This week, the pressure on supply and demand in China’s domestic steel market has increased, and demand continued to be weak,
Recently, food and energy prices have continued to soar due to inflation, but wages are far from keeping up. From Korean truck drivers, German port workers, British railway workers, Belgian trade union workers, Canadian railway workers, Spanish truck drivers, to thousands of pilots in the American aviation industry and employees of European airlines, waves of protests and strikes have been launched.
Strikes in these major economies have had a negative impact on global production and supply chains. On the one hand, there are full stockyards and docks, and on the other hand, there are dock, railway and transportation workers protesting the strike for wages. Under the double blow, the shipping schedule 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