American steel market trend in October
According to the operating situation combined with the fundamental situation, the recent US steel market may be oscillating downward trend.
European steel market trend in October
European steel market: continue to cut. The benchmark price index for steel in the region of 104.8 fell by 1.4% on a week-on-week basis (down from up to down), down 1.4% month-on-month (expanded), up 1% month-on-month (same as before) and up 17.5% year-on-year.
Asian steel market trend in October
Asian steel market: a small decline. The benchmark benchmark price index of 126.6 points in the region fell by 1.1% on a week-on-week basis (expansion decreased), down 1.5% month-on-month (from up to down), up by 4% year-on-year (swelling up), up 16.5% year-on-year.
Australian steel market trend
The Australian government expects China's steel output to be 886 million tons this year, and its output will drop to around 800 million tons by 2023; BHP Billiton believes that steel production will not peak until mid-2020 It may reach a height of 1 billion tons.
The global steel market continues to adjust the weak trend
In the middle of the month, the global steel benchmark price index of 123.3 points fell by 0.9% on a week-on-week basis (expected decline), down 1.14% month-on-month (from ups and downs), up 6% month-on-month and up 18.8% year-on-year.
Japanese economic industry
the fourth quarter of Japan's crude steel output will benefit from the strong demand of the domestic automotive industry, industrial and construction machinery industry, and is expected to achieve year-on-year growth.
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