At the beginning of May, the international steel market showed a comprehensive correction trend. As of May 11, the global steel benchmark price index at 124.6 points fell 1.1% on a week-on-week basis (from up to down) and up 0.6% month on month (MOM) (from up to flat). Among them: the flat wood index 116.4 points, a week on month decline of 1.7% (from up to down), a month on month decrease of 0.2% (from up to down); 135.5 points of the long wood index, a week on month decrease of 0.8% (from up to down), a month on month increase of 2.1% (from decline to rise); the Asian index of 130.3%, down 0.7% (from up to down) and up 2.3% (from decline to rise). In Asia, China's index fell 0.6% (from up to down) on a weekly basis, and rose 2.7% (from down to up) on a monthly basis; the American index fell 2.2% (from up to down) on a weekly basis, and rose 2.4% (from up to down) on a monthly basis at 139.8 points; the European index fell 1.8% (from down to down) on a weekly basis at 106.7 points, and fell 4.2 (from down to down) on a monthly basis. Although there are some signs of easing in the trade war initiated by the United States, the steel market, including the United States, has also shown a trend of temporary over correction. Therefore, combined with the basic situation forecast, the international steel market in the second half of may may may continue to shake the adjustment trend.

The tariff imposed by the United States did not affect the export of China's steel and aluminum products. According to the data released by the General Administration of customs, China's steel and aluminum exports increased significantly in April this year. Among them, the export of aluminum products was 451000 tons, with a year-on-year increase of 4.9% and a month on month growth of 0.2%; the export of steel products was 6.48 million tons, which was the same as that of the same period last year, with a month on month increase of 14.7%, which was the highest level since August last year. This shows that the US tariff has not affected the export of China's steel and aluminum products.

Asian steel market: horizontal finishing. The steel benchmark price index of 130.3 points in the region fell by 0.7% on a week-on-week basis (from up to down), up 2.3% month on month (month on month), up 23.4% year-on-year.

Flat material: market prices are up and down. In Japan, in Tokyo market, hot coil is 704 USD / T and cold coil is 786 USD / T, which is 3-8 USD / t lower than before. Plate 759 / T, the same as before. At the beginning of May, Japan exported 620 US dollars per ton of hot coils and 786 dollars per ton of cold coils and 650 US dollars per ton of medium and heavy plates, which were the same as before. In Vietnam, due to the increase of Chinese steel quotation, Vietnamese local steel traders also increased the import price of hot rolled coil for rolling. At present, the reference price of hot coil is $600-625 per ton (CFR), which is 10-20 US dollars / ton higher than that at the beginning of the month. Some Vietnamese traders said that due to the rising domestic steel prices in China, the prices of major steel mills in China have also increased. If you buy at the price of the last month, you can hardly buy steel products. CFR Vietnam quoted 620-625 US dollars / ton for back-to-back transactions of Chinese made hot-rolled coil, and part of the resources came from China's first-line steel mills. There are also some Russian hot-rolled coil resources on the market, CFR Vietnam quoted at US $610 / T. The FOB quotation of hot rolled coil made in Taiwan is 630 US dollars / ton, while that of India is 645 US dollars / ton. According to market sources, the price of hot rolled coil made in China is still the most competitive. There are signs that Chinese traders are raising the price of hot rolled coil goods in China to US $610 / T, up from US $595-600 / T in CFR Vietnam. In the middle of the month, the average export price of SS400 3-12mm hot rolled coil in China was 610 US dollars / ton (FOB), up 5 US dollars / ton compared with the beginning of the month. The average export price of SPCC 1.0 mm cold rolled coil was 640 USD / T, which was the same as before. The export of dx51d + Z 1.0mm galvanized coil was 715 US dollars / ton (FOB), up 20 US dollars / ton. As of May 10, 2018, the import price of hot coil in Southeast Asia was $610 / ton (CFR), slightly higher than before.

Long materials: market prices rise and fall. In Japan, the average price of screw steel in Tokyo market is 631 US dollars / ton, and that of small section steel is 7740 US dollars / ton, down 10-18 US dollars / ton respectively compared with the previous period. Since the beginning of May, China's wire rod prices to Southeast Asia have continued to rise. At present, the quotation of 6.5mm wire rod for network in China has increased by 5-10 US dollars / ton compared with the beginning of the month. At present, the mainstream quotations are 585-595 USD / T CFR Manila and 585-590 USD / T CFR Ho Chi Minh City port. Last week, the prices were 580-585 USD / T CFR Manila and 580 USD / T CFR Ho Chi Minh City respectively. The average export price of HRB400 20mm deformed steel in China is 565 US dollars / ton (FOB), up 5 US dollars / ton from May 4.

Simple measurement: Based on the basic situation of Asian market, it is predicted that the Asian steel market in May will continue to rise and fall.

European steel market: continue to reduce. The region's 106.7 steel benchmark price index fell 1.8% on a week-on-week basis (with a larger decline) and a 4.2-month-on-month (month on month) decline of 25.7% year-on-year.

Flat products: market prices continue to fall. In the EU, market prices continue to fall. At present, the ex factory price of hot-rolled coil is 680 US dollars / ton, and that of cold-rolled coil is 770 dollars / ton, which is 15-30 dollars / ton lower than that at the end of last month. In terms of import, the import price of EU hot rolled coil was 635 US dollars / ton (CFR), down 25 US dollars / ton compared with the end of last month. The import price of cold rolled coil was 730 US dollars / ton (CFR), down 40 US dollars / ton compared with the previous period. In Italy, prices are still under downward pressure. The average price of hot rolled coil in April was 540 euro / ton (642 US dollars / ton), but now it has dropped to 520 euro / ton. Some market participants said that some transaction prices were even lower than that price. A service center said that the steel traders offered a counter-offer of 500 euro / ton for the hot-rolled coil, but the steel mill did not accept it. However, the steel mill is willing to offer a discount based on the official offer of 530 euro / ton. At the same time, the price of hot-dip galvanizing is also falling, with the average ex factory price of 640 euro / ton in April, now falling to 600-610 euro / ton. It is reported that some transaction prices are even lower. According to news, kallanish's cold rolled coil price