A shares have been reported in advance, Steel Corp performance generally more substantial pre happy. 34 Shen Wan iron and steel industry companies, as of yesterday's close, 15 released mid day notice, in addition to the two ST companies expected to continue losses, Jinzhou pipeline slightly reduced, the rest of the pre hi.
In addition to the river steel company yejiyuzeng gratifying, also reported by more than 150% steel Minguang, Sha Steel shares, Jiuquan Hongxing and Baosteel expected by the lower than 50%. Lingganggufen, Hualing *ST losses were more than 600%, 195% more, the former is expected profit of about 400 million yuan, which is as high as 900 million to 1 billion yuan. TISCO stainless steel expected first half profit of 650 million yuan - 800 million yuan, an increase of 115.55%-165.29% over the same period last year. SGIS semi annual pre growth of 384.06%, a profit of about 650 million yuan. It is worth noting that, in July 7th of steel Minguang 2017 notice reporting the results of upward revisions, before the season of time is expected in the first half earnings growth is expected to grow 57.50%-107.50%, now 150.60%-200.50%, a profit of 903 million yuan to 1 billion 83 million yuan.
And not only from the river steel company, Shagang shares, lingganggufen etc. report by lower margins, which are relatively rare in the market to. *ST Valin the first half of 900 million to 1 billion yuan is expected to profit more will be listed to the best reported performance.
Reporters combed 15 companies notice found that supply side reform and steel prices, has become one of the main reasons for the substantial growth performance. For example, in the 7 steel Minguang performance forecast announcement explaining net profit than expected that in 2017, in the state of supply side reform, the elimination of intermediate frequency furnace and rectification to steel policy measures to vigorously promote, steel prices remain at the higher price range, and raw materials prices is relatively small.
Another example of Jiuquan Hongxing also said that during the reporting period, by the country to further promote the adjustment of policy influence the supply and demand of steel series, steel prices, enterprises gradually improved efficiency.
Researcher Fang Juntao yesterday told the public securities and financial information network reporter said that this year the steel industry boom significantly, historically relatively rare, most of the companies are expected to profit losses last year than expected, Growth Company will not rare. Moreover, in the first half of the steel prices increased profits, not only to benefit capacity and steel prices, the strong support of demand is also very critical.
At present, the price increase is the most intuitive factor to stimulate the market concerned about the performance improvement of iron and steel sector. At present, the steel prices are still high. On Tuesday, Baosteel raised carbon steel plates, and domestic futures prices rose by 100-300 yuan per ton in August. Wuhan Iron and steel also raised the price of various varieties of steel on August the same day, the price adjustment rate of 200-300 yuan per ton. Nanjing 11 increase on carbon structure steel, alloy steel and other steel structure factory varieties list prices were raised 80 yuan per ton. Shougang Changzhi steel since yesterday raised rebar and other steel prices 30-50 yuan per ton.
State Securities analyst Li Lifeng said that with the rising steel prices since the beginning of June, steel stocks started to rebound. With the reported market gradually approaching, the steel industry in the two quarter earnings or over a quarter of the background is expected to be expected to exceed expectations, but also to promote the steel plate in the mid market stage performance. Recently, the steel plate appears to rest more normal, after adjustment in place is still worth the intervention.
Shenwan Hong's latest research report pointed out that the strong steel industry in the first half of the downstream demand, supply and cost contraction superposition collapse, steel prices continued high profits, while the capacity of tightening cycle steel prices still maintain an upward trend. Recommendations focus on sheet oriented and pre - had a substantial adjustment of stocks.
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