International steel market continues to decline

The international steel market in early May continued todecline. As of the reporting period, the global steel benchmark price index of116.1 points fell by 0.5% on a week-on-week basis (expected decline), down 0.4%month-on-month (from ups and downs), down 6.9% month-on-month ( The decline waswidening, down 6.2% year-on-year. Among them: flat steel index of 107.6 points,down 0.5% on a week-on-week (expanded increase); long product index of 126.1points, down 0.5% on a week-on-week (expanded increase); Asia index 120.4points, down 0.4% on a week-on-week (expanded increase). The China index inAsia was 122.9 points, down 0.6% on a week-on-week basis (the decline waswidening); the Americas index was 137.1 points, down 0.7% on a week-on-weekbasis (from ups and downs); the European index was 95.1 points, down 0.6% on aweek-on-week basis. Combined with the fundamentals forecast, the internationalsteel market in the second half of May may continue to be weak.