American steel market: continued to be strong. The benchmark steel price index of 143.3 in the region fell by 0.2% on a week-on-week basis (from up to down), and rose by 3.8% month-on-month (the increase was converging), up 26.1% year-on-year.

Flat material: The market price has risen steadily. In the United States, the ex-factory price of hot-rolled coils of mainstream steel mills is $1010/ton, which is $10/ton higher than before. The cold rolled coil is priced at $1,120/ton ex-works, which is the same as before. The standard slab ex-factory price is $1,060/ton, up $10/ton. In mid-July, the US import price of hot rolled coil was US$937/ton (CIF imported from the US, including handling fee), which was US$16/ton higher than before. The import price of cold rolled coil is US$1075/ton (CIF imported from the United States, including handling fee), which is US$77/ton. Galvanized coils are $1312/ton and thick plates are $981/ton (US imports of CIF, including handling fees), which is the same as before. According to industry insiders, the price of hot rolled coil in the Midwest of the United States has remained at more than $1,000/ton for a long time. Since October 17, 2008, the price of US steel, represented by hot rolled coil, has once again exceeded $1,000. Tons, it makes sense. Some insiders believe that the reason for the skyrocketing US steel prices this time is: first, the United States imposes a 25% high tariff on imported steel products; secondly, speculative activities fuel the US steel prices; and finally, the demand for the US steel market is strong in 2018. In Brazil, slab export prices fell slightly. The export slab FOB reference price dropped from $580-595/ton last month to $570-585/ton. According to market analysts, the price decline is due to the fact that foreign buyers continue to lower prices for more favorable prices. On the other hand, Brazilian steel mills have given lower offers in order to win orders from the United States.

In terms of long products: market prices have risen steadily. In the United States, the price of rebar imported in major regions in mid-July was $753/tonne (CIF includes handling fee), up $3/ton from the previous period. Net wire 827 US dollars / ton (CIF), up 149 US dollars / ton. Small section steel 728 yuan / ton (CIF), roughly the same as before.

In terms of trade relations: (1) On June 26, the US Department of Commerce announced a countervailing preliminary ruling on cast iron sewer pipes imported from China: the subsidy rate of Yuncheng Jixian Development Zone Hengtong Foundry Co., Ltd. was 13.11%, Dalian Jinwei The subsidy rate of the Pipe Industry Co., Ltd. is 111.20%, and the subsidy rate of other Chinese producers and exporters is 13.11%; (2) On July 3, the General Administration of International Trade Practices of the Mexican Ministry of Economic Affairs issued a resolution in the official daily report, the decision was over. The anti-dumping investigation on the hexagonal plated steel wire mesh originating in China maintains an anti-dumping duty of 0.45 USD/kg on the products involved. It will be valid for 5 years from July 25, 2017.

Brief Intro: According to the operating situation combined with the fundamental situation, the recent US steel market may continue to strengthen.