Iron and steel stocks to increase the "into two" to pay attention to three major themes

Every reporter Zhangjilu domestic steel price has been rising for seven consecutive weeks, but in the wake of the sound constantly, the market also quietly occurred some differences.　　A recent report by CISA said that the late market was still not optimistic, affected by the continued slump in global demand, high domestic capacity and continued net imports of crude steel. This is perhaps the recent steel plate is always a continuous rise, there must be a callback, the "into the two retreat one" trend.　　Industry insiders believe that this trend is mainly on the future steel demand concerns, and steel enterprises in the two quarter profit although the improvement, but still low, investors in the second half of the investment theme should focus on resources, restructuring and the overall listing concept of stocks.　　Steel price in the future to be demand test before the rise momentum ferocious thread and wire has been adjusted this week, for the plate, the market is also due to demand, steel price seems to a pass. In the case of high production and social inventories, how long will steel prices still hold up? Yuan Securities industry analyst Suli told reporters, according to statistics, May national production of 46.4597 million tons of crude steel, an increase of 0.57% per cent, Nissan 1.4987 million tons of crude steel, the chain Rose 1.86%, Nissan level of the highest in the year. From June 8 to 15th, social inventory increased by 1.4%, including the growth of 2.2%, the plate increased 0.8%, threaded steel, wire growth of 1.9%, 3.5%. Inventory growth, indicating downstream shipments are not smooth, steel price increase power shortage.　　He also believes that the key time to test steel prices is three quarters, and this factor is demand, although the current domestic investment in fixed assets and new projects are still on the rise, but with the arrival of the rainy season in the south, market demand weakness in the short term is difficult to significantly improve. Sino-Silver International industry analyst Xu Min also believes that China has been a net importer of steel in March, only the recovery of exports can alleviate the situation of domestic supply and demand surplus.　　Since the end of last year, the country has raised export tax rebates and export tariffs for steel products three times, but there is still room for adjustment to promote exports. Profitability or the bottom of the June has entered late, the market has turned to look for blue, but steel stocks are still low profitability. The medium-term investment strategy report of the Securities and Security Corporation believes that because of the factors that still exist in the stock adjustment and the reduction of the value, the large and medium-sized iron and steel enterprises are still near the break-even point, and the inventory management has a great influence on the marginal profits of the enterprises.　　Combined with the estimates of tracked industry data, as well as the investigation of a number of listed companies, the steel industry listed companies in the second quarter of 2009 will be significantly better than the first quarter earnings, but overall still at a lower margin level.　　Zhou Xizhan, a CITIC Securities analyst, said industry fundamentals rebounded after the two quarter and were expected to reverse losses in three quarters. Industry insiders believe that investors can pay attention to the relatively large profit elasticity, the earlier losses of larger companies, such as Laiwu Steel shares, three steel min light, Jinan steel and Liuzhou shares; In addition, after the state of the steel industry restructuring and mergers will accelerate the promotion, investors can focus onThe source of the reorganization and the overall listed companies, such as wine and steel hongxing, Xining Special steel, Handan steel and so on.