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Steel >> Market >> Analysis & Commentary
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Major Chinese steel prices unchanged despite slump in constructional steel trading volumes
Major Chinese steel benchmarks were little changed on Tuesday 18th July, as buyers withdrew from the market following successive days of sharp price hikes. For example, Mysteel's bespoke daily monitor of national con- struction steel products trading volumes declined 22.3% day-on-day (49,903 tonnes) and 14.3% week-on-week to 173,455 tonnes yesterday.
China steel prices expected to move up amid fluctuation in coming 2H
By the end of June, China has basically shut down low-quality steel capacity, with over 600 enterprises involved. Besides, almost construction sites have been halted working, with parts of inefficient facilities dismantled. Under various constraints, it can be noted that steelmaking via EAF (electrical arc furnaces) route is unlikely to increase supply to a large degree in the short term.
Tight market fundamentals and risk of further supply-side reforms drives major Chinese steel prices higher
Major Chinese steel benchmarks surged higher yesterday as opportunistic market participants pushed through price hikes in response to relatively tight supply/demand fundamentals, particularly for flat products, and comments regarding reining in high levels of corporate debt and leverage from Chinese president Xi Jinping at the National Financial Work Conference on Saturday 15th July 2017.

Major Chinese steel prices unchanged despite slump in constructional steel trading volumes    Jul 19 2017
Tight market fundamentals and risk of further supply-side reforms drives major Chinese steel prices higher    Jul 18 2017
Major Chinese HRC prices remain firm as national inventories fall for fifteenth consecutive week    Jul 14 2017
Buoyancy in futures market and relatively tight market fundamentals support physical Chinese steel prices     Jul 12 2017
Weekly survey: Everything about Tangshan billet (June 19--23, 2017)    Jun 28 2017
Shanxi steel mills resume production comprehensively    Jun 16 2017
Weekly survey: Everything about Tangshan billet (June 5--9, 2017)    Jun 13 2017
Mysteel: National crude steel daily output likely to climb 1.56% in early June     Jun 12 2017
Weekly survey: Everything about Tangshan billet (May 29--June 2, 2017)    Jun 07 2017
Steel prices to see downward pressure as slack season for demand is coming    Jun 02 2017
Weekly survey: Everything about Tangshan billet (May 22--26, 2017)    Jun 01 2017
Mysteel weekly analysis on national medium plate mills' production situation (by May 26, 2017)     May 27 2017
Weekly survey: Everything about Tangshan billet (May 15--19, 2017)    May 24 2017
Mysteel weekly analysis on national medium plate mills' production situation (by May 19, 2017)    May 22 2017
China HRC market weekly comment: May 12-19, 2017    May 22 2017
Rebar steel futures prices expected to fall further    May 18 2017
Weekly survey: Everything about Tangshan billet (May 8--12, 2017)    May 15 2017
Mysteel: National crude steel daily output likely to slip 0.42% in early-May    May 12 2017
Weekly survey: Everything about Tangshan billet (May 1--5, 2017)    May 09 2017
China HRC market weekly comment: May 2-5, 2017    May 09 2017
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