No. 45 seamless steel pipe industry has been deeply mired in the era of profit dilemma

Due to overcapacity of No. 45 seamless steel pipe and low steel prices, the No. 45 seamless steel pipe industry has been deeply mired in profit. Today, the tight capital situation is spreading from steel traders to steel mills. Recently, a steel company in Jiangxi has been broken and the boss has run. The China Securities Journal reporter learned in the interview that there are many cases of tight steel pipe plant in the 45th, especially the survival of small and medium-sized steel enterprises. The status quo is worrying. The industry expects that in the future, liquidity is difficult to appear obvious easing, and the seamless steel pipe industry in the 45th can not significantly rebound, the steel industry capital chain tension will not be short-term phenomenon, or become the normal  face of "money tight" "45 seamless The steel pipe industry continues to be sluggish, and the capital pressure has been transmitted from the traders to the steel mills.” Due to the serious overcapacity of No. 45 seamless steel pipe and the weak downstream demand, the steel industry has already fallen into a meager profit situation. The funding has tightened many steel companies. The pressure of survival has risen sharply.  

Precision tube, cold drawn precision seamless steel tube, precision cold drawn tube, small diameter precision steel tube, 45th precision seamless tube 13th Tangshan steel billet weakly stable to 3570 including tax factory. The direct turnover of the steel mill was not good. At present, some of the steel bills in Tangshan and surrounding steel mills are subject to a tax of 3,570 yuan/ton, and some resources are 3,570, and the bare price is 3,280. The early morning price of other cities' billet prices is still falling. Black futures are still holding green across the board, but the decline has narrowed significantly, which is a period of shock after the big level fell. 

45# precision seamless pipe market is stable and wait-and-see. Yesterday, the general index fell 1.25 US dollars to below 70 platforms, the business mentality is slightly pessimistic, the foreign mines have been falling, the market sentiment in the inner powder market has increased, and during the two sessions, environmental protection and production and safety production policies have been implemented. The intensity is too large, the demand for steel enterprises is weak, and the price is getting stronger. Now Xinda Steel's 66% acid dry base includes tax and is now reduced to 19 to 700 yuan/ton. 
Gentle and 
humble precision tubes, cold drawn precision seamless steel tubes, cold drawn precision tubes, small-caliber precision steel tubes, precision seamless No. 45 futures fell across the board today, the overall performance is finished lower trend. The rate of decline in the afternoon has intensified and the market risk aversion has warmed up. 20# seamless tube spot market fell slightly, merchants sentiment increased, after the price cuts, there was a small amount of shipments in the Beijing-Tianjin region, and the overall performance of the southern seamless pipe market was average.
 Affected by the recent restrictions on environmental protection and production restrictions in the local area, the bullish mentality of the seamless pipe market has clearly increased, which has slightly delayed the expected low season. However, from the perspective of market performance, even in the process of rising price of seamless pipes, the terminal just needs to purchase and still dominate, and the speculative demand has not been effectively triggered. Therefore, although there is a rise, the market is relatively limited, and the market is relatively rational. This is especially true in the spot market. 
 With the gradual fermentation of environmental protection topics and the approach of the off-season demand, Tangshan's limited production will also end on June 10. The seamless steel pipe market lacks the updated theme, and the continuous pull-up power is challenged, and the market faces short-term adjustments. 
In the early morning of June 6, US Secretary of Commerce Ross’s special plane arrived in Beijing ahead of schedule to start a new round of consultations on Sino-US economic and trade differences. China issued a statement on China-US economic and trade consultations, saying that China and the United States have implemented the consensus of the two countries in Washington, and have conducted good communication in various fields such as agriculture and energy, and have made positive and concrete progress. The relevant details are yet to be confirmed by both parties. . The achievements between China and the United States should be based on the premise that the two sides are moving in the opposite direction and not fighting trade.

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