Although the stainless steel coil plate market is sluggish, it still has a "surge"

Release time:

2023-05-01

The 2017 midterm report of steel listed companies may usher in a rare high growth situation in history. Now the price of steel market is rising, which has a significant relationship with the continuous rebound of coal and other raw material prices. Not only raw materials, but also freight costs are further rising, which makes the spot cost of steel rising to a high level. And this wave of price increase is not due to high demand, but rather a decrease in demand, which has led to a sharp rise and fall in the prices of stainless steel plate manufacturers and stainless steel coils this year.
Yesterday, Hegang Co., Ltd. released a mid year performance forecast, predicting a profit of 1.15 billion yuan to 1.27 billion yuan in the first half of the year, a year-on-year increase of 181.17% to 210.51%, which will be the third highest growth rate of mid year performance in the 20 years since its listing. Recently, the futures prices of steel have continued to rise, and the spot prices of stainless steel plate manufacturers and stainless steel coil plates have also skyrocketed. In addition, the supply prices of raw materials such as iron ore have been continuously rising, making the current steel market still "booming" despite being sluggish. However, various steel traders should also see the crisis in the "rising". Analysts believe that supply side reform and rising steel prices have driven a significant increase in the industry's prosperity, and the steel industry's reported performance will generally exceed expectations.

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