Ductile iron pipe winter rally can last long

2013-12-20


In the end only needs to maintain steady release, dividend policy can not be sustained, ductile iron pipe and other limited factors continue to rise, we believe that the coming period, the lower the possibility of steel prices continue to pull up sharply, the overall narrow trading range consolidate, do not rule out a small part of the resources may dip down again. In the sluggish downstream demand, increasingly high financing costs, lower corporate profitability declined in the background, how to balance the relationship between steel production capacity release the balance between supply and demand will become increasingly important.

Despite the recent rebound in prices flange pipe, some large steel mills raised prices, it is expected that the industry is not optimistic. Since crude steel output remains historically high, steel prices have not significantly improved efficiency. Meanwhile, the downstream demand is room for improvement, which means that the price of the foundation is not solid.