International steel market may run smoothly in December

In November, the global steel market recovered. In Europe, after a long-term decline, under the background that the demand for steel has not improved significantly, the steel price in Europe has approached the cost line, supported by the rising prices of raw materials such as scrap steel, which has resulted in a stop decline and recovery.

In North America, the price increase of steel mills has played a positive role in the market. In November, steel prices in the United States as a whole rebounded.

Asian market, the Chinese market rose rapidly this month, driving the Asian market up.

Looking forward to December, we expect the global steel market to run smoothly.