Asian steel market: a small decline. The benchmark benchmark price index of 126.6 points in the region fell by 1.1% on a week-on-week basis (expansion decreased), down 1.5% month-on-month (from up to down), up by 4% year-on-year (swelling up), up 16.5% year-on-year.

For flat products: market prices have fallen significantly. In Japan, the hot coil price in the Tokyo market was $720/ton, and the cold coil price was $782/ton, down by $10 and $8/ton from the previous period. Plates are 729 US dollars / ton, down 15 US dollars / ton. In mid-October, the export price of hot rolled coils was US$620/tonne (FOB Japan) and cold rolled coils were US$720/tonne (FOB Japan), which were down by US$10 and US$15 respectively from the previous period. The galvanized sheet coil is USD 810/ton (FOB Japan), which is the same as the previous period. Plate 670 US dollars / ton (FOB Japan), down 10 US dollars. In addition, the Ministry of Economy, Trade and Industry of Japan expects that the fourth quarter of Japan's crude steel output will benefit from the strong demand of the domestic automotive industry, industrial and construction machinery industry, and is expected to achieve year-on-year growth. Japan’s Ministry of Economy, Trade and Industry predicts that Japan’s crude steel output will rise to 26.45 million tons in the fourth quarter, up 0.2% year-on-year, while third-quarter production fell slightly. The province believes that about 40% of Japan's steel production is exported. Although the Sino-US trade war is escalating and the United States imposes high tariffs on imported steel, Japan's steel exports in the third quarter are expected to rise by 0.5% year-on-year. Japan’s Ministry of Economy, Trade and Industry’s Minister of Metals Industry Noriyuki Kuroda said at a news conference that high US steel tariffs would not have much impact on Japanese exports. The decline in Japanese exports is due to strong domestic demand in Japan, rather than high US tariffs. Noriyuki Kuroda also said. He also said that the Asian market still maintains healthy steel demand and has not been affected by the Sino-US trade war. At the beginning of October, the average export price of SS400 3-12mm hot rolled coil was 570 US dollars / ton (FOB), down 10 US dollars / ton from the end of last month. The average export price of SPCC 1.0mm cold-rolled coils was US$620/ton, unchanged from the previous. DX51D+Z 1.0mm galvanized coil exports were $645/tonne (FOB), down $5/ton from the pre-holiday. As of October 12, the import price of hot coils in Southeast Asia was US$570/tonne (CFR), down by US$5/ton from the end of last month.

For long products: market prices have fallen steadily. In Japan, rebars in Tokyo and Osaka were $606/tonne, down $5/ton from the previous year. Small section steel is 755 US dollars / ton, down 6 US dollars / ton. At the beginning of October, the average export price of China's HRB400 20mm rebar was 575 US dollars / ton (FOB), which was roughly the same as that at the end of last month.

In terms of trade relations. Indonesia has decided not to take anti-dumping actions against color-coated galvanized coils imported from China and Vietnam. Kadi officials said government officials made the decision based on “national interest”. She said that the decision was notified to the exporters and embassies and other related parties last month, but declined to give details.

Short test: Based on the fundamentals of the Asian and Chinese markets, the Asian steel market in the second half of October is expected to continue to weaken.