Chinese steel imports gallop many steel enterprises hundred billion loss

Chinese steel imports gallop many steel enterprises hundred billion loss

Most of the steel industry profits belong to Lotus and Hoa Phat, the rest mostly very low rates or loss.

 

In 2015, although the real estate market continues to recover but clearly domestic steel industry is still faced with many difficulties. The cause was determined by the increased imports of steel making excess supply, which leads to steel price decline, significant impact on domestic steel companies.
 
Chinese steel imports surge
 
According to data from the General Administration of Customs, Vietnam has imported 15.7 million tons of steel in 2015, up 33% in volume compared to the previous year. In particular, steel imports from China to 9.6 million tons, up 54% and accounted for 61.3% of total imports of this commodity group. China's steel imports increased constantly have little impact on domestic steel enterprises.
 
 
While imports from other markets fluctuated around 5-6 million tonnes / year, steel imports from China increased from 1.7 million tons in 2011 to 9.6 million tonnes in 2015
While imports from other markets fluctuated around 5-6 million tonnes / year, steel imports from China increased from 1.7 million tons in 2011 to 9.6 million tonnes in 2015
Influence from falling steel prices can be seen as most companies in the industry are falling revenue, except for a few cases, such as Hoa Phat, Hoa Sen Nam Kim, Son Ha.
 
Notably, inventories of listed steel enterprises in 2015 to just over 18 thousand billion, down 7 trillion from a year earlier. This suggests that the activities of domestic steel consumption is still good and the difficulties of enterprises mainly from the price drop.
 
In steel enterprises listed on the 2 floor and UPCOM, Hoa Phat deserve keep No. 1 steel industry with a turnover of nearly 28 trillion in 2015 (in which the steel segment contributed 22 trillion) - far away with two other large enterprises as Vietnam Steel Corporation (VnSteel- TVN) and Hoa Sen Group (HSG). Revenue decreased significantly VNSteel Thai Nguyen Steel Corporation - TISCO no longer a subsidiary.
 
 
Most steel enterprises is very low profit or loss
 
Steel prices plummeted in the past year that many businesses encounter, as in the case of capital loss selling Huu Lien Asia, SMC, Tien Len Steel.
 
Besides the top businesses such as Hoa Phat, Hoa Sen, the overall steel industry profit margin last year was relatively low, only around 5% threshold.
 
 
Revenue decreased, while the costs arising in the period remained high that many large steel enterprises losses in the past year. Can mention as Huu Lien Asia (HLAC) holes 387 billion, accumulated losses 1,044 billion or 195 billion as SMC hole, hole Up Steel 173 billion Vietnam Italy Steel 52 billion hole, Metal City .HCM (HMC) 33 billion hole.
 
Conversely, though no longer Hoa Phat mutation from real estate but net profit more than 3,500 billion, more than 5 times the Lotus, now the market leader in the segment of galvanized steel sheet.
 
Hoa Phat's profit outperformed the industry
Hoa Phat's profit outperformed the industry
Hoang Anh
According to Young Intellectuals

 

Hỗ trợ trực tuyến

  • Liên hệ ngay.
    Email:

    ĐT: (08) 6682 3335 - Fax: (08) 6256 2218 

Ngày giờ hiện tại

18/8/2025
clock