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COMPANY NEWS

Release time：

2020/06/18 09:36

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COMPANY NEWS

Are steel prices trending up?

Abstract:

After declining for much of 2019, steel prices moved up substantially in the last two months of the year. What will be the trend heading into early 2020? Flat-rolled steel producers raised prices three times during October and November for a total of $110/ton. Likewise, plate producers also announced three increases, raising prices by a total of $130/ton. The announcement of higher prices, however, does not mean the mills will be able to collect them. That depends on what the market will bear and how much support they get from distributors (see Figure 1). But without doubt, the increases have moved the market. Steel prices increased by approximately 20% from late October to mid-December. Steel Market Update (SMU) survey data as of Dec. 10 showed that the benchmark price for hot-rolled steel rose by nearly $100 to an average of $570/ton ($28.50/cwt) FOB mill, east of the Rockies. Cold-rolled and galvanized steels averaged $760/ton ($38.00/cwt), with Galvalume® at $770/ton ($38.50/cwt). The price of steel plate was up to an average of $690/ton ($34.50/cwt), from $640/ton at the beginning of November. Steel buyers surveyed by SMU in early December were almost evenly split on the staying power of the recent price hikes. A slight majority (52%) said they expected to see prices stall and begin to move lower in the coming six to 10 weeks. Ultimately, mills can collect higher prices over the long term only if there is sufficient demand (see Figure 2). Most buyers (56%) were reporting flat or stable demand last month. Another 34% saw demand declining. Only 10% said demand from their customers was improving, which may not bode well for those hoping for higher steel prices in the first quarter. Steel buyers, including service centers and manufacturers, remained relatively upbeat, however, as the year came to a close. SMU’s Steel Buyers Sentiment Index trended up right along with steel prices in the last two months of the year (see Figure 3). The goal of the index is to measure how buyers and sellers of steel feel about their company's ability to be successful today and three to six months into the future. The Current Sentiment reading of +46 in early December was a 20-point improvement from early October. The Future Sentiment reading showed buyers even a bit more optimistic about the next few months with a reading of +52 (see Figure 4). Although improved, these sentiment readings are still well below levels at this time last year. In Other News Scrap prices climb. Ferrous scrap prices increased by $45/ton to $60/ton in November and December. There are a few reasons for that. Demand remained solid as the mills continued to crank out steel at around 80% of capacity. Scrap supplies tightened as winter weather began to impede scrap flows into dealers’ yards. And a pickup in foreign demand for U.S. scrap boosted exports to countries such as Turkey, further tightening supplies here at home. Higher costs for scrap and other raw materials help the mills justify higher finished steel prices. Experts anticipate even higher scrap prices in the first quarter. “There is little doubt the U.S. scrap markets will rise again in January,” one executive told SMU. “January has nowhere to go but up, whether it’s from demand/supply, bad weather, or an export-driven scenario. It’s going to go up!”

Release time：

2020/06/18 09:31

GA Galvanized steel Market Offers Great Growth Potential and Efficiency 2025

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COMPANY NEWS

GA Galvanized steel Market Offers Great Growth Potential and Efficiency 2025

Abstract:

Galvanizing is one of the most widely used methods for protecting metal from corrosion. It involves applying a thin coating of zinc to a thicker base metal, helping to shield it from the surrounding environment. Galvanized steel is a carbon steel that has been coated with zinc. The most common method of zinc coating is the hot-dip process. While this is the most common form of galvanization, it is often used for steel products that have previously been fabricated as the thickness of the final product is not easily controlled. Another method of the galvanization process is continuous galvanizing. The hot-dip process consists of submerging the carbon steel into a molten zinc bath (approximately 680 degrees Fahrenheit). When the material is removed from the zinc bath and cooled a reaction to the oxygen in the air occurs. The reaction causes the zinc to become part of the steel (an iron-zinc alloy bond). The new surface finish appears to have a crystalline finish or spangled finish. Hot dip galvanizing provides unbeatable barrier protection for steel. It greatly reduces maintenance costs and ensures extended service life. In turn, this reduces energy and resource demands on the environment and offers a sustainable, 100% recyclable, environmentally-friendly solution. Profshare Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end users/regions. Our study on GA Galvanized Steel Market helps user to make precise decision in order to expand their market presence and increase their market share. The competitive landscape in the report offers detailed profiles of the key players in Galvanized steel market also covers financial overview, market strategies, new product analysis and marketing trends. Get Free Sample: http://www.zhongcangroup.com/intro/%E8%81%94%E7%B3%BB%E6%88%91%E4%BB%AC-4.html GA Galvanized steel Market: Product Type • Galvanized Steel Coil • Galvanized Steel Sheet • Galvanized Steel Strip • Galvanized Steel Wire • Galvanized Steel Tube Report Enquiry: http://www.zhongcangroup.com/product/Prime-Quality-Hot-Dip-Galvanized-Steel-CoilBobina-de-Acero-Galvanizado-en-Caliente-93.html GA Galvanized steel Market: End User / Application • Construction • Home Appliance • Automotive • General Industrial Report Enquiry: http://www.zhongcangroup.com/product/Flower-galvanizedFlor-galvanizada-36.html

Release time：

2020/05/27 15:39

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COMPANY NEWS

Application of galvanized steel sheet

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Release time：

2020/05/21 10:19

Knowledge of galvanizing on the surface of galvanized steel coil

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COMPANY NEWS

Knowledge of galvanizing on the surface of galvanized steel coil

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Release time：

2020/04/29 14:03

Analysis of atmosphere and dew point in continuous annealing of hot dip galvanizing

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COMPANY NEWS

Analysis of atmosphere and dew point in continuous annealing of hot dip galvanizing

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Release time：

2020/04/25 10:37

Enterprises should adjust production rhythm reasonably

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COMPANY NEWS

Enterprises should adjust production rhythm reasonably

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Release time：

2020/04/09 10:02

Steel exports are expected to contract by 10-15%

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COMPANY NEWS

Steel exports are expected to contract by 10-15%

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Release time：

2020/02/12 17:12

1000 tons of galvanized steel in 3 days to help the construction of Wuhan huoshenshan hospital

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COMPANY NEWS

1000 tons of galvanized steel in 3 days to help the construction of Wuhan huoshenshan hospital

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Release time：

2019/07/15 16:04

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COMPANY NEWS

Attend the Columbia exhibition

Abstract:

InMay,ourcompanywillseetheexhibitioninTogo,Colombia.Attheexhibition,weprepared17kindsofproductsinthreecategories.Receivemorethan100customersandstayincontact.Atotalofmorethan270tonsofgoodsweresignedattheexhibition.Theresultsoftheexhibitionweresatisfactory,andtheparticipatingcustomersunderstoodthesituationofourcompany.Andopenedupourcompany'smarketinSouthAmerica.

Release time：

2019/01/04 15:52