Global steel market is now showing signs of rebound

In the first half of December, the international steel market has shown signs of rebound although it has been repeated. With the consolidation of China's steel market, the decline of the global total index tends to converge, and even the first week of general rise. According to the operation situation and the basic situation, the international steel market at the end of the year or under the guidance of China's steel market to stop falling and rebound, out of the trend of first suppressing and then raising the red disk closure.

The steel demand in 2019 has a good prospect. The Turkish Association of Steel Exporters (CIB) predicts good prospects for 2019. From January to November this year, Turkey's steel exports grew 19.8% to 19.3 million tons year-on-year, exceeding the CIB's annual target. Exports grew by 37% in the first 11 months to $14.1 billion. Exports in November increased 61% to 2.5 million tons from a year earlier, and exports increased 56% to $1.7 billion. CIB President Adnan Aslan pointed out that despite the implementation of protectionist measures, Turkey's exports continued to grow. The Brazilian Iron and Steel Association predicts that Brazil's apparent steel consumption will increase in 2018 and continue to increase in 2019, thanks to Brazil's economic recovery and good economic prospects. According to the association, Brazilian steel consumption will reach 21.17 million tons in 2018, an increase of 5.3% over the same period last year. In 2019, it will reach 22.47 million tons, an increase of 6.2% over the previous year.

According to the analysis, the Asian steel market oscillated and consolidated in the past half month. The steel benchmark price index of steel house in 113.7 points in the region fell by 0.9% (from rising to falling), 5.3% (from expanding) and 14.8% (from expanding) in the month-to-month period, and increased by 11.6% in the year-to-year period. Based on the fundamentals of Asian and Chinese markets, the trend of Asian steel market at the end of this year is forecasted.

European steel market continues to weaken. The benchmark steel price index of 98 steel houses in the region fell by 0.6% annually (the decline expanded), 2.1% annually (the decline expanded), 4.5% annually (the decline expanded), and 13.7% annually. According to the operation situation and the basic situation, the European steel market may continue to adjust its weak trend at the end of the year.

The steel market in the Americas has fallen steadily. The benchmark steel price index of 140.9 steel houses in the region fell by 0.5% annually, 0.6% annually and 29.7% year-on-year, with 28.7% annually. According to the operation situation and the basic situation, it is expected that the American steel market will continue to adjust its trend strongly at the end of the year.