Hot-rolled h-section steel market correction run
June h-international market demand can still export a tepid Profile in the European market, because the demand remains in the doldrums and June scrap prices fall, profile in the European market remains weak, downward price pressure. France, and Italy and Spain delivered price of steel mills in more than 1500 tons of profiles has been as low as € 505 per tonne. While small orders also fell, about 515-525 euros/ton. Buyers dominated the market at present, section steel plant trying to price 15-20 EUR/ton, but to no avail. Expectations that prices will fall further. Current delivery of small material price of 495-515 euros/ton, down 5 euros/ton. Expected due to weak demand in the market, prices will remain under pressure. In addition, medium to large market in Europe have also shown similar weakness. Current delivered price of 500-520 euros/ton, parts Germany plant of 1 large and medium wood quotes as low as 514 euro/ton. Japan h price weakness, market inventory digested slowly, Japan h prices remained under pressure, some traders have to accept price cuts. On the Tokyo and Osaka, SS400H steel this week quoting 8.1-82,000 yen/ton (794-804 us $/ton), fell ￥ 1000 per ton. Korea demand is weak and domestic Mills generally lowered prices of steel, Korea steel cut domestic prices of steel, due to weak domestic demand and the surge in imports, modern iron cut in steel and Dongbu steel's domestic ex-factory price. In May, the Korea steel total imports increased to 16,900 metric tons, an increase of 44%. Chinese delivery resource capacity of 8000 tons, an increase of 60%, Japan deliveries of 8500 tons of resources, an increase of 30%. Meanwhile, weak end-user demand also increase the downward pressure on domestic prices of steel. At present, the Eastern iron-steel prices earlier in the month by 230,000, based on won/t ($ 20-29/ton), the primary factory base price of 75.76 million won per ton of steel (736-746 us $/tonne). Earlier this month began a similar price hike in modern iron and steel. Korea anti-dumping against China, has not yet had an impact on China's exports.
Taken together, the overall weak demand in the international market. Second, June domestic production of hot-rolled h-section steel reduced slightly from the previous month In June, domestic hot-rolled h-beam production decreased significantly compared from the previous month, mainly due to several h-manufacturers in June started a periodical maintenance, of diminishing resources, the hot rolling h section price stabilisation for the better, and laid a solid foundation. As of press time, jinxi iron and steel in North China a small line is still under repair, and Tianzhu steel steel line has not yet returned, Handan iron and steel production in July mainly to rail steel, h-continued reductions, shengda steel currently small-scale production of steel sheet pile, h resources. To sum up, is expected in July domestic hot-rolled h-section steel supply pressures on the limited resources, as follows: According to incomplete statistics, maanshan iron and steel h-June total 132,000 tons, which large 103,000 tons, small 29,000 tons of July small line reduction, is expected to yield about 140,000 tons. Laiwu steel began in late June for large steel line to arrange maintenance for a period of 8 days, affecting production of 30,000 tons, June production has decreased slightly, producing approximately 156,000 tonnes in July, plans to produce 175,000 tons. Jinxi iron and steel production in June at 278,000 tons of big specification h section 111,000 tons of small size h 167,000 tons; plans to produce 80,000 tons of June line, jinxi iron and steel in June to export 16,000 tons in July, plans to export 20,000 tons. Rizhao steel in June steel output of 40,000 tons, exports accounted for 60%, July plan large production. Few Shougang Changzhi iron and steel h-beam production in June, 70% July reduction July plans production of around 15,000 tons. Steel h-June production of 30,000 tons, planned for July production 35,000 tons. Xintai reduced steel production in June, actual production of about 50,000 tons in July, resources continue to shrink, plans to produce about 60,000, actual may be even less. Handan iron and steel produced 18,000 tons of h-June July produced 18,000 tons of plans, under the influence of rail steel, July h-beam production or will continue to decrease. Hebei Xinghua iron and steel h-beam production in June 100,000 tons, in July, plans to produce 100,000 tons. Tianzhu County, Tangshan iron and steel production in June about 75,000 tons, July plan seldom. Private steel mills, jinfeng h June laiwu steel production of about 12,000 tons, in July, plans to produce 20,000 tonnes. Xin Yi yuan in Tangshan iron and steel to normal scheduling, June production of about 30,000 tons; Tangshan hongrun steel in June in real terms of about 29,000 tons; Tangshan shengda steel June actual production at 40,000 tons, include a small amount of steel sheet piles. Production and maintenance of: Jinxi iron and steel in small and medium steel 2# production line was still maintenance is expected to resume production in late July; Large-scale production line of sunshine, planned for end of July and put into production. Shanxi Tai steel on steel wire arrangement overhaul planned for June 28, for a period of 10 days, is expected to affect the output of 30,000 tons. Baotou iron and steel casting machine was still maintenance, production time to be determined.
Source:http://www.jnsteelpipe.com/
