As China's economy despite the recovery, the year 2009 China's steel industry is gradually warmed up again, but still some iron and steel industry has not got it together, children come to listed companies.

Last night, Valin Iron & Steel and Benxi Iron and Steel Plates 2 results were published in 2009 formed a notice on the rather obvious contrast. According to Valin Iron & Steel notice disclosure, 2009, the company expects a profit of about 1 million, to amend the earlier loss of about 2.2 billion in the first performance of notice; while Bengang Steel Plates with such notice, said the company will be a substantial loss in 2009 of about 1.32 billion yuan -14 billion.

Also last night, Guangzhou Iron and Steel shares, Chongqing Iron & Steel, Laiwu Steel, and three steel Minguang the four steel prices have also released the latest results notice.

Among them, Guangzhou Iron and Steel shares announcement said it expects 2009 will be able to achieve profitability; three steel Minguang also said that by the corporate finance department's forecast, expects 2009 from January to December net profit attributable to parent company owners with a year earlier growth of 10% compared with 30% (its 2008 net profit attributable to parent company, the owner of 3,484.08 million); and Chongqing Iron and Steel claimed by the company's financial department's forecast, in 2009 the company net profit is expected to decrease over the same period More than 80% (in 2008 attributable to shareholders of listed companies net profit of 598 million yuan); Laiwu Steel is also expected, the company in 2009, compared with a year earlier net profit decreased by 50% or more (in 2008 attributable to shareholders of listed companies The net profit of approximately RMB 264 million yuan)

In the fourth quarter rebound in steel prices

Valin Iron & Steel deficits in one fell swoop

Prior to October 30, 2009, Valin Iron & Steel Corporation announced a further three quarterly at the same time, revealed the company's 2009 annual results expected: loss of 2.2 billion yuan of basic earnings per share of about -0.08. Last night, Valin Iron & Steel released its final results announcement, said the amendment is expected in 2009 will achieve about 100 million yuan net profit, basic earnings per share were 0.04 yuan.

In this regard, last night, Valin Iron & Steel notice that, since the fourth quarter of 2009, domestic steel prices rise beyond the Company's expectations, and the company to control production costs and costs of such measures during the initial results are expected to be profitable for the full year. Valin Iron & Steel said that the specific financial data will be in the company 2009 annual report, a detailed disclosure.

However, although the time for extreme performance in the fourth finally achieved profitability, but Valin Iron & Steel 2009 annual results compared to 2008 is still around 89% plunge.

Plate prices hovering low

Bengang Steel Plates loss of nearly 1.4 billion yuan

With Valin Iron & Steel in the last quarter, "vista" compared to Bengang Steel Plates are not so "lucky."

Data show that in 2009 the first three quarters of losses on the Benxi Iron and Steel plate is about 1.433 billion yuan. The results released last night, Bengang Steel Plates notice said the company in 2009 to a loss of about 1.32 billion yuan -14 billion, down sharply from the previous year 900% -950%. Accordingly, notwithstanding the Benxi Iron and Steel Plates four quarters of profitability, but the distance from the losses are still greater.

In huge losses for the performance reasons, Bengang Steel Plates announcement last night that are mainly due to macro-economic and steel industry, the impact of excess production capacity in 2009, domestic steel industry continues to depress the market price sheet a long time remained at low levels, product prices and last year significantly decreased, while the corresponding consumption of raw materials, the company changed much in upstream product prices, resulting in sharp drop in operating profit this year is expected to occur in 2009 operating loss.

Sheet steel prices for a difficult time, after Haitong Securities analyst Liu Yanqi once in the report that "plate prices still have to wait." Its report, said that after more than a year of adjustment, the economy next year, degree of iron and steel industry will be up the whole plate is still weaker than building materials, which is investment-driven economy and national ideas connected. However, we can also see the export manufacturing sector is recovering, though slowly, followed by domestic consumption is gradually up. So this round of boom-degree rise in iron and steel industry will not be too fast, but the trend has been fixed.