International steel market may rise steadily in March

In February, the global economy recovered steadily, the demand for steel kept recovering, and the overall steel market rose steadily. In Europe, the steel price remains stable after a rapid rise. As the momentum of economic recovery is still strong and the monetary policy will remain loose, the steel market may rise again.

In the North American market, the economy recovers quickly and the market price continues to rise. The Federal Reserve has reiterated its easing policy and the fiscal stimulus plan is to be passed. The market is expected to continue to rise. Asian market, Chinese market rebounded obviously after the early adjustment, other regions were basically stable, South Korea and India issued relevant economic recovery plan, which was conducive to stimulating steel demand, and the cost still had support, so the steel market may rise again. Looking ahead, it is expected that the international steel market may maintain a stable upward trend in March.

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