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Demand improvement is expected to strengthen, steel prices are expected to continue strong adjustment weekend
Demand improvement is expected to strengthen, steel prices are expected to continue strong adjustment weekend Factors affecting steel price: 1, this Friday large varieties of steel production increased week on week Friday’s large variety of steel production of 9,062,700 tons...Read more -
Hot and cold rolled coil market in June or better steel pipe manufactures
Hot rolled coil prices in Shanghai fell 160 yuan/ton week on week, cold rolled coil prices fell 100 yuan/ton week on week. According to Ren qingping, this is mainly caused by the severe situation of epidemic prevention and control, blocked logistics, weakened demand, increased steel inventory, ...Read more -
More than expected rate cuts will help stabilize the second half of the steel market
On May 20th, the People’s Bank of China authorized the National Inter-bank Lending Center to announce that the latest LPR (loan market quoted interest rate) is: 1-year LPR is 3.7%, unchanged from the previous month; The five-year LPR was 4.45 per cent, down 15 basis points from 4.6 per cen...Read more -
A weekly review of the raw material market
Last week, the domestic raw material market performance of various varieties, affected by the epidemic, the overall finished product market transaction is general, iron ore prices fell as a whole; Coke, coking coal prices continue to rise; Ferroalloy, ordinary alloy prices have risen, special a...Read more -
Steel tube material analysis galvanized steel pipe manufactures
Last week, the performance of various varieties in the domestic raw material market was different. Affected by the epidemic, the transaction of the overall finished material market was general, and the price of steel pipe fell as a whole. Coke, coking coal prices continue to rise; Ferroalloy, o...Read more -
Domestic scrap market stable in strong operation
China Scrap Iron and Steel Application Association Information Statistics Department Last week, the domestic scrap market is stable in strong operation, market resources are tight, steel mills, scrap processing base inventory is generally low, the willingness of merchants is strong. Average scra...Read more -
Pipe selection and wall thickness
Steel pipe is required in the majority of oil and gas production and pipeline applications. ASME A53 and A106 and API 5L seamless, electric resistance welding (ERW), and submerged arc welding (SAW) steel pipe are commercially available and most commonly used in pipeline systems. PVC, fiberglass, ...Read more
