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According to Japanese media, Q235b rectangular tube, the global steel market was "split" by the United States to increase tariffs, Q235b rectangular tube, and fell into an oversupply state. In the first half of 2019 (January to June), the global crude steel output increased its output in China, the largest producer, and Q235b rectangular tube reached a record high. In the United States, which closed the door to the market, due to the decrease in imported steel, Q235b rectangular pipes, domestic steel companies once implemented production increases, Q235b rectangular pipes, but currently have to take countermeasures due to the sluggish domestic demand. If trade friction causes demand to cool down, Q235b rectangular tube, the balance of supply and demand will be further broken, Q235b rectangular tube, the prospects of the global economy will also glow yellow.
According to a report by the Japan Economic News website on July 31, the statistics of Q235b rectangular tubes and the World Iron and Steel Association before July 29 show that the global output of crude steel in Q235b rectangular tubes from January to June increased by 4.9 from the same period of the previous year % To 92506 million tons, Q235b rectangular tube, a record high. China, which accounts for half of global crude steel production, increased by 9.9%. The Q235b rectangular tube reached 49216 million tons. The Q235b rectangular tube was also the highest in history.
The report pointed out that Q235b is a straight pipe, and steel products from Turkey and Russia that cannot be exported to the United States due to tariffs pose a threat to the European market. Britain's second largest steel company, British Steel, filed for bankruptcy protection, Q235b was in charge, and ArcelorMittal, the world's largest steel company, was also forced to reduce production.
The United States, which has imposed tariff barriers, has also been affected. Due to the imposition of tariffs, Q235b's rectangular pipe, the US steel imports in 2018 decreased by 12% year-on-year. In 2018, Q235b rectangular tubes, the largest steel company in the United States, American Iron and Steel Corporation restarted two blast furnaces in Illinois, which had been shutting down since 2015, Q235b rectangular tubes, making the national steel industry excited for the long-lost production increase.
According to reports, from January to June 2019, domestic steel production capacity in Q235b rectangular tubes increased by 5%, but Q235b rectangular tubes have recently been announced to reduce production. American Steel announced in June that it would suspend production of two blast furnaces in Michigan and other places. The output reduction is expected to be 200,000 to 225,000 tons per month, Q235b rectangular pipe, equivalent to 3% of the national steel production capacity. The fourth largest steel company, AK Steel Holdings, will close its steel plant in Kentucky within the year.
It is reported that the Q235b rectangular tube is due to a slowdown in domestic demand in the United States. The largest demand-side auto industry's new car sales from January to June decreased by 2%. The Q235b rectangular tube turned into a decrease after two years. In July 2018, the price of US hot rolled coils at US $ 1,000 / ton dropped to around US $ 630. The operating rate of the iron and steel plant in June was 79.5%, and the Q235b rectangular pipe was once again lower than the 80% target set by the US Department of Commerce when the tariffs were started. The White House's protectionist policies have not worked.
The report pointed out that Q235b rectangular tube, in addition, Q235b rectangular tube, Japan has also started to be affected. In 2018, when various steel companies significantly reduced their production due to equipment failures, Q235b rectangular pipes increased their imports of steel. From January to May 2019, the import volume of ordinary steel from China increased by 73%. The inventory of thin steel plates in Japan has reached its highest level in 10 years.
According to reports, Q235b rectangular tube, the Economic Cooperation and Development Organization analysis said that Q235b rectangular tube, for three years from 2018, Q235b rectangular tube, driven by increased production in Asian countries such as China and India, Crude steel production capacity will increase by about 5%. Atsushi Yamaguchi, a senior analyst at SMBC Nikko Securities, said that "the global steel industry is clearly in an oversupply situation."
It is reported that Q235b rectangular tube, in the context of oversupply, Q235b rectangular tube, market fragmentation may lead to cooling demand. President Eiji Hashimoto of Japan Iron & Steel Co., Ltd. stated that "as long as the trade war continues, this risk will always exist", and the Q235b rectangular pipe is wary of a new round of "steel cold winter".
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