Since this year, domestic steel production maintain a high level, the domestic steel market oversupply situation is still present, steel prices low volatility.Because the cost is high, the enterprise economic benefit is a downward trend, business situation of the industry is still grim.

Although domestic market into the steel consumption season in the second quarter, market demand start lower than expected from the overall, the sharpening contradictions between the market oversupply.Although stocks began to decline since April, falling speed is accelerated in May, the inventory level is still at the higher level which pressure to late market.In addition, along with the increase in the number of trade friction event against China, the export of steel products will further increase the difficult in our country.Steel production costs have fallen sharply, hard difficult to improve the economic benefit, iron and steel enterprises reduce cost and increase efficiency difficult.

                                                                             XINSTEEL NEWS