Condition Of Global Steel Market

This is Cong Shine one leader of stainless steel industry. As for global steel market. The European steel industry crisis is to blame by themselves. The world steel association, vice chairman, Mr Eder steel union chairman to euro "Sunday" magazine, said: "the European steel industry have not been to cut production as the goal of real structural adjustment, not specifically to develop products for the future, make whole industry into the future development needs and bring it in trouble". Eder also criticized, said: "the eu governments and enterprises of this kind of problem that deserve equal responsibility".

This year the global steel apparent consumption will increase 0.5 to 1.5%.The world's largest steel arcelor mittal has predicted that in 2017 America's apparent consumption of steel market will increase by 3-4%, European consumption will grow by 0.5 to 1.5%, the market consumption will fall by up to 1% in China. Comprehensive, global steel apparent consumption will increase 0.5 to 1.5%.

Rio tinto is bullish on China opportunity. Australian iron ore supplier Rio tinto has said that the benefit from the ore price picks up, profitability in 2016, the year basis $6.06 billion profit, net profit of $4.6 billion, and 2015 losses of $2015.Rio tinto officials said that the healthy development of China's economy, the government, eliminate inefficiencies and pollution capacity is an opportunity for them.

Asian steel market: after suppression up first The home of the region of 106.3 steel benchmark price index, weeks rose 1.1% month-on-month (from flat to rise), up 1.7% y/y (or expand), month rose 60% (with former flat), rose 59.8% in the year (or convergence

Flat material aspects: market prices were mixed. In South Korea, since February, the domestic medium plate prices dropped to below 600000 won/t level (about us $522 / ton) especial 304 stainless steel sheet for the first time this year. At present posco GS400 medium plate prices won 59-600000 / ton (513-522 dollars/ton). the early January dropped 2-30000 won per ton. Winter construction activity is slowing. Traders have said even if demand was decline , but as the weather gets warmer, building contractors, accelerate construction is expected to the end of February in March .The latest prices will gradually be recovering. In early February despite the low resource into other regions of east Asia market, but China's steel mills hot roll quotation still remain strong, at $495 - $520 / ton (FOB).A steel trading business on Russian steel hot rolls clinch a deal the $500 / ton (CFR) in the Philippines and $485 - $495 / ton (CFR) in Vietnam. Cold-rolled finishing stainless steel coil from India to Vietnam clinch a deal the us $500 / ton (CFR). It is not only strong prices but some varieties prices up slightly. However Slab import market is relatively weak. The mainstream price is from $440 to $450 / ton (CFR) fell to $430 - $440 / ton (CFR). The order 40000 tons of slab in April delivery from Russia to Indonesia price of $430 to $435 / ton (CFR), a decline in early $5 - $10 / ton. It clinches a deal the $425 - $430 / ton (CFR) from Iran slab to Thailand. It is basically the same as before. Some analysts said the recent decline in coking coal market would result in the slab prices down further. But there are some market analysts pointed out that the recent China slab and billet prices regained may be bound to promote the hot coil prices up slightly like 316l stainless steel coil. So the latest prices could continue to be good.

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