The global market of falt steel is falling

Global steel demand is rising periodically in next 2 years. World Steel Association forecast that following the 1% increase in 2016, the global steel demand in 2017 will increase by 1.3% to 15.352 tons. Global steel demand is expected to increase by 0.9% in 2018 to 15.485 tons. T.V.Narendran, chairman of the Market Research Committee of the World Steel Association said: "the recovery of demand for steel in 2016 was higher than expected, and the main driving force for growth was from China." Therefore, we believe that steel demand will continue to be cyclical in 2017 and 2018.
Flat steel market prices continue to fall. In the United Arab Emirates, China's offer continues to fall sharply, resulting in a sharp fall in the import price of the United Arab Emirates flat material market. At present, the UAE market, hot rolled coil import price from 490-495 dollars / ton (CFR) US $455-475 / ton (CFR). Among them, China's coil at 460 U.S. dollars / ton (CFR), the buyer only bid 450 dollars / ton (CFR), South Korea at $480-485 / ton (CFR). Cold rolled coil import price from 590-600 U. S. dollars / ton (CFR) fell to 525-530 U. S. dollars / ton (CFR), China cold roll reported 525-530 U. S. dollars / ton (CFR). The import price of hot galvanized sheet dropped from US $670-730 / ton (CFR) to US $640-700 / ton (CFR), China reported US $640 / ton (CFR). In June, the domestic hot galvanized sheet in the United Arab Emirates was priced at US $730-750 / ton (CFR). In April, the Asian hot spot price has dropped to the lowest level since late October. At present, China's mainstream export price of ordinary commodities is quoted at US $425 / ton (FOB), with a minimum bid price of US $410 / ton (FOB). In May, the Russian cold base was expected to be reported at $420-430 / ton (CFR) and India at $495-500 / ton (CFR).
A large quantity of flat steel is supplied by Henan Bebon Iron & Steel CO., lTD. Quality assurance, welcome to consult to negotiate.