Since March of this year, the steel price in the Taiyuan market has fallen at almost 200 yuan per month. In just five months, the price of steel in the Taiyuan market plummeted by RMB 1,000/t. From iron and steel companies to traders to industrial organizations, they all complained: “The steel market is weak and the entire industrial chain is in great difficulty.†On the 26th, the prices of wire rods and rebar in Taiyuan were kept at around 3,500 yuan/ton, which translates into The steel price was only 1.75 yuan, even less than the 2 yuan/kg rapeseed price in the same period.
As an important steel production base in North China, Shanxi has always been an important steel market in the region. On the 26th, Taiyuan City, the major steel market, is extremely small, and there are few customers who come to buy. In the face of the deserted steel market, Hou Linping, who is the head of the Taiyuan Office of Shanxi Zhongyang Iron and Steel Co., has also been unable to stand still. Recently he left Taiyuan to several steel mills in southern Shanxi to understand the market situation. “Shanxi's steel companies have not been able to operate recently. Steel prices have been falling for six months. They have fallen by RMB 1,000/ton.†Because the steel companies in Shanxi are currently Normal production, and production has been increasing, so in the absence of downstream demand, the domestic steel supply exceeds demand, steel prices have also declined.
The constant drop in steel prices means that steel companies and traders will have to lose one day each day. So most of the iron and steel companies in our province are not stocked. "Everything has to sell the steel from the output. If you can't sell it, you can sell it cheaply." On the 26th, Zhu Fengliang, secretary general of the Shanxi Iron and Steel Industry Association, told reporters. Like steel companies, most of the steel traders in the Taiyuan market do not have stocks. “Now, there are few stocks of middlemen in the market, and everyone dares not accumulate.†said Ma Bin, head of Shanxi Chunlei Sunshine Industry and Trade Co., Ltd. It is reported that the profit margin of the current Taiyuan steel traders is extremely low, earning only about 30 yuan per ton of steel, which means that the current industry's profit margin is even less than 1%.
According to statistics, today's Taiyuan market, wire, rebar prices are mostly between 3,500-3,600 yuan / ton, and the plate price has not reached 4,000 yuan / ton. This price is even not as good as the price of rape in the Taiyuan market on the same day. The price of Taiyuan steel is about 1.75-1.8 yuan/kg, while the price of Taiyuan steel is 2 yuan/kg on the 25th.
On the 26th, Zhu Fengliang told reporters, “At present, the iron and steel enterprises and the entire steel market in our province are facing enormous difficulties. Among them, the problem of insufficient demand, weak market and declining prices is particularly prominent.†Ma Bin predicts that domestic and provincial iron and steel Such a declining trend in the market may continue until the end of this year.
As an important steel production base in North China, Shanxi has always been an important steel market in the region. On the 26th, Taiyuan City, the major steel market, is extremely small, and there are few customers who come to buy. In the face of the deserted steel market, Hou Linping, who is the head of the Taiyuan Office of Shanxi Zhongyang Iron and Steel Co., has also been unable to stand still. Recently he left Taiyuan to several steel mills in southern Shanxi to understand the market situation. “Shanxi's steel companies have not been able to operate recently. Steel prices have been falling for six months. They have fallen by RMB 1,000/ton.†Because the steel companies in Shanxi are currently Normal production, and production has been increasing, so in the absence of downstream demand, the domestic steel supply exceeds demand, steel prices have also declined.
The constant drop in steel prices means that steel companies and traders will have to lose one day each day. So most of the iron and steel companies in our province are not stocked. "Everything has to sell the steel from the output. If you can't sell it, you can sell it cheaply." On the 26th, Zhu Fengliang, secretary general of the Shanxi Iron and Steel Industry Association, told reporters. Like steel companies, most of the steel traders in the Taiyuan market do not have stocks. “Now, there are few stocks of middlemen in the market, and everyone dares not accumulate.†said Ma Bin, head of Shanxi Chunlei Sunshine Industry and Trade Co., Ltd. It is reported that the profit margin of the current Taiyuan steel traders is extremely low, earning only about 30 yuan per ton of steel, which means that the current industry's profit margin is even less than 1%.
According to statistics, today's Taiyuan market, wire, rebar prices are mostly between 3,500-3,600 yuan / ton, and the plate price has not reached 4,000 yuan / ton. This price is even not as good as the price of rape in the Taiyuan market on the same day. The price of Taiyuan steel is about 1.75-1.8 yuan/kg, while the price of Taiyuan steel is 2 yuan/kg on the 25th.
On the 26th, Zhu Fengliang told reporters, “At present, the iron and steel enterprises and the entire steel market in our province are facing enormous difficulties. Among them, the problem of insufficient demand, weak market and declining prices is particularly prominent.†Ma Bin predicts that domestic and provincial iron and steel Such a declining trend in the market may continue until the end of this year.
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