The United States may become an important inflow of global steel

Since 2021, steel prices in the United States have continued to record high, significantly higher than those in Japan, the Commonwealth of Independent States, China and other economies. Driven by economic recovery, demand rebounded; the U.S. steel market is in the stage of passive destocking, and steel production has steadily picked up, but it is still lower than the level before the epidemic.

There is a huge price gap. If the United States launches a $3 trillion infrastructure investment and construction plan, the supply and demand of steel in the United States will be further strained. Driven by the price gap, more steel will flow to the United States throughout the year. As the world's largest net importer of steel, with high prices and rising demand, the United States may become an important inflow of steel in 2021.