soso
/
/
/
Steel prices have stabilized and adjusted within a narrow range, and there is not enough room for decline

Steel prices have stabilized and adjusted within a narrow range, and there is not enough room for decline

  • Categories:Industry Trends
  • Author:
  • Origin:
  • Time of issue:2021-08-25 09:02
  • Views:

(Summary description)Steel prices are gradually showing signs of stabilization, but transactions have not improved; this week is about to usher in the June economic data release period, which is expected to be good, and Eastern China, southern China and other places will gradually get out of the rainy season, then how will steel prices operate? ? The author believes that in the case of positive long-term and limited short-term real demand, steel prices will continue the entangled trend of ups and downs, and there will be no obvious changes. Last week, domestic steel prices stabilized as a whole, some of them rose and fell slightly, and the market reported that transactions were relatively sluggish; some merchants took advantage of favorable factors to try to increase prices and deliver goods at low prices, but the results were mediocre.

Steel prices have stabilized and adjusted within a narrow range, and there is not enough room for decline

(Summary description)Steel prices are gradually showing signs of stabilization, but transactions have not improved; this week is about to usher in the June economic data release period, which is expected to be good, and Eastern China, southern China and other places will gradually get out of the rainy season, then how will steel prices operate? ? The author believes that in the case of positive long-term and limited short-term real demand, steel prices will continue the entangled trend of ups and downs, and there will be no obvious changes. Last week, domestic steel prices stabilized as a whole, some of them rose and fell slightly, and the market reported that transactions were relatively sluggish; some merchants took advantage of favorable factors to try to increase prices and deliver goods at low prices, but the results were mediocre.

  • Categories:Industry Trends
  • Author:
  • Origin:
  • Time of issue:2021-08-25 09:02
  • Views:
Information

Steel prices are gradually showing signs of stabilization, but transactions have not improved; this week is about to usher in the June economic data release period, which is expected to be good, and Eastern China, southern China and other places will gradually get out of the rainy season, then how will steel prices operate? ? The author believes that in the case of positive long-term and limited short-term real demand, steel prices will continue the entangled trend of ups and downs, and there will be no obvious changes. Last week, domestic steel prices stabilized as a whole, some of them rose and fell slightly, and the market reported that transactions were relatively sluggish; some merchants took advantage of favorable factors to try to increase prices and deliver goods at low prices, but the results were mediocre. Terminal demand is still limited by practical factors such as capital, climate, and under-start. The willingness to purchase is not strong, and the mentality of continuing to wait and see is heavier. However, spot merchants have no idea of ​​lowering prices at this time, and steady consolidation is the mainstream operation. Steel prices were stable and adjusted within a narrow range, and there was insufficient room for decline, and tentative rebounds were also blocked; demand did not improve after July, terminal demand rebounded weakly, and the overall shipment situation was resolutely resisting the trial of steel prices. Sexual rebound. The pattern of strong steel supply and weak demand will continue, restricting steel prices from rebounding. Although it is in the off-season, steel mills continue to increase production driven by profits. In mid-June, the crude steel output of key steel enterprises hit a record high, which continues to bring potential supply pressure; but fortunately, exports can still share the pressure of internal consumption. , And agents continue to maintain light inventory operations due to tight funds and high risk aversion, resulting in limited resources in the spot steel market. There are still specifications and resource shortages, which support steel prices to a certain extent. However, the downstream demand has not yet improved. The decline in the manufacturing new order index indicates that future production activity will decline, and the rainy season continues, continuing to limit the construction progress of outdoor projects, and the terminal on-demand procurement operation mode makes the spot market appear more Plain, this pattern is difficult to change during the male period. Comprehensive view: The price of 304 stainless steel sheet steel is currently in an embarrassing position. The price has fallen to the bottom and it is difficult to break, and it is unwilling to continue to fall; and stable growth has been strengthened, the economic environment has improved, the rebound of futures steel and the rebound of costs have been correct. The steel price has played a role of volley support and it has become more obvious that it has reached an unstoppable bottom. However, it is also difficult to rebound. The light trading atmosphere in the spot market shows that terminal demand has not changed; the cautious purchasing attitude of downstream companies greatly limits the courage of merchants.

More Information

Free forgings and die forgings are an important class of stressed structural parts and high-precision technology products. China has become the world’s primary power in aluminum forging production. Southwest Aluminum (Group) Co., Ltd. and Northeast Light Alloy Co., Ltd. produce 5m and The 9m-class large forged ring not only meets the needs of the development of China's aerospace industry, but also batches of other aluminum alloy forgings are installed on thousands of Boeing planes. The parts are qualified and there has never been a quality accident.
Dongguan Qishi Yongfa Metal Products Factory is the first enterprise specialized in the production of argon arc welded stainless steel pipes in Dongguan, which is affiliated to Xingye Metal Materials Co., Ltd., with an annual production capacity of 30,000 tons. The products sell well in many provinces and cities across the country and are exported to many countries.
The price of imported iron ore has soared, and domestic iron ore companies are booming. Iron and steel companies that use iron ore as raw materials feel pressured. In order to absorb the cost of price increases, steel companies have raised product prices and use steel as raw materials downstream. Enterprises are all rumblings. In this industry chain, power equipment manufacturers that have suffered from raw materials for a long time reacted particularly strongly.
In recent years, the chromium-manganese 200 series nickel austenitic stainless steel has developed rapidly in China, and its market share has also increased year by year. However, it is particularly important to note that because 200 series stainless steel can only be used for general purposes that are resistant to weakly corrosive media, its performance cannot completely replace 300 series stainless steel.
The domestic stainless steel strip market trend is obviously stronger than that of steel, especially the relatively strong performance of imported mines, and the call for price increases of coke has been high. However, as steel prices gradually approached the marginal cost of steel mills, the purchasing enthusiasm of steel mills weakened. After the second half of the month, the trend of the raw material market began to weaken, billet and scrap fell relatively sharply, and the prices of imported iron ore and coke also eased at the end of the month. Due to the sluggish demand in the steel market during the off-season, steel prices have also been declining. Steel mills have reduced production and increased maintenance, which has a greater impact on the prices of raw materials. In fact, the prices of raw materials are still stable except for iron ore. Both have fallen sharply.
DongGuan XingYe Metal Material Co., Ltd.

Add.: Dongshan Village, Qishi Town, Dongguan, Guangdong, China
Tel: +86-769-86788393
Fax: +86-769-86788394
E-mail: 605499456@qq.com 

Copyright© 2021  DongGuan XingYe Metal Material Co., Ltd.  All rights reserved       Powered by www.300.cn

Copyright© 2021 DongGuan XingYe Metal Material Co., Ltd.  All rights reserved

    Powered by www.300.cn

搜索
Search