2013年8月27日星期二

Unilateral capital increase of 12 billion yuan

The main managing range of the data shows, zhanjiang steel is black metal smelting and rolling processing, marketing, etc., a registered capital of 8 billion yuan, including baosteel ASTM A234 socket welding pipe fitting tee holds a 75% stake in guangdong heng jian investment holding co., LTD. (hereinafter referred to as "guangdong heng jian) holds a 25% stake. Zhanjiang iron & steel, after the completion of the capital increase the registered capital of 20 billion yuan, baoshan iron & steel holding steel's 90% stake in zhanjiang, guangdong heng jian holds a 10% stake.

In fact, baosteel group regards as the R=5D 45 degree long radius eblow iron and steel base in zhanjiang and hope for the future, as the major strategic deployment of baosteel and second startup.
It is understood that to cooperate with project construction, in accordance with requirements of the project approval documents, zhanjiang steel projects based on capacity of equivalent replacement. Among them, the guangdong province in the obsolete, on the basis of 11.64 million 89mm SCH40 Seamless steel pipe and tube tons of crude steel production capacity, and completed the bead steel 2 million tons of production capacity out of work. Injure crane hole base 2.5 million tons of production capacity, compression is underway in 2015 before and after. At the same time, the compression of baosteel baoshan district 6.6 million tons of steel production capacity, making of concrete compression scheme, will be completed in 2017 by the end of compression.

It is important to note that in the current severe steel market situation, baosteel are also strictly control the total amount of investment, static in zhanjiang project total investment is actually being compressed. Baoshan iron & steel, according to the announcement on August 24, static total investment for the project of zhanjiang compressed to 41.5 billion yuan, a year ago when the project is approved plan investment 69.68 billion yuan, more than forty percent.

"Since July, baosteel zhanjiang steel engineering construction, wisco fangchenggang project cold rolling project construction in succession, the two large projects begin entering the construction construction." Institutions researchers to the "daily economic news" reporter said, this is baosteel, wuhan iron and steel industry future situation and grasp the timing of the south and southeast Asia market, the subsequent need to continue to invest a lot of money.

108 bank deposit interest rates to rise to

According to net silver rate statistics, from last year, the central bank set the deposit interest rates to rise 10%, since the upper limit of 108 deposit rates that Banks are carried out in the rise to the American carbon steel eccentric reducer top, which is given priority to with city commercial Banks. For the specific terms of deposit that rise to the top 108 Banks, the rate of net silver did not elaborate, also does not have to list the 108 Banks.

"Daily economic news" reporter through online query, found that many local Banks are indeed perform the highest savings rates, such as guangdong region of huaxing Banks, such as China resources bank of large diameter ASTM end cap for water pipe zhuhai. Journalists also looked at the part of the city in other areas of the business, including huarong bank of xiangjiang river, etc., are all your own savings deposit interest rates to rise to the highest level.

For this kind of phenomenon, dongguan securities, banking analyst at Deng Mao to the "daily economic news" reporter said, city firm sequestration pressure, will first take the means of price competition, 6" sch80 galvanized carbon steel pipe higher deposit rates."Banks most want to rise is a short-term interest rates, Banks are reluctant to even attract a 5-year deposit, unless there is a period that matches the long-term loans." The city firms, he says, if a bank raised its five-year deposit interest rates, explain his thirst for funds has been more serious.

Business people think that the city, the situation of small and medium-sized line and city firms is more difficult, on the network, product design and state-owned big line can not compete, sequestration under a lot of pressure. The current interest rates to rise is the trend of The Times, is not only the small and medium-sized Banks, state-owned large line also has a significant rise in the benchmark interest rate.

2013年8月21日星期三

Production and marketing of negative growth 43% drop in profits

19, China coal industry association, the first seven months of this year the national coal production, shipment and sale all fell. Among them, 2.13 billion tons of coal production, fell 3.5% year on year; Sales of 2.07 billion tons, down 3.9% year-on-year. National railway STD seamless steel pipe ASME B36.10m tube sent 1.322 billion tons of coal, fell 1.2% year on year.

Since the beginning of this August, the R=5D 45 degree long radius eblow coal market again, "but there is no substantial recovery, mainly by temperature increase short-term lift demand." A coal trader said.
Under the pattern of domestic coal supply, coal imports continue to grow. Coal traders first seven months of the national total import 187 million tons of coal, up 14.1% from a year earlier. Coal imports carbon steel concentric reducer in May and June for two consecutive month-on-month fall after a rebound in July. "Once a rise in domestic prices, coal imports will be poured into the domestic."

At the same time, the domestic coal inventory is still high. In late July, the inventory of 90.2 million tons of coal enterprises, the key to save 68.63 million tons of coal, power enterprises can use 17 days; Main port, 52.97 million tons of coal inventory.In the condition of resource provinces, worse. Inner Mongolia coal industry bureau statistics, in the first half of 447 million tons of raw coal production; Sales of 435 million tons of coal, fell 9% year on year, selling more than 12 million tons. By the end of June, more than 20% of coal mines. In shanxi, in the first half of the coal industry profit is 6.91 billion yuan, fell 12.797 billion yuan, down 64.94%.

