• Improper welding of X80 pipeline may cause cracks
• Brief introduction of API X52 pipeline steel
• The difference between PSL1 and PSL2
• Harm of inclusions in X70 pipeline steel
• API 5L pipeline pipe
• X52 steel plate surface quality standards that need to be met
• The basic production process of API 5L X60 pipeline steel
• The key to Q460D steel welding process
• What does the heat treatment of Q690 Steel include?
• Reasons for choosing Q690D steel

Weak operation of International steel market in November

Looking forward to November, we believe that the steel market as a whole is weak. In Europe, the long-term economic downturn and the prospect of recovery are not optimistic. Therefore, the recovery of steel demand is relatively slow. Although the European Union follows the example of the United States in implementing steel trade protection measures, under the situation of global steel resources surplus and the United States boycotting the import resources, the situation of European steel resources oversupply is difficult to be effectively improved. Therefore, the European steel market is unlikely to improve in November.

In North America, after a period of decline in the U.S. market, steel mills have begun to raise prices to boost the market. In the global steel market downturn, steel mills may be able to prevent prices from continuing to fall, but the extent to which price increases are accepted by the market remains to be seen, so it is expected that the U.S. steel market will be mainly weak and stable in November.

The Asian market, which is expected to remain weak in November, is likely to further increase the imbalance between supply and demand due to the low demand season.

To sum up, we believe that the International steel market as a whole was weak in November.