Steel prices continue to rebound in the steel industry

In December 2008, domestic steel prices continued to rebound slightly. The average steel prices of the major cities in the country tracked by us showed that, as of December 31, 2008, the average price of cold rolled steel nationwide was 4,531 yuan/ton, which was a 13% rebound from the lowest price; Steel 3696 yuan / ton, compared to the lowest price reached 6%; wire 3671 yuan / ton, rebounded about 7% from the lowest price; hot rolled rebound is the highest, the current average price of 3938 yuan / ton, compared with the lowest price rebound rate reached 38 %.

According to the financial data of 71 large and medium-sized steel mills in the iron and steel industry that have been counted by China Steel Association in November 2008, the industry’s monthly loss amounted to 12.77 billion yuan. Since the losses in the steel industry in November were mainly due to the use of high-priced raw materials by large domestic steel mills, and the inventory impairment losses of the steel mills in 2008 will be reflected in a concentrated manner, it is difficult for the industry's financial data to be optimistic. Based on this, the country is strengthening the support for the steel industry, and the upcoming planning for the revitalization of the steel industry will be announced. However, the specific content has not yet been announced.

At present, the overall valuation of the steel industry PB has entered a reasonable range of 0.8- to 1, PE has reached about 7 times; under the policy-driven and environmental improvement expectations, demand will gradually increase, steel prices stabilized and the bottom of the industry It will be basically established that the steel industry can expect the expectation of profit improvement. Based on the above analysis, the investment rating of the industry for the full year is raised as a cautious recommendation.

Stainless Steel Plain Weave Mesh

Stainless Steel Plain Weave Mesh

Stainless steel woven wire mesh can be used in filtering liquid gas and pulp. The opening can be square ,rectangular or special opening. Normally, this kind of wire mesh has standard opening sizes, uniform opening ,good permeability and high strength. The raw materials should be chosen according to different environment of applications.

Material: SUS302, 304,316,304 L, 316L stainless steel wire and galvanized steel wire.

Wire diameter: Min 0.02mm

Mesh opening:0.02mm to 16.00mm

Mesh roll width: Max 6000mm

Mesh roll length: standard rolls size or customer request.


As a highly-accomplished wire mesh exporter, Kingdelong was established jointly by China and South Korea in 1986, Our strategic location in Anping County,Hebei province is only 300KM away from Beijing and Tianjin, which offers us very competitive advantages both in trade and logistics. Through two decades of hard work, Kingdelong company had evolved into one of China`s largest wire mesh manufacturing companies,Covering an area of over 200,000㎡, certificated by ISO 9001 & ISO 14001,as well as more than 450 diversified production machines, which are either imported from foreign countries or developed in-house.Wire mesh products find applications in a wide range of industries, from Pharmacy to petroleum and chemical to textile.

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