the trend analysis of international steel market

The latest statistics of the world steel association show that global crude steel production appears 10 percent increases in March this year. The world’s 67 major steel production countries of crude steel output have reached 145 million tons and been consecutive 10 months year-on-year growth. Crude steel production is repeatedly up and pull the iron ore prices. This increase gives person false appearance. The international steel market seems to have got out of trough of the international financial crisis and appears production and marketing flourish together. Factually, the supply and demand of the current global steel market doesn’t change radically, the oversupply situation isn’t reverse.

The Trend Analysis of China's Steel Market


As ERW steel pipe, LSAW steel pipe, line pipe, octg pipes, carbon steel pipe tubing, galvanized pipe and stainless steel piping as well as other steel products production steel suppliers and manufacturers, Henan Anson Steel Co., Ltd believes that the current global steel market supply and demand doesn’t change radically without reversing oversupply situation.

First, global economy keeps weak and grows less optimistic. According to assessment, the current world economic outlook is improving, but there are still some downside risks. The global economic growth is still lower historical average. As a result, the global steel market is recovering from temporary recovery that is not sustainable.

Second, due to national policy constraints, the prospect of global steel demand is unpromising. The organization for economic cooperation and development evaluation says that trade restrictions, uncertainty about the economy, tax policy, interest rate changes and currency exchange rate fluctuations and other factors are the short-term risk of the international steel market. Concerning trade restrictions, the recent global trade protectionism, some economies set steel imports the lowest prices and quotas, distorted the normal steel trade. So the international steel trade growth is falling down increasingly.

Finally, the prices of the iron ore raw material are growing up gradually. Therefore, the global steel industry faces long-time challenges. For example, in the northern hemisphere, circular economy and green development and the digitization of the modern economy mean that the amount of steel applications are falling. In addition, the global glut of steel capacity has become more acute, and major countries try to defuse production capacity. Moreover, nearly 40 million tons of steel capacity is still being built and production is expected to start in three years. Now for many steelmakers, steel is being sold as cabbage price, a tough financial situation and difficult.

Although the world’s steel industry is recovering from a weak atmosphere on the supply and demand and threatened by overcapacity. Anson steel is still maintaining healthy and sustainable development of the steel industries to provide ERW steel pipe, LSAW steel pipe, line pipe, octg pipes, structural steel pipe, carbon steel pipe tubing, galvanized pipe and stainless steel piping.