日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Industries

Recyclers struggle amid economic slowdown

By Du Juan (China Daily) Updated: 2012-06-07 09:49

China's economic slowdown has made conditions in the recycling industry so bad in recent months that some in the industry are finding it hard to stay afloat.

"It is a tough year for the recycling business," said Dong Qinghua, a self-employed recycler in Beijing, who has worked in the business for more than 20 years. "It is harder to find both sellers and buyers."

He said profits from the scrap iron recycling business are only half of what they were a year ago.

He said he could make a 20 yuan ($3.20) profit from selling a ton of scrap iron last year, but "now I can only make 10 yuan".

He now pays about 2,000 yuan for a ton of scrap iron and sells it to steel mills. The unit price was about 3,000 yuan a ton last year.

The last month was especially difficult for him. He said he could only buy between one and two tons of scrap iron in May.

"I used to buy hundreds of tons of scrap iron a day in September when we had good business and worked long hours at that time," he added.

Recycled iron prices are influenced by steel prices. Since October, steel prices have been falling and inventories have been building up at many domestic steel producers.

The slowing economy, which has reduced steel demand, has influenced self-employed recyclers and waste recycling companies.

Beijing Hongda Weiye Recycling said the price for a ton of scrap iron is 2,600 yuan to 2,700 yuan, down 12 percent year-on-year.

Zhang Wei, the company's manager, said prices for new steel are falling, with scrap iron prices following the trend.

"The oversupply situation is really bad now in steel mills," he said. "Prices will probably continue to fall."

He said many recycling companies are getting out of the industry this year because of the slowing economy, and his company has also been hurt.

"Profit is down 75 percent so far this year, so we have to depend on volume," he added. "Employees' salaries have not been raised in the last year."

Guanniufang Waste Recycling said its business volume was down 50 percent compared with last year.

Huo Jian, the company's purchasing and sales manager, said the decline in construction projects is a major cause of the contraction in the scrap iron sector.

Rising demand for steel and other fabricated metals drove up prices after the financial crisis in 2008 and business boomed. Companies entered the market quickly at a large scale.

However, when the government imposed curbs on the real estate industry, scrap iron prices started to fall. And the slowing economy is a real challenge for the sector.

dujuan@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产第一福利 | av网址在线 | 色播导航| 黄色网址视频在线观看 | 五月激情开心网 | 免费又黄又爽又猛大片午夜 | 午夜秋霞网 | 国产一区二区在线观看视频 | 亚洲第一视频网站 | 精品国产中文字幕 | 中文字幕不卡 | 波多野结衣日韩 | 六月激情网| 免费污片网站 | 91国内在线| 天天综合精品 | 久久免费在线视频 | 在线看一区二区 | 国产成人亚洲精品 | 亚洲最大福利网 | 91在线精品李宗瑞 | 97久久国产 | 亚洲精品18在线观看 | 国产午夜久久久 | 中文视频在线 | 国产剧情久久久 | 欧洲在线| 国产一区二区三区中文字幕 | 日本www视频在线观看 | 中文字幕の友人北条麻妃 | 成年人视频在线观看免费 | 国产无遮挡又黄又爽 | 超碰夜夜| 九月色婷婷 | 99精品欧美一区二区三区综合在线 | 在线观看免费黄色 | 三级不卡视频 | 亚洲t v| 亚洲一二区视频 | 狠狠se| 激情九月婷婷 |