Steel traders "cleanse themselves" will shrink the industry

In the face of industry turmoil, some steel traders have adopted a very conservative trading status. Although this kind of “cleanliness” can survive, the industry will shrink as a result, which may not be a good idea. Steel traders can use a number of hedging tools or huddle for heating.

At the moment, the steel trade industry seems to be experiencing a colder winter than nature, but there are also a few businesses that have not been affected, but have also ushered in a development opportunity. What is their secret? An article in 21st Century Business Herald gives the answer.

The report said that several steel traders who have survived have unanimously held that their ability to survive is nothing less than sticking to two bottom lines. First, insist on one-handed delivery of money in one-handed delivery, will not write off; Second, insist on not into the bank to promote sales of "mutual protection ** circle", to avoid the funds being stuck. These businesses also said that the steel trade industry is now facing a reshuffle, as long as they stick to the opportunity to become stronger and bigger. Of course, they also have difficulties now, that is, in the context of the overall sluggishness of the industry, the bank heard the words “steel traders” as if they were “frightened”.