Cangzhou Junde Steel Pipe Co.,Ltd
Add: South of Qiantong Road, Cangzhou City, Hebei, China
Contact us:Sunny Yang
Since June, some precision pipe enterprises have begun to cut production of precision steel pipe, with the increase in inventory pressure and the cost of upside down, steel production area continues to expand, Tangshan Iron and Steel, Wuhan Iron and Steel, Shagang, Panzhihua Iron and Steel and other large enterprises into the ranks of limited production. Wu Xichun said that in July the first 20 days, Steel Association member companies have 40% began to cut production. Looking at the world, precision tube Gangster CIS, the European Union, North American steel production cuts are continuing, China's July and August production is also a foregone conclusion.
China in mid-July precision tube production slightly lower than the previous month, continued since June down trend. Although steel prices since the end of April fell nearly three months later, in mid-July began to revive the trend. But the market by the high inventory, macroeconomic regulation and control and export and other factors continue to affect the precision of the market reversal still need time.
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