The steel industry ushered in the hardest quarter, with 10 consecutive quarterly losses

The first quarter of this year by the Chinese Iron and Steel industry association known as "into the new century, the steel industry, the most difficult quarter", the domestic large and medium-sized steel enterprises total loss of 2.329 billion yuan, the year from the profit deficit, the cumulative loss of 45.45% per cent; 10 consecutive quarterly losses have been made since the start of the fourth quarter of 2011.

In excess of steel production capacity, industry meager profit situation, the steel mills themselves are facing a continuous high level of steel inventory pressure, as well as the upstream coal enterprises to pay the pressure, coupled with their own funds tight, steel mills began to try to borrow electricity platform "with steel for coal."

A few days ago, to find steel network of NetEase financial disclosure, Huaibei Mining, MA Steel recently joint Find steel network test water "coal-steel linkage" mode. The so-called "coal-steel linkage" refers to the "lack of money is not lack of steel" steel in exchange for coal enterprises coal, coke and other raw materials, steel sales power of the weak coal enterprises are using the electric platform for the sale of the steel to achieve the payment.

It is reported that this model in the iron and steel E-commerce is the first innovation, and MA Steel, huaibei mining both sides through this model has achieved the equivalent of 9936 tons of steel capital flow.

Looking for steel net Personage said, the platform "coal-steel linkage" mode will greatly increase the turnover rate of steel upstream, "The pursuit of state-owned enterprises is a safe and stable asset appreciation, scale, good at heavy assets, the electrical business is good at innovation breakthrough, scale, good at light assets, in the steel field, both have their own strengths, each has a short, So the combination of the two will become more and more close. According to the disclosure, in addition to Huaibei mining, find steel net also and Shanxi Coal Group has carried out this mode of cooperation.

It is reported that China Iron and steel Industry Association vice President Wang Xiaozi recently "took off" to describe the popularity of iron and steel e-commerce since last year. Cai Jin, vice president of China's Logistics and Purchasing association, said recently that there were more than 580 e-commerce in commodities, including more than 100 steel products.

Under the situation of excess steel production capacity, there is a growing number of iron and steel electric platforms, and the innovation model is "multifarious", which has impacted on the traditional steel industry. It is understood that in recent years, including Baosteel, Shougang, Handan Steel, Masteel, Wisco, hualing steel, sand steel and other steel production enterprises have dabbled in iron and steel manufacturers, in addition, Shanghai Steel, Oppu Steel Network, Minmetals development, Property extension, the west of the Shinkansen, find steel nets, steel home, Lange Steel trade enterprises or it enterprises have also established a steel electric business platform.