Tianjin Xinyue Industrial and Trade Co., Ltd.
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The international steel market is now adjusting its downward trend

Jul. 05, 2018

The international steel market in June was first raised and then suppressed. At the end of the month, the global steel benchmark price index of 124.1 points fell by 0.2% on a week-on-week basis (from rising to falling). Among them: the flat material index was 117.5 points, down 0.4% on a week-on-week basis (from ups and downs); the long product index was 131.5, which was flat on a week-on-week basis; the Asian index was 130.1% points, down 0.6% on a week-on-week basis (from ups and downs). The China index in Asia was 133.9 points, down 0.7% on a week-on-week basis (from ups and downs); the Americas index was 137.8 points, which was flat on a week-on-week basis; the European index was 105.1 points, up 0.4% on a week-on-week basis. Based on the market operating situation combined with the fundamentals forecast, the international steel market in July may continue to decline.


Global crude steel production in May increased by 6.6% year-on-year. According to the International Steel Association, in May this year, the world's 64 crude steel output in the statistics of the World Steel Association was 154.9 million tons, an increase of 6.6% year-on-year, an increase of 9.62 million tons; the utilization rate of crude steel capacity in May was 77.7%. It increased by 4.2 percentage points year-on-year and 1.0 percentage point quarter-on-quarter. From January to May, global crude steel output was 72.92 million tons, up 4.3% year-on-year, and crude steel output was 29.96 million tons.


The EU will implement temporary trade safeguards. EU Trade Commissioner Cecilia Malmstrm said at a press conference in the week that the EU may begin implementing temporary trade safeguards in mid-July. According to industry sources, the European Iron and Steel Industry Alliance has required EU member states to adopt a quarterly quota mechanism for imports and a 25% import tariff for products that exceed quotas.


Asian steel market: mixed. The benchmark steel price index of 130.1 points in the region fell by 0.6% on a week-on-week basis (from rising to falling), which was flat on a month-on-month basis and up 23.9% year-on-year.


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