Galvanized steel pipe market still has downward space

The inventory of galvanized pipe market keeps a low level all the year round, especially the annual stock of the market is less than 150000 tons, 1 / 2-2 / 3 less than before. Especially in the case of continuous drop in the market price of steel strip, the sales market of steel strip is in chaos. However, the East China steel market has been in a state of depression since 2011, especially the number of strip steel enterprises has decreased year by year, and the number of strip steel merchants in the leading market has decreased by 7 / 8 compared with the peak period; although this year has increased, most of the newly established companies are operating in a variety of varieties. This year, the inventory of Wuxi strip steel market is between 150000 tons and 200000 tons, with large customers mainly focusing on pallets, and spot goods are mainly concentrated in small and medium-sized enterprises. Due to the continuous decline of market price and high financing cost, the galvanized pipe market has been in a downturn for a long time. The problem of capital has existed for a long time, and it is difficult to eliminate in the short term, and it is becoming more and more serious. “After the collapse of steel cost caused by the collapse of iron ore, the steel pressure has not been fully released under the background of high profits and high output of steel mills, and coking coal and coke as raw materials will be dragged down.” Zhang Yuan is also not optimistic about black. “Domestic iron and steel enterprises are now short inventory, iron ore prices fell sharply, so that many domestic enterprises’ production costs have dropped significantly.” Zhang Jiabin, a senior analyst, says that some enterprises that have not made profits for several years are now making profits. “Domestic iron and steel enterprises are now short inventory, iron ore prices fell sharply, so that many domestic iron and steel enterprises production costs have dropped significantly.” Zhang Jiabin, a senior analyst, says that some enterprises that have not made profits for several years are now making profits.


Post time: Nov-09-2020