The hottest global steel market reappears the tren

The global steel market reappeared the sharp rise trend

led by the Chinese market, the international steel market reappeared the sharp rise trend in July. At the end of the month, the global benchmark steel price index rose by 4.2% month on month (MOM) (the increase was expanded), with a year-on-year increase of 27.6%. Among them, the flat timber index was 97.6 points, with a month on month increase of 5.2% (the increase was expanded), and a year-on-year increase of 26.1%; The long timber index rose by 3.0% month on month (MOM) to 113.8 points, with a year-on-year increase of 31.2%; The Asia Index rose by 6.1% month on month (MOM) to 111.6 points, with a year-on-year increase of 40%. The China Index in Asia was 115.1 points, up 6.9% month on month (MOM), up 44.5% year-on-year; The Americas index rose by 0.9% month on month (MOM) to 106.4 points, with a year-on-year increase of 9.1%; The European index rose 2.2% month on month (MOM) to 91.1 points, up 15% year-on-year. The data shows that the trend of Asia and its Chinese market in July was very strong, and once again led the shock rise of the global aggregate index. Therefore, combined with the fundamental situation, it is predicted that the international steel market may continue to fluctuate and rise in August

flat materials: the market price continues to rise. In South Korea, due to the increase in demand, the main galvanized sheet manufacturers in South Korea, including East steel, East steel and Shiya coating metal company, have raised the price of galvanized sheet by 20000 won/ton (about $18/ton). At the same time, the steel mills also plan to raise the price in August. Insiders said that the increase of steel mills in August will be higher than that in July. In Japan, Tokyo steel released the ex factory price list of steel products in August 2017, and the ex factory prices of all steel products remained unchanged. At present, the ex factory price of hot-rolled sheet with a thickness of 2.3mm-6.0mm is still 67000 yen/ton. In July, the strong trend of the Chinese market led the Asian Hot Coil spot market to continue to rise. At present, the export quotation of China's commodity volume continues to climb to 505 US dollars/ton (FOB), up 5 US dollars/ton from the beginning of the month, and the cold volume is 540 US dollars/ton (FOB), up 10 US dollars/ton. However, some insiders pointed out that the rising domestic steel prices in China will continue to reduce the export competitiveness of Chinese products

in terms of long materials: market prices continue to rise. In Japan, Tokyo steel released the ex factory price list of steel products in August 2017, and the ex factory prices of all steel products remained unchanged. At present, the ex factory price of MM deformed steel bar is still 56000 yen/ton, and the specification is 148 × The ex factory price of 100 H-beam is 78000 yen/ton. However, a well-informed source revealed that due to the rising prices of electrodes, refractories and other materials, some Japanese screw thread steel mills are planning to raise prices. People from steel mills said that recently, production costs have risen rapidly, and the corresponding price increase of steel is both reasonable and a trend. At present, the quotation of mainstream rebar on the Tokyo market is 5 70000 yen/ton, and the price of mainstream rebar in Osaka market is 5 40000 yen/ton, and the export price of rebar in Japan is 5 40000 yen/ton (FOB), both rose slightly. In Taiwan, China, Fengxing steel raised the price of rebar for three consecutive weeks. Among them, the price of 13mm deformed steel bar was increased by NT $300/ton to NT $15000/ton. Some market analysts said that Taiwan's local steel mills have plans to stop production and overhaul in August, and it is expected that the market supply of rebar will decline. Coupled with the high price of billets from Chinese Mainland and Russia, Taiwan steel mills have no price advantage in rolling rebar with imported billets. Therefore, at present, the demand of Taiwan's local rebar market is relatively good, and there is still room for the first feature of price improvement in the later stage. In Iran, due to the tight supply of billets, the price of rebar continues to rise. To this end, the Iranian steel producers' Association recently convened rebar rolling mills to study countermeasures to alleviate billet supply and cope with rising prices. Some steel mills believe that the massive export of square billets is the main reason for the tight domestic supply. The countermeasures are to reduce the tax on imported billets, so that the screw thread steel rolling mill can import from abroad. The second is to encourage major billet manufacturers to increase their supply to the domestic market. The system showed that in July, driven by the rise of the Chinese market, the Asian long timber market continued to rise. At present. The export quotation of China's square steel has approached 500 US dollars/ton (FOB), and the mainstream export quotation of rebar has basically stabilized at US dollars/ton (FOB, real weight). Some steel traders said that China's steel prices continue to rise, and the competitiveness of the international market is bound to weaken. However, if the global steel mills follow the price rise, the later trend can be cautiously optimistic

trade relations. On July 14, the Australian anti dumping Commission announced in its 2017/95 announcement that it would launch an anti-dumping mid-term review and investigation of hollow structural steel imported from Chinese Mainland, South Korea, Malaysia and Taiwan, and an anti subsidy mid-term review and investigation of products imported from Chinese Mainland. The survey period is from July 1st, 2016 to June 30th, 2017

brief survey: according to the operation situation and the basic situation, it is predicted that the Asian steel market may continue to fluctuate and rise in August

