The performance of bending pipe processing industry is self-evident
1. Increase the total demand. In the first half of this year, the frequent micro stimulation measures issued by decision-making departments have played a positive role in stabilizing steel demand. In fact, in the first seven months of 2014, China's crude steel demand has exceeded the supply of new resources, mainly based on the decline in social inventories. At the end of May this year, the social inventory of five major steel products in the national market was 14.24 million tons, a year-on-year decrease of 21.8%. This means that the output and import of crude steel (steel conversion) in the same period lags behind the consumption demand, and the shortage should be made up by "digging inventory". In the future, China will continue to introduce measures to stabilize growth and release the effect of early policies. In the second half of the year, China's crude steel demand (including direct export) will exceed 800 million tons, with an increase of about 5%. The trend of total demand increase will not change.
2. The demand for building steel is increasing. Since the focus of this round of steady growth is investment and construction in the short board field of the national economy, a number of major construction projects are likely to start in the second half of the year. Therefore, it is expected that the growth rate of fixed assets investment will pick up in the second half of the year. Among the total demand for bending pipe processing, the demand for construction steel will increase more.
3. Strong export has become the highlight of steel demand. Stabilizing exports is also an important aspect of macro-control. In the first half of this year, China's steel exports showed a strong growth momentum due to the promotion of stable export policies, the decrease of export costs (RMB devaluation, the sharp decline of domestic steel prices), and the global economic recovery led by developed countries. It is expected that the above effects will continue to release in the second half of this year, and China's steel exports will remain at a high level and continue to become a demand highlight. So, how should the next market go and when can it turn around? Let's talk about it from the following aspects:
One is the lack of favorable support at the macro level: at present, there is no small pressure on the domestic macro-economy, the steel industry is short of funds and the turnover speed is slow. The falling trend of the downstream real estate market price has not changed, and the construction projects are limited. Whether the difficulties of the real estate industry, the debt crisis of the local government, or the capital pressure of the steel structure industry, all reflect that the current domestic economic operation may go down, the national economic environment is not ideal, and the performance of the elbow processing industry is naturally self-evident.