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The Ministry of Industry and Information Technology released the "2010 steel industry operation situation and 2011 outlook" yesterday. The report shows that China's large and medium-sized steel enterprises achieved a profit of 89.7 billion yuan last year, and the sales profit rate was 2.91%, far lower than the average of 6.2% of national industrial enterprises. Level. Most businesses profit or loss According to statistics, in 2010 China produced 626.65 million tons of crude steel, an increase over last year 53 million tons, an increase of 9.3%, capacity utilization of 82%. Among them, the key large and medium-sized iron and steel enterprises accounted for 86.2% of the national crude steel output, an increase of 4.2 percentage points over the previous year. There are 13 enterprise groups with an annual output of 10 million tons of steel. In 2010, large and medium-sized steel enterprises realized a profit of 89.7 billion yuan, of which the profit of the top 20 enterprises was about 83%, and the profit of Baosteel was about 26%. Most of the enterprises were in a state of low profit or loss, and the overall profitability of the industry. Not optimistic. The steel industry has a sales profit margin of only 2.91%, which is far lower than the average of 6.2% of national industrial enterprises. “The profit rate is the lowest in the domestic industrial sector,†said Luo Tiejun, deputy director of the Raw Materials Division. In addition, last year's exports of steel ( 0 , -5176.00 , -100.00% ) 42.56 million tons, imported steel 16.43 million tons, import and export offset, the annual net export of steel 26.13 million tons, an increase of 2.76 times over the previous year, but than 2008 The annual decline is about 40%. The price of imported iron ore rose 61% . According to the analysis, China's steel industry is suffering from a substantial increase in operating costs. As the price of raw fuel has risen faster than the price of steel, it has seriously eroded the profits of steel companies. According to statistics, steel prices were generally at a low level last year. Although the steel price composite index rose by 21.1 points, it was still about 20% lower than the high price before the 2008 financial crisis. At the same time, the price of raw fuel has returned to the pre-crisis level, and some even reached new historical highs. According to the Ministry of Industry and Information Technology, the price of imported iron ore in China climbed from an average of US$90/ton in January to US$145/ton at the end of the year, up 61%. The average price of imported iron ore for the whole year was US$128/ton, up from the previous year. For $40/ton, the cost of importing iron ore for steel companies has increased by about 196 billion yuan. In the same period, domestic metallurgical coke and scrap prices also increased significantly. As a result, the production cost of key large and medium-sized steel companies in 2010 increased by 30.7%. It is predicted that the efficiency of steel enterprises in 2011 will be changed. (Reporter Zhang Wei) The report predicts that China's crude steel output will be around 660 million tons in 2011, an increase of about 5% year-on-year. The net export volume of crude steel is expected to be the same as in 2010. At the same time, iron ore prices will continue to operate at a high level this year, and China's imported iron ore is generally maintained at around 600 million tons. Due to the high price of raw fuel, the efficiency of the steel industry will not change significantly, and the profit margin of the steel industry will still be lower than the average level of the industrial sector. According to the "Economic Information Daily" reported yesterday, BHP Billiton, one of the three major mines, has issued the latest offer for iron ore to steel mills, rising from $155/ton in January to $168/ton (FOB). If the average sea freight rate from Australia to China is $7/ton, the ore price will reach $175/ton. BHP Billiton has not yet responded to this. If the news is accurate, the price of the agreement mine has set a new historical record.