Weak operation of International steel market in November

In October, the global steel market fell. In Europe, despite the implementation of the quota system for iron and steel trade in the EU, it can not effectively reduce the pressure. Low price import resources still affect the European market, and the market continues to explore the bottom.

North America, a strong U.S. market, saw a significant decline this month. Steel mills began to raise prices at the end of the month to boost the market. Whether it can be accepted by the market remains to be further observed.

Asian steel markets also fell, with China's domestic composite price in October at 610 usd, down 12 usd from last month and 1.8% month on month.

Looking forward to November, we expect the global steel market to be dominated by weak operation.