-
On July 11, China’s steel prices have been hovering, with Mysteel’s national average HRB400 20mm dia rebar benchmark price dipped further by Yuan 4/tonne ($0.6/t) on day to Yuan 4,086/t.
-
China’s domestic steel prices softened on Wednesday and spot trading fell to a four-month low on Wednesday after a rather robust trading on the previous day.
-
The benchmark price of Q235 150mm billet in Tangshan city, the key indicator of the country’s steel market sentiment , especially in North China, softened a little over July 5-7, losing Yuan 10/tonne ($1.5/t) to reach Yuan 3,610/t EXW and including the 13% VAT as of July 8, Mysteel Global notes. Re-rollers’ buying interest remained weak, sources said.
-
Mysteel’s Tangshan Q235 150mm square billet price, a key indicator of Chinese steel market trends, rebounded by Yuan 30/tonne ($4.4/t) on day on Thursday to Yuan 3,660/t EXW and including the 13% VAT after plunging by a total of Yuan 70/t over the previous two days.
-
The benchmark price of Q235 150mm billet in Tangshan city, a key indicator of the country’s steel market sentiment – especially in North China, surged by a strong Yuan 50/tonne ($7.3/t) last weekend to Yuan 3,670/t EXW and including the 13% VAT as of June 30, a new high for the year.
-
As Tangshan's local government step up its efforts against air pollution, an announcement was made on June 23, 2019. There will be stricter production curbs in place on some steelmakers' processes, from sintering to steel refining.
-
China’s steel prices, including rebar and Tangshan billet, continued with the increase as the market is still under the strong influence of the latest round of restriction among the Tangshan steel mills starting as early as on June 23 on some facilities and more concrete information has been circulated in the market.
-
China’s national rebar prices and the Tangshan billet price, both being the barometers of the Chinese steel market sentiment, gained substantially on June 24, in response to Tangshan’s new round and stricter curbing on the local mills’ sintering, blast furnaces, converters, and lime kilns until end of July to battle against local air pollution.
-
The Tangshan Q235 150mm billet benchmark price, a key indicator of China’s steel market sentiment especially for North China, gained strongly by Yuan 70/tonne ($10.2/t) over the weekend toYuan 3,530/t EXW and including the 13% VAT as of June 23 mainly on the latest news that the local authorities have kick started a new round of curbing on local steel mills on air quality concerns.
-
China’s rebar price reversed up on June 19, though trading volume subsided, as suppliers were attempting to hold onto prices given the further incline in production cost, Mysteel Global learned.
-
China’s domestic steel market displayed further signs of weakening on Tuesday, with the national average HRB 400 20mm dia rebar benchmark price slid down further by Yuan 17/tonne ($2.5/t) on day to Yuan 3,969/t including the 13% VAT as of June 18, though the decline was milder against the Yuan 50/t loss on Monday, or the steepest single-day loss in six months.
-
Mysteel’s national average HRB 400 20mm dia rebar benchmark price plummeted by Yuan 50/tonne ($7.2/t) on Monday to Yuan 3,986/t including the 13% VAT, falling below the threshold of Yuan 4,000/t and marking the largest single-day decline in six months. Many market insiders admitted the plunge was “beyond expectations”.
-
Mysteel’s national average price for HRB400 20mm dia rebar reversed down Yuan 17/tonne ($2.5/t) on day to Yuan 4,044/t including the 13% VAT as of June 13, and the trading enthusiasm stayed sluggish despite a minor recovery.
-
Mysteel’s national HRB 400 20mm dia rebar benchmark price rebounded on Tuesday after two working days of declines to rise by Yuan 12/tonne ($17.4/t) on day to Yuan 4,058/t including the 13% VAT. Mysteel’s Tangshan Q235 150mm square billet also increased by Yuan 30/t on day to Yuan 3,510/t EXW and including the VAT.
-
Nationwide rebar prices and prices of billet in North China’s Tangshan city, the two barometers of Chinese steel market conditions, both declined on June 6, the last working day before the Dragon Boat Festival holiday weekend, as domestic steel market sentiment remained negative ahead of the break.
-
Mysteel’s national HRB 400 20mm dia rebar benchmark price, the pulse of China’s steel market, reversed up on Wednesday though marginally, rising by Yuan 5/tonne ($0.7/t) on day to Yuan 4,093/t including the 13% VAT. Nevertheless, the uptick ended nine days of consecutive declines.
-
China’s domestic steel market displayed further signs of weakness on Monday, with the national average HRB 400 20mm dia rebar benchmark price down another Yuan 32/tonne ($4.6/t) on day to Yuan 4,100/t including the 13% VAT as of June 3. This key barometer of spot market performance has been trending down since May 23 as demand has declined and steel market sentiment is negative.
-
The Tangshan Q235 150mm square billet price, a vital indicator of China’s steel market sentiment, decreased by Yuan 10/tonne ($1.4/t) over May 31-June 2 to Yuan 3,550/t EXW and including the 13% VAT as of Sunday, as the demand softened from the local re-roller amid their thinning margin and the continuing slides in domestic finished steel prices.
-
Mysteel’s national average HRB 400 20mm dia rebar benchmark price decreased for the sixth consecutive working day by another Yuan 8/tonne ($1.2/t) on day to Yuan 4,153/t as of May 30 including the 13% VAT, as the market demand showed further signs of softening.
-
China’s domestic steel market saw signs of softening with the hot and rainy summer to envelop many parts of China in the coming months and the country’s national HRB400 20mm dia rebar benchmark price, a key barometer of the spot market performance, had been on a downtrend since May 23, down another Yuan 16/tonne ($2.3/t) on day to Yuan 4,177/t including the 13% VAT as of May 28, as the physical demand declined with a succession of rainy days in many Chinese cities.
