The market prediction for building steel manufacturers

In fact, the development of building steel manufacturers does not go so well in China, because the prices of deformed bar and wire still remain at low levels, which bring some challenges for the export business of construction materials. According to the current market situation, some predictions have been made as follows:

 

The first is the huge losses of the steel industry, including the sales of high quality hot rolled deformed bar. At present, several factories have put forward requirements of price limitation, which will exert influence on the continuing decline of the prices. Moreover, they don’t want to sale the steel in low price, because the losses are hard to afford. The second is for the increased maintenance and reduced production. To take moderate control of capacity releasing and regular equipment maintenance is expected to ease supply and demand. The third prediction is the increase of exported steel, which is likely to continue and will bring favorable advantages for the building steel market.

 

In addition, the demand has not been significantly released, which results from the shortage of capital for some projects. Of course, for foreign consumers who are going to buy alloy deformed bar or packaging materials, the most important thing is to seize the market opportunities.