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Steel >> Market >> Analysis & Commentary
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Improving car production and sales may lend support to steel prices
China's car industry was in the doldrums in February. China built 2.16 million vehicles in February, felling 8.8% from a month ago. Meanwhile, car sales witnessed a sharper decline of 23% to register 1.939 million units (see Graph-1 below).
China CRC market weekly comment: Prices plunge amid weak demand
During the week ending March 24, China's CRC prices moved down at a fast pace amid sluggish transactions and pessimistic sentiment. Since the Spring Festival, CRC price in eastern China has shed over 800 yuan/tonne and the downtrend is quite likely to carry on, due mainly to weak demand, less-than-expected destocking, and tight liquidity. Traders lowered their quotations.
Daily review:China CRC price down(2017/3/27)
[Mar 27] CRC price crippled,with quiet shipment. The average price of CRC 1.0mm posted 4216 yuan/tonne, down 102 yuan/tonne day-on-day. CRC market softened, with bearish sentiment. Quotations of transaction are chaotic. Stockpiles of CRC remain high, causing steel mills unwilling to replenish. Price is expected to remain weak next week.

Improving car production and sales may lend support to steel prices    Mar 29 2017
China CRC market weekly comment: Prices plunge amid weak demand    Mar 28 2017
Daily review:China CRC price down(2017/3/27)    Mar 27 2017
Mysteel weekly survey of CRC production for Mar 20-24, 2017    Mar 27 2017
Wang Yingsheng: Growth in China's steel market, a real U-turn or a transient rebound?    Mar 24 2017
Daily review:China CRC price down(2017/3/23)    Mar 23 2017
Steel mills hard to maintain greasy profits as steel prices should come back to cost line    Mar 23 2017
Mysteel: National crude steel daily output may edge down 0.42% in early-Mar    Mar 23 2017
Daily review:China CRC price down(2017/3/20)    Mar 20 2017
Mysteel analysis on China auto-used steel industry    Mar 20 2017
Daily review:China CRC price down(2017/3/17)    Mar 20 2017
Daily review:China CRC price down(2017/3/16)    Mar 16 2017
Ren Zhuqian: Opinions & market sueggestion on China rebar futures price hits three-year peak    Mar 16 2017
Daily review:China CRC price stable(2017/3/15)    Mar 16 2017
China HRC steel market weekly comment Mar 3-10, 2017    Mar 14 2017
Rally in rebar futures may continue on better fundamentals    Mar 14 2017
China's 50 mln t steel capacity cut target exclusive of crackdown on low-grade products    Mar 14 2017
Daily review:China CRC price slips (2017/3/13)    Mar 13 2017
Daily review:China CRC market seen weak (2017/3/10)    Mar 13 2017
Daily review:China HRC market seen weak (2017/3/08)    Mar 08 2017
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