Earthquake affects steel exports, domestic steel prices are expected to stop falling for a short time

According to Xinhua News Agency, due to the strong earthquake in Japan, some merchants have improved their expectations for steel exports in the later period. Coupled with the continuous rise in steel forward prices, the spot steel market offers have risen.

The domestic cold-rolled coil market was slightly higher, and the transaction was slightly improved. Analysts say that the recent strong earthquake in Japan may have a certain impact on the production of Japanese steel mills such as Nippon Steel.

According to the data, in 2010, China imported more than 1.43 million tons of cold-rolled coils directly from Japan. After a strong earthquake, the imported Japanese steel has a certain gap, and downstream users may find alternative resources in China.

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