Despite the threat of trade defense in Europe and the United States, Arcelor Mittal, the world's largest steelworks, recently predicted that global steel demand will grow by 2.0 to 3.0% this year, an increase of 0, 5% compared to January. China's "Blue Sky Defense War" environmental inspections are tightened, steel exports are reduced by more than 15% annually, Korean steel plants are expected to overhaul the fourth-quarter production line, Japanese steel sales are kept low due to stable domestic demand and steel supply and demand in Asia are still tight. The international steel price will not look back. steelfrom
On the 24th, the fourth quarter of domestic sales of steel products pricing factory meeting,In the fourth quarter, an average of 1.4% of the price of some steel products was announced.
The prices of hot-rolled steel in the US have risen slightly and the price is still US $ 987 / ton. Although Europe has affected demand as a result of defensive measures and summer holidays, the price has stabilized at US $ 643-666 / metric tons and Japanese and Korean steel plants have 630-650 US $ / Metric tons. China's fixed asset investment growth is maintained, demand for real estate is strong, Baosteel, Angang, July-September price to flat high plate response, hot rolling, to 15 ~ 22 US dollars / metric tons, looking forward to the second half of the infrastructure of the infrastructure project plus, winter The production limit is strictly enforced and the steel stocks remain at a low level. It is expected that the steel market will still have upward space in the fourth quarter and international steel prices will rise.
Taiwan's economic growth was higher than expected in the second quarter: the export of base metals has increased for 24 consecutive months and since the third quarter several infrastructure projects and new construction projects have been released after each other. In addition, some industries such as propellers and electromechanical industries have increased their unit price and the outlook for domestic demand is stable. Recently the Taiwan dollar has dropped by nearly 3% compared to the previous quarter of Sinosteel, which is favorable for the sector.
Given the current downstream industry's exposure to European defense tariff surveys, US 232 clauses and other trade defense measures, plus Turkey / India and other sources due to their currency value or competitive bidding, in order to maintain the competitiveness of downstream industries, comprehensive evaluation of different steel products After the difference between demand and supply structure and industrial characteristics, Sinosteel decided to sell the basic price of various types of steel products in the fourth quarter. In addition to cold-rolled and electro-galvanized steel rolls, the flat steel plate and the electromagnetic steel rolls were adjusted downwards and the other steel products were moderately adjusted. The average base price per ton rose slightly by 326 yuan, or 1.4%. (Lin Qiaoyan / Taipei report)
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