the steel Market in 2020, really began the growth, says the report of the Chinese Association of iron and steel (CISA< / span>), published on its official website.
the Index of steel prices in China increased by 113% from the previous week, moving from decline to growth, an index of North and South America amounted to 109.7 points from the previous week remained at the same high level, the index was 88.3 points from the previous week, moving from growth to stabilization.
Dynamics of the index of steel prices shows that, despite the negative agglomeration of tensions in the Persian Gulf, the intensification of the conflict between the United States and Iran, the adjustment of the Chinese steel market and the downward adjustment of economic growth, the upward trend in the international steel market is still "striking".
As noted in CISA, it could mean that in 2020 the global fundamentals of supply and demand for steel may exceed analysts ' expectations, and we can expect a "good spring market."
the Association said that Brazilian and Indonesian markets were the most optimistic. In addition, India is expected to record investments in the amount of 70 billion US dollars in the development of the steel industry. In the market of Asia and Europe has seen a steady increase in demand, and in North America – a strong trend on a price increase.
