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Chinese steel market prices rise on overseas economic recovery

The overseas economic rapid recovery gave rise to the strong demand for steel, and the monetary policy to boost the steel market prices has risen sharply.

Some market participants indicated that the steel prices have gradually risen due to the overseas steel market’s strong demand in the first quarter; therefore, export orders and export volume have increased significantly attributed to the domestic enterprises’ willingness to export.

Steel prices rose sharply in both Europe and the US, while the rise was relatively low in Asia.

The European and American steel markets continued to rise since the second half of last year. If there is any change in the economy, markets in other regions will be affected.

Post time: Apr-27-2021