November 17th, SteelHome (China) benchmark steel price index (SHCNSI) to 79.51 (3439 yuan), the week rose 1.02%, which long steel price index SHCNSI-L of 83.76 points (3045 yuan), the week rose 0.63%, flat material price index SHCNSI-F is 74.22 (3490 yuan), week rose 0.06%.
Channel steel is a carbon structural steel for construction and machinery. It is a section steel with a complex cross-section, and its cross-sectional shape is a groove shape. Channel steel is mainly used in building structure, curtain wall engineering, mechanical equipment and vehicle manufacturing.
The day before, Goldman analysts wrote in the email report, 2018 Chinese steel exports may be reduced to 50 million ~6000 million tons, the previous forecast of 60 million ~8000 million tons. The analyst believes that the firm to capacity and domestic demand improvement is the two leading cause of reduced export volume. According to statistics, in 2016, China's steel exports amounted to 1.085 tons.
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