Overseas demand has become one of the important factors affecting the price of marine steel

Since strong overseas buying came in November last year, overseas demand has become one of the main factors that the market is paying attention to. Whether it is macro data or micro enterprise surveys, there are feedbacks that external demand is driving strong. As of mid-May, the US hot coil price is 1,550 US dollars/ton, the European hot coil price is 1,342 US dollars/ton (that is, the euro 1,342 yuan/ton), while the domestic price of China is less than 900 US dollars/ton.

Some voices believe that under the high premium of overseas steel, there is support for domestic marine steel prices. However, if calculated based on European and American steel prices, such a large internal and external price difference has not been able to shrink for a long time, which means that there are obstacles to the actual trade flow behind this price difference.

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