After the sharp rise in raw materials such as iron ore and the multiple impacts of domestic steel prices, the domestic steel industry's transcripts in the first half of the year were not satisfactory. In the first half of the year, the steel products of the key statistics were only 3.47%. . A Blind flange is round plate which has all of the relevant boltholes but no center hole, and because of this feature this flange is used to close off the ends of a piping systems and pressure vessel openings. It also permits easy access to the interior of a line or vessel once it has been sealed and must be reopened. Blind Flange,Forged Blind Flanges,EN1092-1 Blind Flanges,Forged Steel Blind Flanges Shandong Zhongnuo Heavy Industry Co.,Ltd. , https://www.zhongnuoflanges.com
According to the latest data released by China Steel Association, the profit margin of steel products produced by key enterprises in the first half of the year is only 3.47%, which is far lower than the average sales profit rate of industrial enterprises above designated size. The whole industry is still in a low-efficiency state. .
Since February, the growth rate of domestic steel demand has been declining month by month. "Social demand for steel has slowed down." The Secretary-General of China Steel Association, Shan Shanghua, said that for the steel industry, the factors of uncertainty and instability in the second half of the year are not reduction but increase. “Steel production must reduce production in case of serious oversupply, to reduce enterprises and society. Inventory, the second destocking."
The situation is not optimistic
Judging from the statement of China Steel Association, the situation of the domestic steel industry in the second half of the year is not optimistic. "Society has slowed down the growth of steel demand, and this should be highly valued by us." Shan Shanghua pointed out that in the case of severe oversupply, steel production must be reduced to reduce corporate and social inventories. The second time went to "inventory."
According to the reporter's understanding, if calculated according to the crude steel production level in May, the annual crude steel output will reach 650 million tons, which will increase by nearly 80 million tons compared with the previous year. If this level of production is maintained, the supply of the whole industry will exceed demand in the second half of the year. The contradiction will be more prominent.
At the same time, as the price of raw fuels rises and steel prices fall, a large number of companies will fall into losses in the second half of the year. Shan Shanghua pointed out that with the continuous decline in steel prices since May, the prices of raw materials such as iron ore have risen, and some companies have been burdened with losses and lost money. This situation is difficult to reverse in the second half of the year.
In addition, the difficulty of exporting domestic steel products has also increased. It is understood that the current international steel market is also characterized by oversupply, and prices have risen and fallen, and the price difference between the international market and the domestic market has narrowed.
The blind flange is used to close ends of piping systems. It is a kind of round plate with no center hold but with all the proper bolt holes. This blind flange is available in various sizes and materials and is used to provide positive closer on the ends of pipes, valves or equipment nozzles. This flange helps in easy access to a line once it has been sealed. The blind flange is sometimes custom made or machined to accept a nominal sized pipe to which reduction is being made.
China Steel Association: Steel companies must cut production of large enterprises or fall into losses in the second half of the year
Abstract After the large increase in raw materials such as iron ore and the continuous impact of the continuous decline in domestic steel prices, the domestic steel industry's transcripts in the first half of the year were not satisfactory. In the first half of the year, the steel products of the key statistics were only 3.47. %. China Steel Association announced...