Steel prices continue to fall in the international market

In February, the CRU International Steel Composite Price Index was 168.9 points, down 1.7 points month-on-month, or 1.0%, down 1.1 percentage points from the previous month, and fell for the seventh consecutive month. It fell 15.6 points compared with the same period of last year, it is 8.5%.Long and plate prices continue to decline, and the plate thickness is higher than that of long products.

In February, the CRU long product index was 179.9 points, down 1.4 points from the previous month, a decrease of 0.8%, narrowing by 0.9 percentage points from the previous month; the CRU sheet index was 163.5 points, down 1.7 points from the previous month, a decrease of 1.0% compared with the previous month. It narrowed by 1.3 percentage points, 0.2 percentage points higher than the long product. Compared with the same period of last year, the CRU long product index fell by 13.1 points, a decrease of 6.8%; the CRU plate index fell by 16.9 points, a decrease of 9.4%.

(1) North American market

In February, the CRU North American steel price index was 184.1 points, down 9.0 points month on month, a decrease of 4.7%, an increase of 2.7 percentage points from the previous month. Compared with the same period of last year, the steel price index fell by 4.0 points, a decrease of 2.1%. In February, the US manufacturing PMI was 54.2%, down 2.4 percentage points from the previous month. At the end of February, the US crude steel capacity utilization rate was 81.9%, up 0.8 percentage points from the previous month. The price of long products in the Midwest of the United States remained stable this month, and the price of plate was downgraded. The prices of hot rolled coil, cold rolled coil and hot dip galvanized sheet continued to decline.

(2) European market

In February, the CRU European steel price index was 179.8 points, a decrease of 6.2 points from the previous month, a decrease of 3.3%, an increase of 2.3 percentage points from the previous month. In February, the manufacturing PMI of the Eurozone was 49.3%, down 1.2 percentage points from the previous month. The German manufacturing PMI was 47.6%, down 2.1 percentage points from the previous month; the Italian manufacturing PMI was 47.7%, down 0.1 percentage points from the previous month; the French manufacturing PMI was 51.5%, up 0.3 percentage points from the previous month; the Spanish manufacturing PMI was 49.9%. , the chain fell by 2.5 percentage points. The price of long products and cold rolled coils in the German market has turned from the rise to the other month, and the prices of other strips continue to decline.

(3) Asian market

In February, the CRU Asian steel price index was 154.0 points, up 5.3 points month on month, or 3.6%, and the chain rose from the previous month. In February, Japan's manufacturing PMI was 48.9%, down 1.4 percentage points from the previous month; Korea's manufacturing PMI was 47.2%, down 1.1 percentage points from the previous month; China's manufacturing PMI was 49.2%, down 0.3 percentage points from the previous month, including the new order index. More than 50%, the chain rose by 1.0 percentage points. Prices of steel, steel and plate in the Far East market remained stable this month, and prices of small, wire and hot rolled coils, cold rolled coils and hot dip galvanized sheets rose.

Being professional manufacturer and supplier for steel materials, Tianjin Xinyue Steel Group provides you with the best quality products and professional sales services. Welcome to contact our sales team.

Written by Grace