The Empirical Study on Dynamic Relationship Between Domestic and Global Steel Price

With an open view to research steel market, especially to study steel price which take as the steel market indicator, the paper tries to objectively reflect the impact of China\´s steel on global market by making the empirical analysis on the interaction and volatilities between International and China\´s steel market. The results indicated that China\´s steel price have one-side guide role on the global steel price, that is to say, Up and down of China\´s steel price will foreboding the global steel price. This shows that China\´s steel has "the right to speak" on the global market, Meanwhile, there are some questions on long-term sustainability open and development of our steel industry. It should followed development principles, which are sustained and stable development, promoting industrial restructuring and taking into account all interests.