Tianjin: Report "Grid Steel" up will be awarded
We all know that Tianjin is the base of Chinese Steel Industry. Xinyue Steel Group’s HQ is also in Tianjin. Xinyue’s main products includes SAW, ERW, SMLS steel pipe.
Global steel market is now a full callback trend
Based on the fundamental situation in the Asian market, the Asian steel market in May may continue to trend upwards and downwards.
Canada launches anti-dumping investigation on Chinese Korea Vietnamese steel
The court will investigate whether the dumping and subsidy of “cold-rolled carbon steel products” imported from these three countries have caused damage to Canada’s steel industry.
China Iron Ore Price Index in late May
China Iron Ore Price Index (CIOPI) was 233.46 points, a decrease of 1.15 points from the previous quarter, a decrease of 0.49%.
Steel futures prices will remain high in late May
It is expected that the prices of rebar and hot-rolled coil futures will remain high and volatile in the latter part of May and the overall change will not be too great.
Demand weakens to determine price downward trend
The fundamentals of steel are currently at high supply, high profits, and relatively high inventory levels. The decline in mid- to long-term demand and weakening demand in the peak season will put pressure on prices and maintain the bearish outlook.
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