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Perspective of the enterprise under the impact of financial crisis "boring furnace phenomenon" by zyzy wang





Article Author Biography
Perspective of the enterprise under the impact of financial crisis "boring furnace phenomenon" by
Article Posted: 05/29/2011
Article Views: 64
Articles Written: 2301
Word Count: 717
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Perspective of the enterprise under the impact of financial crisis "boring furnace phenomenon"


 
Business,Business News,Business Opportunities
In the international financial crisis, with the market's sharp decline, the Chinese iron and steel, coke, textile and garments, a number of companies currently in the cut-off, semi-shutdown state. Although the production of the struggling, but they all insist on waiting for market recovery. Economic circles vividly call it "boring furnace phenomenon."



The recent economic situation, research teams Xinhua reporters in research to understand that, despite being the external financial crisis, but "boring furnace Phenomenon" behind, but also has some of the more profound internal. Interpretation of this phenomenon, there are many valuable inspiration.



"Stuffy furnace phenomenon": a large number of enterprises in a difficult waiting for hope



Familiar with the metallurgical industry knows that, "Blast" and "coke ovens" is the iron and steel, coking enterprises core equipment, once the ignition can not easily stop the run, otherwise the furnace was seriously injured. The so-called "boring furnace," in fact significantly reduce production of these enterprises had to do this in a way, it makes the stove in a thermal state, to minimize the cost, wait for the market rebound.



Reporters in Hubei Wuhan, Shanxi Taiyuan Iron and other large steel companies interviewed learned that quite a number of steel plants as the domestic demand shrinkage, active "stuffy furnace" limited production.



To Wuhan, for example, in the financial crisis, the Wuhan Iron and Steel production and business impact of serious and continuing decline of profits in recent months, from August's 1.12 billion yuan in September dropped to 5.3 billion, 10 month is only 46 million yuan, making a loss. At present, the company was forced to sharply cut, a reduction of 30%.



WISCO so small steel mills, "boring furnace phenomenon" more popular. More concentrated in small-scale steel mills in Hebei Province. Early in November, Handan over 2 / 3 of small steel enterprises have been discontinued or semi-shutdown, more than 50% in Tangshan area of blast furnace shutdown, Langfang most strip all discontinued businesses.



Emphasis on coal industry in Shanxi Province, high energy consumption of iron, a considerable number of companies are focused on showing a "boring furnace phenomenon." In Changzhi City, to 11 mid-city coke, iron and steel, calcium carbide and other small and medium enterprises stopped production more than 200 enterprises, of which 50% of the city coking enterprises have ceased production of more than 38 125 m3 blast furnace 30 discontinued. Shanxi Province, an official told reporters, a few months ago to see a large number of coastal provinces in the textile export enterprises face difficulties, did not expect that now the Shanxi coal railway enterprises into this situation. Today, coal and zinc



presented "boring furnace phenomena," in fact is the current domestic production difficulties in a concentrated microcosm of enterprises. Currently, the domestic textile and apparel, real estate, cars, etc. influenced by the financial crisis the industry, in fact, emerged this "boring furnace phenomenon." "Stuffy furnace phenomenon" has become one of the major highlights of China's economic contradictions.



Like a side of the coin: on the state of "boredom furnace" in the enterprise, carry over the current difficulties and usher in market recovery, the fire will be renewed, companies will usher in a new development; and carry not the past, the fire goes out before you can not ignite, so companies have to bear to close down.



"These companies fall into financial difficulties, the international financial crisis on China's real economy impact of the specific embodiment." Luoyang City, Henan Development and Reform Commission director Sheng-Ping Li said, "These companies are faced severe challenges in their 'winter' to adhere to waiting for the market 'spring'. "



Alarm sounded: "boring furnace phenomenon" reflects the industry ills thought-provoking



Current large number of enterprises shows the "boring furnace phenomenon", of course, caused mainly due to financial crisis, but a detailed analysis from which it also reflects the existence of some industries in the development of the common "shortcomings", which introduces extra lessons reflection.



"Cool-headed analysis of the current predicament, partly also because the past few years the steel industry overcapacity, the result of blind investment overheating.

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