The main reason for this round of global steel price boom is the market hype of raw material side ac

The main reason for this round of global steel price boom is market hype of raw material side accidents. At the beginning of the Brazilian Valley accident, iron ore prices reacted sharply, and scrap prices followed.

At the same time, the unexpected mine disaster in Inner Mongolia has made coking coal supply more difficult. In the case of a substantial increase in raw materials, the prices of finished steel products in low steel price areas have risen substantially, while the rest of the region has followed suit.

Although PMI is running weakly in the world at present, the replenishment and orders of steel mills in various regions are in good condition, the market sentiment is generally optimistic, and the dual stimulation of raw material end and news surface plays a decisive role in steel price support. It is expected that the international steel prices will continue to be dominated by high volatility in the near future.