Global steel market continued to rise and fall pattern

- Feb 23, 2018 -

Global steel market continued to rise and fall pattern

The opening of the international steel market, in Asia and its impact on the Chinese market under the influence of turmoil, there has been mixed up and down pattern. January of the international steel market in January "geomantic turns" situation, especially the long-term weakness in European steel prices, there has been a substantial stretch of the situation, quite eye-catching! However, the fundamentals of the global market, the Chinese steel prices The technical adjustment will not change the important influence on the world steel. Forecast, the recent international steel market will continue weak Asia Europe and the United States strong differentiation trend.

In 2017, the world's crude steel production hit a record high again. According to the latest data from the International Steel Association, global crude steel output in 2017 increased 5.3% from the same period of last year to 1.6912 billion tons, hitting a new record high. In 2017, the country with the "billion tons of clubs" new to the global crude steel industry was India, with crude steel output reaching 1.014 This has led to an increase of three countries in the world of crude steel production to 100 million tons, namely China, Japan and India.

Asian steel market: Xianyihouyang. The benchmark 128.5-pound steel price index in the region rose 1.5% (from declining to up) on a week-on-week basis, with a decrease of 3.9% MoM or an increase of 23.8% YoY.

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