-
On May 8, a make-up workday in China after the Labour Day holiday, the country’s national HRB 400E 20mm rebar price soared Yuan 162/tonne ($25/t) to a new high since Mysteel commenced the assessment on March 3 2011, and spot sales of construction steel among the 237 traders under Mysteel’s tracking recovered 2.5% on day.
-
China’s prices of imported iron ore for both port inventories and seaborne cargoes increased further on May 7, and trading improved as well.
-
On May 6, China’s national HRB400E 20mm rebar price reached the highest since Mysteel commenced the assessment in March 2011, or hitting Yuan 5,489/tonne ($844/t) including the 13% VAT after having skyrocketed by Yuan 234/t from April 30, and spot sales of construction steel rebounded by 57.5% from April 30, according to Mysteel’s surveys among 237 Chinese traders.
-
Prices for imported iron ore in China’s portside and seaborne cargo markets soared on May 6, the first working day after the Labour Day holiday over May 1-5 in China, with Mysteel SEADEX 62% Australian Fines having exceeded $200/dmt and trading in the portside market being rather active.
-
On April 30, China’s national HRB 400E 20mm rebar price surfed to a new 9.5-year high after an on-day gain of Yuan 15/tonne ($2.3/t) to Yuan 5,255/t including the 13% VAT, while spot sales of construction steel reversed down by 30% on day, according to Mysteel’s market surveys.
-
China’s prices for imported iron ore in port stocks and seaborne cargoes dived on April 30, with trading activities cooling throughout today as well.
-
On April 29, China’s daily trading of construction steel among 237 traders under Mysteel’s tracking rebounded 21.8% on day, and the national HRB400E 20mm rebar price, according to Mysteel’s assessment, recovered quickly from one-day drop, up Yuan 10/tonne ($1.5/t) on day to Yuan 5,240/t including the 13% VAT, indicating market sentiment, after the short wavering, stayed positive.
-
Prices for imported iron ore in China's portside and seaborne markets edged up on April 29, while trading activities in both markets stayed lackluster.
-
On April 28, China’s national HRB400E 20mm rebar price, according to Mysteel’s assessment, lost some steam after six working days of increases, down Yuan 13/tonne ($2/t) on day to Yuan 5,230/t including the 13% VAT, and daily trading of construction steel among the 237 traders under Mysteel’s tracking also reversed down 7.4% on day, though market sentiment remained steady.
-
China’s prices for imported iron ore retreated on April 28, with trading activities cooling today as well.
-
On April 27, China’s spot steel market sentiment stayed positive, and the national HRB 400E 20mm rebar price, according to Mysteel’s assessment, strengthened for the sixth working day, or having refreshed its 9.5-year high to Yuan 5,243/tonne ($809/t) including the 13% VAT, and daily trading of construction steel increased by 3.5% on day among the 237 traders under Mysteel’s tracking.
-
China’s prices of imported iron ore for both port inventories and seaborne cargoes posted further gains on April 27 as the bullish market sentiment prevailed.
-
On April 26, China’s national HRB400E 20mm rebar price gained another Yuan 34/tonne ($5.3/t) to Yuan 5,237/t including the 13% VAT, or having refreshed its 9.5-year high, and spot sales of construction steel recovered 10.5% on day, both according to Mysteel’s surveys, indicating the steel market optimism in the near term.
-
China’s prices for imported iron ore for both port inventories and seaborne cargoes increased on day on April 26, with trading in both markets growing. April 25 was a substitute working day in China ahead of the Labour Day holiday over May 1-5.
-
On April 25, China’s national HRB 400E 20mm rebar price refreshed its 9.5-year high, reaching Yuan 5,203/tonne ($801.3/t) including the 13% VAT, while spot sales of construction steel reversed down by 26.5% from last Friday, both according to Mysteel’s surveys. April 25 is a make-up working day in China.
-
China’s prices for imported iron ore for both port inventories and seaborne cargoes increased on April 23, with trading in both markets growing.
-
On April 22, China’s national HRB400E 20mm rebar price increased for the second day, up Yuan 23/tonne ($3.5/t) on day to Yuan 5,115/t including the 13% VAT, and spot sales of construction steel including rebar recovered, both according to Mysteel’s tracking.
-
China’s prices of imported iron ore for both port inventories and seaborne cargoes dipped on April 22, with trading for port inventories thin.
-
On April 21, China’s national HRB400E 20mm rebar price recovered from three days of declines, up Yuan 10/tonne ($1.5/t) on day to Yuan 5,092/t including the 13% VAT, while spot sales of construction steel including rebar eased four days of surges, both according to Mysteel’s tracking.
-
Prices for imported iron ore in China’s portside market increased on April 21, while those in the seaborne market declined.
