The global steel price resumes its upward trend, and the markets around the world are rising again
The global steel price resumes its upward trend, and the markets around the world are rising again
The international steel market rose in February. During the reporting period, the global steel benchmark price index of Steel House at 141.4 points rose 1.3% (from decline to rise) on a weekly basis, 1.6% (the same as before) on a month-on-month basis, and 18.4% (the same as before) on a month-on-month basis. Among them, the flat material index was 136.5 points, up 2.2% on a weekly basis (the increase was expanded); The long timber index was 148.4 points, up 0.2% on a weekly basis (from down to up); The Asian index was 138.8 points, up 0.4% (from down to up) on a month-on-week basis. In Asia, the China index was 132.4 points, up 0.8% (from down to up); The Americas index was 177.6 points, up 3.7% on a month-on-week basis (increase expanded); The European index was 134.5 points higher by 0.8% (from down to up).
International steel prices resumed their upward trend after a brief correction, generally confirming the previous forecast. From a fundamental point of view, markets across the country are generally on the rise, giving the industry unfulfilled expectations. From the perspective of operating logic, the trend after the relay consolidation may be more aggressive. Especially under the "bitter" steel demand such as post-epidemic recovery, post-disaster reconstruction, and supply reduction, the market may go further, and staged highs may appear in the near future.
According to the forecast of the development trend combined with the fundamental situation, the international steel market may continue to fluctuate and rise in March. (See Figure 1)
