Affected by environmentally-friendly production and production restrictions in August, the average daily output of crude steel in August fell compared with that in July, and the supply of stainless steel pipes also showed a contraction. On the demand side, the risks and challenges facing the national economy in the second half of the year are increasing. The continuous decline in solid investment has affected the demand for stainless steel pipes, and the downstream demand boom will be under pressure. At the same time, however, a number of policies have changed to positive aspects. By promoting infrastructure investment to counter the cyclical hedging of the economy, increasing investment in high-tech manufacturing to counter the pressure of traditional manufacturing, coupled with the adjustment of fiscal and monetary policies, is expected to drive L stainless steel. Pipe manufacturers' orders have rebounded.

Although the data on infrastructure investment in August is not ideal, from other public data, the action of infrastructure supplements is accelerating. Many places have announced plans to supplement major board projects in the second half of the year, and the investment scale in the transportation sector may reach trillions. The Political Bureau of the CPC Central Committee held at the end of July proposed to increase the strength of the infrastructure sector. In the current domestic and international economic environment, the infrastructure is expected to be an important counter-cyclical policy tool. The “short board” areas of infrastructure such as the central and western regions and rural areas have become the focus. It is expected to benefit from the policy development, the effect of steady growth and stable investment will gradually appear later, and the growth rate of infrastructure investment is approaching the bottom and is expected to stabilize.

Real estate investment that has performed well this year is still at a high level and is generally stable. Multiple indicators show that real estate investment growth has strong support. In terms of manufacturing, this year has continued to pick up, and the growth rate has rebounded from March and has been more significant. Recent documents and policies on financing support for small and medium-sized enterprises have been introduced. The deputy governor of the People's Bank of China and director of the Shanghai Headquarters yesterday stressed at the telecom conference on the mid-year work of 2018 held at the Shanghai headquarters of the People's Bank of China that the second half of the year must unswervingly implement a moderately loose monetary policy and give credit to the support of the real economy. effect. He stressed that it is necessary to focus on the use of market-based means, rather than the method of scale control, and flexible use of multiple monetary policy tools to guide the moderate growth of money and credit. Affected by this policy, the liquidity of the later market is relatively sufficient, and steel mills will also purchase a large amount of raw materials. The production progress of local steel mills will accelerate, and steel output will also grow rapidly. Under this circumstance, the demand for ferroalloys is improving, and the purchase of steel mills will fully support the spot price of ferroalloys, and the overall trend will be better. In the second half of the year, monetary policy emphasizes the expansion of credit, which will also ease the difficulty of financing for SMEs. Most stainless steel pipe manufacturers will benefit from it. It is expected that the strong investment in manufacturing can still be maintained, and manufacturers do not have to Be pessimistic. The country has already introduced many policies to deal with it. I believe that in the near future, we can see more and better policies and support our small and medium-sized enterprises. At the same time, stainless steel pipe companies must control their own risks and seize every opportunity. Looking for business opportunities from the crisis, let enterprises constantly update their technical equipment, learn advanced technology, and make their own enterprises to a higher level, and have an absolute advantage in the competition.