Steel prices limit insured cost line is conducive to hoarding

Posted by Wangkiky Wangkiky over 6 months ago

Although the price of steel has been declining recently, the fundamental condition of excess steel capacity has not changed. 2017 is a year of deepening and a crucial year for China's steel industry to go production capacity. The Chinese government plans to completely ban "strip steel" by June 30, 2017.[url=http://steelcoilsales.com/in-stock/7618.html]El Mejor Precio Tubo De Acero Inoxidable Cuadrado Con Buena Calidad[/url] Steel prices so sharply increased the average daily output of crude steel in China to resume, eventually creating a record high in March, the steel industry to face the production situation has once again become grim. Sensitive and volatile price swings have become the most scratching issue for steel companies, whose output has lost its way in such uncertainties. From our perspectives. This round of price decline actually exists in the evolution of the sequence. The first phase of the beginning of the supply deficit, demand is strong beyond the market expected, there has been a mismatch between supply and demand, the market have a good expectation. Immediately after the second phase, that is, after the Lantern Festival, with the normal operation of steel traders, the function of the intermediate reservoir became more active.[url=http://steelsheetsales.com/steel-sheet/9620.html]hot dipped galvanized historical price of steel[/url] If steel prices rise at the beginning of the year when steel mills are in existence for a long time, then the steel mills' attitude is hesitant because the previous situation is too harsh, the market outlook is not good and the profits are not high enough. Moreover, there is no capital In place. But a month later, these conditions are available. At last, the steel mills ran full steam ahead. In March, the output hit a record high. The pattern of supply and demand changed at this time, and the price returned to a breakeven state in April.[url=http://steelsheetprices.com/steel-coil/2396.html]0.3mm Thickness 430 AISI Stainless Steel Strip[/url]