今年以来,随着“地条钢”的出清和化解过剩产能的推进,钢铁行业的供给结构改善,行业利润有所好转,2017年1-5月,中国钢铁工业协会会员企业实现利润405亿元。站在金融的视角,我们说,钢厂是生产利润的天然多头。那么钢厂在利润丰厚的时点,如何锁定较长期限的利润,是一个值得探讨的话题。或者说,利润的套期保值可以帮助钢厂实现更好的平稳经营。 Since the beginning of this year, with the clearing of “ground steel” and the improvement of excess capacity, the supply structure of the steel industry has improved and the industry profit has improved. From January to May 2017, the profit of members of China Iron & Steel Association was 405 100 million yuan. From a financial perspective, we say steel mills are natural bulls who make profits. Then the steel mills in the lucrative time, how to lock in longer-term profits, is a topic worth exploring. Or, the hedging of profits can help steel mills to achieve a better smooth operation.