In recent years, the steel prices of major low-price areas in the world have shown a significant upward trend. Specifically, before the Spring Festival, the quotation of hot rolled steel coil export in Turkey and its surrounding areas was slightly lower than that in China, and the advantage of hot rolled steel coil export accounted for a larger proportion; on the premise of extremely difficult export of long timber, the competitiveness of China's steel plate exports was also difficult, leading to poor performance of China's domestic exports at the end of 2018. However, after the Spring Festival of 2019, due to the sudden accident at the raw material end, along with the soaring price of iron ore, the scrap price in the Middle East has also risen by 30-40 US dollars/ton. The rising price of raw materials has pushed up the export price of finished steel products by a large margin, and the price competitiveness of China's steel exports is also rebounding. In January 2019, China's steel materials exports increased by more than 1.5 million tons compared with the same period last year. Stimulated by the good news, market sentiment was greatly boosted.
The sharp rise in low-price regions has also contributed to the general rise in steel products prices in the rest of the world.
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