US tariffs have spread across the globe, and the steel market has been “splintered”
Rebar futures market will be weak in early August
In July, rebar futures prices fluctuated all the way down, and the price at the end of the month fell by about RMB 200/ton from the beginning of the month.
OIL PIPELINE PIPES SUPPLIED TO SOUTH AFRICA AFTER INSPECTION
In April 2019, the oil pipeline project of the old South American customer was launched. At that time, we updated the price to the customer. After more than half a month of negotiation and communication, the customer finally chose us to cooperate with xinyue.The order quantity is close to 2000 tons.
Middle Eastern customers repeat the order again
LSAW steel pipe is XINYUE’s main export products, we have full export experience. This new contract is from UAE customer, which have cooperate together for 3 years.
Iron ore futures price fluctuates at a high level
Last week. The black futures price was pre-suppressed, and the raw iron ore and coke competed. The main contract of iron ore was affected by the news of the revised standard of the company, and it stabilized and rebounded after the deep correction.
The main issues to be concerned about in the later market
First, the release of steel production capacity remained at a high level, and the balance of supply and demand in the market was under pressure. In June, the national crude steel output was 2,917,700 tons, a record high.
Hot Products
ASTM A312 Seamless Stainless Steel Pipe
Oil & Gas Line Pipe
ASTM A252 Piling Pipe
Oil & Gas Pipeline
