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Global steel market looming stagflation trend

Global steel market looming stagflation trend
Issue Time:2019-04-18

At the beginning of April, the internationalsteel market stagfed the trend of stagflation. As of April 12, the global steelbenchmark price index of 117.2 points rose by 0.5% on a week-on-week basis (theincrease was converging), and the month-on-month rate rose by 0.3% (theincrease was converging). 6.3% (expanded increase), down 6.1% year-on-year.Among them: flat steel index of 108.4 points, month-on-month increase of 0.1%(increased convergence); long product index of 127.2 points, month-on-month increaseof 0.8% (increase in convergence); Asian index of 120.4 points, month-on-monthincrease of 1.4% (increase in convergence). The index of China in Asia was 123points, up 1.3% month-on-month (the increase was converging); the Americasindex was 139.6 points, down 0.1% month-on-month (from flat to down); Europeindex was 98.8 points, down 0.8% month-on-month (from upside down) fall).Combined with the fundamentals forecast, the international steel market in thesecond half of April may continue to differentiate.

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