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International steel market continues to decline

International steel market continues to decline
Issue Time:2019-05-16

The international steel market in early May continued todecline. As of the reporting period, the global steel benchmark price index of116.1 points fell by 0.5% on a week-on-week basis (expected decline), down 0.4%month-on-month (from ups and downs), down 6.9% month-on-month ( The decline waswidening, down 6.2% year-on-year. Among them: flat steel index of 107.6 points,down 0.5% on a week-on-week (expanded increase); long product index of 126.1points, down 0.5% on a week-on-week (expanded increase); Asia index 120.4points, down 0.4% on a week-on-week (expanded increase). The China index inAsia was 122.9 points, down 0.6% on a week-on-week basis (the decline waswidening); the Americas index was 137.1 points, down 0.7% on a week-on-weekbasis (from ups and downs); the European index was 95.1 points, down 0.6% on aweek-on-week basis. Combined with the fundamentals forecast, the internationalsteel market in the second half of May may continue to be weak.

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