Steel industry state lift buy-backs difficulty

About whether steel break net state response regulators are expected to call for joining the buy back shares, yesterday, the personage inside course of study in an interview with "securities daily" pipe fitting 45 degree LR elbows said that the current iron and steel industry of baoshan iron & steel or only capable of operating the matter of the listed companies.Because from the point of the iron and steel industry structure, to buy back shares, also should have certain capital and premise, first of all the assets of the company itself situation need more good;Secondly the company will have enough cash to buy back;Finally, the price-to-book ratio of listed companies must be low enough.The number of listed steel companies can meet these conditions is not much, "the present state of iron and steel only baosteel have this ability, the maneuverability of the other steel mills are not too strong."

Baosteel 2013 annual performance report released yesterday evening, influenced by steel sales price rise,ASME B16.9 45 Deg Long Radius butt weld Elbow baosteel total profit of 1.45 billion yuan in the fourth quarter, year-on-year rise slightly in the third quarter, a 4% increase.Company the annual operating profit achieved 7.69 billion yuan, 114.0%;Implement merge profit down 39.0% year on year, the final asset-liability ratio below 50%, the final total assets is beginning rose slightly.

But it is worth mentioning that baosteel as early as August 2012 has launched a total of 5 billion yuan of repurchase,Standard 150# Forged Carbon Steel Welding Neck Flange the buyback plan take eight months, during this period, shares rose 27.2%.But then, baosteel shares fell again, yesterday, baosteel shares closed at 3.79 yuan/share, and on August 27, 2012, (start buy back the day before) compared to 4.07 yuan/share price is lower by 6%.

Thailand on the anti-dumping final high carbon wire rod in China held a public hearing

Recently, the ministry of commerce decided to Thailand, will be on January 13, 2014 in Bangkok on imports from China of high carbon wire rod anti-dumping final held a public hearing.Established as a result,hot rolled seamless steel pipe jiangsu shagang international trade company anti-dumping tax rate of 11.52%, the anti-dumping tax rate of 17.04% of the Qingdao iron and steel company, this 12.17%, other Chinese companies is 33.98%, the Thai ministry of commerce required stakeholders should be put forward written opinions before October 1 month.After the end of March 28, investigation is expected to decide the final anti-dumping tariffs.

In November 2012, Thailand on initiated an anti-dumping investigation against China's high carbon wire rod.On August 9, 2013,Hot Expanded welded spiral steel tube the Thai ministry of commerce to make a preliminary anti-dumping: jiangsu shagang international trade company of the provisional anti-dumping tax rate of 16.14%, Qingdao iron and steel company provisional anti-dumping tax rate of 26.96%, other 33.98% of Chinese enterprises.Provisional anti-dumping duty measures applicable period for 4 months, or as of December 8.