Since 2022, the global steel market has been fluctuating and differentiated as a whole. The North American market has accelerated downward, and the Asian market has risen. The export quotations of steel products in related countries have risen significantly, while the price increase in my country has been relatively low. The monitoring data of Shandong ruixiang Steel Group platform shows that in March 2022 On the 4th, China’s export quotation (FOB) was 850 US dollars / ton, which was 55, 140 and 50 US dollars / ton lower than the export quotations of India, Turkey and the Commonwealth of Independent States, respectively. China’s steel export quotations have a relative advantage.
The price advantage has reappeared, and the export order situation of my country’s iron and steel industry has strengthened. Data from the China Iron and Steel Logistics Professional Committee shows that in the first two months of 2022, the new export order index of the iron and steel industry has continued to rise, rising to 47.3% in February, still 47.3% in February in the contraction zone.
Russia-Ukraine conflict affects global steel supply and demand
The recent escalation of the situation in Russia and Ukraine will affect the global economic recovery and bring uncertainty to overseas steel supply and demand. Russia is one of the world’s major steel producers, with a crude steel output of 76 million tons in 2021, a year-on-year increase of 6.1%, accounting for 3.9% of global crude steel output. Russia is also a net exporter of steel, with annual exports accounting for about 40-50% of the total output and a larger share of the global steel trade.
Ukraine’s crude steel output in 2021 is 21.4 million tons, a year-on-year increase of 3.6%, ranking 14th in the global crude steel output ranking, and its steel exports also account for a large proportion. At present, export orders from Russia and Ukraine have been delayed or cancelled, and their major overseas buyers can only increase steel imports from other countries.
According to overseas media reports, the sanctions imposed by Western countries on Russia have further exacerbated the tension in the global supply chain, affecting the automobile manufacturing industry, and many automobile manufacturers around the world have temporarily suspended production as a result. If this situation continues, it will also have an impact on steel demand.
Therefore, Shandong Ruixiang Steel Group complied with this form and increased the production line of carbon steel pipe and carbon steel plate to ensure the rapid delivery of orders from friends from all over the world.
