subject: Bright Stainless Steel Town Back Flat - Stainless Steel, The Market - Hardware Industry [print this page] In September this year, the U.SIn September this year, the U.S. subprime crisis triggered by the global financial crisis, prices of steel raw materials and products resulting sharp fall in the mainland market, entered the cold stainless steel, known as "China's steel town" and "steel town" wearing nanzhen more bear the brunt. Including wearing South stainless steel market, including more than 400 businesses, the town nearly 1,200 companies in general a loss of stainless steel, of which more than 60% of the enterprises are in a cut-off or semi-shutdown state, the rest are forced to limit production or changing products. November 10, the famous stainless steel companies to Special Steel Co., Ltd. Jiangsu Hennessy, chairman of package Cunlin strand breaks and drowned himself because of money, in a time of panic throughout the stainless steel industry.
Town, South stainless steel market, the head wear, the business Liu Yang (pseudonym) is still lying inside watching TV, "a financial tsunami, we have become easier. The past, this time it is busy Now the New Year, but even more than idle. "while he smoked a cigarette, while said with a slight laugh," It is now no business, after lunch, every household will have begun a mahjong. "
Liu Yang, a stainless steel market in the Dai Nam has opened a "mom and pop", mainly engaged in stainless steel sheet.
60% cut-off semi-cut-off companies Dainan in eastern Jiangsu Province Xinghua city, has always been famous for the production of stainless steel products business. However, this town's total population of 10 million people, however, the number in stainless steel industry, as many as 60,000, an annual output of 700,000 tons of stainless steel products, accounting for about one-seventh of the total output. Introduced so many local people out when their homeland will be very proud to say that "wearing the South only the annual production of stainless steel wire can circle around the Earth 9."
The same time, there are two franchise Dainan stainless steel raw materials and products, the professional market, that is wearing the South stainless steel market and steel trading Dainan City. Currently, the two markets have more than 400 merchants, the annual turnover has more than 50 billion yuan in the industry's influence should not be underestimated.
11 26 and 27, two days, two newspaper reporters came to the market. Scene, wearing a steel trading town south approximately 90% of businesses have been closed on, the business is still in business wants to come. Wenzhou Ji is still operating a business that many traders had been purchasing high price, but in the case of the price drop, sales of existing prices certainly lose money, "do not do not as a loss" and therefore most Select a temporary suspension of business, such as re-opening after the price rise, or go directly to the store purchase. His own shop as much inventory is currently struggling to support their prime, but if markets deteriorate further, I am afraid that inevitably ceased.
Wearing South stainless steel market situation is much the same. Undertake a special stainless steel logistics business employees, said in the past day or so at least send 50 tons of cargo, the company simply can not meet the 8 truck demand. But now a serious shortage of supply, the company had Internet sourcing and freight costs per ton of cargo from the original 400 yuan to 300 yuan Even so, the day before the operation was less than half the volume. The depressed market is evident.
Year price slump Jiucheng Dainan a stainless steel business owner, said the Chinese steel industry through the madness of 2006, soaring, the greater volatility in 2007. In September this year after the outbreak of the international financial crisis, the price is way crash. The main raw materials such as stainless steel nickel prices in the previous year by as much as 480,000 yuan per ton, in August this year to 15 million, while the current price of only 7 million. Fell more than 50% just three months, other parts of the raw material prices decline even up to about two-thirds.
Raw material prices have also led directly to the dramatic fall in prices of stainless steel products, such as 304 stainless steel, the current price of just over 10,000 yuan per ton.
In this context, the previous high value of the goods purchased have a substantial inventory shrink, and "The more inventory, more losses."
