Private stainless steel enterprises profit margins rose to 5% during early four months

"The 90 private steel enterprises from Jan to April statistics, the enterprises achieved profits of 20 billion 300 million yuan, an increase of 103%, sales profit rate rose to 5%, is the first time since 2011 and rise again 5%. In 2013, industry sales profit rate of only 0.62%. Insiders said," in the production capacity context , steel overcapacity is effectively alleviated, the private steel enterprises sales profits to rise sharply,  step in the direction of rationalization.

Data show that in 2016 China's crude steel production of 8.08 tons, an increase of 1.2%. Among them，the private steel enterprises steel production 4.73 hundred million tons, an increase of 2.9%, accounting for the national steel output rose to 58.5%, a record high in.2017 from Jan to April, the national crude steel production of 2.73 tons, an increase of 4.63%. Jan to April, 90 private steel enterprises to achieve profit of 20 billion 300 million yuan, 9 billion 770 million yuan year-on-year growth of 103% over the same period last year, sales profit rate is as high as 5%.

 The supply and demand of steel is gradually becoming reasonable, the steel industry profits are gradually to the rationalization direction, the main reason is that the country has been working hard to reduce production and combat “Poor steel”,  "small private steel enterprises crude steel production of the first negative growth, is also the source of this."

Keyword: stainless steel production, stainless steel enterprise