European steel market: rising sharply. The benchmark price index of 91.1 points in the region increased by 1.3% on a weekly basis (from flat to up), 2.2% on a monthly basis (increase expanded), 15% on a monthly basis (increase expanded), and 21.3% on a year-on-year basis. (see Figure 3)

in terms of long materials: the market price is stable and rising. At the end of July, the delivery price of rebar in northern Europe was EUR/ton, and that in southern Europe was EUR/ton, both of which remained stable. The export price of rebar was EUR/ton (FOB), up EUR/ton from the beginning of the month. In Turkey, the export price of deformed steel bar in Turkey rose slightly to USD/ton (FOB of real weight). The export price of wire rod is still USD/ton (FOB). It is reported that at least two Turkish steel mills have exported about 50000 tons of rebar to the Southeast Asian market at the price of 460 US dollars/ton. Therefore, it is expected that the export price will continue to rise slightly in the future. In terms of profiles. Affected by the rising price of scrap steel and the increase of market demand, the price of European profile and small timber increased by EUR/ton. At present, the delivery price of graphene profiles in continental Europe is 500 euros/ton, an increase of euros/ton compared with the end of June. Some market analysts said that the reduction of profile supply by British Steel Group will promote the bullish price of British profile, especially the recent rise in the market transaction price of small profile due to the impact of the price increase of major steel mills. To this end, some industry analysts said that it is expected that the trend of European profile and small market will remain stable and strong in the short term

brief survey: according to the operation situation and the fundamentals, it is expected that the European steel market may continue to rise in the near future

flat materials: market prices continue to rise. In the United States, due to the improvement of market demand and the lack of import resources, many American steel mills raised sheet prices by US dollars/short ton. Among them, the price increases of California iron and Steel Group, Nucor and AMMI America are not less than $25/short ton, while the price increases of nlmkusa are $40/short ton. After the price increase, the ex factory prices of hot coil and cold coil in the steel plant are about $620/short ton and $820/short ton respectively. Some market analysts said that although steel mills continue to raise prices, the inventory of American service centers is still low, mainly because the 232 survey has not yet been concluded, the market is still uncertain, and there is still room for price increases in the later stage. In Brazil, Minas Gerais steel plant recently announced a price increase of 10.7%, which took effect on July 21. Minas Gerais steel plant said that the price rise was mainly a response to the rise in international steel prices. If the price is not increased, the steel plant may face production reduction. Of course, the recent decline in Brazilian hot coil imports is also a reason for steel mills to raise prices. Loureiro, President of the Brazilian flat material association, said that Brazilian flat material producers ArcelorMittal and geldo group would follow Minas Gerais steel in raising the price of hot coils. However, he said that ArcelorMittal raised the price by about 10%, which will take effect from July 24. Gaierdao group will raise the price of hot rolls by 10% on August 1. It is reported that Brazil's national ferrous metallurgy company has not yet said whether it will raise prices, but it is expected to keep up with the trend of the market. However, some traders said that there was a certain risk of raising prices when most steel mills rushed to ship. At present, the ex factory price of Brazil's domestic hot coil excluding tax is R $2050/ton

in terms of long materials: the market price fluctuated slightly. In the United States, as the 232 survey results have not yet been released, the market is in a strong wait-and-see mood. At present, the price of deformed steel bars in the southeast is slightly weak, and the ex factory price of steel mills is $10/short ton, down $10/short ton from the previous one. The market situation of wire rod is similar to that of deformed steel bar, but the price remains stable. The quotation of industrial wire rod is still USD/ton, which has remained stable for two consecutive months. Some market analysts said that although it was rumored that the steel mills would raise the resource price of August delivery, no steel mills have made a clear statement so far. Therefore, it is expected that there is a wide range of market demand, and the wire rod Market in August is still dominated by stability

trade relations: o'berryenterprisesinc The company applied that the Canadian International Trade Court modify the product scope of double countermeasures for carbon steel fasteners originating in China, excluding specific products such as square head wood screws) from the product scope of double countermeasures. The decision came into force on July 12, 2017

simple test: according to the operation situation and the fundamentals, it is expected that the American steel market will continue to be strong in the near future