Recently, the domestic and international steel markets have shown different dynamics. The quotation for hot coils in India continues to remain low. Despite the end of the rainy season in India, the demand for hot coils in the market has not rebounded due to the impact of imported resources from China, and prices are still under pressure. The European rebar market remains stable, and buyers are waiting for further clarification on the future trend of scrap steel prices.

Recently, with the arrival of the peak season in the steel market, steel prices have changed their previous slump and shown a significant upward trend. Since late September, steel prices have risen by 15.36%. This change is mainly due to policy intensification, demand recovery, and cost support.

With the increasing global awareness of environmental protection, green transformation has become a new trend that cannot be ignored in the steel industry. Recently, several steel companies have announced increased investment in green technology and sustainable development in order to gain a favorable position in the future market.