Influenced by season, the late steel production was down, demand for iron ore will further weaken the intensity,seamless steel pipe astm a106 gr b iron and steel enterprise economic benefit is still at low levels, coupled with the domestic market of iron ore resources are still appears as an oversupply situation, the late iron ore prices still have further down space.
1, lower steel production annulus,Longitudinal Welded pipe and tube is on the decline in demand for iron ore
Ten-day reports according to the iron and steel association statistics, 9 months early member enterprise accumulated nissan 1.742 million tons of crude steel, fell 32000 tons, fell by 1.84%; Slow growth in market demand, under the condition of iron and steel production volume down,ERW carbon steel pipe ASTM A106/A53 demand for iron ore strength declined, iron ore prices to fall in.
2, the iron ore market continue to render an oversupply situation
According to the national bureau of statistics, 1 - in August, the total output of 480 million tons of pig iron,JIS 5K Plate flanges year-on-year increase of 29.8 million tons, must be finished ore 50 million tons. While the domestic iron ore (ore) production increased by 57.16 million tons, 40.21 million tons of imported iron ore quantity increased, the total amount to finished ore 56 million tons, is significantly higher than the amount of iron ore to pig iron for steel making production; In late September, the import iron ore port stocks of 72.33 million tons, fell 660000 tons, the overall level is still high. In the late iron ore markets continue to present an oversupply situation.
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