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Mysteel depicts Chinese steel market highlights in H2, 2017
The difference between futures and cash prices recorded a new high recently. The reason is, in the word of Ren Zhuqian, assistant to Mysteel president, "bullish market fundamentals versus bearish picture at large".
Weekly summarization of China steel market during Jun 12-16, 2017
China's steel market strengthened in the week to June 16. Backed by strong performance in both futures and billet markets, spot prices moved up quickly. But since the demand was not too robust, overall increase was reasonable.
Weekly summarization of China steel market during Jun 2 - 9, 2017
China's steel market continued to move downward amid downbeat sentiment in the week to June 9. Due to a double whammy of poor performance of futures market and weak billet market, spot steel prices went down continuously in the early week. But as both billets and futures rallied, downward expectation was replaced by a strong wait-and-see sentiment.
What's behind the 2252% upsurge of scrap steel export?
China's scrap steel export reached 15,400 tonnes in April. Just a year ago, the figure was only 1045 tonnes. Such a striking growth of 2252.6% sparked discussions on the topic.
China steel exports: Analysis for Apr. and forecast for May
China's steel exports in April reported 6.473 million tonnes, down 14.2% month-on-month or 28.7% from a year earlier, whereas imports data read 1.076 million tonnes, declining 17.1% compared with last month or 2.2% from the same month a year ago.
Mysteel warns of a post-surge correction in June----Monthly outlook by Wang Jianghua, Mysteel chief analyst
In June, the market is still likely to be driven by continuous improvement in fundamentals. But later as supply constraint recedes, steel price is highly possible to retreat.
Up or down? Rebar prices exposed to both fundamentals and government policies: Chen Jingfu
Rebar price, backed up by better fundamentals and capped by moderate policy tone, is expected to fluctuate within a reasonable range in the rest of this year.
Mysteel survey on domestic major steel mills in May 2017
Mysteel has conducted investigations on 216 domestic major steel mills on May 4, 2017 to get informed the production of five major steel products (rebar, wire rod, HRC, CRC and medium plate).

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