Steel price rises sharply

The price of steel in Tangshan market rose overall, including #145 steel rose 40-50RMB. #3830-3840 to the mainstream, some manufacturers sold out. The steel rose 20-40 RMB, the mainstream industry #3870 angle 3950 slot 3850-3870, were more smooth. Sixteen steel plants produced 26 thousand tons steel before shipment. Steel pipe rose 50 RMB, hot plate rose 20 RMB, turnover volume. In the afternoon, the square billet price rose 50. As of 13:30, righteousness, and country prosperous billet Hongxing factory price 3600 yuan/ton; Rongxin 3600 yuan / ton, Xin factory agreement reached 3600 yuan/ton, 165 rectangular billet 3620 yuan/ton, 3700 yuan/ton low alloy billet. Futures, black futures rebounded strongly, creating a new high in history, today’s thread closed 3882 up 136, intraday high rose to 3899 since March 29, 2013, a new high, is expected to continue to rise night spiral. Hot 3897 rose 89. Iron ore closed 548.5, up 5.5. More than ten steel mills rose the steel price.This is good at conveyor idlers suppliers.
Steel prices will surge new heights. Steel demand in the second half or continue to exceed expectations.From the investment data, the real estate investment in steel demand has increased significantly. Real estate sales picked up in June. Again, the continued surge in sales of excavator sales, which has been considered unsustainable, has been expected to show that demand for infrastructure is stronger than expected. On steel demand growth in the first half than expected, the second half of the year or continue to exceed market expectations, the superposition of seasonal factors in the third quarter, demand marginal upward, this is a very powerful bullish factors for steel prices. In summary, the medium term, steel demand is still likely to occur than expected growth, especially after August, as the weather turns cool, seasonal demand rebound may lead to marginal demand better, and supply pressure or will be delayed until the fourth quarter to appear. Supply and demand side of the strong background, market sentiment, futures, premium, policy changes, etc., may become the fuse of the price rise, the third quarter of steel prices may still have a new high.It is a good signal for conveyor idlers suppliers.
The Ministry of environmental protection recently informed, to the company who don’t reach upgrade emissions standards, shall be closed electricity, water, clear before the end of September this year.The State Administration of work safety supervision also announced that 7-10 months to carry out inspections of safety in production, the 34 provinces and autonomous regions of China’s manufacturing plants will be “checked”, no one spared! Ministry of environmental protection, saws double crit! At present many manufacturers and suppliers were shut down for rectification! Some experts said that the second half of this year will be the most brutal six months of the manufacturing reshuffle. More people in the industry have big sigh: environmental protection storm is not extinguished, safety supervision storm again, this round of inspections, to force the industry reshuffle.It is a good signal for conveyor idlers suppliers.
The present pollution should be improved, and the improvement of the environment is correct! Environmental governance is for the benefit of the people, for the next generation. Before sacrifice on the economy, environmental protection, is the dominant direction out. To improve the environment, investment, both sides bear the costs, can not be forced to pressure in the enterprise, the government should also play. Before the enterprise for the development of society, have made a contribution. And should not be closed, and this movement type, stop, get jittery, but the government to help enterprises how to achieve the perfect rectification.


Post time: Nov-02-2021