Global steel market looming stagflation trend

publisher: Gloria Wong
Time: 2019-04-18
Summary: The international steel market in early April looming stagflation

At the beginning of April, the internationalsteel market stagfed the trend of stagflation. As of April 12, the global steelbenchmark price index of 117.2 points rose by 0.5% on a week-on-week basis (theincrease was converging), and the month-on-month rate rose by 0.3% (theincrease was converging). 6.3% (expanded increase), down 6.1% year-on-year.Among them: flat steel index of 108.4 points, month-on-month increase of 0.1%(increased convergence); long product index of 127.2 points, month-on-month increaseof 0.8% (increase in convergence); Asian index of 120.4 points, month-on-monthincrease of 1.4% (increase in convergence). The index of China in Asia was 123points, up 1.3% month-on-month (the increase was converging); the Americasindex was 139.6 points, down 0.1% month-on-month (from flat to down); Europeindex was 98.8 points, down 0.8% month-on-month (from upside down) fall).Combined with the fundamentals forecast, the international steel market in thesecond half of April may continue to differentiate.

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