We have new significant carbon steel structural tubing projects in Nigeria. It is about crude oil storage tanks. With the development of our steel materials business in the Africa those years, Nigeria has been an important market to us. And we have many carbon steel structural tubing famous projects in local and also participated in a lot of governmental projects. This crude oil storage tanks project is a very big engineering, and lasts for years. This is the only initial stage. We are under negotiation about following installation and further demands etc. matters.
From the perspective of market conditions, today carbon steel structural tubing spot prices are operating smoothly, futures are volatile, and market acceptance is average. Merchants have a wait-and-see attitude. Low-price transactions are average, while high-price transactions are poor. Most merchants have daily transactions of 200-300 tons. between. For the market outlook, most merchants adopt the mode of selling more and lowering the warehouse, and are cautious about the later market.
The company has huge steel carbon steel structural tubing products stock all the year round to meet the urgent needs of customers. For stock products, we can arrange delivery within 3 days. The transportation department and shipping department shall coordinate and follow up to update the progress to customers regularly, i.e. where the goods have arrived, so as to let customers not worry and rest assured. Think about what the customers think and what the customers are anxious about, solve problems for customers efficiently and effectively, is the direction of our unremitting efforts.
The recent improvement in demand is also reflected in carbon steel structural tubing social inventory. This year, the growth rate of carbon steel structural tubing social inventory has slowed down compared with the same period last year, which indirectly reflects that the demand of carbon steel structural tubing this year is better than that of last year. In addition, carbon steel structural tubing production, which has set new highs again and again, has slowed down this month, with a slight decline. The decline of carbon steel structural tubing production will also alleviate the relationship between supply and demand.
Welcome customers to visit our company, we specialize in steel products, adhere to the carbon steel structural tubing quality first standard, and do not forget to provide customers with the best quality products and services. Our product quality office is the best, and our carbon steel structural tubing price is also very advantageous. Welcome to purchase steel products from our company.
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