In July, the majority of Asia will have hot and wet weather, which will cause a seasonal drop in demand. At the same time, mills will begin performing seasonal maintenance, which will result in a fall in production, leading to a decrease in supply. first half of the year, four significant features have begun to surface on the worldwide market. The amount of supplies coming from Asia has not decreased. The world’s 63 main steel-producing nations and regions produced 658 million tons of crude steel between January and May of this year, which represents a 2.1 percent rise over the previous five-month period. May saw a rise of 2.6 percent in the amount of crude steel produced by the world’s 63 main steel-producing nations and regions, bringing the total to 136.3 million tons. The market for equities keeps going down. The Chinese stock market has continued its downward trend during the month of june, inventory constraints have reduced, but steel stockpiles remain at a high level. may, the United States service center inventory continues to fall, the market demand is on the mend, and there is very little inventory pressure; The stockpiles in South Korea and Japan continue to fall, which is mostly attributable to a drop in steel output. On the other hand, the stocks in Europe climbed somewhat, and the major reason for this is poor demand and a loss in exports. Steel stocks were lower than they were the previous year and the level they were at the previous year earlier, which has little pressure on the stock market, and there is the late replenishment needs. This was the case in addition to china, which was the leading region in the world in may of this year. pricing of raw materials hardly little adjusted. The costs of overseas raw materials have continued to fall during the month of June. United States and Japan to Maintain the Overall Declining Trend in Scrap Prices Even if Turkish Import Prices have Bottomed Out, the Whole Market Continues to Be Weak. July and August signal the beginning of the off-season for demand in the worldwide market, which means that prices for scrap metal and pig iron are unlikely to have a strong showing during this time. As a result, the likelihood of post-merger integration increases. There has been a continuing trend of sluggish demand. June saw a stagnant increase in global steel demand, and this trend is expected to continue through July and August, when the rainy season in the northern hemisphere causes a fall in market demand. On the European market, the falling trend has slowed somewhat. Notwithstanding a somewhat slowed negative trend, the European market continued its downward trajectory in June. Sheet prices are continuing their downward trend, with the Nordic HRC ex-works dropping by roughly 90 per ton in comparison to the previous year. As of right now, the price level in the south and the northern region is equal, and steel may be close to the bottom. However, because to the increase in the price of ore and the weaker inlet pressure, the market is unlikely to fall much lower. Despite this, the overall demand forecast is pessimistic, and there may be poor consolidation in the European coil market later on. lengthy steel market continuing to collapse; since june, nordic scrap prices have fallen 25 euros per ton, followed by scrap, local rebar and wire rod prices falling 10 euros per ton; the selling price of southern European rebar has plummeted to between 465 and 470 euros per ton. market in the United States: sheet recovery, weak longs The price of hot-rolled coil in the United States jumped to 720 to 740 dollars per ton in June, while the price of hot-rolled coil in the United States was 620 to 640 dollars per ton. The thick market dropped, and it is presently below the level of $ 680 / ton to 700 $ / ton. This is the lowest it has been since the beginning of the year. The steel market is anticipated to be getting closer to its bottom. The rebar market in the United States is stable. The fundamental characteristics of the local rebar market ensure that prices stay between 620 and 640 dollars per ton. If you are looking for a provider of high-quality erw steel pipe, steel section, or steel wire in China, go no further than ontrend industrial limited. If you have any requirement, please do not hesitate to visit our website.
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