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Markets in Asia

机译：亚洲市场

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Third quarter prospects for steelmakers in east Asia were beginning to look worryingly uncertain at the end of May, but during early June mills have found order books filling up fast. Looking ahead they have begun to worry that they will have difficulty meeting even regular customers' needs during September. This is partly due to better than expected consumption, but the speed and scale of the reversal is due to developments in the market in China. Steel output in China is still rising fast; in the first four months of the year crude steel production was 18 percent higher year-on-year at over 126m tonnes, and finished output 24.2 percent higher at over 140m tonnes. The country is still increasing its steel exports - these were 26.3 percent higher during the first four months. However, these exports have helped to lower internal stocks, which were previously depressing domestic prices. Internal demand is keeping pace with current output, so prices are continuing to recover and Chinese exports are no longer undercutting prices in neighbouring markets; in some cases exports out of China are relatively expensive.
机译：从五月底开始，东亚钢铁制造商的第三季度前景开始令人担忧，但在六月初，钢厂发现订单很快就被填满。展望未来，他们开始担心9月份甚至无法满足常规客户的需求。部分原因是消费量好于预期，但逆转的速度和规模是由于中国市场的发展。中国的钢铁产量仍在快速增长。今年前四个月，粗钢产量同比增长18％，达到1.26亿吨，成品产量增长24.2％，超过1.4亿吨。该国仍在增加其钢铁出口-前四个月增长了26.3％。但是，这些出口帮助降低了内部库存，而内部库存此前压低了国内价格。内部需求与当前产量保持同步，因此价格持续回升，中国出口不再降低邻近市场的价格;在某些情况下，从中国出口的产品相对昂贵。

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