China Alloy Steel Pipe Processing Industry Is Also Very Bad Situation

- Jun 30, 2017 -

China's alloy steel pipe processing industry since the first half of this year, the situation is also very bad, the loss of the face continues to rise, one of the important performance is the iron and steel enterprises are still very tight capital chain, resulting in high debt rates. China's steel industry lost 39.53% per cent, up 2.32% from a year earlier, according to CISA's previous 4-month data. Deduct the investment income, April Steel main industry obvious loss. Recently, CISA is about to release the first half of the industry-wide operating data, the industry has been expected, the first half of the steel business profits month down, the situation than previously predicted may be grim. Into the July, steel price changed to June decline, played the industry's strongest sound this year, iron and steel spot for more than 3 consecutive weeks to collect. The futures market, rebar main contract also continued to strengthen 3 weeks, the cumulative rise of nearly 6%. At present, more than 60% of the steel mills profit, and at the end of June, the data is less than 20%. In the long run, the marketization of the financial interest rate is the means to solve the transformation of the real economy, but there will be a process of exploration. Zhu believes that the bank lending rate to open up, the future will depend entirely on the choice of banks, for steel customers with a strong repayment ability, it may lower interest rates, and if banks judge companies at risk, loans are questionable, and even if they are considered to reduce risk, the fees will rise, totally different.

  • Helical Seam Saw Large Diameter Pipes SSAW Spiral Welded Structural Pipe En10219 S355j0h and A252 Steel Piling Pipe for Construction of Marine and Offshore Structures
  • Large Diameter ERW 12019 S355JR Longitudinally Welded Steel Structural Tubular Piles ERW Tubes En10219 for Mechanical Machinery and Plant Construction
  • Prime ERW Carbon Steel Longitudinal Welded Line Pipe API 5L Gr B ASTM A53 PSL1 AS/NZS 1163 C350L0
  • High Yield Sawh (helically Welded Saw) Welded Pipes API 5l X60 ASTM A572 Gr 50 Structural Tubes Offshore Structures and Steel Pipe Sheet Pile Foundations
  • Large diameter Spiral-Welded SSAW/SAWH tubular steel pipe piles (Casings)
  • High Build Fusion Bonded Epoxy Polyethylene (PE) Coated Steel Pipes

Related Products