The International Steel Market is Still Oversupplied
According to the latest statistics from the world steel association, the world's crude steel production increased 10 percent in March. Crude steel production in 67 major steel producing countries has reached 145m tonnes, a tenth consecutive month of year-on-year growth. Crude steel production has been rising, driving up the price of iron ore. This gives a false impression that the international steel market appears to have fully emerged from the depths of the international financial crisis and appears to be "producing and selling is prosperity both". As welded steel pipe, scaffolding plank , carbon steel pipe, galvanized pipe, stainless steel pipe and other products production services vendors, Shinestar Holding Group believes that the current global steel market supply and demand does not change radically, didn't reverse oversupply situation. Firstly, the global economy remains weak and growing less optimistic. Authorities, according to the assessment of the cur
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