After the 4 trillion yuan investment plan of the central government was announced, local governments successively announced positive policies to stimulate local demand. These policies have undoubtedly greatly stabilized market confidence, but the lagging effect of policy effects has caused the substantive recovery of steel market demand to still wait.
According to Lange Steel's tracking of the steel market, the domestic steel market basically maintained stable operation this week. At present, there is no clear signal of market demand. However, guided by active policies, the business mentality has stabilized and the market has a strong wait-and-see mood.
Chen Kexin, a senior expert at Lange Steel, stated that steel companies and downstream industrial chain companies have been in stock. The inventory of the real estate industry, which accounts for 25% of steel demand, increased by 112.153 billion yuan as of October. Even if Vanke is no longer new, the current inventory is enough to sell for 22 months. It also takes 36 months for Poly Real Estate to digest existing stocks.
A considerable number of listed steel companies account for more than 30% of total assets. Judging from the published data, the stock of Great Wall shares accounted for 56% of the total assets, and the proportion of the total assets of Nanjing Steel and Guangzhou Steel accounted for more than 40% of the total assets. Iron and steel enterprises quickly digested high inventory to achieve cash flow turn into an urgent problem. Wuhan Iron & Steel’s in-plant inventory reached more than 800,000 tons in October, and Baosteel’s inventory value in the third quarter also reached 52.14 billion yuan.
Chen Kexin believes that although the iron and steel industry in October has already cut production and limited production prices on a large scale, seasonal demand has fallen as winter approaches, and even if domestic major steel mills, distributors, and downstream users can digest inventory, demand will also show weakness. city.
After the iron ore market fell over two months, it was stimulated by the macro adjustment policy in November. The market showed signs of recovery and the market price generally rose by 20-30 yuan. However, data on iron ore raw ore production and ore imports in October showed that the supply was high. Sun Ming, an analyst with Lange, said that before the demand actually improves, the iron ore market is still dominated by digesting inventory.
Although some small and medium-sized steel mills in Hebei and Henan province began to resume production in the recent period, the steel market quotation rose slightly due to the demand from the surrounding market in East China; however, the current steel market demand is still deserted, and purchasers’ willingness to purchase is not strong. The manufacturers did not appear to have heavy cargoes. Steel traders generally did not accept the goods. After a certain number of products with a shortage of specifications gradually increased after the arrival of steel mills, market prices returned to decline. Steel traders are still not optimistic about the trend of the year before.
According to Lange Steel's tracking of the steel market, the domestic steel market basically maintained stable operation this week. At present, there is no clear signal of market demand. However, guided by active policies, the business mentality has stabilized and the market has a strong wait-and-see mood.
Chen Kexin, a senior expert at Lange Steel, stated that steel companies and downstream industrial chain companies have been in stock. The inventory of the real estate industry, which accounts for 25% of steel demand, increased by 112.153 billion yuan as of October. Even if Vanke is no longer new, the current inventory is enough to sell for 22 months. It also takes 36 months for Poly Real Estate to digest existing stocks.
A considerable number of listed steel companies account for more than 30% of total assets. Judging from the published data, the stock of Great Wall shares accounted for 56% of the total assets, and the proportion of the total assets of Nanjing Steel and Guangzhou Steel accounted for more than 40% of the total assets. Iron and steel enterprises quickly digested high inventory to achieve cash flow turn into an urgent problem. Wuhan Iron & Steel’s in-plant inventory reached more than 800,000 tons in October, and Baosteel’s inventory value in the third quarter also reached 52.14 billion yuan.
Chen Kexin believes that although the iron and steel industry in October has already cut production and limited production prices on a large scale, seasonal demand has fallen as winter approaches, and even if domestic major steel mills, distributors, and downstream users can digest inventory, demand will also show weakness. city.
After the iron ore market fell over two months, it was stimulated by the macro adjustment policy in November. The market showed signs of recovery and the market price generally rose by 20-30 yuan. However, data on iron ore raw ore production and ore imports in October showed that the supply was high. Sun Ming, an analyst with Lange, said that before the demand actually improves, the iron ore market is still dominated by digesting inventory.
Although some small and medium-sized steel mills in Hebei and Henan province began to resume production in the recent period, the steel market quotation rose slightly due to the demand from the surrounding market in East China; however, the current steel market demand is still deserted, and purchasers’ willingness to purchase is not strong. The manufacturers did not appear to have heavy cargoes. Steel traders generally did not accept the goods. After a certain number of products with a shortage of specifications gradually increased after the arrival of steel mills, market prices returned to decline. Steel traders are still not optimistic about the trend of the year before.
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