Finished Steel Market Commentary

Market Analysis

Date:

WEEKLY: China's steel stocks mounting before CNY Jan 23, 2020

China’s steel stocks at both the traders’ and steel mills under Mysteel’s weekly survey mounted further in the last week before the Chinese New Year holiday over January 24-30, as downstream consumption and steel trading have gradually come to a standstill with most leaving for home for the holiday, though steel production has been operating as per normal.
DAILY: China's steel price static, awaiting CNY break Jan 23, 2020

China’s spot steel prices have all stopped moving, together with a quiet domestic market, as the whole country is awaiting the one-week Chinese New Year holiday over January 24-30, the most important festival in China.
CANSI: Global shipbuilders to see more new orders in ‘20 Jan 22, 2020

The China Association of the National Shipbuilding Industry (CANSI) expects the global shipbuilding sector to slightly recover this year and that order volumes of new vessels globally will increase to 75-90 million dead weight tonnes (dwt), mainly thanks to the predicted uptick the world economy, the easing of trade friction and the implementation of new rules on sulfur emissions for ships.
WEEKLY: China’s mills firm in steel FOB prices before CNY Jan 22, 2020

Chinese steel exporters are closing their businesses before the Chinese New Year (CNY) holiday over January 24-30 and are firmly defending their steel export prices, market sources said on Wednesday, stressing that sellers are not willing to compromise on profits.
DAILY: China’s steel market into festive mode Jan 22, 2020

China’s domestic steel prices have changed little since the start of 2020 and the market is getting quieter with more market participants leaving for home to celebrate the Chinese New Year holiday that will start on January 24 until January 30.
DAILY: China rebar price static, market in a halt Jan 21, 2020

China’s national average benchmark price of the HRB 400 20mm dia rebar remained unchanged for the third working day at Yuan 3,834/tonne ($548/t) including the 13% VAT on January 20 amid the lukewarm market with the Chinese New Year (CNY) holiday to start on Friday.
WEEKLY: China HRC output up despite approaching CNY Jan 20, 2020

The hot-rolled coil output among the 37 flat steelmakers across China under Mysteel’s weekly survey reversed up 4.2% on week to 3.36 million tonnes over January 9-15, and their rolling capacity utilization rate also rose by 3.45 percentage points on week to 85.96% on average despite the demand has become static.
WEEKLY: China rebar output dips to 11-month low Jan 20, 2020

China’s rebar output from the 137 steel producers including integrated and mini mills under Mysteel’s weekly survey slipped continuously to a 11-month low of 3.13 million tonnes over January 9-15, down at a faster pace of 7% on week than the 4.3% week-on-week decline for the prior week, following the shrinking in the demand.
DAILY: China’s steel price stable before CNY, trade stalls Jan 20, 2020

Mysteel’s national HRB400 20mm dia rebar benchmark price and Mysteel’s Tangshan Q235 150mm square billet price, the two key indicators of China’s steel market dynamics, stayed unchanged at Yuan 3,834/tonne ($558.9/t) and Yuan 3,300/t EXW respectively including the 13% VAT on January 19.
WEEKLY: China steel stocks climb again amid quiet market Jan 20, 2020

Total inventories of the five major finished-steel products across China held by domestic steel mills and among traders continued to mount last week as the country’s steel market quietened further ahead of the upcoming week-long Chinese New Year holiday over January 24-30, Mysteel Global notes.
WEEKLY: SHFE rebar prices to stay stable before CNY Jan 17, 2020

Rebar prices in China’s physical market stayed steady over the week of January 13-17 as market activity quietened markedly with the approach of Chinese New Year. Prices in the futures market also remain rangebound, and market sources told Mysteel Global they doubted they would see any significant changes in prices before the holiday.
DAILY: China’s steel prices stall, trading thins further Jan 17, 2020

China’s domestic steel price stayed quiet as most of the downstream construction sites have suspended their operations and many traders have started their long holiday for the Chinese New Year in advance. China’s national average price for HRB 400 20mm dia rebar remained stable on day at Yuan 3,835/tonne ($558/t) including the 13% VAT as of January 16.
DAILY: China rebar price stable, sales stay low Jan 16, 2020

Mysteel’s national HRB400 20mm dia rebar benchmark price remained largely stable after entering 2020, assessed at Yuan 3,835/tonne ($548/t), including the 13% VAT, up by only Yuan 1/t on day, according to Mysteel’s database. Spot sales have been steadily declining, Mysteel Global noted.
DAILY: China’s rebar price stable on quiet market Jan 15, 2020

