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Analysis of factors causing fluctuations in China's stainless steel market
Release time:
2018-09-05
Since 2012, the situation of China's stainless steel market has been broken, the domestic stainless steel market often fluctuates, so what causes the fluctuation of China's stainless steel market, let's analyze together.
Since 2012, the situation of China's stainless steel market has been broken, the domestic stainless steel market often fluctuates, so what causes the fluctuation of China's stainless steel market, let's analyze together.
First of all, the stainless steel export situation is not optimistic. Due to the slow recovery of the global economy, the intensity of demand for steel has weakened, and the world's stainless steel overcapacity has highlighted the contradiction between supply and demand. World steel market research company Mapps International recently predicted that global crude stainless steel production will increase by 3% in 2013 to a record high of 35 million tons. This will increase the difficulty of China's stainless steel exports. Coupled with the intensification of international trade friction, the increase in anti-dumping lawsuits against China's stainless steel exports has exacerbated the difficulty of China's stainless steel exports.
Secondly, changes in the upstream nickel, chromium and other raw materials market will have an impact on the domestic stainless steel market in 2013.
Third, the homogenization competition in the stainless steel market is becoming increasingly "white-hot", and the competition among ordinary road products is becoming more and more fierce. The business strategy of "reducing prices without reducing production, allowing profits to prevent the market" among steel mills has artificially suppressed the market price of stainless steel.
Fourth, stainless steel production capacity expansion, production increase, supply is greater than demand situation may appear. my country's existing stainless steel production capacity has been severely surplus. The current capacity utilization rate is less than 62%, which is 22 percentage points lower than the steel industry. The capacity utilization rate is insufficient. Once the stainless steel market warms up, prices rise, and steel mill production capacity is released, the supply will be oversupply. The situation has intensified, curbing the rise in stainless steel market prices, or fluctuating.
The above four factors are the main reasons for the fluctuation of the domestic stainless steel market. Looking at the price changes of China's stainless steel market in the first quarter of 2013, China's stainless steel market is mainly dominated by downward price fluctuations, and the living environment of China's stainless steel industry is still relatively difficult.
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