Stainless steel pipe market will consolidate operation

Aug 08, 2021

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The stainless steel pipe market will consolidate. The domestic pig iron market is mostly stable and the transaction situation is average. The quotation of steel-making pig iron was stable, and the transaction was relatively light. It is understood that some iron plants indicated that the downstream purchases of current steel-making pig iron are cautious, the demand is not much, and the transactions are mostly based on a single negotiation. The cast iron market has a strong wait-and-see atmosphere. Foundry plants are not very enthusiastic about purchasing cast iron, so downstream orders have begun to decrease, which is difficult to form strong support for the cast iron market. It is understood that the suspension and reduction of production in iron foundries are common, and there are not many spot resources in the market. According to the iron factory, the raw material market has been steadily rising recently, which has provided strong support to the pig iron market, but the downstream demand has not improved significantly, so the price has temporarily stabilized. To sum up, it is expected that the domestic pig iron market will remain stable in the future. The transaction was fair, and due to this impact, the transaction of direct-issuing resources from steel mills was not so bad. In the morning, the price of small and narrow strip steel continued to rise by 30 yuan. Due to limited resources, gcr15 bearing steel pipes were sold smoothly after the increase. Most manufacturers sold their daily output in the afternoon; the resources of profile materials rose continuously by 20-40 yuan. Slowing down, but the market mentality is still relatively positive; building materials rose by 10-20 yuan, and shipments were weak.

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