A Construction Company Steel Price Fluctuation Risk Analysis And Coping Strategy Research

Construction industry as a pillar industry of China's national economy,the development of the construction industry has an important impact on the development of China's economy,but the profit of the construction industry is low,its own development itself is facing a certain risk,in recent years,with the development of the Times,in the national implementation of the capacity to inventory The price of raw materials in the construction industry fluctuates greatly,with the acceleration of globalization,the price of raw materials in China's construction industry has increased to the extent of international influence,trade friction has increased the price fluctuation of raw materials,the construction industry is facing a significant increase in the price risk of raw materials,of which,steel price fluctuations are the most huge.Steel as the main building materials in the construction industry,the largest amount,the highest unit price,construction enterprises need to manage the price of steel,avoid steel price risk,for construction enterprises how to manage the risk of price fluctuations is necessary.On the basis of reviewing the relevant research results of scholars at home and abroad,this paper first collates the relevant theoretical bases involved in this paper,including the theory of enterprise risk management,hedging theory and the related theory of risk management using derivative tools,and secondly,analyzes the present situation of steel price risk management in A construction company,Company A is also exposed to the risk of steel price fluctuations,but company A currently controls the risk of steel price fluctuations there are shortcomings;Finally,combined with A Company's price risk management status put forward A company Transport Futures hedging program,and A Project Hedging program model implementation,The price movement before and after implementation is compared to specify the effect of hedging scheme,and the design of hedging scheme also provides reference for other construction enterprises to carry out the risk management of steel price fluctuation.