Steel is an alloy of iron with carbon, silicon, manganese, phosphorus, sulfur and a small amount of other elements. In addition to iron, carbon content plays an important role in the mechanical properties of A572 grade 42 ms steel coil and so on steel. Iron and steel is an important raw material for machinery, construction, hardware and other industries. As an important pillar industry, the development of iron and steel has a glorious period, in which Tangshan was once an important production base of China's iron and steel. This is closely related to its geographical location and energy advantages.
One person familiar with the situation said Germany's ailing ThyssenKrupp Group was in talks with its international counterparts to merge its loss making A572 grade 42 ms steel coil steel business. The talks will be announced Monday as part of a strategic reform that could include closing or selling assets. Previously, ThyssenKrupp steel Europe, Germany's largest steelmaker, announced a loss in the first half of the group three point seven two 100 million euros four point zero two Billion US dollars). ThyssenKrupp has continued to advocate the benefits of A572 grade 42 ms steel coil steel integration since it abandoned its joint venture with Tata Steel a year ago to sell its precious elevator division.
Due to the low level of futures trading, the business sentiment is slightly pessimistic. Affected by the market downturn, the purchasing power of downstream A572 grade 42 ms steel coil users has decreased, and the mentality of looking down is gradually rising. Some businesses give up profits to promote transaction. The market trading atmosphere is still relatively light, the steel demand release is slow, and the terminal delivery capacity is weak. In addition, the market has been rising for two days, the downstream fear of heights is strong. The market has entered consolidation stage again. Considering the low inventory pressure, it is expected that A572 grade 42 ms steel coil prices will fall down and adjust in some cases tomorrow.
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