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  3. 主頁 > English > News Center >
    News Center
    Iron and steel industry to enjoy reform dividends Shandong s
    From the supply side structural reform, A shares of listed steel enterprises will continue to produce quite brisk performance report card. Last night, Shandong iron and steel announced a half year report that the company achieved 31 billion 560 million yuan in the first half of this year, up 41.32% from the same year, and the net profit belonging to the shareholders of the listed company was 596 million yuan, which increased by 2023.13% over the same period.

    For the performance of a sharp rise, Shandong iron and Steel said that since this year, the country to promote the supply side effect of certain structural reforms. The iron and steel production capacity work, especially the effective implementation of the policy measures such as "ground bar steel" before the end of June, has created a better external environment for the iron and steel industry, and the whole industry has maintained continuous profit. Company to seize market opportunities, innovative institutional mechanisms, to expand the market, lowering the efficiency of the system, and achieved good operating results.

    Not only the Shandong iron and steel, A shares first semi annual disclosure of listed steel enterprises lingganggufen equally gratifying earnings growth. According to the data, the net profit belonging to the parent company was 405 million yuan in the first half of this year, compared with the same period of last year, with a year-on-year growth rate of 608.08%.

    According to the statistics, in addition to the published steel companies in the listed steel enterprises, there are 24 steel enterprises to disclose the performance forecast of China newspaper, of which 22 are clearly profitable, at least 7 net profit increases by more than 100%. At present the biggest yejiyuzeng Shougang shares, the company expects first half net profit of 900 million yuan to 950 million yuan, an increase of 5371.12% to 5675.08%. As to the reasons for the reported earnings growth, the company also gives Shandong iron and similar expressions.

    In this regard, Wang Guoqing, director of the Lange Iron and Steel Research Center, said that in general, the steel industry in 2017 showed the overall price volatility, the relatively weak cost and a significant change in the profits of the steel industry. In 2017 the average steel prices remained at around 3700 yuan / ton (2016 average 2875 yuan / ton), an increase of about 30%. In the second half, the supply and demand is expected to be further improved in the end of production capacity and supervision, and the domestic steel market in the second half of the year is expected to show a high shock situation.

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