Although the international steel market in early November continued to adjust, it has already converged. As of the reporting period, the global steel benchmark price index of 121.3 points fell by 1.1% month-on-month (the decline was converging), with a year-on-year increase of 5.1% (increase in convergence) and a year-on-year increase of 17.5%. Among them: the flat material index was 111.1 points, down 2% month-on-month (same as before); the long product index was 133.6 points, down 0.1% month-on-month (the decline was converging); the Asian index was 124.8 points, down 0.8% month-on-month (decline convergence). The China index in Asia was 128.3 points, down 0.9% month-on-month (the decline was convergent); the Americas index was 142.3 points, which was flat on a month-on-month basis (from flat to flat); the European index was 101.3 points, down 2.5% on a month-on-month basis (the decline was widening). According to the forecast of the running situation and the fundamental situation, the international steel market in the second half of November may gradually stabilize.

Asian steel market: continue to cut. The benchmark price index of steel in the region of 124.8 points decreased by 0.9% on a week-on-week basis (down from flat), and fell by 0.8% month-on-month (the decline was convergent), and the month-on-month was flat (from rising to flat), up 14.9% year-on-year.

European steel market: continue to be weak. The benchmark steel price index of 101.3 in the region fell by 0.2% on a week-on-week basis (the decline was convergent), with a month-on-month decline of 2.5% (expanded increase), and a month-on-month increase of 0.1% (same as before), up 15.8% year-on-year.

American steel market: generally stable. The 142.3 steel benchmark price index in the region rose by 0.1% on a week-on-week basis (from flat to flat), and the month-on-month ratio was flat (from flat to flat), up 30.9% month-on-month (from flat to higher), up 28.5% year-on-year.