Japan’s Ministry of Economy, Trade and Industry said on Monday that it will not release routine crude steel output estimates for the April-June quarter, as companies such as automakers have suspended production after a strong earthquake and tsunami in some parts of the country.. In terms of growth rates, in terms of growth rates, hot-rolled, copper strip varieties and wire rods have increased year-on-year, the average export price of hot-rolled products exceeded 100% year-on-year, and the increase in cold-rolled products was small. If the inventory starts to rise, Japan’s top two steel manufacturers may also turn to the export market to cope with the sluggish domestic demand.
These two steel companies are ranked fourth and fifth in the world respectively. In the context of the market’s continued shock, steel stocks are undoubtedly one of the sectors with a higher safety margin. With the gradual recovery of the overseas economy, the demand for steel products has been improving, which has driven the international steel prices to continue to rise, causing China’s steel export prices to continue to rise. **** Statistics: As of the close of March 28, the overall dynamic price-earnings ratio of 33 steel stocks after excluding negative values was 19. copper strip factory It is worth noting that, recently, many securities companies have issued evaluation reports on the steel and coal sectors, raising their ratings.
Nippon Steel said last month that it hoped that April In the future, the domestic contract manufacturers will raise prices by about 25% to compensate for the soaring input costs. The continuous suspension of production has made it difficult for steelmakers such as Nippon Steel and JFESteel to pass on rising input costs.95 times.75 times, and the dynamic price-earnings ratio of all A shares over the same period was 22.
From the perspective of the average export price of steel products, except for the average prices of cold-rolled products and wire rods, which have declined month-on-month, the average export prices of other major steel products have shown an upward trend. It is undeniable that after a long period of adjustment, the valuations of the copper belt and coal sector have been at low levels, coupled with the event stimulus, its current start-up seems logical
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