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Steel Prices Updated Weekly

Steel Prices Updated Weekly

2024-05-16

Last week, the global steel market still showed the trend of rising east and falling west, long weak board strong. Driven by China’s steel, the Asian market continues to increase. As prices have been rising for three weeks, the volume of international trade has been rising slowly. The various types of steel resources in Europe have declined to varying degrees, and the quotation of imported resources is very competitive. Still, the shipping schedule is more extended, and the delivery is about April-May, which has boosted the attractiveness of local resources to a certain extent.