Steel price fluctuation does not hinder the transformation and upgrading of the iron and steel industry

Take the steel industry in the upstream of the industrial chain as an example. Since the middle and late December of last year, steel prices in the domestic market have entered a rebound channel. Especially after March this year, steel prices rebounded significantly faster. But since May, steel prices have declined. Iron ore, coking coal, coke and other bulk commodities are also similar. These black commodities once attracted foreign capital bees to enter the market. Although the price of steel has fluctuated several times in recent years, the overcapacity of iron and steel has not changed. And the recent sharp correction of steel prices has once again broken the market’s longing for the steel market, which has continued to be depressed for some of the listed steel enterprises.
CITICIC is mainly engaged in the designing and manufacturing of large machinery components and non-standard machinery parts,including shafts,gears sprockets,sheaves,couplings,bearing supports,castings and forgings etc.the products are mainly used in the fields of mining,petroleum,cement,steel mill,power plant,sugar factory etc.the material of products can reach more than one hundred types,which can meet different national standards.

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Post time: Jun-16-2016
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