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US’ construction industry may support steel prices before Q2 in 2020-2020 China(Guangzhou)Int’l Metal & Metall
urgy Exhibition-metal exhibition
12/28/2019 金属展-冶金展-钢铁展-steel expo-metal &metallurgy expo- |
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According to the market news from the US, the US’ steel price had been hit to the new low in the second half of this year, mainly caused by the uncertainty future of demand.
As the main steel demand in the US was from construction and automobile industries, with almost 75% of the total demand, it would be very important to see the future performance of these industries.
For the construction industry, most of the building plans had already decided this year and would be implemented in the next 6-9 months, so the steel demand showed stable.
However, on the other hand, the sales of the automobile in the next year were still uncertainty, because the market thought the current economic growth has still stayed at a low level.
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