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How long can the high steel price be supported?

2021-03-06

As the Spring Festival is approaching, a new round of cold waves hits, construction sites in the north are greatly affected, steel transactions continue to shrink, inventories continue to rise, the off-season effect gradually deepens, coupled with the impact of the Hebei epidemic black swan, how long can the high steel prices support? Wang Guoqing, director of the Lange Steel Economic Research Center, said that the market is currently in the off-season in demand. Coupled with the epidemic contr...

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Hegang Wugang 9Ni steel passed the technical review of China Special Inspection Institute

2021-03-06

On December 10, China Special Equipment Inspection and Research Institute (hereinafter referred to as "China Special Inspection Institute") organized experts to conduct technical evaluation of Hegang Wugang 9Ni steel. The experts agreed that Hegang Wugang 06Ni9DR steel plate has stable physical quality and excellent performance. Agreed to pass the technical review of the China Special Inspection Institute. This indicates that HBIS Wugang continues to maintain its leading advantage as one of the ...

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Xingcheng Special Steel's large blast furnace won the title of "Winning Furnace" in the country again

2021-03-06

On July 1, the results of the "National Key Large-scale Energy-consuming Steel Production Equipment Energy Saving and Consumption Reduction Benchmarking Competition" in 2018 were released. Xingcheng Special Steel's 3200 cubic meter blast furnace was in the evaluation of 3000 cubic meters (inclusive) to 4000 cubic meters , Won the honorary title of National "Excellent Furnace". This is the fourth consecutive year that Xingcheng Special Steel's large blast furnace has won the honor since participa...

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Angang high-strength steel orders set a new record

2021-03-06

"This batch of high-strength steel has fast delivery speed and excellent quality. It is worthy of being produced by Angang!" On September 23, feedback from Zhengzhou Coal Mining Machinery customers who received a whole order from Shenhua 8.8m hydraulic support give fully affirmed to outstanding "Angang speed" and "Angang quality". In June 2020, Anyang Iron and Steel successfully accepted the entire order for the European standard high-strength steel required by Zhengzhou Coal Mining Machinery'...

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High inventories in the steel industry have not changed

2021-03-06

Affected by the epidemic, the steel industry, growing rapidly for three consecutive years, has fallen into a trough, encountering a series of problems such as blocked exports, declining demand, high inventory, and falling prices. He Wenbo, Secretary of the Party Committee of the China Iron and Steel Association, said recently that the epidemic has had a greater impact on steel demand. Judging from the indicators of the main steel industry in the first quarter released by the Statistics Bureau, ...

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Hegang Wugang's ultra-large thickness and ultra-large single-weight chromium-molybdenum steel orders were successfully delivered to customer.

2021-03-06

3.3 million tons/year diesel hydrogenation plant project of Wugang for Guangdong Petrochemical, a Sino-Venezuel joint venture, replacing the imported chromium-molybdenum steel plate with a thickness of 172 mm and a weight of 49.58 tons delivered to the customer. The thickness and unit weight all became the top of same steel plate .The most important thing is to boost the petrochemical industry to realize the localization of steel for construction of this type project. In the early stage process...

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Steel prices fell slightly, how do steel traders view winter storage?

2021-03-06

This week, steel prices have dropped significantly, and both rebar futures and spot prices have declined to varying degrees. Under the influence of the rebound in steel stocks and the continued weakening of steel demand, will there be room for further decline in steel prices in the future? Can steel traders complete their "winter storage" before the year before? According to the monitoring data of the Lange Steel Cloud Business Platform, as of January 13, the average price of grade 3 rebar (Φ25...

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Declining demand, rising stocks, steel prices rising again

2021-03-06

By the end of the year, steel demand dropped again and again, while production and inventory gradually picked up, and the relationship between market supply and demand had changed. However, steel prices rose again after a slight correction. Today, the rebar futures price rose by more than 100 yuan, and the rebar spot price remained high. Today's rebar futures saw a shock of more than 100 yuan in the intraday trading, and once rushed to the 4400 yuan mark; in the end, the main rebar futures cont...

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On the 20th, domestic building materials prices were weak and stable

2021-03-06

On January 20, the domestic construction steel market prices were weak and stable; leading markets, Beijing, Shanghai, Guangzhou, and Tianjin were weak and stable. According to the monitoring data of the Lange Steel Cloud Business Platform, the average price of Ф6.0mm high-line steel in key domestic cities is 4589 yuan (ton price, the same below), which is a decrease of 10 yuan from the previous trading day; The price was 4,291 yuan, a decrease of 10 yuan from the previous trading day. Leading c...

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The epidemic situation is superimposed in the off-season.

2021-03-06

Hebei's new crown epidemic is still continuing. As of January 15, Hebei reported 90 new confirmed cases, with a total of 941 confirmed cases. Most industries in the Beijing-Tianjin-Hebei region were affected, especially the steel industry. Affected by this, the three cities in Hebei were closed, road transportation was blocked, some places were closed early, construction sites were suspended, and now it is in the traditional off-season, steel traders' shipments are greatly reduced, and many oth...

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