Financial Risk Control Of A Steel Company

Iron and steel industry as one of the pillar industries of the national economy, and its relation to the overall quality of the development process of China's industrialization, but also have a profound impact on the current development trend of the overall economic development of the country. With the global economic integration process, the financial crisis to develop in depth, the external environment has undergone dramatic changes in the market economy, China's steel industry has been unprecedented impact, a large number of small and medium sized steel enterprises bankruptcy reorganization.Although the state has issued the relevant macro-control policies, to some extent alleviate the supply and demand of the steel industry overcapacity situation has improved, steel companies to obtain a corresponding increase in economic efficiency.However, the current development of the national economy is still in a down cycle, the steel industry is still a low-profit industry.Iron and steel enterprises widespread structural imbalances assets, shortage of funds, financing system imperfect, seriously affecting their survival and development.How to effectively control the financial risks of iron and steel enterprises is an urgent need to address the issue, but also iron and steel enterprises can be sustained and stable development of the key.Therefore, to enhance the study of iron and steel enterprise financial risk control, help steel companies to build out of the woods early development.Based on the existing domestic and international research, describes the background and significance of the subject, analyze and summarize the existing research results, elaborated financial risks related basic theory of internal control and financial aspects of early warning.A steel company by the current situation of financial risks, problems and analyze and identify the causes of, and use the improved efficacy coefficient method for financial risk early warning A steel companies analyzed, evaluated the A steel company's current financial risk profile.Finally, A steel company's unique financial risks and risk control aspects of the problem, in the front control things in control, after the control point of view are proposed corresponding financial risk control measures, to the continuing downturn in the steel industry in the state, a steel companies to make effective financial risk averse, their invincible play a positive role in boosting the fierce market competition, and ultimately achieve a steel companies to improve profitability, increase economic efficiency.