Last month, the international steel price remained stable. The market price trend of flat-panel products and outstanding talents in the United States is very stable and is in the incubation period of price increase; The market of flat products in Europe and talents is at a weak level, and the market price of flat products is pessimistic, but the market situation of talents is better. The steel market in Asia is still relatively weak. Due to the influence of domestic steel prices and iron ore prices, domestic export quotations continued to fall last month, which led to buyers' fear of buying immediately, holding a wait-and-see attitude and relatively dull market transactions. Judging from the overall data, the recent international steel market should be operating in the consolidation stage.
(1) The American market maintained steady development.
In the United States, a number of steel companies have recently announced that they will adjust steel prices, but the price of thin plates has remained stable. The price of hot coil produced in the steel market in the midwest of the United States is generally around $460 per ton, and the price of cold coil fluctuates around $580 per ton. However, most buyers believe that the price increase is limited. Because the recent period is a combination of the general market stage and the American Independence Day holiday, buyers have slowed down their purchases. In terms of outstanding talents, there is a weakening trend, because due to the impact of the price increase of scrap steel in June, American steel manufacturers have adjusted the price of some rebar, and some buyers in the eastern United States are unwilling to accept the reality of steel price increase. The ex-factory price of rebar in the eastern United States is about $560 (per ton), and its price has dropped 15 $ (per ton).
(B) European steel market weak consolidation
Recently, the European steel market is in a state of exhaustion. Faced with the pressure of continuous downward price, the steel market is depressed. First, it is in the off-season of the market, but the price of imported steel resources is weakening, which makes the European market less competitive with local resources. The ex-factory price of hot coils fluctuates around $390, and that of cold coils is around $480. Last month, the rebar market in northwest Europe was stable, and the demand in Germany was good, but it did not affect the whole European market.
(c) Asian steel market prices remain weak.
Affected by the decline in domestic flat steel prices and iron ore prices, China's flat steel export prices have declined slightly, making the export price of hot coils around 345 US dollars, while the export price of cold coils around 400 US dollars. At present, the steel market in China is in a low-profit industry, and there is not much room for development. In India's steel market, the price of hot coil remains stable, which is precisely because of the impact of the government's new projects.
The above is Bian Xiao's general analysis and explanation of the international steel market. I hope that the owners who want to buy a lot of steel will think twice and make a general prediction on the purchase of steel.