Author Topic: STEEL  (Read 860 times)

Online king

  • King
  • ***********
  • Posts: 77,851
STEEL
« on: February 22, 2016, 10:38:53 AM »



MoneyDJ理財網新聞首頁最新頭條新聞頭條新聞
新聞內文
看回應看回應 | 寫心得寫心得 | 轉寄轉寄 | 收藏收藏 | 列印列印 |


字級設定: 小 中 大 特
日本粗鋼產量連17跌;慘過泡沫/石油危機、戰後第4長
回應(0) 人氣(143) 收藏(0) 2016/02/22 09:19
MoneyDJ新聞 2016-02-22 09:19:55 記者 蔡承啟 報導
根據日本鋼鐵連盟(JISF)19日公佈的統計數據顯示,因日本車用需求不振、加上中國生產過剩導致全球鋼材市況惡化,拖累2016年1月份日本粗鋼產量較去年同月下滑2.8%至877.2萬噸,連續第17個月陷入衰退;1月份日本粗鋼日平均產量為28.30萬噸,較前月(27.71萬噸)相比增加2.1%。
據日經新聞、產經新聞指出,日本粗鋼產量連17個月走跌,已超越泡沫崩壞(1991年8月-1992年11月)、第2次石油危機(1980年-1981年)的連16跌,創戰後(二次大戰後)史上第4長連跌紀錄。
1月份日本條鋼類產量較去年同月下滑5.5%至145.2萬噸,連續第17個月下滑;板鋼類產量較去年同月下滑4.3%至457.3萬噸,連續第15個月衰退。

從鋼鐵種類來看,1月份日本使用於汽車、家電等廣泛用途的寬帶鋼產量較去年同月下滑3.7%至368.1萬噸,15個月來第14度呈現下滑;使用於鋼筋的小形棒鋼產量較去年同月下滑2.2%至64.8萬噸,連續第17個月下滑;H形鋼產量較去年同月下滑8.7%至30.6萬噸,連續第2個月呈現下滑。
日經新聞指出,日本鋼鐵大廠從2015年1月就開始調整庫存、進行減產,不過因需求低迷、導致減產時間持續延長,且因庫存去化程度仍稱不上足夠,故JISF指出,「需求環境惡化,故今年度(2016年3月底前)恐無法呈現令人期待的狀態」。
日本經濟新聞18日報導,新日鐵住金執行副總Katsuhiko Ota在受訪時指出,中國內需疲弱、鋼鐵業供給過剩,當地過剩產能問題不會迅速消失。他說,中國得花上相當長的時間才能消化完過剩產能。
根據嘉實XQ全球贏家系統報價,截至台北時間22日上午8點45分為止,日本鋼鐵龍頭新日鐵住金大跌3.26%,今年迄今跌幅達約22%。
*編者按:本文僅供參考之用,並不構成要約、招攬或邀請、誘使、任何不論種類或形式之申述或訂立任何建議及推薦,讀者務請運用個人獨立思考能力,自行作出投資決定,如因相關建議招致損失,概與《精實財經媒體》、編者及作者無涉


全文網址: http://www.moneydj.com/KMDJ/News/NewsViewer.aspx?a=d763348d-b103-439c-a397-56ada06d841e&c=MB010000#ixzz40rLnxQSM
MoneyDJ 財經知識庫

Online king

  • King
  • ***********
  • Posts: 77,851
Re: STEEL
« Reply #1 on: March 16, 2016, 10:03:51 AM »




MoneyDJ理財網新聞首頁最新頭條新聞頭條新聞
新聞內文
看回應看回應 | 寫心得寫心得 | 轉寄轉寄 | 收藏收藏 | 列印列印 |


字級設定: 小 中 大 特
反彈果真曇花一現?標普唱衰大陸鋼價2016跌一成
回應(0) 人氣(155) 收藏(0) 2016/03/16 08:52
MoneyDJ新聞 2016-03-16 08:52:19 記者 陳瑞哲 報導
鋼價近期驚驚漲可能真的只是曇花一現,據標普信評機構預測,大陸鋼價今年將再跌一成,理由是需求減緩,而北京供給側改革去化產能的力道又不足。

