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Stainless steel belt market supply pressure is expected to slow modestly - Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-11
Steel price trend is not optimistic, yesterday is still a weak downward and regional stability.
On the one hand, near the end of the month, merchants fund pressure, not too willing to sale, and the recent the arrival of the goods is less, so little stainless steel belt inventory pressure;
Rainy weather, on the other hand, clinch a deal, which leads to the market at a low price competition is intense, merchants a quick profit taking.
Overall, the national steel inventories in the last two weeks are a small rebound, the current inventory level was only 4 over the same period last year.
59%, part of the market inventory levels over the same period last year.
According to a recent affected by the national wide range of high temperature rain weather, originally weak domestic demand for hong kong-listed performance more depressed, in the case of steel mills cut production is still not clear, all inventory supply pressure is increased.
Analysts Qiu Yuecheng think, however, from all previous prospective of the influence of rate cuts on the spot market, generally difficult to have an immediate effect, the loan interest rate has been basically realize marketization, Banks have generally limit lending to steel industry background, decrease must cut interest rates on steel market funds is difficult to form a real ease tense situation, the spot steel prices remain to be the continued easing policy cumulative effect can bring the real domestic demand for hong kong-listed better.
in our economic growth from the high speed to high speed, stainless steel with the essence of which is to replace the old with the new balance balance. But now this new balance not established, is driven by supply and demand on the total amount and structure of rebalancing. Under the new normal, sharply down demand growth in the supply by the high-speed growth of inertial thinking, banking marketization reform does not reach the designated position, local protectionism, the influence of such factors as adjusting speed is slow. The traditional industry, in particular, demand big shrinkage, and maintain a high capacity, forming serious oversupply situation. Recent continuous ore steel has been different in March, steel prices fell sharply 16%, ore prices rose sharply 27%, enterprise has been the industry losses, at the latest raw material cost calculation section mills losses of more than 300 yuan/ton, have fallen to below the marginal cost. Since mid to late June announced production maintenance of steel plant has more and more, liuzhou iron &steel group co. are presented. the day, masteel, baotou steel, steel, and other large steel plant of anyang iron &steel co in the blast furnace densely arranged inspection, hebei, jiangsu steel blast furnace capacity decline gradually. In July as the year repayment pressure relief, steel mills will be more consideration to the impact of losses to the enterprise management, a significant increase in the scope of steel production is expected to market supply pressure is expected to slow modestly stainless steel belt.
in our economic growth from the high speed to high speed, stainless steel with the essence of which is to replace the old with the new balance balance. But now this new balance not established, is driven by supply and demand on the total amount and structure of rebalancing. Under the new normal, sharply down demand growth in the supply by the high-speed growth of inertial thinking, banking marketization reform does not reach the designated position, local protectionism, the influence of such factors as adjusting speed is slow. The traditional industry, in particular, demand big shrinkage, and maintain a high capacity, forming serious oversupply situation. Recent continuous ore steel has been different in March, steel prices fell sharply 16%, ore prices rose sharply 27%, enterprise has been the industry losses, at the latest raw material cost calculation section mills losses of more than 300 yuan/ton, have fallen to below the marginal cost. Since mid to late June announced production maintenance of steel plant has more and more, liuzhou iron &steel group co. are presented. the day, masteel, baotou steel, steel, and other large steel plant of anyang iron &steel co in the blast furnace densely arranged inspection, hebei, jiangsu steel blast furnace capacity decline gradually. In July as the year repayment pressure relief, steel mills will be more consideration to the impact of losses to the enterprise management, a significant increase in the scope of steel production is expected to market supply pressure is expected to slow modestly stainless steel belt.
