The international steel market in August may continue to fluctuate and rise

The global steel market rose in July. During the reporting period, the global steel benchmark price index increased by 0.6% on a week-on-week basis (with convergence of growth), 0.6% month on month (from decline to rise), 11.3% month on month (decline convergence) and 12.4% year-on-year (year-on-year increase). Among them: flat steel index 89.7 points, week on week up 0.5% (increase convergence); long material index 109.9 points, week on week up 0.7% (convergence); Asia Index 109.3 points, week on week up 0.4% (convergence). In Asia, China's index rose 0.5% on a week-on-week basis at 112 points (the rise converged); the American index fell by 0.8% on a week-on-week basis at 92.9 points for the Americas; and 1.9% for the European index, which was 82.5 points.

It is worth noting that the iron and steel industry has become a generally optimistic industry at a time of crisis, especially the construction of infrastructure in the post epidemic period, which is regarded as the leading role of national economic recovery, thus bringing "bitter" benefits to the industry. According to the development trend of the international steel market, combined with the basic situation of the regional market, the international steel market in August may continue to fluctuate and rise, and rise and fall alternately.

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