This week, the pressure on supply and demand in China’s domestic steel market has increased, and demand continued to be weak,
Under the pressure of inflation, strikes broke out among port workers in Britain, Spain, Germany, Belgium and other European countries, which exacerbated the difficulties faced by logistics.
At the same time of strikes in Europe, the backlog of undelivered goods in Rotterdam port is becoming more and more serious. This has forced shipping companies to give priority to shipping full containers, leading to a large number of empty containers, which are vital for Asian exporters, being trapped in this export hub. Under the double blow, the shipping date and delivery time may be further delayed.
The current situation of China’s domestic steel market this week: Due to the increasing downward pressure on the domestic economy and
This week, China’s domestic high temperature, and affected by the off-season of the steel market, the demand for steel has shrunk,
This week, the output of China’s five major types of steel was 8.9713 million tons, an increase of 140,300 tons from
The fundamentals of supply and demand in China’s steel market further improved this week. The sharp reduction in production by steel