Recently, overseas steel prices continue to show an upward trend. In the United States, relevant departments previously stated that infrastructure construction projects such as roads and bridges that receive government subsidies must use construction materials produced in the United States. In recent weeks, the purchase orders of downstream steel enterprises have surged, and large leading steel mills Nucor Steel, Cleveland-Cliffs, etc. have raised the delivery prices of  Steel Coil. At present, the delivery orders in April are basically sold out, and the mainstream hot coil prices in the United States It rose to US$1,200/ton EXW, an increase of about US$200/ton week-on-week. From the perspective of the Black Sea, Turkey’s short-to-medium-term steel demand has increased significantly, and the local hot coil price has risen to US$820/ton, and Russia’s quotation for Turkey’s hot coil has also risen to US$780/ton CFR. In addition, because some local Turkish steel mills canceled orders due to force majeure, Turkish downstream steel companies also increased their purchases of Chinese resources, and both hot and cold coils and GI Galvanized Steel Coils had a certain volume of orders (4-5 monthly schedule).

At present, the mainstream hot coil export base price of steel mills in northern China is 660-670 US dollars / ton FOB, the delivery price of domestic SAE1006 Gi Coil of large steel mills in Vietnam is 680-690 US dollars / ton CIF from April to May, and the quotation of Japanese resources has risen to 710- USD 720/ton FOB. Recently, Indian hot coils are mainly exported to Europe, and the mainstream price is USD 780-800/ton CFR Southern Europe. On the whole, the price advantage of China’s resources is obvious in the near future, and the export sentiment of steel mills is relatively high.