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Industry dynamics

Steel Enterprises expand production with increased steel price
  • 2017-03-15
This is Cong Shine one major stainless steel coil supply in China. Our Cold Rolled 304 Stainless steel coil is famous for prime quality and our service. Now China two sessions is closed. Steel production capacity reform policy was also made already. As one leader of stainless steel industry, our co-operated stainless steel mills and we pay attention on it. Now let us share the related stainless steel news with you.   

The Deputy to the national people ‘s congress and the chairman of Zhongtian iron steel group Mr Dong said China's steel production capacity is still high at present. It hasn’t released the full capacity. Lots of mills tend to expand production with the increasing steel price. Oversupply situation may appear in the second half year in 2017. The benefit of the iron and steel enterprises is back with policy action. He stated to Reuters in the two sessions.

According to our experience, the stainless steel coil price will be down if the main steel enterprises expand production. It is against to steel production capacity reform policy. So Cong Shine think it is still depend on China steel reform determination in the second half year. 

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