With the continuous development of China's rising economic status and China's hardware industry, China's stainless steel tools, hardware requirements increase, stainless steel hardware products is also increasing exports to other countries, the increase in overseas demand directly stimulating the domestic foundry enterprises in China increase in the production of products. This also means that the booming industry of stainless steel hardware will be the development of the foundry industry to provide a solid market base.
Recently, the International Model Association Secretary-General Luo Baihui revealed that the domestic foundry business research and development of a new casting die casting die casting technology succeeded in breaking the monopoly of the advanced countries of the foreign casting die casting mold technology level of die-casting mold industry, The marks the the the the development of of the our country's die-casting mold industry but also usher in a new development, to occupation of the the the the the autonomy of R & D with the use of of the right to of of the high-end technology yes the the the the key to where the of the development of die-casting industry. In this regard, to some extent, with the rise of the foundry industry will also promote the development of stainless steel hardware tools.
However, the weak stainless steel market resulting in the steel market demand is difficult to release. It was reported recently in nickel prices continued to shocks plus the downstream weak demand for businesses to make scrap stainless steel market suffered a serious setback, sluggish stainless steel market is also a direct result of the domestic steel market difficult, which affected the largest case of iron ore. Stainless steel demand declines in the port's iron ore shipping rates frequently drop the price began to plunge, most ports have a backlog of iron ore.
A lot of people in the industry worry about blindly cut prices is probably not solve the fundamental policy of the iron ore demand. Apparent release due to the current stainless steel market demand continued to show weakness, it is difficult, so the timing of the reversal of the steel market is not mature, is expected late domestic steel prices will continue to show weak consolidation pattern, although the LME nickel prices began to rise situation and return to above 17,000 U.S. dollars. But did not stimulate the stainless steel market as the leading stainless steel just cost benchmark nickel prices rebound to pick up, although the individual businesses is a slight increase in price, but the overall market is still weak, to maintain low prices to take the goods has become a business consensus, so as increase in nickel prices in the short term does not change the reality of stainless steel downturn.
In this regard, Luo Baihui July or will be an opportunity to turn around in the domestic stainless steel, stainless steel market continues to maintain a sideways trend, with the countries easing further the introduction and approval of large projects to accelerate the relatively optimistic about the situation in the third quarter view, may the stainless steel market in July there will be some rebound, rebound margin or demand.
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