According to the major industrial economic indicators of the industry in August 2022 updated by the National Bureau of Statistics' National Data official website recently, the number of losses and total losses of enterprises in the industry for ferrous metal smelting and rolling

According to the major industrial economic indicators of the industry in August 2022 updated by the official website of the National Bureau of Statistics National Data recently, the number of losses and total losses of enterprises in the industry for ferrous metal smelting and rolling processing industry have further expanded!

loss unit number exceeds 2000

At the end of August 2022, the number of units of the loss-making enterprises in the steel industry was 2031 , which is also the highest value since April 2022, and is basically close to the loss in March 2022! Compared with the same period last year, the cumulative number of loss-making enterprises increased by 892.

debt reached 4.4 trillion

At the end of August 2022, the debt of the steel industry reached 4475.34 billion , an increase of 225.67 billion yuan compared with the same period last year! According to the author's data, the cumulative operating income of the steel industry from January to June 2022 was 4575.97 billion yuan, while the liabilities of 4475.34 billion yuan were basically close to the total revenue in the first half of the year. This also fully proves that the overall situation in the steel industry is still grim, and the total debt is still at a high level!

profit in August was again negative growth

According to relevant data from the National Bureau of Statistics, the total cumulative profit of the steel industry from January to August 2022 was only 41.05 billion , and decreased by 291.7 billion compared with the same period last year, a year-on-year decrease of 87.7%. The total profit data of 41.05 billion is basically close to the cumulative profit amount of 42.24 billion as of March 2022. In other words, the market situation in the steel industry from April to August 2022 is extremely severe. In the past six months, due to factors such as insufficient demand and high cost pressure in the steel industry, steel companies are basically in a state of not making money.

The author also found that the total profit in the year ended August 2022 was 15.85 billion yuan lower than in July. This is also the second negative profit growth this year since July 2022 , the loss trend of the entire steel industry continues! Overall, the amount of negative profit growth in August 2022 was slightly lower than in July, which also shows that the development of the steel industry has begun to recover!

total loss exceeded 80 billion

The total loss in the steel industry from January to August 2022 reached 80.21 billion, an increase of 69.69 billion compared with the same period last year. According to the table, the monthly loss in August 2022 increased by 17.77 billion yuan, which has decreased compared with the monthly loss in July of 21.38 billion yuan. In the case of severe situation in the steel industry, judging from the indicators of monthly losses, it also shows that the development of the steel industry has eased slightly, and has not continued to slide into the "abyss"!

Steel industry development slow to recover

On September 16, at the press conference on the operation of the national economy in August held by the State Information Office, Fu Linghui, spokesperson of the National Bureau of Statistics, said that since May, my country's economy has gradually stabilized and rebounded, and 8 continued to continue its recovery trend, and the main indicators have shown positive changes in . Although the current external situation is still complex and severe, and the domestic economic recovery still faces many difficulties and challenges, the long-term improvement of my country's economy and the factors and conditions that support high-quality development have not changed.

National Bureau of Statistics released data on September 30, showing that in September, the manufacturing industry entered the traditional peak season, with the production index rising to 51.5%, 1.7 percentage points higher than the previous month, returning to above the critical point, and the production activities of manufacturing enterprises accelerated. From the industry situation, the production index of industries such as food and wine and beverage refined tea, medicine, non-metallic mineral products, ferrous metal smelting and calendering processing , and general equipment manufacturing have all risen to 54.0% or above , and the production capacity of enterprises has quickly released . At the same time, in order to meet production needs, enterprises have increased their efforts in purchasing raw materials, the procurement volume index has risen to 50.2%, and the activity of the manufacturing market has increased.

Judging from the steel industry PMI surveyed and released by the China IoT Steel Logistics Professional Committee, it was 46.6% in September 2022, a month-on-month rebound of 0.5 percentage points, and a month-on-month rebound of two consecutive months, indicating that the operation of the steel industry has recovered, but the index level is still relatively low, indicating that the steel industry has recovered slowly.

Comprehensive data shows that the development in August 2022 has eased compared to July. Although the steel industry has recovered slowly, the right half of the V character has begun to rise upward! But it has now entered October 2022 and the fourth quarter has started! With the arrival of the northern heating season, environmentally friendly production restrictions will gradually ferment in the fourth quarter, expectations of production cuts will strengthen, and steel mill profits may continue to remain weak! From the medium and long term perspective of the future development of the steel industry, with the continuous introduction of favorable policies for reducing crude steel production and the continuous introduction of favorable policies in real estate, infrastructure, automobiles and other industries, the supply and demand situation is expected to gradually improve. (Source: Today's Steel)

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