Recently, China's economy is still in a downward channel, and the downstream industry of the precision stainless steel strip market continues to be sluggish, and the contradiction between strong supply and weak demand in China is further intensified. The previous loan models such as pallets and joint guarantees and mutual guarantees have exposed major problems. Banks have stricter restrictions on loans to the precision stainless steel strip industry, and the overall financial pressure has not eased. Although China's stainless steel strip market has been at the lowest price in the past three years and has risen sharply, it is still facing greater downward pressure in the short term.
The market output of precision stainless steel strips has increased unabated, and downstream demand is difficult to recover, so many stainless steel strips are still not optimistic about the operation of the third quarter and even the second half of the year. In the semi-annual report released yesterday, in the first half of next year, the precision stainless steel strip industry will face a more severe test in the spot market, and the market competition will be more brutal. It is difficult for the precision stainless steel strip market to have a fundamental improvement. Profits are still down sharply from the same period this year.