China’s national average benchmark price of HRB 400 20mm dia rebar continue to stabilize on January 14, assessed at Yuan 3,834/tonne ($548/t) including 13% VAT, or down Yuan 1/t on day amidst the lukewarm market transactions as Chinese New Year (CNY) holiday approaches.
China’s 2019 steel exports plunge 7.3% on year Jan 14, 2020

China’s exports of steel reached 64.3 million tonnes in 2019, representing a decline of 5 million tonnes or 7.3% on year, according to the latest statistics from China's General Administration of Customs released on January 14.
WEEKLY: China’s rebar output dives 4% as more mills halt Jan 14, 2020

China’s rebar output from the 137 steel mills Mysteel samples regularly declined by 4.3% week-on-week to 3.36 million tonnes over January 2-8, mainly due to the production stoppages being observed by mini mills and re-rollers, according to Mysteel’s latest weekly production report.
DAILY: China rebar price stable, market in festive mood Jan 14, 2020

Mysteel’s national HRB400 20mm dia rebar benchmark price remained largely stable at Yuan 3,835/tonne ($556/t) including the 13% VAT, up only Yuan 1/t from last Friday, and the price had been hovering at the level since the start of 2020, though the spot steel trading volume has been declining steadily, Mysteel Global noted.
CAAM: Auto sales dip to 26 million in ‘19, NEVs also down Jan 13, 2020

China’s production and sales of automobiles in 2019 declined by 7.5% and 8.2% on year to 25.7 million units and 25.8 million units respectively, according to the latest statistics from China Association of Automobile Manufacturers (CAAM) published on January 13.
WEEKLY: China’s HRC prices dip, fundamentals solid Jan 13, 2020

China’s domestic demand for hot-rolled coil (HRC) showed signs of weakness with the national price the Q235 3mm HRC declined further by Yuan 14/tonne ($2/t) on week to Yuan 3,908/t including the 13% VAT as of January 10, as some end-users have already halted operations to have a longer break for the Chinese New Year holiday, Mysteel Global learned from the market.
DAILY: China’s rebar price down, sales shrink further Jan 13, 2020

China’s average price for HRB400 20mm dia rebar continue its downward trend on January 10 after a pause last Thursday, down Yuan 2/tonne ($0.3/t) on day to Yuan 3,834/t including the 13% VAT. Domestic steel market is gradually turning quiet with the Chinese New Year holiday nearing in late January.

Pre 1 2 3 4 5 ... Next

Product	Grade	Size	Price	Chg	Port
Billet	3SP/Q235	150*150	490	0	Tianjin
Rebar	HRB400	20*12	500	-10	Tianjin
HRC	Q235B	5.51500C	518	-15	Talian
Plate	Q345B	1218002000	515	-20	Tianjin
CRC	SPCC	1.0*1250	535	0	Tianjin
Galvanized	SGCC	0.31000C	665	0	Tianjin

Market Analysis

WEEKLY: China's steel stocks mounting before CNY Jan 23, 2020

DAILY: China's steel price static, awaiting CNY break Jan 23, 2020

CANSI: Global shipbuilders to see more new orders in ‘20 Jan 22, 2020

WEEKLY: China’s mills firm in steel FOB prices before CNY Jan 22, 2020

DAILY: China’s steel market into festive mode Jan 22, 2020

DAILY: China rebar price static, market in a halt Jan 21, 2020

WEEKLY: China HRC output up despite approaching CNY Jan 20, 2020

WEEKLY: China rebar output dips to 11-month low Jan 20, 2020

DAILY: China’s steel price stable before CNY, trade stalls Jan 20, 2020

WEEKLY: China steel stocks climb again amid quiet market Jan 20, 2020

WEEKLY: SHFE rebar prices to stay stable before CNY Jan 17, 2020

DAILY: China’s steel prices stall, trading thins further Jan 17, 2020

DAILY: China rebar price stable, sales stay low Jan 16, 2020

DAILY: China’s rebar price stable on quiet market Jan 15, 2020

China’s 2019 steel exports plunge 7.3% on year Jan 14, 2020

WEEKLY: China’s rebar output dives 4% as more mills halt Jan 14, 2020

DAILY: China rebar price stable, market in festive mood Jan 14, 2020

CAAM: Auto sales dip to 26 million in ‘19, NEVs also down Jan 13, 2020

WEEKLY: China’s HRC prices dip, fundamentals solid Jan 13, 2020

DAILY: China’s rebar price down, sales shrink further Jan 13, 2020

Daily Prices

Prices Summarization

FOB prices of steel products on August 6