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Domestic steel profit space

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Although being enslaved by the high cost, the export profit of steel plants has not obviously increased, the insiders consider export as a big opportunity for profit expanding.


Export is recovering
Many steel plants said the export situation is getting better since January, the raising trend will last for a fairly long period. The flood in Australia is the key point.
Meanwhile, the steel export price was also largely raised. According to the statistics of the united steel website, in January, the quotation for stainless steel strip raised 2.79%.


Possibility for industry profit improvement
Many steel plants thought it was the raw materials that lead the price escalation, from the sales department in Angang, the export was better in January, but for the higher mineral price, the actual profit has not recovered yet.

 

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