No longer, the coal bosses now situation become some bleak, symposium nature is little not bitter. Some coal mines due to operating difficulties, appear even payday loans and delay phenomenon of salary.

At present, according to data released in the first half of the year is the most serious loss of yanzhou, loss of 2.397 billion yuan. The second is the black dragon Jiang Long coal group, the loss of 1.7 billion yuan.

Vice President of China coal industry association Jiang Zhimin introduction, the first six months of the coal enterprises above designated size profits fell 43.3% year on year; Large-scale coal enterprise profits fell 40.8% year on year, of which 24 enterprise losses, KuiSunMian is increased by 15.6% than last year. Heilongjiang, jilin, chongqing, sichuan, yunnan, anhui, jiangxi seven provinces, such as coal industry-wide losses.

Previously, the coal industry association dedicated to the national development and reform commission, ministry of finance, the national energy bureau report to the original state-owned coal mines bankruptcy policy does not reach the designated position, insufficient subsidies, such as enterprise management difficult problem.

Steel companies export frequency double sniper

In recent years, the steel trade friction constantly, but the eu exports to China steel by double negative survey, Brazil, Mexico, India, and many other areas of steel dispute also continued JIS 5K Plate flanges to upgrade.

As early as September 2010, the European Union to China stainless steel seamless steel tube products launched anti-dumping investigations, and in December 2011 to anti-dumping duties on Chinese companies rate rose from 48.3% to 48.3%.

In response, last November, of the People's Republic of China's ministry of commerce said the European Union and astm a234 seamless carbon steel tee Japan imported high-performance stainless steel seamless steel tube anti-dumping duties of 9.2% to 9.2% implementation period for 5 years.

Starting from June this year, the eu and China escalated on steel trade dispute. When the eu will China's anti-dumping measures for the seamless steel tube appealed to the world trade organization, the request is the problem of anti-dumping duties in talks with China, saying that short radius 90 degree elbow if the consultation cannot succeed, 60 days, the eu will require the wto to set up the panel hearing the case.

On August 16, the European Union issued a written statement, said that China for the seamless steel pipe from the application of antidumping duty and in fact is not in conformity with the wto regulations, and asked the world trade organization (wto) set up the panel hearing the case.

2013年8月20日星期二

Carrara mining or thickening performance

Anshan iron and steel after respectively in July 2011 and December 2011 promised to investors, "if the material assets reorganization after the completion of the 2011, 2012, 2012, three years into the saddle thousand carrara mining and 50% stake in the actual total earnings amounted to Q235 seamless carbon steel pipe less than predicted total net profit of 2.25 billion yuan, the anshan iron and steel company of panzhihua vanadium titanium to cash compensation".

Report, the company said it will be at the end of the year 2013 to hire accounting firms with qualification for business in 2012 and 2013 and 2011, the annual saddle thousand carrara mining and 50% stake in the actual total profit and forecast the difference between the astm a234 seamless carbon steel tee total net profit to issue special audit opinion.

In addition, the report also said that carrara iron ore project in April 2013, from construction to commissioning operation periods such as depth of full tailings recycling project progress smoothly, baima ore expansion, such as vanadium nitride alloy expansion project steady progress. Company also announced, to support the carrara mining co., LTD. (hereinafter referred to as the "carrara") iron ore production after the short radius 90 degree elbow completion of the project development, carrara two shareholders - the company is a wholly owned subsidiary company and a wholly owned subsidiary of anshan saddle Australia shares of stock in the Hong Kong company in proportion to gindalbie metals co., LTD. Will provide 10-year interest-free loan to carrara, borrowing is expected to total $100 million.

Huatai securities, said the carrara mining will become the company's performance this year important contribution to the point. Carrara magnetite ore has proved reserves of 2.518 billion tons, annual production 8 million tons of high grade iron concentrate of concentrator.

To cook, writing a new history

In another confirmed that he leave the evidence of the fitness industry, someone on Twitter, said after he left, they would miss him. He replied to the message, not to leave the health industry is carbon steel pipe fitting lr elbows 45 degree denied.

In the past few weeks, he also unveiled his fitness activities in the new career path. According to information released online posts and attendees in IDEAFit fitness conference held in this month, he also won the award.

But in 9 to5mac website revealed he joined carbon steel seamless eccentric reducer the company after the news, he deleted some tweets. In addition, Mr Nick public website and all the contact information of the online resume, scheduling and many professional detail, were also gone.

In view of the company will focus on the development of wrist watch equipment, induction, and health and fitness, he join in is very important to apple. On Nick's career, he has always focused on 45 degree short radius pipe fitting elbows how to change people's behavior, his experience will help apple CEO Tim Cook (Tim Cook) writing a new history, how to change user behavior can be worn equipment. So, he thought to give up all this now, is very worth it, he is willing to participate in such as iWatch product development is of great significance.

In addition to have rich experience in the health industry, he also has a certain ability of product development. Based on his personal website, many fitness applications, Mr Nick in Nike Nike + access training service as well as the FuelBand development, plays a key role.