wisco lowered profit targets steel industry suffered the most difficult period of the new century

comprehensive analysis of the various factors in the second half of the year, the company decided that the annual profit target increased from $ 3 billion to $ 16 billion.in yesterday's the wisco work meeting, deng qilin, general manager of wuhan iron and steel public lowered full-year profit target.none wisco also not spared in the first half of this year, is expected to achieve sales revenue of 98.9 billion yuan, the main steel industry suffered the impact, the steady development of related industries, is expected to achieve a profit of 1.38 billion yuan, a year-on-year growth of 14%.related data to predict the second half of this year, increased the downward pressure of the world economic slowdown in growth of the downstream steel industry, raw material prices are ranking highly difficult steel serious excess capacity, the steel industryhigh productivity, high inventory, high-cost, low-price, low-effectiveness is difficult to change the trend of short-term.main steel industry must do everything possible to hold the position.said deng qilin profitable varieties of steel to ensure that up to 50%, and strip production line loss, the profitability of the hot-rolled and cold-rolled products, silicon steel production line to create more effective, and continuously enhance profitabilitycapacity.future, wuhan iron and steel faced four fronts of the main steel industry, related industries, overseas resource development, fangchenggang steel project to combat this site for information purposes only and does not constitute investment advice.investors operate your own risk.

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