Cisa: the global steel market is recovering slightly

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China association of steel published yesterday, the international steel city banyuantan analysis that the global steel city is now a small recovery, from the steel benchmark price index, the European steel market has rebounded sharply, the Asian steel market has risen steadily, the American steel market has fallen steadily.

China iron and steel association said, Asian countries happy Spring Festival, dilute the original cold and cheerless international steel city, and the Chinese lunar New Year is off to a good start, but also played a protective role.By the end of the reporting period, the global steel benchmark price index was 115.2 points, with a month-on-month increase of 1%(from decline to rise), a month-on-month increase of 1.14%(from decline to rise), a month-on-month decrease of 6.1%(extended), and a year-to-year decrease of 5.9%(extended).Among them: flat wood index 106.4 points, month-on-month increase of 1.3%(from decline to rise);The longwood index rose 124.7 points, up 1.1% month-on-month.The Asian steel market is steadily improving.The benchmark steel price index at 116.1 points in the region rose 0.6 percent on a weekly basis (from flat to higher), rose 2.1 percent on a monthly basis (from lower to higher), fell 10.9 percent on a year-over-year basis (the decline narrowed) and fell 11.6 percent on a year-over-year basis.Based on the fundamentals of the Asian and Chinese markets, cisa forecasts that the Asian steel market may continue to adjust its momentum in the near future.European steel markets rebounded sharply.The benchmark steel price index at 97.4 points in the region rose by 2.8% on a weekly basis (from flat to higher), rose by 0.6% on a monthly basis (from lower to higher), fell by 14.1% on a monthly basis (extended) and fell by 12.7% on a year-on-year basis.In the European Union, rebar exports were $615 a tonne (CFR), up $5 from the end of last month.Rebar imports rose $15 to $570 per ton (CFR).Net wire, $593 / ton (CFR), same as before.Trade relations.

The European commission announced on February 1 that it will impose final safeguard measures on 26 categories of imported steel products starting from February 2, and impose a 25% tariff on imported steel products exceeding the quota.Steel markets in the americas fell steadily.The region’s 139.7 benchmark steel price index was flat on a month-on-month basis, down 0.3 per cent on a month-on-month basis (downwardly revised), up 22.7 per cent on a year-on-year basis (downwardly revised) and up 23.7 per cent on a year-on-year basis.In the United States, rebar imports are priced at $739 per ton cif and wire mesh at $832 per ton cif, both roughly unchanged from late last month.Small section steel at $865 per ton (cif), down $16 per ton.Separately, nearly 50 us industry groups have signed a letter to the trump administration asking it to end economic pressure caused by steel and aluminum tariffs.The letter said continued steel and aluminum tariffs would create a business crisis for U.S. companies that rely on imports of steel and aluminum.And the cost of a steel trade war far outweighs the benefits of the u.s.-mexico deal.

Cisa according to the operation situation combined with the fundamentals of the situation is expected to the recent steel city in the americas or continue to downward trend.

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Post time: Feb-20-2019
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