The domestic 304 stainless 304 Stainless Steel Sheet steel plate market generally shows a weak balance. From January to November, the 304 stainless steel plate price index fell by about 6.3% year-on-year, long products fell by 5.54%, plates fell by 7.18%, and long products performed better than plates. In terms of costs, the cost of enterprises rose sharply in 2019, and the profit of the industry fell year-on-year. The main reasons are the sharp rise in the price of imported iron ore, the fluctuation of raw fuel prices such as coal and coke, and the increase in environmental protection costs. From January to October 2019, the sales revenue of steel enterprises member of China Steel Association was 3.54 trillion yuan, an increase of 11% year-on-year; Cost of sales increased by 17.11% year-on-year; The profit margin on sales was 4.49%, down 3.08 percentage points year-on-year.
At the end of October, the asset-liability ratio Brushed Stainless Steel Sheet of member steel companies was 63.9%, down 0.72 percentage points year-on-year. He Wenbo pointed out that the two major themes of the future development of China's steel industry are green development and intelligent manufacturing. From the perspective of the achievements of green development of China's steel industry, a number of energy-saving and environmental protection technologies and indicators have reached the world's advanced level, including the continuous improvement of energy-saving and environmental protection indicators in the steel industry; A number of steel companies have made breakthroughs in ultra-low emission transformation; The steel industry has Mirror Stainless Steel Sheet achieved initial results in jointly building a green industrial chain.
At present, the inventory of 310s stainless steel plates in the two cities is still falling, while the output of steel mills in April is still stable, corresponding to high nickel iron is also at a high level, and the short-term high of nickel prices continues to oscillate the probability of operation. With the acceleration of Stainless Steel Industrial Sheet the release of nickel-iron production, the weakness of the 310s stainless steel plate market is likely to drag down steel prices, and the profit margin of steel mills may be gradually released after the negative profit margin may force raw material prices. It is expected that the price of 310s stainless steel plate in the second quarter is expected to come out of the trend downward market, and it is recommended to choose the opportunity to arrange short orders at a high level.
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