標普公司債部門主管May Zhong指出,大陸房市熱度即使居高不下也救不了鋼價,因為建商目前只顧著清餘屋庫存,根本無暇沒有買地蓋新房,如此哪來的需求。(路透社)

另一方面,即使北京當局宣誓三年內,將大刀闊斧削減鋼鐵產能1.5億噸,但Zhong認為執行面恐窒礙難行,由於擔心失業潮問題,地方政府不見得會貫徹中央意志。

除此之外,Zhong預期新鋼廠上線後,還會有新產能開出,將部分抵銷舊廠減產效果。Zhong估計2016-2017年新鋼廠帶來1千萬噸的新產能。

*編者按:本文僅供參考之用,並不構成要約、招攬或邀請、誘使、任何不論種類或形式之申述或訂立任何建議及推薦,讀者務請運用個人獨立思考能力,自行作出投資決定,如因相關建議招致損失,概與《精實財經媒體》、編者及作者無涉


全文網址: http://www.moneydj.com/KMDJ/News/NewsViewer.aspx?a=b04abbd3-dad8-4bb8-ba90-59a2c0681047&c=MB010000#ixzz431gvgl2A
MoneyDJ 財經知識庫

Online king

  • King
  • ***********
  • Posts: 77,851
Re: STEEL
« Reply #2 on: April 10, 2016, 06:56:11 PM »



 0 0 0 New
Britain urges China to speed up on cutting steel capacity
April 10, 2016
britain-china-steelLONDON: Britain asked China on Saturday to hurry up in tackling overcapacity in its steel industry, hoping to stem the flood of cheap imports into Europe which India’s Tata Steel has blamed for its decision to pull out of the United Kingdom, putting 15,000 jobs at risk.
Tata put its entire UK business up for sale last month, including its flagship production plant at Port Talbot in south Wales, saying it could no longer endure mounting losses caused by increased imports to Europe from countries like China, high manufacturing costs and domestic market weakness.
“I urged China to accelerate its efforts to reduce levels of steel production,” Britain’s Foreign Secretary Philip Hammond said in a statement issued after he met with his Chinese counterpart Wang Yi in Beijing.
“The UK’s focus is on finding a long-term sustainable future for steelmaking at Port Talbot and across the UK and I welcomed the potential interest of Chinese companies in investment in UK steelmaking,” Hammond said.
The global steel industry is suffering from overcapacity as a slowdown in growth in the Chinese economy has reduced domestic demand.
China, which produces half of the world’s steel, as well as Russia have responded by diverting more of their output to markets like Europe, sending prices plummeting.

 
The European Union opened three anti-dumping investigations into Chinese steel products in February and imposed new duties on imports after the European steel industry said thousands of jobs were at stake.
China said earlier on Saturday that plans to shut steel mills over the next five years would cut capacity to an estimated 1.13 billion tonnes by 2020, which is still far in excess of the country’s needs.
A statement released by China’s Foreign Ministry about Wang’s meeting with Hammond made no mention of the steel issue.
Instead it reported Wang as telling Hammond that Hong Kong’s affairs are China’s internal affairs and that Beijing is committed to Hong Kong’s government system where it is granted a high degree of autonomy under the “one country, two systems” model.
Visiting the former British colony on Friday, Hammond had said a Hong Kong bookseller who disappeared from the city under mysterious circumstances last year had been removed under duress and that the business community was “unnerved”.
Wang also called for this weekend’s meeting of G7 foreign ministers in Japan, where Hammond is heading next, not to “hype up” the South China Sea issue.
China has rattled nerves in the region with its increasingly assertive moves in the disputed waters, where Brunei, Malaysia, the Philippines, Taiwan and Vietnam all have competing claims.
– Reuters

Online king

  • King
  • ***********
  • Posts: 77,851
Re: STEEL
« Reply #3 on: April 24, 2016, 08:57:08 AM »



