男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Industries

Dark days for coal industry as glut worsens

By Du Juan (China Daily) Updated: 2015-06-05 07:45

Dark days for coal industry as glut worsens

Workers at a coalmine in Huaibei, Anhui province. Some leading coal companies have decided the best way to survive from overcapacity is to diversify into other sectors. [Yan She/China Daily]

Zhang Fan, a former gauger with a coal company in south-central Hebei province's Yuanshi county, decided he needed a new job after having his salary more than halved to around 2,000 yuan ($323).

The salary cut was the result of a severe overcapacity in China's coal production, and a gloomy economy leading to shrinking industrial demand, which has left 80 percent of domestic coal companies languishing in the red.

Zhang, who declined to name his previous employer, said he used to make more than 5,000 yuan a month plus a year-end bonus based on performance.

"It is hard to live on 2,000 yuan if you have a family," he said.

"It was time to change career, just as the coal industry itself now needs drastic transformation."

Zhang said the salaries of coal miners have not been reduced to the same extent, because it is hard to recruit people with that kind of skill and experience.

However, the number of mine shafts in use has been reduced because of production suspensions and drops in output as demand remains weak and coal prices continue falling.

At the height of Yuanshi county's coal industry, there were more than 1,000 mining companies.

Now there are less than 80, says Liu Dongna, a coal analyst with Shandong-based commodities consultancy Sublime China Information Group Co Ltd.

She said many went bankrupt and the surviving firms are losing money or struggling to break even.

Hebei accounts for a quarter of China's steel output, and coking coal, one of the key components in the production of steel, was the province's main industrial product.

"The price of coking coal used to be about 1,100 yuan a metric ton in 2013, but that's dropped to less than 300 yuan," she said.

"Except for a few large coal producers such as Shenhua Group and China National Coal Group Corp, all the other coal companies are losing money."

One of the main reasons for the industry's decline is a supply glut.

According to China National Coal Association, the nation produced 850 million tons of coal in the first quarter of the year, a 3.5 percent drop year-on-year, but national coal sales declined 4.7 percent to 800 million tons.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 耒阳市| 阿巴嘎旗| 通许县| 兴海县| 泾源县| 锦屏县| 安平县| 密云县| 古交市| 寻乌县| 明光市| 运城市| 克拉玛依市| 广西| 澄江县| 上栗县| 包头市| 临泽县| 永顺县| 夏津县| 古交市| 三明市| 姚安县| 岢岚县| 周口市| 会泽县| 大荔县| 河曲县| 岳西县| 中山市| 江达县| 贵德县| 岚皋县| 瓮安县| 班戈县| 温宿县| 枣强县| 皮山县| 罗田县| 万年县| 逊克县|