The person in charge of a large steel factory in Tangshan gently breathed a sigh of relief. The night before, he received a new price quote from the three major mines. In the fourth quarter, the overall price of the mine fell by 10%-13% from the previous quarter. For him, this is only a brief explanation of the long-standing depression of the heart, but for his steel industry and enterprises, the alarm has not been lifted.

In addition to a steel mill in Tangshan, large domestic steel mills have successively received quotations from Rio Tinto, BHP Billiton and Vale. Rio Tinto's price is FOB 127 / ton, equivalent to a CIF price of about 137 US dollars / ton; Vale quotation is FOB 135 / ton, equivalent to ashore price of about 161 US dollars / ton. The price of BHP Billiton and Rio Tinto is not much different. Compared with the long-term FOB price of US$147/ton in the three quarters of the three major mines, the price drop in the fourth quarter was about 10%. Since May this year, China's spot iron ore prices have fallen more and more, which is a very important bargaining chip for the three major mines to cut the price of the fourth quarter. In May and June, China's spot iron ore prices fell by as much as 24%-25%. The country's mandatory production limit, coupled with the decline in iron ore prices in the fourth quarter, brought short-term excitement to the domestic steel market. Analysts believe that it is still difficult to support steel companies' performance for a long time, whether it is limited production or the decline in mining prices. At present, it is too early to judge the fundamental "turning point" of the industry. Luo Bingsheng, executive vice president of China Steel Association, said this.

From January to July, the sales profit rate of 77 large and medium-sized steel enterprises included in the statistics has dropped to the lowest in the year, only 1.16%. Restricting production can properly compress production capacity to alleviate the contradiction between supply and demand imbalance, but it is difficult to change the current pattern of high steel social inventories. "The imbalance between supply and demand cannot guarantee the stable recovery of the steel market." In addition, under the policy of limiting production, the shrinking of China's iron ore imports will lead to a decline in iron ore prices in the second half of this year, and the cost reduction will not support the long-term rise in steel prices.

Grow Light Led 600w

Grow Light Led 600w, with 6pcs boards, each board 350pcs led, high power grow light works well for large area, such as grow tent, hydroponic, We have samsung LM301B/LM301H led, also Samsung 5730 led, meanwell driver/normal driver available here.

Application:

Quantum board LED grow lights is a great ideal for all kinds of indoor garden plants: lettuce, orchid, organic herbs, pepper, strawberries, succulent, hydroponic, medical plants.

Full Spectrum Led

Plant Lamp

Led Grow Light Bulbs

Hydroponic Grow Lights,Full Spectrum Led Lights,Succulent Grow Light,Sun Lamp For Plants

Shenzhen Wenyi Lighting Technology Co., Ltd , https://www.szwenyigrow.com

Posted on