Market Overview

China May Steel Output To Increase


China steel futures surged on Monday.

Steel demand from China's downstream sectors has turned "very strong," according to steel and iron ore data scientist Darren Toh of Singapore-based data analytics company Tivlon Technologies.

"Tivlon Technologies is also getting bullish on steel margins over the next 10 weeks," Toh told Reuters.

So far, Vietnam has been a beneficiary of the trade war and Vietnam's largest steelmaker, Formosa Ha Tinh Steel, or FHS is also thinking about putting plans for a third blast furnace on hold, reports Nikkei Asian Review.

According to FHS, the trade dispute could push more inexpensive Chinese-made steel products into Vietnam, Southeast Asia's biggest steel consumer, and cause prices to tumble.

Related Links:

Steel Dynamics Warns For Q2 Steel Shipments

Goldman Sachs Downgrades US Steel To Sell

Posted-In: China SteelNews Commodities Global Markets Media


Related Articles

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Mid-Day Market Update: PCM Jumps Following Acquisition News; 360 Finance Shares Slide

Freight Market Moneyball