Part of China’s downstream steel enterprises have not completely resumed work, but steel prices bullish sentiment, leading steel mills are strongly willing to raise prices. The export resources of most Southeast Asian and Chinese steel mills in March are basically sold out, and the price of some steel mills in April is relatively high. At present, the mainstream export price of general coil is $640-650 / ton FOB, and the price of cold coil is above $700 / ton FOB. No large order has been concluded yet.

 This round of international steel price rise, on the one hand from China’s strong economic recovery. According to official statistics, during the Spring Festival in 2023, the sales revenue of China’s consumer industry increased by more than 10% compared with the same period last year. On the other hand, unseasonably warm winter temperatures in Europe helped ease energy problems, with countries such as France, the Netherlands and Poland setting new records for the warmest January. Falling energy prices are giving Europeans more money to spend on other things, and indirectly boosting demand for steel in Europe. The price of popular European rolls is currently 770 euros ($838) a ton, up about 90 euros a ton from the same time last month. In the short term, overseas steel prices or will continue to rise.