” war of defense. Depressed market for construction materials
Beijing and Tianjin, the price collapse of the status quo, Hebei Iron and Steel Group full advantage of integration, coordination of all subsidiaries to reduce production and supply of varieties of common building materials to stabilize market prices. Chairman Yi-Fang Wang, at present, the measures have yielded good results, Beijing, Taiyuan and other building materials market in North China has been a price rise slightly warmer signs.
“Just two months, we will fund the procurement of domestic Ingredients compressed by the 2.9 billion yuan to 14 billion; spare parts and accessories procurement of funds from 120 million yuan compressed to 40 million yuan.” Tangshan Iron and Steel Company General Manager Yong said. To protect the normal operation of business capital chain, the company’s size up the situation, highlight the strengthening financial management, freezing non-productive expenditure of funds, strengthening financial control in advance, reducing the purchasing capital expenditure, reduce inventory.
Steel company in the declaration, Chairman Zhang introduced to reduce costs, tapping the potential synergies, the company set up 11 research groups tapping the potential synergies, integration of company-wide resources, organizational systems research, while identifying Q4 months Potential drop all plans for this 282 million yuan.
Important as our base of fine board, give full play to advantages of Handan Iron and Steel Company, developing new products and optimize new products, contracts, and expand high-margin products of the contract. General Manager Li Guiyang Description: “As of early November, Handan Iron and Steel Company has signed a contract of 4,957 tons of new product development, to protect the enterprise’s profit level.”
Tapping the potential synergies, to market ability to reduce inventory … … iron and steel enterprises in our province have to look inward, strengthening management, to speed up production and operation of the adaptive adjustments to get through winter, ready to usher in the spring doing.
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