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316l stainless steel coil continues to rise
Lun nickel rose, of which Lun nickel opened at $21,120 / ton, the highest price to $21,350 / ton before the deadline, 304 stainless steel futures 2307 main rose 150 yuan/ton, the highest price to near 15385. 201 cold rolled stainless steel roll fell, the mainstream base price Xinsuju reported 9,100 yuan/ton, the market reported 9,350 yuan/ton, 201 hot rolled stainless steel plate mainstream base price reported 9,100 yuan/ton. 304 cold rolled stainless steel coil small rise, of which the main price of the Jiujiang steel market is 16,000 yuan/ton, the
Hot rolled stainless steel plate spot price again up 15000 RMB
1. Oecd: High inflation will increase global GDP by only 2.7% this year The global economy will recover slowly from the shock of the pandemic and the Russia-Ukraine conflict, the OECD said, while remaining plagued by persistent inflation and restrictive policies by major central banks seeking to contain inflationary pressures. According to the organization's latest Economic Outlook, global output will grow by 2.7% this year and only marginally by 2.9% in 2024, both below the 3.4% average of the seven years before the pandemic. It is worth mentioning that the recovery in t
Hot-dip galvanized square tube price, steel price to catch up to be cautious
Construction steel: On June 5, the average price of 20mm three-level seismic rebar in 31 major cities in the country was 3808 yuan/ton, up 76 yuan/ton from the previous trading day. In the early trading period, the spiral high operation, the price of domestic construction steel followed the positive rise. From the transaction point of view, because the price rose too fast, downstream users wait-and-see sentiment is strong, the overall trading performance is lukewarm, some businesses dark afternoon shipments. Hot rolled coil: On June 5, the average price of 4.75mm hot roll
Rise, galvanized steel pipe still have room to adjust the price
Today's steel market overall small rise mainly, rising market more than a day. From the variety, it is still galvanized steel pipe slightly stronger than hot coil, hot galvanized steel pipe more than 10-20 yuan, a few markets up to 30 yuan. Although the range is not large, but the market atmosphere is better, the price increase is universal, although the welded steel pipe market increased less, but some markets also have 10-20 yuan. Stainless steel tube, cold rolled plate, galvanized coil is relatively lagging, mainly stable, is expected to have a small increase tomorrow and the day aft
316 stainless steel futures up 50, spot market prices firm!
[ Macro News ] 1. Fed: Business demand for credit weakens Banks reported tighter credit standards and weaker demand for commercial and industrial loans in the first quarter, the Fed said, continuing a trend that began before recent stress in the banking sector. Data from a Fed survey of credit officers released Monday showed that the percentage of banks tightening lending conditions for large and medium-sized companies rose to 46% from 44.8% in the fourth quarter of 2022. The failure of four regional U.S. banks since March has sparked turmoil in the financi
Shandong stainless steel area market: After the festival small rise to welcome a good start.
Lun nickel rose, including Lun nickel opened at $24,685 / ton, the highest price to $24,975 / ton before the deadline, stainless steel tube futures 2305 main rose 190 yuan/ton, the highest price to near 15605. 201 cold rolled stainless steel rose, the mainstream base price resource reported 9400 yuan/ton, Xinsuju steel reported 9500 yuan/ton, hot rolled stainless steel plate mainstream base price reported 9300 yuan/ton. 304 cold rolled stainless steel roll small rise, which Shandong market mainstream price at 16300 yuan/ton, Liaocheng price at 16350 yuan/to
The net export volume of stainless steel pipe in March increased 244.3% month on month
According to the customs data statistics: in March 2023, domestic stainless steel plate imports of about 123,300 tons (hit a new low since April 2020), a month-on-month reduction of 34.1%; The year-on-year decrease was 48.6 percent. From January to March in 2023, the cumulative volume was about 461,000 tons, a year-on-year decrease of 483,900 tons, or 51.22%. In March 2023, the domestic export volume of stainless steel plate was about 349,400 tons, an increase of 38.15% from the previous month; The year-on-year decrease was 7.99 percent. From January to March in 2
Dream new Xiongan, invited to attend Xiongan Green Square Tube Architecture Expo
From April 18 to 20, the sixth Xiongan Pipe Fittings and Pump Valve Exhibition and Xiongan Urban Construction and Green Building Expo was held in Xiongan. More than 300 benchmarking enterprises participated in the expo. After years of construction, the Xiongan New Area has entered a new stage of development. As a leading enterprise in the steel pipe industry, at the beginning of the construction of Xiongan New Area, Xinsuju Steel Group has been actively involved in the construction of the new area, providing strong support for the "quality of Xiongan" with green and high-
The copper wire energy transition will drive Latin American copper demand
Given the key role of copper wire in the development of clean energy technology, demand for copper is expected to grow significantly. Economic and environmental professionals from the International Copper Wire Research Organization spoke about copper's prospects in the energy transition and opportunities in Latin America. Copper is crucial in the production of wind turbines. A megawatt of electricity produced by a wind turbine requires at least five tonnes of copper wire to produce the turbine and connect it to the grid. The se
Strive to 2023 aluminum pipe and processing industry capacity of 800,000 tons
On April 11th, the establishment conference of Shandong Aluminum Pipe industry technology innovation Strategic Alliance was held. In his speech, he said that the county will actively create a high-quality business environment, comprehensively strengthen the lead of aluminum pipe industry technology innovation strategic alliance, continue to extend the upstream and downstream chain of aluminum pipe industry, and strive to build the aluminum processing center in northwest Shandong. Strive to 2023 aluminum pipe and processing industry production capacity of 800,000 tons, output val
The supply and demand of hot-dip galvanized steel pipe tend to be loose
The supply and demand of hot-dip galvanized steel pipe tend to be loose, the cost center of gravity shift down and the merchant's expectations are the main reasons for the steel price decline. On the supply side, the average daily crude steel of key steel enterprises in the second half of March was 2.261 million tons, with a month-on-month increase of 0.34%. The blast furnace operation rate surveyed by XINSUJU continued to rise, and resource supply pressure increased. In terms of demand, the downstream data are generally bearish. The manufacturing PMI released by National Bureau of Stat
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Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.