The decline in demand, especially in China, has cast a shadow over the industry, and Goldman Sachs sources that these problems will continue at least until the fourth quarter.
China’s economic data released on Thursday exacerbated the bleak outlook, with gross domestic product (GDP) slowing in the second quarter and continuing inflation in June.
Earlier this week, China’s second largest steel mill by production, Baoshan Iron & Steel Co., informed traders that the price of hot rolled coils and cold rolled coils would be reduced by 300 yuan per ton in August ($44.30). ), a drop of about 5%, but Dow Jones Newswires quoted the company as saying that most of its products will not be cut.
Citigroup GlobalMarkets analysts Scarlett Chen and Thomas Wrigglesworth wrote in an earlier report this week that the price cut would make Baosteel's cash profit per ton reach 699 yuan, roughly the same level as the first quarter of 2009. The company has just lost profits and losses.
At the same time, Wuhan Iron and Steel said it will cut prices by the same amount. Citi analysts broke the news that competitors Angang and Maanshan Iron and Steel will cut prices by 300-400 yuan per ton.
Analysts said that Shanghai's offer for cold-rolled coils has fallen particularly sharply. As a result, the impact on large steel companies is much greater than that of small steel companies, and small steel companies have much less demand for production.
They said that the fall in the price of cold-rolled steel coils had the biggest impact on Angang and Baosteel.
In the data released on Thursday, China's steel output in June increased by 15.9% compared with the same period of the previous year, and crude steel output increased by 9%.
Thrust ball bearings are separable bearings, and the shaft and housing rings can be separated from the components of cages and steel balls. The shaft ring is a ring that matches the shaft, and the housing ring is a ring that matches the bearing housing bore, and there is a gap between the shaft and the shaft; Thrust ball bearings can only bear axial loads, unidirectional thrust ball bearings can only bear axial loads in one direction, and two-way thrust ball bearings can bear axial loads in two directions; Thrust ball bearings can not limit the radial displacement of the shaft, the limit speed is very low, unidirectional thrust ball bearings can limit the axial displacement of the shaft and housing in one direction, and two-way bearings can limit the axial displacement in both directions. Thrust roller bearings are used to carry combined axial and radial loads dominated by axial loads, but the radial loads shall not exceed 55% of the axial loads. Compared with other thrust roller bearings, this type of bearing has a lower friction factor, higher rotational speed and self-aligning performance. The rollers of the 29000 type bearing are asymmetrical spherical rollers, which can reduce the relative sliding of the rollers and raceways in the work, and the rollers are long, the diameter is large, the number of rollers is large, the load capacity is high, and oil lubrication is usually used, and grease lubrication can be used for individual low-speed situations. In the design and selection, it should be preferred; The Type 80000 Thrust Cylindrical Roller Bearings, Type 90000 Thrust Tapered Roller Bearings and Type AXK Thrust Needle Roller Bearings, which can withstand unidirectional axial loads, have a much greater axial load capacity than thrust ball bearings, and are rigid and take up less axial space. Thrust cylindrical roller bearings and thrust needle roller bearings are suitable for applications with low speeds, and thrust tapered roller bearings rotate slightly faster than thrust cylindrical roller bearings. [1]
Thrust Bearings,Stainless Thrust Bearing,Thrust Ball Bearing,Thrust Roller Bearing
Hebei Fangqiang bearing manufacturing Co., LTD , https://www.fangqiangbearing.com