Heavy rain and haze affect terminal consumption for steel pipe

After the Spring Festival,the long rainy weather in the south of China delayed the process start of terminal demand for cold rolled rectangular steel tube so that steel pipe suppliers are in a mood of fog. According to a new report from agency, in the face of a small recovery in the operation rate of blast furnace , steel market transactions are relatively cold. Besides, steel city inventory is rapidly accumulating and it has now exceeded the high level after the Spring Festival in 2017, and close to the high position after the Spring Festival in 2018.

With closing to the fifteenth day of the first month, many places will enter the construction season and many steel pipe suppliers are not too optimistic about the future in terms of steel pipe market. If you have a visit to steel pipe warehouse, you will find that everywhere is plate screw, thread and other steel inventories. Some Steel traders from ningbo, handan and other places use video to visually show the current inventory situation. An enterprise official told reporters that now the concern of industry is about the weather in the southern region. If the rainy weather will continue, coupled with a large area of severe fog and haze in the north, steel trade enterprises will bear more and more pressure as the short-term demands for rectangular hollow section pull up.

According to a recent survey of steel traders, the inventory level of a steel trading company in nanjing is around 50%. Relevant person in charge thinks that demand release of the steel pipe this year looks a bit later than last year. Coupled with a wide range of rainy weather, traders are more cautious about the market situation. For steel pipe suppliers in Guangdong, they are more cautions in terms of inventory accumulation, but the person in charge thinks that the infrastructure projects in Guangdong pull up the steel demand for galvanized steel pipe and they are not pessimistic about the later market demand. Through the exchange with the steel industry, the reporter also found that at present, no matter steel mills, traders or downstream demands, all parties are increasingly concerned about the performance of the future market. If future rise of black series, procurement will become significantly positive and steel traders will quickly restore confidence. Researchers told reporters, from the national inventory statistics, as of February 22, rebar inventory of the national major cities weekly increased by 1.2634 million tons and the weekly inventory of major steel mills increased by 108,600 tons.