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  • 2019 - 03 - 23
    Evergrowing Resources Co., Limited was built by the founder of Mr. Ge in HK, 2016. He worked on steel industry for more than 15years till now. He and his team have exported more than 200,000mt different kinds of steel material to Southeast Asia, Europe, Africa, North America and etc till now. Evergrowing Resources Co., Limited, as a leading supplier of hot rolled and forged material supplier in Ch...
  • 2019 - 03 - 11
    Article source: China Steel Price Network As the weather gradually improved, the steel market “Golden Three Silver Four” gradually approached. After the cold winter of some downstream industries experienced last year, the policy of the “two sessions” will make the demand warmer? What is the release of capacity this year?In this issue of Mysteel, we invited Hu Shinan, a hot and cold rolling an...
  • 2019 - 03 - 11
    Article source: China Steel Price NetworkRecently, for the steel market, the release of good news is increasing, with two key points.One is tax cuts. The current 16% tax rate for industries such as manufacturing is reduced to 13%. From the perspective of production links, the reduction of tax rates will help reduce the cost and burden of steel producers, thereby reducing and improving the asset-li...
  • 2019 - 03 - 11
    Article source: China Steel Price NetworkSince late February, steel futures prices have shown a unilateral upward trend. Last week's rebar 1905 contract fell 1.30% to 3,723 yuan / ton. The Hot Roll 1905 contract fell 2.95% to 3,712 yuan / ton. In terms of rebar spot, compared with the previous week, Shanghai fell to 3,850 yuan / ton, Guangzhou fell to 4,220 yuan / ton, Beijing fell to 3,810 yuan /...
  • 2019 - 03 - 11
    Article source: China Steel Price NetworkThe domestic spot steel market continued to pick up, steel prices rose slightly, and market demand began to release. The iron ore market is basically stable, and the import price has risen slightly.According to the latest market report provided by domestic steel information agencies, the domestic spot steel price index closed at 144.22 points in the most re...
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2019 - 03 - 23
Evergrowing Resources Co., Limited was built by the founder of Mr. Ge in HK, 2016. He worked on steel industry for more than 15years till now. He and his team have exported more than 200,000mt different kinds of steel material to Southeast Asia, Europe, Africa, North America and etc till now. Evergrowing Resources Co., Limited, as a leading supplier of hot rolled and forged material supplier in China, always places product quality as the first priority. Therefore we seriously recommend you to choose us as your super supplier on hot rolled and forged steel materials. We would take full responsibility for the quality and authenticity of our products which customer purchase through us. Thank you for your trust and cooperation!
2019 - 03 - 11
Article source: China Steel Price Network As the weather gradually improved, the steel market “Golden Three Silver Four” gradually approached. After the cold winter of some downstream industries experienced last year, the policy of the “two sessions” will make the demand warmer? What is the release of capacity this year?In this issue of Mysteel, we invited Hu Shinan, a hot and cold rolling analyst in the Steel Division, to hear how she analyzed it.Core point of view:1. The manufacturing industry and other industries have lowered the VAT rate by 3%, which is good for the entire downstream industry. In addition, attention should be paid to measures to promote consumption in rural areas such as car purchases for rural residents, new energy vehicles, and second-hand car transactions for s...
2019 - 03 - 11
Article source: China Steel Price NetworkRecently, for the steel market, the release of good news is increasing, with two key points.One is tax cuts. The current 16% tax rate for industries such as manufacturing is reduced to 13%. From the perspective of production links, the reduction of tax rates will help reduce the cost and burden of steel producers, thereby reducing and improving the asset-liability ratio of industrial enterprises. From the point of view of the circulation link, the reduction of the tax rate has reduced the cost of all links in the steel industry chain.According to estimates, the cost of this round of tax reduction on coal, coke, ore and other raw materials is about tens of yuan, and the cost of billet and rebar is about 100 yuan. In terms of transportation, the value...
2019 - 03 - 11
Article source: China Steel Price NetworkSince late February, steel futures prices have shown a unilateral upward trend. Last week's rebar 1905 contract fell 1.30% to 3,723 yuan / ton. The Hot Roll 1905 contract fell 2.95% to 3,712 yuan / ton. In terms of rebar spot, compared with the previous week, Shanghai fell to 3,850 yuan / ton, Guangzhou fell to 4,220 yuan / ton, Beijing fell to 3,810 yuan / ton. In terms of hot coil spot, Shanghai fell to 3,830 yuan / ton, Tianjin fell to 3,810 yuan / ton, Guangzhou fell to 3,860 yuan / ton.Short-term demand is still acceptableRegarding the demand side of rebar, it is considered from the short-term and medium-term perspectives. Short-term rebar demand is mainly determined by the need for return to work after the Spring Festival and the pace of retur...
2019 - 03 - 11
Article source: China Steel Price NetworkThe domestic spot steel market continued to pick up, steel prices rose slightly, and market demand began to release. The iron ore market is basically stable, and the import price has risen slightly.According to the latest market report provided by domestic steel information agencies, the domestic spot steel price index closed at 144.22 points in the most recent week, up 0.6% in the week. Among them, the construction steel market is dominated by shocks, and the average price of mainstream rebar varieties has risen by 24 yuan per ton a week. The plate market was stable and the market price of hot-rolled coils rose slightly. The average price of mainstream specifications rose by 15 yuan per ton per week. The price of plate was slightly increased. The a...
2019 - 03 - 11
Article source: China Steel Price NetworkChief Engineer, Mysteel Steel, Wang JianhuaWang Jianhua first summarized the steel market in 2018. The main performances were: steady price rise, steady profit growth, steady increase in supply and demand, steady increase in efficiency, steady and declining leverage, and steady improvement in environmental protection.Then, he pointed out that the overall steel market in 2019 will no longer come, but he is worried that the rebound after the steel price in the first half of 2019 will not be absent.In terms of inventory, he said that from the data of the third week after the holiday, the inventory growth of steel mills was less than expected, the growth of social stocks exceeded expectations, the total stocks increased slightly more than expected, and ...
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Evergrowing Resources Co., Limited was built by the founder of Mr. Ge in HK, 2016. He worked on steel industry for more than 15years till now. He and his team have exported more than 200,000mt different kinds of steel material to Southeast Asia, Europe, Africa, North America and etc till now. Evergrowing Resources Co., Limited, as a leading supplier of hot rolled and forged material supplier in China, always places product quality as the first priority. Therefore we seriously recommend you to choose us as your super supplier on hot rolled and forged steel materials. We would take full responsibility for the quality and authenticity of our products which customer purchase through us. Thank you for your trust and cooperation!
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