"The key steel enterprises are expected to achieve a profit of 20 billion Yuan this year."said CISA vice-chairman Wang Xiaoqi who participated in the "Thirteenth China Steel Raw Materials International Seminar". Domestic large and medium steel enterprises have realized a profit of about 8 billion yuan from January to August. According to CISA statistics, key steel enterprises at home have accumulatively realized sales revenue of 3544.11 billion yuan in 2012, down 4.31%; realizing a profit of 1.581 billion yuan, down 98.22% year-on-year.

A reporter with the "Economic Information Daily" understand that the steel industry lossed 0.699 billion yuan compared with June; the overall busniess case of the steel industry began to make it better in July and reached a new high this year. According to the CISA previous statistics,the profit of large and medium steel enterprises at home is 4.943 billion yuan from January to July, among which there are 30 losing enterprises in the 86 large and medium steel enterprises incorporated Steel Association statistics,but the actual losses of losing enterprises has been reduced to 11.9 billion yuan, down losses of 5.6 billion yuan year-on-year.

"Ouick up and slow down in the upstream ore price,race-to-the-bottom in the downstream steel prices is the main reason for steel enterprises which run into trouble." Wang Xiaoqi told to the reporter with "Economic Reference News". It is understood that the main reason for a pickup of the steel industry stems from rebound in prices and market stability. In July crude steel output reached 65.47 million tons, down 2.02% than last month.Under the double led of the market and output, the steel market represented a wave of sustained rebound in prices since July. By the late August, the rebound margin of the main steel  reached above 200 yuan / ton, amount of increase in 6% around. On the other hand, an investment in the real estate and fixed assets all stabilized, besides key downstream steel industry also picked up.For example,major product output of mechanical industry partly speeded up rapidly, some decreasing amplitude decline narrowed.

However, there are also many insiders who thought that it is still not easy for steel enterprises to get a profit in the fourth quarter.The pressure mainly came from the high yield and crude fuel with high costs. It's particularly worth noting that a rise in the steel prices caused iron ore and other raw materials prices to go up. once the steel output increased, the price will continue to exist a big "down"risk.