2016年2月29日星期一

After Rising, Steel Prices Facing the Pressures for Retracement

After the Spring Festival, China steel market has big up-trend more than a week, part of the market price sheet has achieved the highest rate of increase 30 usd / ton. Compared with the majority of pre-holiday market, most market have ranged 7-23 usd/ton gains. But the steel market can’t be blindly rising, the demand does not sync up, and the trigger price increases stimulate the steel mill’s enthusiasm for recovery production. Also, it stimulates the iron ore and other raw materials to the emergence of a higher increase. However, this is not conducive to the development of the steel city itself, at the same time it increased the supply and demand of steel late. This time, the market needs to think rationally, how stable development, it is necessary to be able to accept by the end demand, but also to push prices farther away longer, the industry does need a consensus to work together.
Rebar
Building materials price fell these two days, Most Chinese rebar market prices fell 1-3 usd/ton, basically the rest of the market in a steady state, farewell for up trend.
Sheet
The steel sheets market has been in up trend, Market in Shanghai, Tianjin, Taiyuan area have been down 2-5 usd/ton, which is Taiyuan hot-rolled 4.75mm thickness down 5 usd/ton. Medium plate in Taiyuan also falls, general plate and alloy plate have been down 6 usd/ton. Apart from a few market in Shenyang, Changsha, Chongqing and other rose slightly, the other markets has been largely restored stability. From the spot market, is about to enter March, the domestic market prices of building materials blocked, while the board automotive and appliance industries, although in good shape after the holiday, but the cold plate as the representative varieties Festival but did not appear as hot rolled, plate like gains, relatively deserted. Machinery, shipbuilding is still no significant increase in orders for the phenomenon.
Stainless Steel
According to market survey, it learned that 304 CRC resource after watching, some businesses appear 7-15 decline. Overall resource stock is still relatively abundant, larger businesses competitive pressures, competition for market share, short-term price slightly under pressure.
From the situation, the amount of steel after the Spring Festival to present the actual resumption of production is small, daily iron water of 20,000 tons or less. Steel mills Plan resumption of production of steel in more than 60,000 tons will be on beginning of March. Currently the average daily crude steel production is still at the level of 2.1 million tons or less. But if the situation is not conducive to the steel resumption of production, the situation will be changed, eventually re-production will not change much. The key factor in the market is still demand in this regard is the normal demand for the release can meet the actual level in March; it also depends whether the end user can accept the raised price after the Chinese New Year.
Overall, steel prices through the Festival and continuously pull up after Festival, it need to rest, and the price appropriate retracement is normal, of course, there is not exist a condition for retracement, so there is no need to panic in the market.
Want to know more price change? Please contact me freely. China National Building Materials Group Corporation is the full name of CNBM, which is one of the largest state-owned groups in China, and listed in the Fortune 500 Enterprises. We are specialized in stainless steel product, steel billethot rolled steel, cold rolled steel etc. 












Related Reading:
After the Spring Festival, Chinese Billet Become Monkey King Break Through The Sky




2016年2月17日星期三

After the Spring Festival, Chinese Billet Become Monkey King Break Through The Sky

This year is Monkey year in Chinese traditional Zodiac year. It seems that this Monkey year bring good news to Chinese steel market. Only within a few days after Spring Festival, Chinese billet market rose 13 USD /T. Investigate its rise for three reasons:

1.Blast furnace operating rate is low. Pre-holiday blast furnace maintenance more and blast furnace operating rate less than 85%. The average product more than 5% lower compared with last year.

2.Billet steel inventory is less. After Festival Chinese Billet market inventory is less than 60 0,000 tons. Billet market inventory is less than over 50% compared last year inventory.

3.The rolling plant raw material low inventory. Because Rolling Plant have holiday late, it increase output. Meanwhile, some companies lack of confidence in the market after Festival and did not fill the inventory timely, their inventory is relatively low. With downstream moderate replenishment, it makes the rolled material transactions volume rise. Particularly, the transaction for shape steel is comparatively good, and the market showing gains.


Although the blast furnace to resume production after the holiday phenomenon has increased, some part of the early manufacturers on the verge of collapse is expected to resume production. However, in the short term the demand is too concentrated, and the resumption of production of blast furnace is not an easy thing, Chinese billet market remains tight in short-term. The market is expected to continue pull up. But…..The problem comes up, inevitably some people begins cautious worried, will the Monkey King of Chinese billet break through the sky? In fact, some region billet is still loss in production for a long time, even though the immediate short-term raise can’t make some mills get rid of the shackles of losses. Spring blossoms, let the monkey of Chinese billet jumping tap for some time now, the steel industry has long been frozen and need such rising trends.

