Global steel market continues to pick up

publisher: Gloria Wong
Time: 2019-02-28

Under the leadership of Asia and its Chinese market, theinternational steel market in February fluctuated. As of the reporting period,the global steel benchmark price index of 115.3 points increased by 0.1% on aweek-on-week basis (the increase was converging), with a month-on-monthincrease of 1.3% (increase in the increase), and a month-on-year decrease of5.9% (a concession), down 5.7% year-on-year. convergence). Among them: flatsteel index 106.6 points, month-on-month increase of 1.5% (increase in increase);long product index 124 points, month-on-month increase of 1% (increase inconvergence); Asia index 116 points, month-on-month increase of 2.1 (same asbefore). The China index in Asia was 117.9 points, up 2.3% month-on-month (theincrease was wide); the Americas index was 139.4 points, down 0.4%month-on-month (the decline was widening); the European index was 98.2 points,up 1.4% month-on-month (the increase was widening). Combined with thefundamentals forecast, the international steel market in March may continue tofluctuate and rebound.

In January, global crude steel output increased by 1%year-on-year, and the United States increased by 11%. According to the WorldSteel Association, in January 2019, the global crude steel output of 64countries and regions included in the World Steel Association was 146.7 milliontons, a year-on-year increase of 1%. Among them: China's crude steel output was75 million tons, up 4.3% year-on-year; India's 9.2 million tons, down 1.9%;Japan's 8.1 million tons, down 9.8%; South Korea's 6.2 million tons, down 1.5%;US 7.6 million tons Year-on-year growth of 11%.

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