Macroeconomic Boost Steel Market

At present, the gradual disclosure of macroeconomic data, showing positive steel market, the market forces to promote upward.As the welded pipe, piling pipe,SAWH steel pipe, seamless stainelss tube and Carbon steel pipe manufacturer services, shinestar Group believes that, despite the rise of trade protectionism, but the global manufacturing industry made a good start, Asian, European and American enterprises are showing growth situation, the domestic and foreign demand for steel that is a good news.
Although the U.S. economy continues to recover, but downward pressure is still not small, especially the continued appreciation of the dollar, to a certain extent will damage the competitiveness of the U.S. exports, but also hindered the manufacturing industry to return to the United States, and ultimately harm the economic growth in the United States, the Chicago fed president called slow to raise interest rates, to prevent the U.S. economy downside risks.Shinestar Group believes that the Fed rate hike slower than expected, will suppress the dollar, thereby stimulating the appreciation of the RMB exchange rate against the dollar.This year, the dollar index fell back, since Trump was elected by more than half (or all or 4.2%, taking up more than 2.5%). This factor coupled with the people’s Bank in 2017 the impact of interest rate, the RMB exchange rate against the dollar could “break seven” will become a very big uncertainty. In this case, the export competitiveness of China steel there will be a corresponding increase in steel exports weakened, then two aspects including the direct export and indirect export.
According to customs statistics, in 2017 the national steel exports 7 million 420 thousand tons in January, down by 23.2%, the lowest level in the last 30 months.The start of the new year there are three reasons that China’s steel exports fell sharply: one is the trade friction intensified, many countries around the world are on China steel to raise tariffs;Second, the domestic steel demand is relatively strong, selling price is higher than the international market, and prospects uncertain, export orders will fall;Three factors is the Spring Festival.Even so, as long as the global economic recovery is not change, is expected to the year China’s steel exports will still be around one hundred million tons of large quantity scale, export growth will of course have fallen significantly.On the other hand, in the case of a significant decline in steel export growth, or even decline, China’s apparent consumption of steel will increase significantly.
In 2017 the national real estate market also start to “light”.Market monitoring data show that during the Spring Festival this year, the number of new houses in the country’s major cities generally shrink, year-on-year growth generally fell to single digits, the lowest level in the past three years.There is no doubt that the national real estate sales fell sharply, this is a bad steel market, but we also want to see, real estate sales contract, the relevant departments that the market is “overheating”, active suppression foam results.If the relevant departments of the pre judgment and the introduction of measures have not been a major miscarriage of justice, it means that the future of the real estate market will return to normal levels, of course, is conducive to the healthy development of China’s steel market demand.
As a foothold in China, service global steel production enterprises,shinestar group will continue to focus on the development of China steel market, and strive to produce welded pipe, piling pipe,SAWH steel pipe, seamless stainelss tube and other products, to enhance the competitiveness of enterprises.
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About Hunan Prime Steel Pipe Co., Ltd

HUNAN PRIME STEEL PIPE is the export gateway of SHINESTAR HOLDINGS GROUP. We are dedicated in providing and exporting high performance-price ratio welded & seamless steel pipes and fittings covering various steel grades. At Prime Steel Pipe, we believe that honest communication, expertise in our industry, and prompt execution lead to strong long-term relationships. Our professioanl team provides " one-stop procurement" servics to coordinate with your project regulation, site and terrain, and ensure the best quality of products by assigning skillful experts at every stage of production. Our principles is to keep the honesty in mind, to win reputation by trust. We strives to providing quality products, competitive price and value-added services to our clients throughout the world.

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