We see recently steel coil processing machines such as slitting machine, Cut To Length Line, rolling machines are not so hot sale in market, very probably caused by the instable metal material market, customers are watching the market trend and wait for a proper moment to invest.
Fitch Ratings-Moscow/London-02 February 2021: The recent global rally in steel prices will be short-lived, Fitch Ratings says, with prices starting to decline towards the end of 1Q21 as steelmaking production continues to be restarted. Vast steelmaking capacity idled during the heights of the pandemic could not be brought online quickly enough to meet recovering steel demand and restocking, leading to the rapid rise in prices.
refer to: https://www.fitchratings.com/research/corporate-finance/global-steel-price-rally-will-be-short-lived-02-02-2021
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