The steel market fluctuated last week. The supply and demand were weak and trading was moderate. Steel market fluctuated: Bullish and bearish factors interlaced in the short-term market. Downstream demand remained weak. Transactions appeared moderate although downstream galvanized strip and galvanized pipe supply decreased due to production restriction.
Also, the profit level was high. The weekly average profile of strip steel enterprises reached the pretty higher in history. As for favorable factors, the storage was low. A small number of enterprises in Tangshan were retail investors and enterprises in Bazhou held storage low. Thus plants were more willing to hold price firm. The storage of finished products in downstream pipe plants was lower than the average level.
As the “Belt and Road” Forum ended, it is necessary to care the environmental protection process. If downstream galvanized strip and pipe plants enlarge production as the environmental production looses, the demand for strip will increase. On the whole, strip steel plant will hold prices firm in the short term and the total market will go strong slightly.
About us
ZIBO CAMEL MATERIAL CO., LTD. focus on e-commerce mode,deal in bulk goods and retail goods import and export trade.It is mainly engaged in color coated steel coil, galvanized steel coil, galvalume steel coil, colored corrugated steel roofing sheets, galvanized corrugated steel roofing sheets and other products.
It is mainly engaged in color coated steel coil, galvanized steel coil, galvalume steel coil, colored corrugated steel roofing sheets, galvanized corrugated steel roofing sheets and other products.