To See The Domestic Economic Situation By The International Trend Of Stainless Steel

To See The Domestic Economic Situation By The International Trend Of Stainless Steel

Recently, Bank of America and the collapse of investment companies appear again and again to the U.S. economy and even the global economic crisis signals are brought in the United States government-funded acquisition AIG80% of the shares, the U.S. government submitted to Congress on the 20th, a total of 7,000 billion financial rescue plan to prevent the financial crisis deepened. The Rescue Plan has been adopted in principle. In such a financial background, many industries are not immune. U.S. real estate industry is facing a huge crisis, our domestic real estate was also the state of stagnation and even retrogression.

As the economic base of the steel industry Stainless steel Also were caught, resulting in Stainless steel Downstream industry chain crisis. This year, nickel prices have been stable and weaker trend of insurance. Although the nickel price in London by the end of February has been outstanding, along the way rose to 33,850 U.S. dollars / ton, but in such a price, nickel prices difficult to stand firm, in mid-March all the way to weaken. Although occasionally higher, but after all, more or less up. Economic environment and demand for stainless steel double downturn is affecting the key factor weakening nickel prices. Nickel prices fell

Another factor is the demand by the stainless steel drag, under the influence of economic factors, the performance of these sectors this year are unsatisfactory, greatly reduced the demand for stainless steel, stainless steel, the unprecedented market pressure to increase inventory. Dual role, the stainless steel prices have been falling, this way, the main production elements as nickel stainless steel has also been implicated in some. One large steel plant to suspend its treaty of stainless steel scrap supplier contracts, resulting in a substantial reduction in prices of stainless steel scrap, 304 scrap (8 Nickel) price of 17,500 yuan from the previous / ton down to the current 16500-16800 yuan / ton. It is understood that the steel supplier pre-treaty agreement with the contract price of 18,000 yuan / ton, which has the steel supplier to the agreement to terminate its contract, will face even greater pressure on stainless steel scrap market outlook, short-term stainless steel scrap market further test a low price or may be.

From the domestic steel market point of view, domestic sales have been required to satisfy the market can only pin their hopes on the international market. But because China is a big exporter of steel, trade frictions are inevitable happened, the state recently have stainless steel Seamless Regulation, may cancel currently enjoy 5% tax rebate, as Stainless Steel Pipe At present export trade friction frequently, do not rule out the possibility of a further tax of 10%. Related documents submitted to the State Council, not yet formally approved. About Stainless Steel Seamless Tax rebate cancellation news, industry sources do not come from nowhere: Since the state tax refund last year decreased to 5% of stainless steel seamless pipe has not reduced the number of stainless steel seamless pipe exports, has not reached the effect of restricting exports; with foreign anti-dumping investigation has not been Stop, do not rule out the country under pressure, stainless steel seamless pipe suspended the possibility of tax rebates. This stainless steel seamless pipe export enterprises, is a matter of concern.

Above statements have been clearly seen, the stainless steel market in the upstream industry chain by the stainless steel market and weaker demand, rising stock market and other factors lead to steel industry is already very tired. View from the international economic situation, have been shrouded in a kind of invisible inflation pressure, regardless of whether inflation is really coming, the economic environment are very worrying. People of investor confidence has also been a great blow, from the influx of international investment funds to hedge the spot market behavior, leading to fluctuations in nickel prices and this has a very close relationship. In addition the overall world economic slowdown will inevitably lead to the next phase of the new round of restructuring within the industry plan, which the domestic market integration, mergers and alliances will become an important feature of the next stage. The restructuring process is bound to various steel mills in order to seize market share to price wars, from the September introduction of the October Baosteel steel prices see some clues to the message, so the next stainless steel market is still in a state of overall decline .

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