Affected by the epidemic situation last year, the steel industry of overseas countries suffered heavy losses to varying degrees. During the epidemic period in 2020, the world's crude steel output was about 25 million tons except China. Although some of the gaps will be filled after the world's resumption of work and production, the actual demand gap is still large, leading to the continuous rise of global steel prices since November last year.
Judging from the current trend and overseas demand, there is still a demand gap in the automobile and home appliance industries. With the synchronous rise of steel raw materials, overseas steel prices may continue to rise.
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