Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

Downward adjustment expected to continue in global steel market: report

February 11, 2019


Abstract : Global steel prices may continue with ongoing downward adjustments until the end of March, according to a research report of the China Iron and Steel Association.

BEIJING, Feb. 8 (Xinhua) -- Global steel prices may continue with ongoing downward adjustments until the end of March, according to a research report of the China Iron and Steel Association.

Analysts with the association said the cyclical adjustment in the global market was inevitable as many international organizations including the World Bank have revised down the growth projections for the global economy.

"The world economy, as well as the steel market, have already entered a cyclical adjustment process," said the report.

In January, the benchmark price indexes of different types of steel products have all registered declines from the previous month in the global market.

In the near future, the Asian market is expected to keep up with the adjustment momentum steadily, with the European and American steel markets likely to continue with weak performance or slides.

Scan the QR code and push it to your mobile phone

Keyword: China-manufacturing China-steel-industry

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial