The peak season of International steel market is not prosperous

For the recent environment of the steel market, after Taisu Hejing steel works cut down the hot rolled steel products by US $51 per metric ton, Indian hot rolled steel products have also been killed all the way. Now, the low-cost hot rolled steel products in Russia is stirring up the situation. As a result, the steel market in October did not expect to be good. Originally, the steel market should have entered the "golden nine silver ten" since September, and the traditional peak season of the steel market in the fourth season is now "not prosperous".

Recently, steel prices have been falling one after another, many steel mills are facing the edge of operating losses, and the international steel raw material prices are still high, so the steel prices have reached the bottom. At present, steel mills in China, Japan and South Korea have all joined in supporting the market, expecting steel prices to stop falling and pick up as soon as possible from November to December after reaching the bottom.