Market Insights
Top news, commentary and analysis on the China steel and other commodities markets.
Crude steel output among the member mills of the China Iron and Steel Association (CISA) totaled 408 million tonnes over the first half of this year, dropping by 3.7% on year, according to the association's latest release.
China's stainless steel exports and imports both declined in this year's January-June half. Exports during this period totaled 2.06 million tonnes, down 17.6% year on year, according to new data from the country's General Administration of Customs (GACC) released on Monday.
Billet prices in Tangshan in North China's Hebei province rose slightly on week during July 13-19, with Mysteel assessing the price of Q235 150mm square billet in the city at Yuan 2,990/tonne ($441/t) EXW and including the 13% VAT on July 19, up by Yuan 20/t on week.
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