Steel price gap between China and foreign countries continues to expand

China's steel prices have recently fluctuated at a high level, while global steel prices continue to rise. Take the United States as an example, the hot rolled steel coil price is close to 10000 yuan per ton, 70% higher than that of China. In addition, steel prices in European countries also rose sharply. Will China's steel exports increase significantly with the rising price gap between China and foreign countries?

Driven by demand, overseas steel prices have continued to rise since March. European steel mills are in hot demand for orders. Orders are full in the third quarter. Some steel mills even arrange orders until December. Steel prices in some regions continue to rise. Hot rolled steel coil prices in some northern European countries have exceeded 850 euro / ton, close to 7000 yuan. The price of hot rolled steel in the Midwest of the United States has risen to 1460 US dollars per ton, about 9530 yuan per ton. In addition, steel prices in India, Japan and other places are also rising.

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