Supply contraction inventory pressure is reduced, rebar rebound is expected to continue
Since last Friday, rebar futures prices have continued to rebound. The RB2001 contract has been close to 200 yuan/ton since the lowest point. The supply and demand drive up and the low valuation of futures are the core factors that induce this wave of rebound.
The steel market is weak, and many steel companies are actively limiting production
In the second half of the year, domestic steel production continued to grow at a high level, resulting in a sustained low volatility in the steel market.
Weak operation of the scrap market (August 24 to August 30)
Last week, the domestic scrap market was weak, social stocks were lower, steel prices were weak, and some steel mills bought scrap according to the arrival and inventory.
Weekly review of raw material market (August 24th to August 30th)
Last week, the prices of major varieties in the raw materials market fell, iron ore prices stopped falling and rebounded, the coke market is about to start a second round of price cuts, coking coal prices have fallen steadily, and the prices of various ferroalloys have been mixed.
Welcome Bangladesh Customer Visiting Factory
In end of July, we got a inquiry of DN1400&DN300&DN250 pipes and flanges from Bangladesh customer, total is 85 Tons.
The Middle East pile pipe production is production smoothly
At the beginning of December 2019, Xinyue received an inquiry from customer about pile pipe projects. They need ssaw steel pipe welded C9 cluthes and sheet piles with external coating.
Hot Products
ASTM A312 Seamless Stainless Steel Pipe
Oil & Gas Line Pipe
ASTM A252 Piling Pipe
Oil & Gas Pipeline
