The Global Steel Market is Now Stabilizing to Strong Side


In July, the international steel market stabilized and increased, especially in the Asian and Chinese markets, which caused the global index to gradually recover. At the end of the month, the Steel Steel’s global steel benchmark price index of 112.6 points decreased by 0.05% on a week-on-week basis (a converging decline), with a month-on-month increase of 0.37% (a converging increase), a month-on-year decline of 8.46% (an increase), and a year-on-year decrease of 7.1% (at the end of the year). The decline has expanded). Among them: flat steel index of 104.8 points, month-on-month increase of 0.3% (from down to rise); long product index of 121.2 points, month-on-month decline of 0.1% (decline convergence); Asian index of 116.1 points, month-on-month increase of 1% (increase in convergence) . The China index in Asia was 117.9 points, up 1.6% month-on-month (the increase was wide); the Americas index was 133.5 points, down 0.6% month-on-month (same as before); the European index was 93 points, down 0.5% month-on-month (decline convergence). According to the operating situation, combined with the prediction of the fundamentals, the international steel market in August may rise and fall and fluctuate.

Post time: Aug-08-2019