Industry news

In the first half of 2020, the welded pipes in North China show a trend of frequent vibration and fluctuation. Prices continued to go down in January and February this year, and a wave of small bills came in mid-March.

The year 2020 will mark the end of efforts to cut overcapacity in key industries such as steel and coal. Recently, the central and local governments at all levels have introduced successive measures, and a new round of capacity cutting is accelerating.

Recently, an industry organization released a report on the use of big data to analyze the steel market trend in 2020, attracting the attention of industry insiders.

The latest FIGURES from the WHO show that as of 9pm Beijing time on June 29, the number of confirmed cases of COVID-19 outside China has exceeded 9.75 million

From 2020 to half a year, the epidemic and its associated impacts have continued to this day.For the steel industry, the epidemic is more like a double-edged sword.

The last trading day after the holiday, the market has entered the mode of vacation, the enthusiasm of the market transaction is not high, wait-and-see, futures shock adjustment, spot prices are mostly stable.

In 2016, with the opening of the steel industry supply-side structural reform policy, China's steel industry ushered in a turnaround.

China's GDP fell sharply in the first quarter of this year due to the coVID-19 outbreak.

In the second quarter of this year, as the country's fight against coVID-19 has achieved initial results, work and production have returned to normal.

This week, the domestic steel market as a whole is in the high volatility of the market, the beginning of the week by the iron ore supply is expected to contract, the period is a small price rise,