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WSA says that China’s steel demand will grow 7.8% this year

WSA says that China’s steel demand will grow 7.8% this year

On October 15, The World Iron and Steel Association released the short-term steel demand forecast results for 2019 and 2020.China’s steel demand is forecast to grow 7.8 percent to 900.1 million tons in 2019, while the rest of the world’s demand is expected to grow 0.2 percent to 874.9 million tons. China’s steel demand is expected […]

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International steel city peak season is not prosperous ,countries expect the bottom of the steel mill pick up

International steel city peak season is not prosperous ,countries expect the bottom of the steel mill pick up

Recently by Formosa steel plant hejing, India and Russia and other places under the impact of hot rolling prices, the international steel city is suffering from “turbulence attack”, resulting in the steel city “peak season is not flourishing”. In response, Sinosteel chairman Weng Zhaodong said that at present China, Japan and South Korea steel mills […]

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Lgmi: September PMI for steel circulation industry 50.2 peak season demand volume led to a rebound in the industry

Lgmi: September PMI for steel circulation industry 50.2 peak season demand volume led to a rebound in the industry

Lange steel cloud business platform statistics released in September 2019 steel circulation industry PMI total index is 50.2, up 2.5 percentage points from the previous month.From the sub-index, the 10 sub-indexes that constitute the PMI of the steel circulation industry rose 5 points, 4 points fell 1 level, among which the sales volume, selling price, […]

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Hebei region mainstream pipe factory join the production limit to postpone the market pressure of supply and demand welded plating pipe price can be firm?

Hebei region mainstream pipe factory join the production limit to postpone the market pressure of supply and demand welded plating pipe price can be firm?

Guide language: at present hebei area tube factory production limit strength is increased.Tangshan area pipe plant production limit of 50%, individual full stop;Handan, hengshui limit 30%.All medium heavy goods vehicles in north China will be restricted to odd-even license plates throughout the day. Raw materials, today tangshan narrow band more stable than yesterday, the market […]

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Please continue to pull up @national day before hot rolling market

As September draws to a close, the domestic hot rolling price has been suppressed again and the rise has been restrained.Business mentality slant empty, steel production week flat.Eleven will come, the environmental protection around the production limits one after another, for eleven weeks before the price may form a certain drive, but after the National […]

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Environmental production limit is expected to tighten steel prices again

Environmental production limit is expected to tighten steel prices again

September 23, rebar after last week after the strong rebound.Up to that day afternoon close, rebar main 2001 contract up 3.60% to 3510 yuan/ton.The main hot coil 2001 contract also rebounded, up 2.99% to 3509 yuan/ton.For the rise in the market, most market people have said that the main decline in steel inventory and environmental […]

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Lgmi: excellent steel plant inventory has increased and decreased, it is estimated that the factory is stable for the second half of the main keynote

Lgmi: excellent steel plant inventory has increased and decreased, it is estimated that the factory is stable for the second half of the main keynote

Guide language: today’s domestic special steel market price leading region is stable.News surface, today the federal reserve announced the results of the second rate cut this year, the federal funds rate target range will be lowered by 25 basis points to 1.75% to 2%, the us economic growth is lower than the market expected, domestic […]

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Commerce Department: September 2 solstice 8 steel prices rebound slightly

Commerce Department: September 2 solstice 8 steel prices rebound slightly

The latest news from the ministry of commerce: last week (September 2, solstice, 8) steel prices rose 0.6% month-on-month, ending six consecutive weeks of decline.Among them, the price of rebar, high-speed wire and ordinary plate is 3,974 yuan/ton, 4,103 yuan/ton and 4,103 yuan/ton respectively, which increased 0.9%, 0.9% and 0.3% respectively. Ministry of commerce believes […]

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