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News
Since 2012, the demand of steel has greatly decline in building area. The time of good profit has ended and steel industry now show a weak status. A majority of steel enterprises have no profit or even loss. Because surplus appeared. The gold time of steel has passed. The price of iron stones keep going up as well the production of steel. The profit of steel enterprises become worse and worse.
What caused this difficult circumstance? There are two main factors. One is the crazy real state investigation and development in recent ten years. Rapid expansion of real estate leads a huge demand for steel. Another factor is to face the 2008 financial crisis that launched four trillion investment. The government carried a number of projects of subway construction. This also need plenty of steel materials. For the two factors, steel enterprises start to expand blindly. So that there are many small steel enterprises which cause surplus and serious pollution problem. In order to solve the problem, the government has to limit the steel production. But it does not work. These small steel enterprises continue to produce after a few days. You can imaging that production can not stop. A lot of low quality steel products have to be abandoned. What we have to do now is to solve the surplus problem.
Sino East Steel Enterprise Co. Ltd. is an experienced steel coil manufacturer in China specializing in high quality steel products. We are always devoted to provide best service for our clients. We sincerely would like to set up business relationship with clients from all over the world in long run. You are welcome to contact us at any time!