-
China's national average HRB 400 20mm dia rebar price reversed down Yuan 9/t ($1.3/t) on day to Yuan 4,192/t including the 16% VAT on July 16 as demand will weaken further with the whole country entering the hottest summer period and heavy rains hit many regions, while supply may increase with the resumption of some steelmakers in Xuzhou, East China's Jiangsu province, Mysteel notes.
-
The price of Q235 billet in Tangshan in Hebei province, North China, reversed up by Yuan 100/tonne ($15/t) on week to Yuan 3,700/t EXW including the 16% VAT as of July 13. Steelmakers and traders nursing lower inventories felt no pressure to sell and so lifted offer prices while markets remain buoyant.
-
China's national average benchmark price for Q235B grade 4.75mm hot-rolled coil climbed by Yuan 33/tonne ($5/t) on week to Yuan 4,262/t including 16% VAT as of July 13, which was mainly attributed to better sales, market sources shared.
-
Mysteel's Tangshan Q235 billet benchmark price receded by a total of Yuan 50/tonne (convert please) over July 13-14 to Yuan 3,670/t EXW and including the 16% VAT as of Sunday, mainly as a downward correction after the too fast increase by Yuan 80/t in the three days prior to last Friday.
-
China's steel inventories at both traders' warehouses and steel mills continued to decline in the second week of July, the first month of the weak-demand summer season, Mysteel's latest inventory survey showed on Thursday.
-
China's steel prices continued to strengthen on Thursday, with the national average benchmark price for the HRB 400 20mm dia rebar gaining another Yuan 33/tonne ($5/t) on day to Yuan 4,186/t and the 4.75mm HRC up Yuan 18/t on day to Yuan 4,258/t as of July 12, both including the 16% VAT.
-
China's national average HRB 400 20mm dia rebar benchmark price strengthened for the third consecutive day as of July 11, up another Yuan 12/tonne ($1.8/t) on day to Yuan 4,153/t including the 16% VAT, but the trading volume subsided because of Typhoon Maria.
-
Mysteel's Tangshan Q235 billet price grew another Yuan 50/tonne ($7.6/t) on day to Yuan 3,680/t EXW and including 16% VAT as of July 10 in response to the latest development that Tangshan government ordered local steel mills to cut on their sintering and blast furnaces capacities during July 10-31.
-
The margins that China's blast furnace steelmakers earnt in June on the three carbon steel products - rebars, hot rolled coils and medium plates - shrank by Yuan 15-54/tonne ($2.3-8.2/t) compared with May, according to Mysteel's latest monthly costs survey covering the period May 26 to June 25. Survey respondents chiefly blamed rising production costs but they stressed that steel prices remained generally high last month, which kept their profits within a decent range.
-
Daily steel output across China this month of the five key carbon steel products is likely to increase by 34,000 tonnes/day or 2% on month to 1.7 million t/d, according to Mysteel's monthly survey of 216 steelmakers nationwide released on July 9. The five items are rebar, wire rods, plates and hot-rolled and cold-rolled coils.
-
Mysteel's national average HRB400 20mm dia rebar price rebounded on July 9 after a two-day decline, up by a tiny Yuan 2/tonne ($0.3/t) from last Friday to Yuan 4,112/t including the 16% VAT, mainly attributed to better sales on Monday.
-
China's national average benchmark price for Q235B grade 4.75mm hot-rolled coil dropped by Yuan 48/tonne ($7.3/t) on week to Yuan 4,229/t including 16% VAT as of July 6. Market sources said traders were willing to discount HRC prices to promote sales on noting that downstream demand has become tepid now.
-
The inventories of construction long steel comprising rebar and wire rod at 139 key Chinese steel mills reversed down 17,800 tonnes or 0.7% over the week to about 2.5 million tonnes as of July 4, mainly because of less rebar output amid slack demand, according to Mysteel's latest weekly stocks survey.
-
Mysteel's Tangshan Q235 billet benchmark price, the weather vane of China's steel market, rebounded by Yuan 10/tonne ($1.5/t) from July 6 over the weekend to Yuan 3,610/tonne EXW including the 16% VAT as of Sunday, showing little concern upon the Sino-US trade war that came into a reality last Friday.
-
The combined stockpiles of the five major carbon steel products held by Chinese steelmakers and traders at the end of last week - comprising rebars, wire rods, hot-rolled and cold-rolled coils and medium plate - declined slightly as sellers priced aggressively to encourage business, Mysteel's latest weekly survey released on July 5 showed.
-
China's national average HRB 400 20mm dia rebar benchmark price reversed down by 3/tonne ($0.5/t) on day to Yuan 4,121/t including 16% VAT on July 5, finding it hard to recover sustainably amid tepid demand after one-day attempt on July 4.
-
China's national benchmark price of HRB 400 20mm dia rebar rebounded after two days of declines, up Yuan 3/tonne ($0.5/t) on day to Yuan 4,124/t including the 16% VAT as of July 4, as the physical market borrowed some support from both the rebar futures price movement and the recovery in daily trading volume.
-
Mysteel's national average HRB400 20mm dia rebar price softened for the second day as of July 3, down another Yuan 19/tonne ($2.9/t) on day to Yuan 4,121/t including the 16% VAT, as the persisting gloomy demand amid heavy rains in South and Southwest China as well as high temperatures in most of the country in summer.
-
China's domestic steel prices both for long and flat have been softening, though at a slower pace on July 2, mainly as the country's steel demand are gradually into a low period in hot and rainy summer days, Mysteel noted.
-
Stocks of construction steel long products including rebar and wire rod at the 139 steelmakers across China regularly monitored by Mysteel continued to mount over the June 21-27, climbing by 7% on week to 2.5 million tonnes, according to Mysteel's latest survey.
