Home / News / Industry News /

Positive factors have gradually emerged in China's steel market

Positive factors have gradually emerged in China's steel market
Mar 17, 2023 page view:9


Recently, positive factors have gradually emerged in the domestic steel market. First, steel inventory has been reduced rapidly, and demand release has accelerated.

According to survey data, last week's steel inventory totaled 26.22 million tons, a decrease of 920000 tons compared to last week, higher than last week's 730000 tons; The second is that the demand for infrastructure construction has started to generate momentum. Statistics show that the number of excavator operating hours in February was 76.4 hours, with a year-on-year increase of over 60%. The rate of earthworks operating has increased significantly. With the arrival of the peak season, the intensity of downstream demand will further increase; Third, the cost side support is strong, and in the context of demand growth, there is little likelihood of significant fluctuations in raw fuels; Fourth, good external demand, significant growth in steel exports, continued contraction in overseas steel production, demand for downstream inventory replenishment, and increased domestic and foreign price differentials are the main reasons. In the near future, steel exports will continue to maintain growth.

BBN Group provides you with Positive factors have gradually emerged in China's steel market so you can keep up with the latest news of BBN Group, and you can learn Industry News and all BBN Group news . And BBN Group products and services , BBN Group cases .
Back to list
I Want To...
Latest News
More News
The recommended preheat temperature for welding ASTM A285 C grade steel depends on several factors, including the thickness of the material and the
ASTM A285 GrC is a low to intermediate tensile strength carbon steel plate used in pressure vessel applications. The recommended post-weld heat trea
Get An Instant Quotation
Please fill out the form below (required *), send us a short message, and we will contact you as soon as possible.
  • Metallic materials
  • Metal processing
  • Pipe processing
  • Precision casting
  • Oil and gas storage equipment
  • Environmental Engineering Services
  • Furniture Life
  • Fertilizer Production Equipments
  • Fertilizer Production Lines
Consulting online customer service
International Leading Steel Supplier
BBN continues to enhance value creation and firmly promote social harmony
Copyright © 2020 by BBN Group All rights reserved豫ICP备19040928号-1