316L stainless steel channel steel plant has more serious inventory pressure According to the latest steel industry report of China Steel Association, the overall debt ratio of the stainless steel channel industry is close to 70%. After the short-term profit recovery of the steel industry in the first quarter of this year, it entered the main March. The loss area of ​​steel enterprises once again broke through 35%, and it showed a monthly expansion trend. The domestic steel industry has entered a high-risk area. Some steel enterprises with weak financial strength may have an active response to production reduction in the later stage.
From the perspective of steel price trends since 2013, the price of steel in China has reached a stage high since mid-to-late February, steel prices have fallen sharply for several consecutive months, and prices of steel such as rebar and hot-rolled coils have been hit. The new low; the current price of some steel products is still closer to the bottom of the price since 2009. After entering the national rainy season, the demand for downstream steel may be further contained, and the destocking rate of the steel market may continue to slow down. As a result, there is a more serious inventory pressure in the upstream stainless steel channel steel plant. From the data of China Steel Association, the internal inventory of key steel enterprises is still rising. 86 major key large and medium-sized steel enterprises listed in the China Steel Association's financial statistics, the main indicators in the first quarter showed that the accumulated inventory amount was 583.1 billion yuan, an increase of 10.2 billion yuan in inventory. Among them, the inventory of finished products was 186.8 billion yuan, an increase of 8.5% year-on-year, and the increase of inventory was 14.6 billion yuan. The data shows that the domestic steel mills' funds have been further increased by the inventory pressure. Once entering the off-season demand, the pressure on the steel market will increase, and the difficulty of returning funds from steel mills will also increase. If this state continues, or if the steel mill is forced to take the initiative to reduce production, but also need to increase the loss of the steel mill to its unbearable situation, the current stainless steel channel price is relatively stable, steel prices are limited, I am afraid it is difficult to make up in the short term. effect.
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