The Taiwanese media reported that, as expected by the market, Yulian announced the reduction in April's price yesterday, the main product 300 series products both domestic and foreign sales prices fell, and the decline was higher than market expectations, and Tang Rong's opening price today is expected to be quite . However, the market believes that the reelection price of Yulian is delinked from the provincial production and import market. The downtrend of the new market will not help, because the ex-factory price cannot still compete with the existing market.
Yulian announced yesterday that in April domestic sales of 300-series products will be reduced by NT$5,000/t, while exports will be in the range of US$150-170/t, which is in Pingpan. Tang Rong will be opened today, and the market believes that the price should follow suit.
Due to the fall in nickel prices and the sluggish demand for stainless steel, the stainless steel market plunged endlessly. In the steel mills lowered the price, the market conditions only fell. However, the industry believes that in terms of the current market situation, how to fall cannot keep up with the price competition of other provinces' production materials and imported products.
The industry pointed out that in terms of the coil ex-factory price, the current market conditions have inverted prices of around RMB 4-5,000/ton, so the April decline was at best catching up with the current market, but the prevailing market price fell more than the ex-factory price. After falling down, other sources fell again, still unable to resist.
The industry criticized that low-cost imports were unscrupulously scrambled in the market, steel mills sit back and watch, and the reaction was slow and half-paced, resulting in how the downstream could not catch up with the price competitiveness of imported materials. Therefore, the April market should continue to reflect the decline in steel mills, but it is expected that there will still be no benefit to entering orders. The industry hopes that steel mills should have other substantial subsidies, otherwise they will fall back and the operators will find it difficult to sustain.
Yulian announced yesterday that in April domestic sales of 300-series products will be reduced by NT$5,000/t, while exports will be in the range of US$150-170/t, which is in Pingpan. Tang Rong will be opened today, and the market believes that the price should follow suit.
Due to the fall in nickel prices and the sluggish demand for stainless steel, the stainless steel market plunged endlessly. In the steel mills lowered the price, the market conditions only fell. However, the industry believes that in terms of the current market situation, how to fall cannot keep up with the price competition of other provinces' production materials and imported products.
The industry pointed out that in terms of the coil ex-factory price, the current market conditions have inverted prices of around RMB 4-5,000/ton, so the April decline was at best catching up with the current market, but the prevailing market price fell more than the ex-factory price. After falling down, other sources fell again, still unable to resist.
The industry criticized that low-cost imports were unscrupulously scrambled in the market, steel mills sit back and watch, and the reaction was slow and half-paced, resulting in how the downstream could not catch up with the price competitiveness of imported materials. Therefore, the April market should continue to reflect the decline in steel mills, but it is expected that there will still be no benefit to entering orders. The industry hopes that steel mills should have other substantial subsidies, otherwise they will fall back and the operators will find it difficult to sustain.
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