Market supply will decline in August
the intensity of environmental protection and production will increase. Entering August, the National Day is getting closer and closer, and the air quality requirements are further improved everywhere.
Rebar prices still rebound in August
Overall, the rebar market is expected to rebound in August, but the premise is that supply declines, inventory declines, and demand rises. This is the key to determining the rebound momentum.
US tariffs have spread across the globe, and the steel market has been “splintered”
Rebar futures market will be weak in early August
In July, rebar futures prices fluctuated all the way down, and the price at the end of the month fell by about RMB 200/ton from the beginning of the month.
OIL PIPELINE PIPES SUPPLIED TO SOUTH AFRICA AFTER INSPECTION
In April 2019, the oil pipeline project of the old South American customer was launched. At that time, we updated the price to the customer. After more than half a month of negotiation and communication, the customer finally chose us to cooperate with xinyue.The order quantity is close to 2000 tons.
Middle Eastern customers repeat the order again
LSAW steel pipe is XINYUE’s main export products, we have full export experience. This new contract is from UAE customer, which have cooperate together for 3 years.
Hot Products
ASTM A312 Seamless Stainless Steel Pipe
Oil & Gas Line Pipe
ASTM A252 Piling Pipe
Oil & Gas Pipeline