Want to know more? Please contact me freely. China National Building Materials Group Corporation is the full name of CNBM, which is one of the largest state-owned groups in China, and listed in the Fortune 500 Enterprises. We are specialized in stainless steel product, steel billet,hot rolled steel, cold rolled steel etc.


















Related Reading:





2016年2月16日星期二

The Difference between 316 and 316L Stainless Steel


Stainless steel 316 has the performance of ultra-high heat-resistant,ultra-resistant,high strength, ultra-easy processing etc., what exactly difference between 316 and 316L? 316L stainless steel has a wide range of applications in the chemical industry because of its excellent corrosion resistance.316L stainless steel is also a derivative stainless steels of 18-8 austenitic, and it add 2% to 3% of Mo elements. On the basis of the 316L stainless steel, also derived from many kinds of steel, such as adding a small amount of Ti derived 316Ti, after adding a small amount of N derived 316N, increased Ni, Mo content derived 317L. Mostly 316L on the market is produced in accordance with American Standard. For cost reasons, the steel mills generally try to limit down Ni content.

According to American Standard provisions, Ni content of 316L is 10% to 14%. But the Japanese standard provides that, Ni content 316L is 12% to 15%. According to The minimum standard, American standard and Japanese standard have difference on the Ni content of 2%.it reflected in the price is still quite huge, so customers in the purchase of 316L product still need to see the product is in accordance with ASTM or JIS standard.
Mo content makes the 316L steel has excellent resistance to corrosion, it can be safely applied under the environment containing Cl- and other halide ions. Because 316L main application is its chemical properties, surface inspection 316L steel for the less demanding (relative to 304 stainless steel), the surface of demanding customers to strengthen the surface inspection. Because 316L and 304 have a considerable gap in price, some unscrupulous traders pretend 304 to be 316L for sale. Since the 304 stainless steel has no corrosion resistant, if perforation happens will cause leakage, which will cause major accidents in the chemical industry, it is recommended that customers purchase products that do the chemical composition analysis to ensure safety.

Currently on the market there is no a lot steel 316, the C content in 316 stainless steel is the upper limit of 0.08%, while the upper limit of C content in 316L stainless steel is 0.03%. Now that refining technology is very mature, steel mills can be good at lower the C content, while the market demand for 316 is not large, so generally steel mill only sell steel 316L.
316 and 316L due to different C content, there are gaps in performance. The higher C content more easily lead to intergranular corrosion. For example, when the welding time, Higher C content will also raise tensile and yield strength of 316 stainless steel.
 As can be seen from the above data, if the customer needs to stainless steel welding, we recommend using 316L. If don’t need to welding and have a higher strength requirements on stainless steel intensity, you can choose 316.

Want to know more? Please contact me freely. China National Building Materials Group Corporation is the full name of CNBM, which is one of the largest state-owned groups in China, and listed in the Fortune 500 Enterprises. We are specialized in stainless steel product, steel billet,hot rolled steel, cold rolled steel etc.


Related Reading:

Steel Raw Materials Market to stabilize, Billet Steel Prices Inched Up Part

As of today, the main steel raw material spot market remained stable, the market price of billet steel section was up, the shipping market rose slightly.

National billet steel prices inched up portion, wherein the Tangshan region rose 20-30 RMB / Ton, steady elsewhere. It is understood that the majority of steel mills are still in the current holiday, where some manufacturers inventory is large, late billet market is not clear. With the return to work after the holiday, billet prices also rebounded synchronously.

Scrap steel market stays steady, some manufacturers continue to back the market, but rarely traded. It is understood that after the holiday opening, vendor operability is not strong, the market see steel market atmosphere, but not the actual transaction. It is expected that scrap market will remain weak and stabilizing in short-term.


Not only the billet steel market is up, also the same with shipping market.Dry bulk shipping market rose slightly, driven by rising Panamax vessels, all other ship were to continue to decline. Currently Brazil to China ocean freight $ 5.693 / ton, up $ 0.034 / ton (15-18 Million tons); Western Australia to China ocean freight $ 2.844 / ton, up $ 0.009 / ton (Million tons); South Africa to China US $ 3-4 / ton (15-18 Million tons); Iran to China 8.5-9.5 US dollars / ton (2-3 Million tons). Southeast Asia shipping activity deserted now shipping port in southern China to Indonesia US $ 2.5-3.5 / mt (7-8 million tonnes); US $ 3-4 / ton (5-6 Million tons).

