久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

News >Bizchina

Steel industry may sell inventories for a steal

2010-07-16 11:28

Steel industry may sell inventories for a steal

Employees ride bicycles inside the Baoshan Iron & Steel Co Ltd plant in Shanghai.[Agencies]


SHANGHAI - To sell, or not to sell? This is the question at hand for Yao Xinhong sitting on more than 4,700 tons of steel inventory.

Yao, a marketing manager with Henan Zhongtian Iron & Steel Co Ltd, a steel provider for companies involved in infrastructure construction, wind power and shipbuilding, was caught in a dilemma recently as steel prices kept sliding over the past three months.

"It's a hard decision since the more steel we sell, the more money we will lose; however, if we don't sell it, the stock will be a pile of rust," he said.

According to Yao, he will lose over 100 yuan ($14.76) on every single ton of steel he sells.

So far, domestic steel prices have dropped for 12 weeks in a row, with some categories losing 1,000 yuan per ton, said Su Lifeng, an analyst with Guoyuan Securities.

Average steel prices fell more than 400 yuan per ton to 4,597 yuan per ton by the end of June from this year's peak in April, according to figures from the National Development and Reform Commission (NDRC).

"Things changed so fast. The market was full of optimistic sentiment before the second quarter. Steel price soared more than 1,000 yuan per ton from February to April, and our net profit in the first five months this year soared 17.6 percent compared with the first five months in 2009," said Yao.

"The government stimulus package ignited the growth of steel downstream industries such as real estate, automotive and home appliances. That's the main reason the steel market performed well in the first quarter this year and also in 2009," said Su.

For example, as a beneficiary of the central government's economic stimulus policy, Henan Zhongtian sold 560,000 ton of steels in 2009, up 17 percent year-on-year.

However, steel prices started to drop in April due to an output surplus during the peak season and the failed iron ore price negotiations between China and the three iron ore giants including Vale, Rio Tinto, and BHP Billiton.

"The bumpy iron ore talks threw a wet blanket on the buoyant market sentiment, and the expected iron ore price rise will further erode steelmakers' profits," said Su.

There are still two outstanding "straws" poised to break steelmakers' backs: one is the central government's resolve to rein in the overheated housing market, which naturally leads to less steel demand, and two, starting July 15, up to 48 steel products will no longer enjoy export tax rebates.

"Many clients choose to wait and see because they don't know where the market will go, and some of them just demand deeper discounts," said Yao.

Henan Zhongtian company still has 17,000 tons of steel in stock, and these products will generate between three and five million yuan in losses at current market prices.

Yao's awkward situation is merely a mirror of what is happening across the domestic steel industry. By the end of May, steel inventories in 26 major steel markets across China reached 15.78 million tons, up 2.3 percent from April, according to China Iron and Steel Association.

Related News:

