Seamless Steel Pipe Loss Increased - News - Cangzhou Junde Steel Pipe Co.,Ltd

May 19, 2017

China Iron and Steel Industry Association, the latest statistics show that in mid-January the focus of iron and steel enterprises in daily crude steel production fell 5.09% to 169.41 million tons, the ring to reduce the decline of 91,000 tons, a record nearly 2-month high. Industry insiders said that this is the recent decline in steel prices to expand, corporate profits by squeezing, coupled with lack of off-season demand, steel mills overhaul caused.

Data also show that as of mid-January, the focus of corporate steel stocks 14.7626 million tons, the chain increased by 1.126 million tons, an increase of 8.25%, indicating that the market still exists a large supply pressure The

China Iron and Steel Industry Association Vice President Qu Xiuli January 29 revealed that although in December 2014 the focus of steel enterprises profit of about 6 billion yuan, but if deducted investment income, the main steel industry is still a loss; in January this year with steel prices Expansion, steel profitability is not optimistic.

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