The International steel market is basically stable in May

In April, the global steel market continued to operate differently. European steel market continued to oscillate this month, but overall, with the rise in temperature and buyer's return to the market as well as the EU's temporary trade protection policy, the European steel market maintained a stable operation pattern. North American steel market continued to show mixed growth and decline this month, but showed signs of fatigue, the previous price increase of steel mills has not been accepted by the market, the steel market is expected to need further adjustment. In the Asian steel market, China's domestic steel market continued to rise, production restrictions and strong steel demand continued to rise, and India's steel demand growth remained strong.

Looking forward to May, we believe that the performance of the regional steel markets will vary, and the overall performance will be stable. In the North American steel market, steel trade protection policy has limited boosting effect on the steel market, so it is expected that the North American steel market may shake up in May. In the European steel market, trade will become more active as the temperature rises and the buyer's steel market returns to the market. It is expected that the European steel market will remain stable in May. In the Asian steel market, the de-productivity of China's domestic market is a favorable support for the steel market. In addition, with the active construction activities, the market demand is expected to be further enlarged, so the Chinese steel market is expected to continue to rise. In summary, we believe that the International steel market will differentiate and operate smoothly in May.