Tianjin Pengzhan Steel Pipes Co. Ltd.
Tianjin Pengzhan Steel Pipes Co. Ltd.

Tianjin Pengzhan Steel Pipes Co. Ltd.

Tianjin Pengzhan Steel Pipes Co. Ltd.
Tianjin Pengzhan Steel Pipes Co. Ltd.
Tianjin Pengzhan Steel Pipes Co. Ltd.

Tianjin Pengzhan Steel Pipes Co. Ltd.

Tianjin Pengzhan Steel Pipes Co. Ltd.
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In late September 2011, the country's crude steel production was 1 million 930 thousand and 400 tons.

(Summary description)

In late September 2011, the country's crude steel production was 1 million 930 thousand and 400 tons.

(Summary description)

Information
Yesterday, according to the Chinese Steel Industry Association statistics, in late September crude steel output 1 million 639 thousand and 700 tons of Steel Association member companies, late growth of 0.61%. Based on this estimate, in late September the country's crude steel production of 1 million 930 thousand and 400 tons, ten days growth of 0.61%. September full month crude steel production was 1 million 937 thousand and 700 tons, an increase of 1 million 895 thousand and 200 compared to 2.24% tons in August.
Think, in September the domestic steel prices in the largest wave of decline this year, the spot, futures prices fell to a new low for the year. At present, the domestic market demand is still no signs of improvement, real estate, railway investment downturn, coupled with the tight financial situation continues, the expected short-term domestic steel prices will shock bottoming.
Baosteel November steel price adjustment
Yesterday, the domestic steel leader Baosteel (600019 November steel price policy, hot rolled, cold rolled, galvanized, pickling and other varieties prices remain unchanged, middle and low grade non oriented silicon steel prices down 200 yuan / ton. Now 5.5mm*1500/SS400 hot rolled coil for 4812 yuan / ton (including tax 5630.04 yuan / ton, 1.0mm*1250/SPCC cold rolled coil for 5416 yuan / ton (including tax 6336.72 yuan / ton. The industry believes that the Baosteel steel prices in November flat overall policy in line with market expectations.
Related to the China Securities Daily reporters, East China several major steel price adjustment had emerged, most stable.
The analysis report on October 11th that, at present, leading steel prices in November rose and fell the apparent lack of power, or in a flat and subsidies way out.
The network is expected in November, the mainstream steel prices to stabilize in the background, individual species will have different ranges of compensation. Sub species, hot-rolled, plate price in the range of -100 to 0 yuan / ton, cold-rolled in -50 to 50 yuan, galvanized, painted the stability is weak, the magnitude is not too large. In addition, construction steel prices and subsidies in early days are more obvious, if the spot market remains in the doldrums, the middle of the construction of steel price adjustment will be stable in small or medium.
Although the leading steel mills in October 9, the order price increases, but so far, especially the iron ore spot prices of imported iron ore has not decreased significantly, and the second half of the agreement the ore prices at a high level, the steel production cost pressure is still large, large and medium-sized enterprises to focus on earnings expectations are not optimistic.
For the iron and steel industry, demand and supply, the cost of three party game and exist for a long time, domestic steel prices have been completely driven by cost, in the background of the current weak market demand under the cut price or become the main way of rising prices.
Despite a slight decline in production in mid September, but during the national day steel mills did not significantly cut. Another due to the cold weather in the north, weakening the demand for building materials, to a certain extent, led to a sustained increase in inventory. In the spot market prices fell sharply, the cost of raw materials has been down, some varieties of steel at a loss, but many mills are not willing to take the initiative to limit production price.
Think, in September, despite the overall decline in domestic steel market prices, but the steel mills for the high cost of raw materials inventory, production enthusiasm is still maintained at a higher level.

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