Hits:13202015-10-13 09:06:18
Seamless steel pipe industry downturn in the domestic steel prices continued to dip, steel prices trend has continued for 5 years and currently seamless tube is controlled in 1800 yuan/ton, price is below the cost price, iron and steel enterprises of widespread losses.Considering the main raw material of steel, iron ore prices drop is limited, the steel price is lower than the cost price, the possibility of future continue to plunge is very low, according to figures from the cisa, mid-september key iron and steel enterprise crude steel output of 1.6852 million tons, ten-day rose 2.28%, but the early August and mid-august fell by 0.31% and 0.31% respectively.Although early September end of implementing environmental protection measures, but in the case of steel prices lower, deepening losses, steel production is limited, late domestic seamless steel tube production or will remain at a relatively low level.Liu xinwei, an analyst said in an interview with Beijing commercial daily reporter, this year China's steel prices have fallen by about 40%, its biggest decline in recent years.Steel prices fell influenced by multiple factors, on the other hand, although China's steel production this year has decreased, but the overall or excess;On the other hand, affected by the economic slowdown, weak demand side."Overcapacity, actually slowing demand side is the main reason of causing prices to fall."
Customs data also proves that the industry downturn, China's imports of iron ore in August of 74.12 million tons, dropped sharply from the previous month, 11.98 million tons of monthly imports a new low since march this year, fell 1.02% year on year.Analysts pointed out that influenced by weak demand and industry continuing losses, production rhythm is the slowdown in the iron and steel enterprise, production will increase.Recent seamless tube plant raw material inventory rising at the same time, continue to purchase intention is abate, the late domestic steel production is unlikely to cause a significant rebound.Specific terms, in September the index of major component in addition to the supplier delivery time index, 11 other component in all below 50% from the line, this is very rare in the past, according to the steel industry production, purchasing, sales, employee activities such as comprehensive contraction, the boom of industry is quite weak.Continue long cold winter has yet to see the end of steel pipe industry.Content in al steel logistics professional committee recently published a report pointed out that iron and steel industry in September PMI index was 43.7%, fell 1% last month, the end of the previous two months of recovery, has 17 consecutive months at below 50% from the line.In the terminal depressed demand, industry of funds cannot alter the situation, the domestic steel prices will dip in October.http://www.lctrgg.com
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