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Shandong Ju Manganese Steel Co., Ltd.
Shandong Ju Manganese Steel Co., Ltd.
Shandong Ju Manganese Steel Co., Ltd.

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The contradiction between supply and demand in the steel market has improved. Looking forward to the spring market

  • Categories:Company News
  • Author:
  • Origin:
  • Time of issue:2020-07-16 08:31
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(Summary description)

The contradiction between supply and demand in the steel market has improved. Looking forward to the spring market

(Summary description)

  • Categories:Company News
  • Author:
  • Origin:
  • Time of issue:2020-07-16 08:31
  • Views:
Information

Every year from March to May, it has been regarded as the traditional peak season of the steel market in the first half of the year. However, in March this year, while major steel companies raised their ex-factory prices, the demand of the steel market failed to increase as expected. Traders have been looking forward to it. The spring market has not yet appeared. In the blink of an eye, in April, traders expect steel market to usher in a veritable "Silver IV." Steel market turnover improved significantly at the end of March After a month of continuous decline, at the end of March, the steel market ushered in a long-lost price increase, coupled with rising trading volume and declining inventories, allowing traders to see the hope of a rebound in the steel market. In the constant expectation of traders, the demand for steel used in the downturn since the Spring Festival has finally begun to exert its strength. “The demand in the steel market has improved. The transactions in these days have obviously been good.” Bai Jinglong, deputy manager of the marketing department of Beijing Chaoyin Shunde Trading Co., Ltd. said that after the two sessions, with the large-scale construction of outdoor construction projects, in the process of market inventory decline With the complete start of market demand, the market conditions have clearly improved in recent days. "As of the end of March, we have exceeded one billion sales." Wang Yongfu, chairman of Beijing Pude Metals Group, said that we can create a good performance this year. We did not lose money in January and February, and entered in March. A normal period of development. Moreover, the current steel trade industry does not make money as everyone imagines, and many small and anonymous enterprises have gradually grown bigger in this process. Prior to this, the steel market demand in March failed to start as scheduled, far from the expected market recovery. In early March, China's steel market continued to decline under the stimulus of the “National Five” rules to strictly

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