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CISA: China Steel prices see slight correction in June
With the reinforcement of capacity removal and substandard steel elimination, domestic steel prices continued to pick up slightly on back of steady macro economy and firm steel demand. It is hard for steel prices to soar up under the situation of excessive supply in domestic steel market affected by rapidly released capacity and decreased steel exports.
Weekly summarization of China steel market during July 7- 14, 2017
China steel markets continued to advance in the week to July 14, 2017. Spot market was largely pulled by strengthened futures. Future prices returned to a downturn close to the weekend. Prices decline in spot market was less obvious, but the bullish market sentiment was weakened.
Mysteel analysis & forecast on domestic CRC downstream consumption in coming Q3
In the past Q2 2017, domestic market consumption for CRC maintained robust, although highly-expected season for demand is still coming on the way. In the first five months this year, the CRC exports eyed an overall upward trend. Mysteel estimated that the demand for CRC is expected to maintain stable without notable changes in the coming Q3 from supply & demand, exports and terminal demand sectors.
China's Scrap Steel Industry: An Overview
After China's eradication of IFs (induction furnaces), EAFs and its raw material----scrap metal suddenly comes under the spotlight. This paper intends to review China's scrap steel industry and analyze opportunities and challenges in the sector.
China steel exports: Analysis for May and forecast for June
China's steel exports in May reported 6.957 million tonnes, up 7.5% month-on-month or down 26.2% from a year earlier, whereas imports data read 1.111 million tonnes, increasing 3.3% compared with last month or 1.6% from the same month a year ago.
EAFs can hardly boost steel production in short term
Under various constraints, Mysteel believes that steelmaking via EAF (electrical arc furnaces) route is unlikely to increase supply to a large degree in the short term.
Weekly summarization of China steel market during July 3--7, 2017
China steel market advanced firstly then moved down in the week to July 7, 2017. Spot market was strongly backed by robust futures in the early week, but billet price made a slight correction. Trading activities showed a sluggish status as downstream users held a wait-and-see attitude.
Changes of China's Steel Market Environment
Two BFs shaped in ellipse with major axis stretching 4m, minor axis 2.7m and height 6m (volume around 50 m3) have been found in a historic site near Zhengzhou Henan Province, which could produce only 1 tonne of pig iron per day.

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