-
Mysteel’s Q235 150mm square Tangshan billet price, the weathervane of China’s steel market, searched for direction over the weekend, first losing then recovering Yuan 10/tonne ($1.4/t) on Saturday and Sunday to end at Yuan 3,560/t EXW and including the 13% VAT as of May 19, unchanged from last Friday.
-
China’s national average benchmark price for HRB400 20mm dia rebar rebounded by Yuan 10/tonne ($1.5/t) on day to Yuan 4,176/t on delivery and including the 13% VAT as of May 16 after having declined for six working days.
-
China’s spot long steel trading on May 15 picked up 30% on day amid the continuing price decline in the national HRB400 20mm dia rebar for the sixth day as of Wednesday, having lost another Yuan 10/tonne ($1.5/t) on day to Yuan 4,166/t including the 13% VAT.
-
Mysteel’s Tangshan Q235 150mm square billet benchmark price, the barometer of China’s steel market, slipped Yuan 20/tonne ($2.9/t) on week to Yuan 3,580/t EXW and including the 13% VAT as of May 10, as both the spot trading and the market sentiment appeared a bit of wobbly, market sources indicated on Monday.
-
Mysteel’s national HRB 400 20mm dia rebar benchmark price decreased for the fourth day as of May 13, down another Yuan 19/tonne ($2.8/t) from last Friday to Yuan 4,208/t including the 13% VAT, as the market sentiment has been tested on signs of a slow-down in demand and the growing concern on the escalating Sino-US trade friction.
-
Mysteel’s national average price of HRB400 20mm dia rebar declined for the third day on May 10, down another Yuan 4/tonne ($0.6/t) on day to Yuan 4,227/t including the 13% VAT, as the market sentiment turned cautious amid higher steel output, softening in demand, and the growing tension between China and the US on trade friction.
-
Stocks of the five major carbon-steel items at Chinese traders continued to trend downward over the week of May 2-8, but the pace of decline pace was slowed by the high levels of production, as well as the ebbing momentum of rises in demand, Mysteel Global notes.
-
China’s national average price for the HRB400 20mm dia rebar decreased for the second day by another Yuan 18/tonne ($2.6/t) on day to Yuan 4,231/t including the 13% VAT as of Thursday, as traders are growingly worried about the remaining high steel output and the slow-down in steel stocks digestion.
-
China’s steel prices recovered from the Monday slide on May 7 with Mysteel’s national HRB 400 20mm dia rebar benchmark price have rebounded Yuan 7/tonne ($1.03/t) on day to Yuan 4,261/t and the Tangshan Q235 150mm square billet price recouping Yuan 20/t on day to its six-month high of Yuan 3,600/t EXW, with both including the 13% VAT.
-
Mysteel’s Tangshan Q235 150mm square billet benchmark, the barometer of China’s steel market, gained Yuan 60/tonne ($8.9/t) on week to reach Yuan 3,600/t EXW and including the 13% VAT as of May 5, a six-month high since last November 16. May 5, Sunday, was a working day in China in lieu of the Labour Day holidays on May 1-3, Mysteel notes.
-
Mysteel’s national average price of HRB400 20mm dia rebar reversed down though by merely Yuan 6/tonne ($0.9/t) from May 5, a working day in China, to Yuan 4,254/t including the 13% VAT as of May 6, as the market sentiment turned shrewd.
-
The rebar and Tangshan billet prices, being the major barometers of China’s steel market sentiment, both gained on May 5, Sunday, a working day in China in lieu with the Labour Day Holiday on May 1-3, as the domestic steel market sentiment has remained positive after the break.
-
Mysteel’s Tangshan Q235 150mm square billet benchmark, the pulse of China’s steel market, edged up Yuan 10/tonne ($1.5/t) on week to Yuan 3,540/t EXW and including the 13% VAT as of April 26. The benchmark lacked impetus for a major jump though, as buying from downstream re-rollers cooled markedly over the past week.
-
Mysteel’s national HRB 400 20mm rebar benchmark price stayed firm in general, having ebbed by merely Yuan 1/tonne ($0.15/t) on day to Yuan 4,233/t including the 13% VAT as of April 29, and the spot demand remained steady with the Labour Day Holiday over May 1-3 just around the corner.
-
China’s national average price for HRB400 20mm dia rebar inched up Yuan 3/tonne ($0.4/t) from last Friday to Yuan 4,234/t including the 13% VAT as of April 28, a working day in China in lieu of the Labour Day holiday on May 1-3, having sourcing support from the continuing declines in finished steel stocks both at the traders and steel mills.
-
Trends in Chinese domestic steel prices varied among regions on Thursday, with those in East and North China reversing up after two consecutive days of declines whereas that in South China continued to soften.
-
Mysteel’s national average price of HRB400 20mm dia rebar declined for a second successive day on April 24, losing another Yuan 19/tonne ($2.8/t) on day to Yuan 4,232/t including the 13% VAT. Market watchers said demand from users such as building contractors remains lacklustre in many regions across China due to present rainfalls.
-
Mysteel’s national HRB 400 20mm rebar benchmark price softened by Yuan 9/tonne ($1.3/t) on day to Yuan 4,251/t including the 13% VAT on Tuesday, marking a slight retreat after Monday’s strong rebound which saw the rebar price reach its highest point since last November.
-
Mysteel’s national average price for HRB400 20mm dia rebar price returned to its uptrend on April 22 after having softened for the previous three days and refreshed its five-month high since November 21 2018, up Yuan 45/tonne ($6.7/t) from last Friday to Yuan 4,215/t including the 13% VAT and the domestic steel market sentiment stayed positive in general.
-
Mysteel’s Tangshan Q235 150mm square billet price, the weathervane of China’s steel market especially for North China, eased Yuan 20/tonne ($3/t) on week to Yuan 3,530/t EXW and including the 13% VAT as of April 19, and demand from local steel re-rollers remained strong over April 15-19, market sources indicated on Monday.
