Cangzhou Junde Steel Pipe Co.,Ltd
Add: South of Qiantong Road, Cangzhou City, Hebei, China
Contact us:Sunny Yang
Commentary on the HRC: Today's increase in domestic heat volume has increased, and the market price has been at a relatively high level and the transaction volume is relatively good. At present, the inventory of the domestic hot coil market basically shows a downward trend. In the market, China and the United States have released signals to restart negotiations. The Sino-U.S. trade war may have a turn for the better; the “13th Five-Year Plan” for steel production capacity can achieve its goal ahead of schedule this year. In the past two years, the country’s steel production capacity has reached 120 million tons, which was completely eliminated last year. The “ground strip steel” with a capacity of about 140 million tons, this year’s government work report proposes to reduce the steel production capacity by about 30 million tons. If this goal can be achieved by the end of the year, it is expected that the “13th Five-Year” target for capacity reduction may be ahead of schedule this year. achieve. In summary, it is expected that the prices of domestic hot coil market will be dominated by consolidation operations in the short term.
Today ,Becasue the HRC price increased , our SSAW Pipe and ERW Pipe price increased 50 CNY per Ton
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