Domestic demand and external demand jointly warm up China's steel export sentiment

According to Mysteel, some downstream steel enterprises in China have not fully resumed work, but the steel price is bullish and the leading steel mills have strong willingness to raise prices. Most Southeast Asian and Chinese steel mills basically sold out their export resources in March, and some steel mills quoted higher prices for plate resources in April. At present, the export price of mainstream common coil is 640-650 USD/ton FOB, and the price of cold coil is more than 700 USD/ton FOB. There are no large orders yet.

According to the survey of Mysteel, the rise of international steel price in this round comes from the strong recovery of China's economy. According to official statistics, during the Spring Festival in 2023, the sales revenue of the national consumer industry increased by more than 10% over the same period last year. On the other hand, the abnormal high temperature in winter in Europe alleviated the energy problem to some extent. France, the Netherlands and Poland set a new record for the warmest weather in January. The decline in energy prices has enabled European residents to have more money for other consumption, and has indirectly driven the demand for steel in Europe. At present, the price of mainstream rolls in Europe is 770 euros/ton (US $838), up about 90 euros/ton from the same period last month. In the short term, overseas steel prices may continue to rise.

Contact us

If you have any question, please feel free to contact me by the email or telephone!

Our company is a manufacturer specializing in the research and development, production, sales and service of Seamless Steel Pipe, Welded Steel Pipe, Galvanized Steel Pipe, Steel Plate & Coil, Galvanized Steel Coil and Ppgi Coil. There is inventory support to meet the requirements of timely delivery.

Steel Plate

Steel Pipe