To promote the resumption of production, steel industry chain in action

Affected by COVID-19 epidemic, a number of downstream steel pipe suppliers to delay the resumption of production, steel market demand to some extent, especially the suspension of construction projects, result in the construction of steel prices after the Spring Festival, the market continues to be weak. In this situation, steel traders pay close attention to the construction project, the resumption of work.

Specializing in rebar, wire rod and other construction steel trade Liang Taigeng wally enterprise development co., LTD., general manager of Shanghai in an interview with China metallurgical newspaper reporter said, at present, Zhejiang, Jiangsu, Shanghai and other east China’s infrastructure projects have been started preparing to return to work, especially in Zhejiang province, Jiangsu province, to return to work progress faster, Shanghai is relatively slow for the agriculture greenhouse. For example, as early as Feb. 11, the first project approved to resume work in Hangzhou, Zhejiang province, was the reconstruction of the shanghai-Hangzhou-Ningbo expressway, an important transportation infrastructure project for the Asian games. Recently, various ministries and local governments have issued policies to speed up the resumption of major projects and transportation infrastructure projects. Affected by the expansion of special debt scale, the increase of new projects and the closing of the 13th five-year plan, it is expected that infrastructure investment of curtain wall building will run at a high level in 2020, and new orders, operating income and operating cash flow of infrastructure enterprises will show a high growth trend. For example, the Fujian provincial railway construction and development center recently issued a statement that five projects, they have fully resumed work.
At 11:00 on February 17, the first bar of overhead contact network project of gezhou station was successfully set up, marking the beginning of the construction of four-power integrated system project in ningquan section of xingquan railway. It is hoped that the construction of infrastructure projects will resume as soon as possible, and that the situation of “steel demand” of mild steel tube in the later period will be optimistic. Liang taigeng believes that with the implementation of the “anti-epidemic return to work” measures, more major infrastructure projects will continue to resume construction. And the resumption of these infrastructure projects, rush and start, will form a “three tides” (return to work, rush and start) superposition. Steel prices will also usher in a wave of rising prices. Some areas combined with the actual situation of the site, dynamic adjustment of the construction plan, the location with the conditions for the first construction, and through telecommuting and isolation of the office, orderly organization of the resumption of production.