久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    aaa欧美色吧激情视频| 欧美日韩精品系列| 亚洲色图清纯唯美| 日本精品免费观看高清观看| 亚洲综合色自拍一区| 欧美日韩高清在线| 久久99国产乱子伦精品免费| 久久人人97超碰com| 成人a免费在线看| 亚洲国产一区二区在线播放| 日韩一区二区麻豆国产| 国产精品一区二区三区乱码| 亚洲视频一区在线观看| 在线播放欧美女士性生活| 美女任你摸久久| 国产精品久久毛片av大全日韩| 色综合久久六月婷婷中文字幕| 午夜激情久久久| 久久久精品tv| 欧洲日韩一区二区三区| 久久不见久久见免费视频7| 中文一区一区三区高中清不卡| 欧洲精品中文字幕| 黄网站免费久久| 亚洲色大成网站www久久九九| 欧美丰满美乳xxx高潮www| 国产福利一区二区三区视频| 亚洲黄色性网站| 亚洲精品一区二区三区精华液| 97久久超碰国产精品电影| 人人狠狠综合久久亚洲| 国产精品久久夜| 91精品国产综合久久福利| 成人一区二区三区视频在线观看| 亚洲a一区二区| 中文子幕无线码一区tr| 91精品国产麻豆国产自产在线 | 久久久国产精品午夜一区ai换脸| 91欧美激情一区二区三区成人| 日本美女视频一区二区| 最新欧美精品一区二区三区| 日韩亚洲欧美一区| 91片在线免费观看| 激情综合色丁香一区二区| 亚洲精品videosex极品| 久久九九久精品国产免费直播| 欧美在线制服丝袜| 国产a精品视频| 日韩电影在线观看电影| 中文字幕中文字幕一区| 欧美成人一级视频| 欧美色欧美亚洲另类二区| 国产河南妇女毛片精品久久久| 香港成人在线视频| 亚洲视频一区在线| 国产性色一区二区| 日韩午夜激情视频| 91高清视频在线| 成人午夜免费视频| 麻豆精品新av中文字幕| 亚洲午夜在线电影| 日韩一区欧美一区| 国产婷婷色一区二区三区 | 国产精品久久二区二区| 欧美成人猛片aaaaaaa| 欧美日韩在线三级| 色综合视频在线观看| 国产成人综合在线观看| 老司机免费视频一区二区三区| 亚洲一区电影777| 日韩毛片视频在线看| 国产午夜亚洲精品不卡| 日韩欧美一级二级三级久久久| 欧美亚洲国产怡红院影院| www.视频一区| 成人少妇影院yyyy| 国产精品亚洲а∨天堂免在线| 久久激情五月激情| 日本午夜一本久久久综合| 亚洲成人av一区| 亚洲宅男天堂在线观看无病毒| 一区在线中文字幕| 国产精品久久网站| 国产精品情趣视频| 欧美激情综合在线| 国产欧美日韩精品a在线观看| 精品福利av导航| 欧美不卡123| 日韩美女一区二区三区| 欧美一级免费大片| 欧美一区二区久久久| 56国语精品自产拍在线观看| 欧美日韩国产色站一区二区三区| 在线免费观看一区| 欧美性大战久久| 欧美色手机在线观看| 欧美性高清videossexo| 精品视频一区 二区 三区| 欧美三级三级三级爽爽爽| 欧美日韩综合在线免费观看| 欧美日韩另类国产亚洲欧美一级| 欧洲一区二区三区免费视频| 欧美在线短视频| 欧美日韩在线亚洲一区蜜芽| 欧美日韩国产精品成人| 欧美日韩另类国产亚洲欧美一级| 欧美老年两性高潮| 欧美一级日韩不卡播放免费| 欧美电视剧在线看免费| 亚洲精品在线三区| 国产午夜精品一区二区| 中文字幕av一区二区三区免费看| 国产精品萝li| 亚洲精品国产成人久久av盗摄| 一区二区视频在线看| 亚洲一二三区视频在线观看| 婷婷中文字幕综合| 美女www一区二区| 国产麻豆精品久久一二三| 成人一道本在线| 一本到三区不卡视频| 欧美日韩国产一二三| 日韩欧美专区在线| 久久久久久久久久久电影| 国产精品免费网站在线观看| 亚洲男人电影天堂| 三级一区在线视频先锋| 久99久精品视频免费观看| 丁香亚洲综合激情啪啪综合| 91视频免费观看| 欧美日韩高清影院| 精品免费一区二区三区| 中文字幕成人av| 一区二区三区日韩精品视频| 日欧美一区二区| 国产永久精品大片wwwapp | 欧美视频在线播放| 日韩欧美国产综合| 中文字幕高清一区| 亚洲国产精品欧美一二99| 久久99精品一区二区三区三区| 盗摄精品av一区二区三区| 在线视频国内自拍亚洲视频| 日韩精品一区二区三区蜜臀| 欧美极品少妇xxxxⅹ高跟鞋 | 欧美经典一区二区| 一区二区三区日韩精品| 裸体歌舞表演一区二区| 成人福利视频在线| 欧美精选一区二区| 日本一区二区三区dvd视频在线| 一区二区三区日本| 国内精品国产三级国产a久久| 99久久久久免费精品国产 | 亚洲成人一区在线| 黑人精品欧美一区二区蜜桃| 91美女片黄在线观看91美女| 欧美一区二区三区精品| 中文字幕在线一区免费| 日韩精品成人一区二区三区| 国产成人精品免费网站| 欧美日韩一区高清| 欧美激情一区二区在线| 亚洲18女电影在线观看| 成人午夜在线免费| 欧美一区午夜视频在线观看| 国产精品污网站| 欧美a一区二区| 99久久久国产精品免费蜜臀| 日韩欧美成人激情| 亚洲靠逼com| 国产精品888| 在线播放一区二区三区| 1024成人网色www| 韩国av一区二区三区| 欧美在线观看视频在线| 国产欧美日韩在线| 毛片一区二区三区| 在线视频欧美精品| 中文字幕的久久| 久久精品国产一区二区三| 欧洲精品视频在线观看| 国产精品久久久久久久久久免费看| 免费xxxx性欧美18vr| 欧洲视频一区二区| 国产精品久久久久久久久果冻传媒| 免费高清在线一区| 欧美在线你懂的| 成人欧美一区二区三区在线播放| 老汉av免费一区二区三区| 欧美色中文字幕| 亚洲特级片在线| 国产91精品入口| 精品久久久久久久久久久久久久久久久 | 欧美日韩国产综合一区二区三区 | 国产九色sp调教91| 欧美疯狂做受xxxx富婆| 亚洲综合视频在线观看| 99久久精品免费看国产免费软件| 久久免费看少妇高潮|