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Large steel mills take optimistic attitude to market environment this year

Time:2/24/2017 12:46:36 AM

 From the current released 2016 annual performance of the international steel giant, their performance changes different. At present, large steel mills and the industry organization take optimistic attitude to the market environment, the international steel market is expected to enter a new round of "bull market". 

 
The world's leading steel production company arcelor mittal said recently that benefit from the demand improved and steel prices rebounded, net profit reached 1.8 billion in year 2016, while lost $7.9 billion in year 2015. Arcelor mittal crude steel output was 90.8 million tons in 2016, fell 1.7 million tons, steel shipments 93.9 million tons, reduced 500000 tons. 
 
South Korea's posco recently announced the 2016 results showed that influenced by carbon steel average sales price fell 6.6% , posco sales fell 5%, but by expanding high value-added WP (World Premium, high-end products) sales (got a 1 trillion profit ) and reducing costs and increasing benefits(got 400 billion benifite), its operating profit increased 17.7%; Operating profit margin of 10.8%, increased 2.1%, this is the first time the operating profit margin reached double digits since 2011; Net profit of 1.79 trillion, up 35.4%; Debt ratios to 17.4%, the lowest level since the company founded. 
 
See from the first three quarters of year 2016(from April to December), effected by the steel average selling price down, Nippon steel gold net sales revenue of 3.332 trillion yen, slumped by 10.3% from the year before; Also net profit significantly shrinked by 61.2% from 153 billion yen 2015 to 59.4 billion yen. JFE holdings over the same period net sales revenue was 2.3117 trillion yen, down 9.3%. Net profit fell sharply by 10.7% to 33.3 billion yen. But these two companies the third quarter earnings (October to December) showed a sharp growth. 
 
Arcelor mittal, chairman and CEO,  Mr Sago Mittal said, more confident about the market in 2017, the current management situation presents a good momentum, but trade policy is still a question. As long as global overcapacity, unfair trade still exist, continue to call for a comprehensive solution to unfair trade. 
 
Arcelor mittal expects 2017 global consumption of steel on the basis of increased 1% last year to further increase of 0.5% to 1.5%. After the United States reduced the stock in the second half of last year, the market remains strong, expecting the shipments this year will increase by 3% to 4%. Europe recovered slightly conservative, is expected to increase 0.5% to 1%, Brazil will increase by 3% to 4% this year after fell 13% last year.
 
According to data, in the Mid-february, the global steel benchmark index up to 100.2 points, up 1.5% month-on-month (expand increase), up 53.7% year-on-year. Among them, the flat material index was 98.8 points, up 2.1% month-on-month (expand increase), rose 64.2%. Long material index was 99.6 points, up 0.5% month-on-month (down to up), up 41.5% month-on-month; Asian index was 106.3 points, up 1.7% month-on-month expand (expand increase). In Asia China index was 108.9 points, up 1.7% month-on-month (from flat to increase); American index was100.2 points, up 2.3% month-on-month (convergence); European index at 88 points, up 0.6% month-on-month (convergence).
 

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