The collapse of Silicon Valley Bank in the US affects market confidence in international finance, and the increase in steel prices was curbed by falling international iron ore prices. However, market participants said that China Steel Corporation (CSC)’s new prices for April are still lower than the international market prices. Therefore, it was expected that CSC will continue to raise its prices in the future.

The current weakening dollars may slow US rate hikes, China is striving for economic improvement after lifting the epidemic blockage, and the US is positively promoting infrastructure, all of which are hopeful to boost steel prices and keep prices on an upward trend.