Brazil's Vale has stopped loading Chinese miners. This has led to a serious imbalance in the supply and demand of the global shipping market. The Baltic Shipping Index (BDI) reached its highest point on May 20 this year - 11,793 points. On October 31, the index fell to 851 points. The historical low of the BDI Index since 1995 is 776 points on January 18, 1999. Now the steel industry and its upstream and downstream industries are trapped in a positive feedback “hard landing†triggered by the outage of Brazilian mines.
High-priced raw material inventory will lead to short-term losses of steel companies
The large-scale state-owned enterprises whose international iron ore and seaborne prices are locked through long-term agreement prices have faced particularly severe challenges to the company's operating performance during the sharp fall in both iron ore and shipping prices. Therefore, in the fourth quarter of 2008 and the first quarter of 2009, we are relatively optimistic about the improvement in the performance of iron and steel companies with a higher proportion of spot iron ore and less shipping COA.
In November, domestic and foreign steel prices will bottom out
With the hard landing of international shipping prices and spot iron ore, international steel prices will follow the bottom. Domestic steel production has fallen sharply since September, and it is expected that the output in October will further shrink. After the dive of steel prices, the stocks in the downstream industries and circulation sectors are relatively small. Once the demand starts to pick up, the steel prices will bottom out.
Tower Crane Telescoping Hydraulic System is the important system used for Tower Crane Mast Section telescoping. It includes the telescoping cage, telescoping yoke, cylinder, and Hydraulic Pump Station.
The main components of hydraulic system of tower crane are hydraulic cylinder, control element, oil pipe and pipe joint, oil tank and hydraulic oil filter, etc.
The hydraulic pump and the hydraulic motor are the most complex parts of the hydraulic system.
The hydraulic pump inhales the oil and transpotrs it through pipes to the hydraulic cylinder or the hydraulic motor, so that the cylinder or the motor can operate normally.
Tower Crane Telescoping Hydraulic System
Hydraulic Pump Station,Telescoping Cage,Telescoping Yoke,Tower Crane Cylinder,Axial Plunger Pump
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