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What's the trend of Prepainted Galvanized Steel coils, prepainted galvalume steel coils, PPGI, PPGL steel coils in the future?
In the first half of this year, steel prices in the domestic market fluctuated in a high range as a whole, making the performance of A-share steel listed companies significantly improved in the first half of the year. Judging from the performance forecasts of listed steel companies that have been disclosed so far, the net profit of many companies has increased by more than 500%.
Steel companies' performance in the first half of the year increased significantly
After a round of rise and regulation, how will steel prices behave in the market outlook?
Regarding the current performance of the steel market, the China Iron and Steel Association pointed out that first, market demand has weakened and it is important to maintain market stability; second, iron ore prices fluctuate at a high level, and enterprises have increased pressure to reduce costs and increase efficiency; third, steel export tax rebates The impact of the adjustment of steel exports will be further manifested.
Specifically, from the perspective of the domestic market situation, due to seasonal and downstream industry changes, demand is weakening, and the current level of Nissan is still at a high level. The China Iron and Steel Association suggests that iron and steel companies should rationally arrange production rhythms, actively adjust product structures, and maintain the smooth operation of the market.
At the same time, the state has cancelled the export tax rebate for some steel products since May 1. The export volume of steel products in May fell sharply by 2.7 million tons from the previous month, a drop of 33.9%. The policy effect is beginning to show. The China Iron and Steel Association stated that the effect of the policy will be further revealed in the later period, and it will be more difficult for enterprises to export steel products.
Shandong Wofeng New Material Co., Ltd products: Prepainted galvanized steel coils, Prepainted galvalume steel coils, printech steel coils, Color coated aluminum coils, Wooden finish prepainted steel coils, etc.
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October 22, 2021
August 11, 2021
December 01, 2021
1. Sufficient supply of steel products. According to estimates by the China Iron and Steel Association, in May, the country produced 98.08 million tons of crude steel, a year-on-year increase of...
After hitting a four-year high in April, China’s steel exports fell by 34% month-on-month in May. Regarding the follow-up development, some industry experts pointed out that in view of domestic and...
The Ministry of Finance said on Wednesday, April 28 that China will cancel export tax rebates for certain steel products from May 1. The Ministry of Railways stated that steel products with HS codes...
The announcement regarding the cancellation of export tax rebates for some steel products is hereby announced as follows: From May 1, 2021, the export tax rebate for some steel products will be...
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Author:
Mr. wofeng
Phone/WhatsApp:
October 22, 2021
August 11, 2021
December 01, 2021
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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.