The domestic steel industry since last October, will enter the winter, due to the dual pressures of supply and demand, the steel industry has been in the edge of the loss. In late May, due to domestic steel prices by the Development and Reform Commission approval of the project faster, the bank at the end of assault lending policy level message driven stabilized stabilized.
Than in previous years, is the steel sales season in May and June can be this year, but subject to low steel prices and rainy weather continued, the business is quite bleak. Originally only the engineering and business orders of the boss, forced to start retail.
Rainy weather, the sales downturn incentives
This year, more than rain, resulting in a lot of the construction period hampered, which also had a definite impact on sales. The downturn in the real estate industry is indeed a fatal blow to sales of steel. Due receivables in a timely manner, we basically do not do single of the real estate industry. Now more contact with enterprises and projects, such as factories and mines, as well as power plants and smelters, etc..
Steel prices or dropped back two years ago, the level of
The iron ore, analysts believe that the iron ore reference projections, steel prices continue down the inevitable return of the steel industry, only a return to a reasonable level to enable the healthy development of the steel industry. For now, the steel prices will return to at least two years ago.
Since October last year the domestic steel industry will enter the winter, due to the dual pressures of supply and demand, the steel industry has been in the edge of the loss. The end of May, domestic steel prices by the Development and Reform Commission approval of the project faster, the bank at the end of assault lending policy level message driven stabilized stabilized, but the policy aspect of good less, the most fundamental demand of the domestic market as a whole is still in the doldrums imbalance between supply and demand of the domestic steel market, the so-called 'good' factor can easily be digested out.
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