Iron ore "great crocodile" high profits domestic steel enterprises "lack of hope"

In stark contrast to the bleak operation of domestic steel mills, the iron ore "great crocodile" has a brilliant financial report. BHP Billiton, the Australian mining giant, released its fiscal year 2010-2011 report as of June 30, boosting net profit by $23.65 billion (approximately 151.1 billion yuan) for the entire fiscal year, boosted by rising iron ore prices. Compared with the previous fiscal year, the increase of 85.93 US dollars was 12.72 billion yuan; among them, the net profit for the first half of 2011 was 13.124 billion US dollars (about 83.86 billion yuan). Just the day before BHP Billiton released its annual report, the same fiscal year report released by Australia's third largest iron ore producer, FMG (Fortescue Metals Group), showed a net profit of $1.02 billion in fiscal year 2010-2011, a year-on-year increase of 76%. The China Iron and Steel Association issued a press release on August 2, saying that the steel producers with key statistics in the first half of this year realized a profit of 56.374 billion yuan, of which Baosteel Group achieved a profit of 11.133 billion yuan. Compared with the performance of the first half of this year, as the most profitable steel mill in China, Baosteel Group's profit is only one-eighth of BHP Billiton's profit. At present, it coincides with the period when the listed companies in the domestic steel industry publish semi-annual reports. However, compared with the iron ore producers mentioned above, the net profit of domestic listed steel enterprises can be described as “unpredictable”. On August 23, Wuhan Iron and Steel Co., Ltd. and Angang Steel Co., Ltd., a large domestic steel listed company, also released the 2011 semi-annual report. The net profit of WISCO in the first half of the year was 1.226 billion yuan, up 14.73% year-on-year; The profit was only 220 million yuan, a year-on-year decrease of 92%. According to data released by the Ministry of Industry and Information Technology on August 2, the steel industry realized a profit of 64 billion yuan from January to May 2011, and the sales profit rate continued to fall to 2.42% this year at the level of 7.26% in 2007. New low in recent years. According to the Ministry of Industry and Information Technology, China imported 334 million tons of iron ore in the first half of the year, an increase of 8.1% year-on-year. The average price was US$161/ton, up 42.4% year-on-year. “In the first half of this year, due to the increase in ore prices, steel companies paid an additional RMB 105 billion. Yuan.” Chinese steel mills with low profits did not cut production. According to the National Bureau of Statistics, China's crude steel output in the first half of 2011 reached 350.5 million tons, an increase of 9.6% year-on-year; the average daily production of crude steel was 1,936,700 tons, equivalent to an annual output of 707 million tons of crude steel. From the monthly situation, the daily output of crude steel per month exceeded the highest level of the previous year. It can be seen that the demand for iron ore in China in the later period may be worrying. FMG executives pointed out that China's credit tightening policy to control inflation has begun to ease the demand for iron ore to a certain extent. Analysts said that iron ore prices are likely to decline slightly in the fourth quarter.

Handheld Bidet Sprayers

What is Bidet Sprayer?

A bidet shower is a hand-held triggered nozzle that is placed near the toilet and delivers a spray of water used for anal cleansing and cleaning of the genitals after using the toilet for defecation and urination. The device is similar to that on a kitchen sink sprayer.


Is a bidet sprayer worth it?
Because they are hooked up directly to your plumbing system, they require professional installation, usually as part of a bathroom renovation. Veteran bidet users point out that the money you save on toilet paper means a bidet installation will fairly quickly pay for itself - and yes, they say, bidets are worth it!


How to Use a Hand Held Bidet Sprayer
1. Locate and grab the bidet sprayer next to the toilet.
2. Open the shut-off valve to allow water to flow to the sprayer.
3. The method of use for the hand held bidet becomes a personal choice.
4. Lightly squeeze the trigger on the nozzle to start spraying.
5. Check cleanliness with toilet paper.

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