Add: Economic Development Zone, Liaocheng City, Shandong Province
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Global steel market is now up the European stability and stability of the trend
Market prices continue to rise. In India, driven by increased demand, as well as the implementation of import protection policies, India's domestic hot coil market prices continue to rise, the ordinary hot volume ex-factory price has been raised Rs 1,000 / t to 2.75-2.85 million rupees / ton (about 411-426 US dollars / Ton). Some steel mills said that as the rainy season is coming to an end, domestic hot roll demand will continue to rise, buyers are also willing to accept the current price increases, to prevent further rise in the latter part of the price. Insiders expect the next few months, home appliances and auto industry demand will continue to strengthen, hot roll demand may be higher than in previous years. In addition, due to the Indian government announced on August 3 to extend the 66 kinds of steel products, the minimum import price program, on August 9 and announced the import of hot rolled levy provisional anti-dumping duties, but also objectively promote the domestic hot roll demand growth. In Iran, the flat material market is slightly better than the longs, the volume of hot rolled at 1560-1790 million yar / ton, and basically the same as in July. In August, cold rolled base prices from CIS were about Rs 1770-1780 / t, roughly in line with local prices. There is news that the industry is not optimistic about the late steel prices, that the next three to four months the market will not change, the downturn will continue, generally agreed. To resolve the pressure of domestic supply excess, steel exports is their only choice, and the possible devaluation of the currency will stimulate exports to further increase. In the UAE, despite the weak demand for flat material, the quotation from China's resources rose as a whole.