Tags: Spiral steel pipe price Small diameter galvanized pipe Tianjin spiral pipe factory Daqiuzhuang spiral pipe
US Steel announced on June 18 local time that due to falling steel prices and weak demand, its second-quarter profit is expected to be lower than Wall Street's expectations. It will idle two blast furnaces in the United States and one in Europe. Blast furnaces, in order to better align production worldwide with orders, small-caliber galvanized pipes. The suspension will result in a monthly output reduction of at least 320,000 tons from July, accounting for 22% of its monthly average monthly crude steel output in 2018. Partial or complete production will be resumed later, depending on market conditions, and small-diameter galvanized pipes.
American Iron and Steel Corporation estimates that its EBITDA before the second quarter will be $ 250 million, lower than market expectations of $ 291.1 million for small-diameter galvanized pipes.
American Iron and Steel said that in the United States, it has started planned maintenance of the B2 blast furnace of the Great Lakes Steel Plant last week. According to the current market conditions, it is expected that after the maintenance is completed, it will remain idle and small-diameter galvanized pipes. The Great Lakes Steel Plant is located in Michigan and has 3 blast furnaces. Its annual crude steel production capacity is 3.8 million tons and small-caliber galvanized pipes.
In addition, it will be idle at a blast furnace at the Gary Steel Plant in Indiana, which has four blast furnaces with an annual capacity of 7.5 million tons of crude steel and small-diameter galvanized pipes. American Steel has previously announced that it plans to invest $ 750 million to modernize the Gary Steel Plant. The local city and state governments have also provided $ 47 million in tax reduction measures for small-caliber galvanized pipes.
American Iron and Steel said that after the two blast furnaces ceased production, it is expected that from July, the output of blast furnaces will be reduced by 200,000 to 225,000 tons per month, and small-diameter galvanized pipes. If the two blast furnaces remain idle for the remainder of this year, it is expected that the flat steel product shipments to third-party customers will be about 11 million tons and small-diameter galvanized pipes throughout the year. Looking at the data of the annual report of American Iron and Steel Company, it was found that in 2018, the crude steel output of American Iron and Steel Company's flat steel section was 11.893 million net tons, the capacity utilization rate was 78%, the shipment was 10.51 million net tons, and the small-diameter galvanized pipe. The capacity utilization rate in the first quarter was 73% for small-diameter galvanized pipes.
American Iron and Steel said that in Europe, American Iron and Steel European Company (USSE) continued to be negatively affected by the increase in imported steel, weak demand and rising costs, with small diameter galvanized pipes. Therefore, the No. 2 blast furnace will be idle, which will affect the output of about 125,000 tons / month, and small-diameter galvanized pipes. If it has been idle for the rest of the year, it is estimated that the USSE will ship about 3.6 million tons of third-party customers throughout the year, with small diameter galvanized pipes. Checking the data found that USSE's crude steel output last year was 5.002 million net tons, the capacity utilization rate was close to 100%, the shipment was 4.457 million net tons, and the small-diameter galvanized pipe. The capacity utilization rate in the first quarter was 94% for small-diameter galvanized pipes.
US Steel also said that the EBITDA of the USSE and the pipe sector will be lower than the first quarter; the EBITDA of the flat steel sector is expected to be higher than the first quarter, but is being affected by the continued decline in steel prices and weak end market demand. Galvanized pipe. In addition, shipments in the second quarter will be lower than expected due to the impact of floods in the southern United States on transportation, small-diameter galvanized pipes.
The data also shows that the average selling price of flat steel in the first quarter of US Steel was US $ 798 / net ton, higher than US $ 740 / net ton in the same period last year and lower than US $ 823 / net ton in the fourth quarter of last year. . The average selling price of USSE in the first quarter was US $ 670 / net ton, which was lower than US $ 707 / net ton in the same period last year and lower than US $ 686 / net ton in the fourth quarter of last year.
US media reports said that the Trump administration announced a 25% tariff on steel imports in March 2018. As a result, U.S. steel production raised steel prices. Downstream customers were worried that tariffs would have a large impact on supply and increased procurement. Efforts have further pushed up the price of small-diameter galvanized pipes.
With the rise in steel prices and corporate profits, the previously idle capacity of domestic domestic steel mills has resumed production, and small-diameter galvanized pipes. According to data released by the American Iron and Steel Association, as of the week of June 15, 2019, the U.S. crude steel output was 1.887 million net tons and the capacity utilization rate was 81.1%; the same period last year was 1.815 million net tons and the capacity utilization rate 77.4% galvanized pipe with small caliber. As of June 15th, the United States has produced a total of 44.997 million tons of crude steel this year, an increase of 6% year-on-year, and a capacity utilization rate of 81.5%, which is nearly 5 percentage points higher than the 76.7% of the same period last year.
Obviously, the supply of steel was not affected too much by the tariff policy as expected, and small-diameter galvanized pipes. Downstream customers began processing inventory, reducing purchases, and the slowdown in the automotive, energy, and construction industries also affected demand, with small-diameter galvanized pipes. Falling demand coupled with increased steel production in the United States has led to an oversupply this year and a sharp drop in prices, with small-diameter galvanized pipes.
Some analysts had previously predicted that due to the expansion of low-cost producers such as Nucor and Steel Dynamics (STLD), there would be an excess of steel production capacity in the United States. It is expected that the national production capacity will increase by about 20% by 2021-2022 The United States will usher in the next wave of low-cost hot-rolled steel coil (HRC) supply. It is expected that HRC prices will fall to about $ 610 per ton for small-caliber galvanized pipes.
Compared with American Iron and Steel, Nucor and STLD have relative cost advantages, but they both said that the second quarter profit will be reduced, and small-diameter galvanized pipes. Nucor pointed to the weak demand of the automotive industry, while STLD emphasized the continuous decline in steel prices and small-diameter galvanized pipes.
http://www.hyggzz.com/ http://www.xzlgf.com/ http://www.tjtgjt.com/