International steel market is stable and positive in March

In February, the global steel market performed differently. Europe, after a two-month rally, has seen mixed gains and losses this month due to weak demand recovery.

In North America, the price of some flat steel products fell this month, but the price of long section products increased. The price increase of North American steel mills was not fully accepted by the market.

In the Asian market, due to the impact of the epidemic in China, the market price of steel materials continued to fall this month, and other Asian countries also fell to varying degrees.

Looking forward to March, we expect that the global steel market will continue to present a differentiation pattern, but the overall trend will be stable and good.