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近几年来,钢铁企业的经营一直面临很大压力,包括产品价格下跌、产能过剩和环保问题等。在这种情况下,企业亟需进行有效的套期保值。套期保值是国际上非常普遍的做法,国际衍生品协会做过一项调查,财富世界500强企业中94%的企业都使用了套期保值。中国的衍生品市场中,铁矿石期货、铁矿石掉期、螺纹钢期货、焦炭期货等逐步完善,为套期保值创立了良好的条件。企业如果能很好地利用套期保值工具,将会拥有一个面对严酷市场环境的有效武器,帮助企业生存下来,迎来下一个春天。有人会问:眼下对于钢铁企业来讲,生产成本很往往高于销售价格,此时套保还有意义吗?在行
In recent years, the operation of steel companies has been under great pressure, including falling product prices, overcapacity and environmental problems. Under such circumstances, enterprises need to carry out effective hedging. Hedging is a very common practice in the world. According to a survey conducted by the International Derivatives Association, 94% of Fortune 500 companies use hedging. China’s derivatives market, iron ore futures, iron ore swaps, rebar futures, coke futures and other gradually improved, hedging has created good conditions. If enterprises can make good use of hedging instruments, they will have an effective weapon in the harsh market environment to help enterprises survive and usher in the next spring. Some people will ask: Right now for the iron and steel enterprises, the production costs are often higher than the sales price, hedging at this time there is meaning?