Want to know more? Please contact me freely. China National Building Materials Group Corporation is the full name of CNBM, which is one of the largest state-owned groups in China, and listed in the Fortune 500 Enterprises. We are specialized in stainless steel product, steel billet,hot rolled steel, cold rolled steel etc.






Related Reading:

2016年2月1日星期一

Do You Know Billet Steel Basic Knowledge?

Billet steel products are steel making furnace products obtained after casting. Billet steel from the manufacturing process can be divided into two types: die casting and continuously cast bloom, die casting now has been basically eliminated. From the shape, billet steel divided into two types:
1)    Slab Steel: The ratio of cross section width and height is bigger, mainly used for rolling steel plate.
2)    Billet Steel: Equal cross section width and height, or the difference is not big, mainly used for rolling section steel, wire rod.


Billet Steel Specifictaion:
ü  Billet Steel Standard: Billet Steel Q195, Billet Steel Q215, Billet Steel Q235, Billet Steel Q275, Billet Steel Q345, Billet Steel Q255
ü  Billet Steel Thickness range: 150-240mm +/- 5mm
ü  Billet Steel Width: 880-1530mm +/- 20mm
ü  Billet Steel Length: 3700-10000mm +/- 500mm
ü  Billet Steel Cross-sectional Dimension: 64 * 64; 82 * 82; 100 * 100; 124 * 124; 150 *150,160*160,165*165
ü  Billet Steel Length: 6000mm/9000mm/12000mm
ü  Billet Steel Section Tolerance: billet: + 1.0 / -2.0 ---- + 3.0 / -1.0mm slab: Width: +/- 2.0MM thickness: +/- 3.0MM
ü  Billet Steel Length tolerance: +/- 200MM
ü  Billet Steel Section Diagonal tolerance: 3.5-8.0MM
ü  Billet Steel Decapitation (shear) extended deformation: <1242MM billet: no control; slabs: <= 15MM
ü  Billet Steel Bending: Every length does not exceed 10MM per 1M
ü  Billet Steel Twist: length <= 5M, <= 11. ; Length <= 7.5M, <= 5.
ü  Billet Steel Material 3SP / PS chemical composition%: C Mn Si S P

 Want to know more? Please contact me freely. China National Building Materials Group Corporation is the full name of CNBM, which is one of the largest state-owned groups in China, and listed in the Fortune 500 Enterprises. We are specialized in stainless steel product, steel billet,hot rolled steel, cold rolled steel etc.







Related Reading:

Chinese Steel Market Price Analysis Before Spring Festival

Last week, Chinese spot steel price index fell 0.26% compared to last week. At present, China steel futures steel market has experienced a decline after the high point. At the same time, Chinese steel billet prices are slightly down. The Chinese traditional New Year holiday is approaching, many traders are gradually away from the steel market, Chinese spot steel market trading atmosphere is cold. Chinese steel market prices have entered the pre-holiday mode. However, the global iron ore market is still running low, in the case of low overall inventory, the traders keep stable state of mind, because the price adjustment space is limited.

According to the analysis, in the construction steel market, prices fell slightly in. Within a week, southern China steel prices fell 10-80 RMB, only parts of northern China rose slightly. Year approaching, because the construction site plan to have holiday continuously, the steel market demand is more limited. In the case of low stock market, some traders offer slightly higher, however some traders are slightly loose on the offer.

On the Chinese steel plate market, prices were generally steady. Chinese hot rolled coil price small rise, Chinese hot rolled coil prices in southern rose 10-20 RMB this week, while central China hot rolled coil prices fell slightly. Chinese steel plate prices show a weak state, northern China plate prices in one 10-30 RMB with a week, while China Southern plate prices rose slightly.

Relevant analysts believe that because of Chinese traditional Spring Festival in February, most of the time Chinese steel market transactions will be in the basically stagnant situation, China steel price will run smoothly. Given the current chain stocks are low, the late steel market for the Chinese "to production capacity," the policy of high hopes, after the effect of the past Spring Festival, Chinese steel prices will moderate slightly pulled.

Want to know more price change? Please contact me at sophiapan@okorder.com. China National Building Materials Group Corporation is the full name of CNBM, which is one of the largest state-owned groups in China, and listed in the Fortune 500 Enterprises. We are specialized in stainless steel product, steel billethot rolled steel, cold rolled steel etc.







Related Reading: