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Global steel prices remains unstable due to US' tariffs policy-2019 China(Guangzhou)Int’l Metal & Metallurgy E
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8/31/2018 金属展-冶金展-钢铁展-steel expo-metal &metallurgy expo |
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According to report, global steel prices could not be stable because the market participants saw the uncertainties of future market.
Especially in 2018, the prices of flat and long products from the US and European were expected to be lower with lower market demand during the summer holidays. However, the price remained firm because the trade policy supported the steel prices on traditional seasonal price trend.
Since European Commission announced the temporary safeguard measures on steel imports, it tried to prevent the steel flooding of which redirected from the US after the imposition of steel tariffs from the US.
This month, the European steelmakers might target to increase the supply due to the lack of imports and supportive prices from the market conditions.
The US steelmakers also would like to keep the price level although the demand was slow during the summer period. The trade protections favored the US steelmakers, especially the imports decline from neighbor countries like Canada and Mexico.
The price gains have been realized in January to June of 2018 for the US'' and European steelmakers even on the slow summer time.
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