Saturday, 23 April 2016
Sudden shortage of steel
BY P. ARUNA







 Shortage: A worker holds steel bars as he walks at the construction site of a new apartment in Jakarta, Indonesia. Steel prices in Malaysia have shot up. — Reuters
Shortage: A worker holds steel bars as he walks at the construction site of a new apartment in Jakarta, Indonesia. Steel prices in Malaysia have shot up. — Reuters
 
Popular Now in Business

Wage earners tend to lose out when it comes to taxes
The man of the moment
Throwing good money after bad and how to stop it
Solving affordability issues
Banks prepare for new standard
FROM a chronic oversupply situation just months ago, there is now a sudden shortage of steel in Malaysia, causing a rapid rise in prices.

The shortage stems from drastically lower imports of the commodity from China, due to the increasing demand for steel there, according to industry experts.

“The shortage we are seeing now is because Chinese exporters are cancelling their earlier contracts as they can fetch higher prices domestically.

“Steel prices are going up very quickly, and because we are importing much less, there appears to be a shortage,” says an industry source.


ADVERTISEMENT

He says it is due to this situation that steel prices in Malaysia have shot up.

Last year, Malaysian steel millers were badly hit due to the aggressive dumping of China steel products at below-cost price in the global market.

Export prices were below cost by US$39 (RM1541) to US$89 (RM346) per tonne.

The companies suffered huge losses, with many cutting down capacity, retrenching workers and even shutting down mills.

In November, it was reported that the local mills were on average, operating at about a 30% capacity due to the chronic oversupply situation.

An industry source tells StarBizWeek that steel consumers in Malaysia, such as the construction industry, are now feeling the pinch as their costs are being pushed up.

“The local steel manufacturers were neglected when China was dumping steel below the market price – but now consumers are complaining because prices have shot up.

“Many millers had to shut down or cut capacity.

“Now that there is a shortage, they cannot instantly ramp up production - it takes some time.

“They would not have stocked up on raw material, and may have retrenched their skilled workers,” he says.

While Malaysia’s total production capacity is enough to cater to local demand, he says the producers needed time to catch up with the current demand.

However, he says the shortage situation was not expected to last for long.

“This will probably go on until July, after which it is expected to return to the oversupply situation,” he says.

Meanwhile, a peer comparison of 16 steel companies listed on Bursa Malaysia, conducted by RAM Ratings found that a “toxic mix” of rising competition, pricing pressures and domestic cost-push factors will result in another difficult year ahead for Malaysian steel players.

The rating house says the aggregate revenue for the peer group fell to RM15.08bil in financial year 2014 from RM16.32bil in 2011.

“More than half of the peer group recorded at least a year’s worth of operating losses over a 4-year period.

“Even the profitable ones have to be very vigilant as the majority of these recorded margins on operating profit before interest and tax of only 2% to 5%, leaving them vulnerable to any shift in revenue or cost,” says head of Consumer and Industrial Ratings Kevin Lim.

Steel companies have had to deal with rising domestic costs, which have slashed their margins, according to Lim.

“As expected, these companies also exhibited very volatile pre-tax profits and cashflows,” he adds.

The study also found that half of the companies studied had gearing ratios of at least 0.90 times, with many of the highly geared companies reporting “unimpressive” cashflow protection.

It says the average borrowings rates had risen for almost all the companies.

“Several of the larger entities have also issued private debt securities after the global financial crisis, proving that qualified borrowers should still be able to tap the debt market.

“On the other hand, fund-raising activity on the equity front has been rather muted,” it says, adding that the 16 companies had only raised some RM293mil in equity between 2011 and 2014, mostly driven by a single company, to partially fund its capital expenditure.

“With competition likely to get more intense, industry consolidation certainly makes sense, although this undertaking is certainly not a simple case of 1 plus 1 equals 2”.

“Financial risks aside, mergers and acquisitions would also involve various integration challenges. However, weak balance sheets and/or volatile cashflows are likely to constrain the ability of domestic players to undertake large scale mergers and acquisitions that could restructure the local playing field,” it says.