Current international steel market situation and market trends

The investment situation in the international steel market this year is still a little unclear compared with the past, but based on the price fluctuations since the beginning of the year, the market is expected to gradually recover.

The investment situation in the international steel market this year is still slightly unclear compared to before, but based on the price fluctuations since the beginning of the year, it is expected that the market will gradually recover. The outbreak of the COVID-19 at the beginning of this year has had a great impact on the global economy, and the steel market has not been spared. In fact, due to the actual impact of production shutdowns and trade restrictions, steel prices are relatively low, which is not good news for both producers and consumers. However, due to the partial growth of global economic recovery and the continued progress of large-scale projects such as construction and infrastructure, the forecast for steel demand is becoming more positive. In addition, based on the plans of the European Union, the United States, and China to increase economic stimulus packages, the market appears to have foresight and may see a certain degree of rebound overall.

In recent months, the growth in global demand has driven changes in steel prices. However, with the uncertainty of the epidemic situation and the increase of external risks, such as the intensification of trade tensions between China and the United States, the uncertainty of monetary policy, etc., it may have an impact on the market. Secondly, the policies of governments around the world can also have an impact on the market. Especially, the situation of the China US trade war remains unclear, which may lead to significant impacts on the industrial chain and subsequently affect the steel industry. In summary, the direction of the international steel market will be influenced by multiple factors. But considering the historical trend of the global steel market, I believe there is still a lot of room for growth in the future market.