The three major steel enterprises raised their prices together in September, and the steel prices rose in shock. Introduction: in the second half of August, there will be an intensive period for large steel enterprises to publish their first half performance. The announcement of large-scale performance increase has filled people with expectations for these semi annual reports. But at the same time, Du Hui, a senior analyst of Qilu Securities in the steel industry, said that securities companies basically lowered their investment in steel in the second half of the year
the second half of August will usher in an intensive period for large iron and steel enterprises to announce their performance in the first half of the year, and the already announced performance increase forecast makes people full of longing for these semi annual reports
but at the same time, Du Hui, a senior analyst of Qilu Securities' steel industry, said that securities companies basically lowered their ratings on steel stocks in the second half of the year
Baosteel's mild price adjustment is conducive to curbing speculation.
according to the latest monitoring of the spot trading platform "Xiben Shinkansen", as of August 13, the quotation of high-quality grade 3 deformed steel bars in Shanghai has been adjusted to about 4030 yuan/ton, an increase of 70 yuan/ton compared with last Friday. The mold temperature is the main factor to control the cold setting of products. After a lapse of nearly three months, the Shanghai steel price terminal once again hit the 4000 yuan/ton mark, with a rebound rate of nearly 10% in half a month
on August 16, Baosteel, WISCO and Angang, the three major domestic iron and steel giants known as "wind speed up the optimization and upgrading of traditional industries", adjusted the prices of iron and steel products in September. Among them, Baosteel, the leading iron and steel company, directly or indirectly increased by 150 yuan/ton to 800 yuan/ton; Since August 17, Wuhan Iron and Steel Co., Ltd. has increased its iron and steel products by 200 yuan/ton to 800 yuan/ton; However, Angang Steel has the largest price adjustment, with an increase of 350 yuan/ton to 1000 yuan/ton
zhuxi'an, manager of my iron and steel information department, said that Baosteel's price adjustment represents their view on the current market, "it shows that Baosteel has maintained a more cautious attitude towards the future market of steel. The steel market is not as good as expected. They have reservations about the later period in terms of price adjustment cycle and varieties, which is also conducive to restraining the market from using big steel mills to adjust prices for speculation."
the industry believes that the rebound in steel prices in the first two weeks was mainly driven by traders' bottom hunting, but some leading steel mills last week have become the main force to continue to push up prices
houzhiyun from Lange Iron and Steel Information Research Center said that as the iron ore price fell sharply in late April this year, the steel price also fell, and some iron and steel enterprises had the phenomenon that the cost was inversely linked to the market price. At the beginning of July, Tangshan 150 square billet once fell to 3370 yuan, which has fallen below the bottom line of 3450 yuan expected by steel traders in the full value supply chain, stressed by Mr. zobel, head of HPM department. As a result, traders and downstream manufacturers began to enter the market to replenish their inventory. This rebound started. The reason for the rebound is that the bottom reading funds caused by factors such as production reduction and touching the cost line of steel mills entered the market. "This rise essentially belongs to oversold rebound, with some speculative factors included." Houzhiyun said to
the performance soared because of the low base of last year.
on August 18, Angang Steel Co., Ltd., which ranks second in the total market value of the domestic steel industry, will soon publish its semi annual report. The performance express shows that the net profit in the first half of the year is expected to be 2.22 billion ~ 3 billion yuan, an increase of 242% ~ 292% year-on-year. Based on the stock price of 8.6 yuan on August 16, the highest P/E ratio is only 14 times, while the lowest is only 10.4 times. As of last Friday (August 13), the average p/E ratio of Shanghai A shares was 19.62 times. In other words, compared with the market, Anshan Iron and steel has a great valuation advantageOn August 27, Hebei Iron and Steel Co., Ltd., whose total output has leapt to the top in China, will release its semi annual report. The performance express shows that the net profit in the first half of the year is expected to be RMB 550-800 million, with a year-on-year increase of 475% ~ 737% On August 28, Baosteel, which has the highest total market value in the domestic steel industry, will disclose its semi annual report. The forecast shows that the net profit in the first half of the year increased by 6 to 10 times...
other semi annual reports of iron and steel enterprises to be released soon. The performance of Benxi Iron and steel plate disclosed on August 24 also increased significantly, and the net profit was about 650million to 750million yuan; TISCO stainless steel disclosed on August 27, with an estimated net profit of 800million to 1.1 billion yuan....
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