The global steel market continues to adjust the weak trend
Oct. 16, 2018
The international steel market in early October continued to be weak.
In the middle of the month, the global steel benchmark price index of 123.3 points fell by 0.9% on a week-on-week basis (expected decline), down 1.14% month-on-month (from ups and downs), up 6% month-on-month and up 18.8% year-on-year.
Among them: flat steel index of 114.6 points, down 0.9% on a week-on-week (expanded increase); long product index 133.1 points, down 1.3% on a week-on-week basis (from ups and downs); Asia index 126.6 points, down 1.1% on a week-on-week basis fall).
The China index in Asia was 130.3 points, down 1% on a week-on-week basis (from ups and downs); the Americas index was 142.6 points, which was flat on a week-on-week basis;
European index was 104.8% points, down 1.4% on a week-on-week basis.
According to the operational situation and the fundamental situation, the international steel market in the second half of October may continue to adjust the weak trend.