• DAILY: China’s billet price static, market lacks direction Oct 15, 2018

  Mysteel’s Tangshan Q235 billet benchmark price, a core indicator of China’s steel market sentiment, stayed at Yuan 3,890/tonne ($562/t) EXW and including the 16% VAT as of October 14 after a gain of Yuan 20/t on October 12, and many Chinese market participants felt directionless for the time being. Tangshan market

• China’s market divided on SHFE’s stainless steel futures Oct 10, 2018

  The growing possibility for the Shanghai Futures Exchange (SHFE) to launch stainless steel futures has received mixed market reactions, with producers’ applauding the development, while traders staying cautious on the move. SHFE has been working on the stainless steel futures project for over two years, and just recently on September 26, the exchange, together with the

• DAILY: Market optimism stays despite swelling steel stocks Oct 08, 2018

  China’s steel market sentiment has remained strong despite that the steel stocks at both the mills and trading houses swelled notably during China’s National Day holiday over October 1-5 as spot trading slowed to almost a standstill over the past week. Rebar stocks at traders at the 35 cities, for example,

• DAILY: Steel prices down mildly, market caution growing Sep 25, 2018

  Chinese steel prices softened moderately on September 21 with Mysteel’s national average HRB 400 20mm dia rebar benchmark price down Yuan 7/tonne ($1/t) on day to Yuan 4,620/t and Tangshan billet price down Yuan 20/t on day to Yuan 3,970/t, EXW, both including the 16% VAT, because of the widespread

• DAILY: Steel market firm though new US tariffs loom Sep 19, 2018

  China’s domestic steel market remained generally stable on Tuesday, with Mysteel’s HRB 400 20mm dia rebar benchmark price gaining a small Yuan 6/tonne ($0.9/tonne) on day to Yuan 4,616/tonne including the 16% VAT. The central government’s latest response to Washington’s looming tariff slap on $200 billion worth of Chinese goods

• DAILY: Tangshan billet jumps $10/t on concurrent curbs Sep 10, 2018

  Mysteel’s Tangshan Q235 billet benchmark price jumped Yuan 70/tonne ($10.2/t) in total from last Friday to Yuan 4,100/tonne EXW and including the 16% VAT, or just Yuan 10/t short of the multi-year high on August 20, mainly as the concurrent curbs on the local mills. The price had been on rise

• DAILY: China’s billet price lacks steam on weak sentiment Sep 03, 2018

  Mysteel’s Tangshan Q235 billet price only regained Yuan 10/tonne ($1.5/t) over the weekend after a sharp decline by Yuan 50/tonne last Friday, ending at Yuan 3,990/t EXW and including the 16% VAT as of September 2.

• DAILY: Steel prices rebound after temporary correction Aug 27, 2018

  China’s steel prices rebounded over the weekend after a short-time correction, and Mysteel’s Tangshan Q235 billet price gained Yuan 30/tonne ($4.4/t) from August 24 to Yuan 4,080/tonne EXW and including the 16% VAT as of August 26, reclaiming part of the Yuan 60/tonne loss after having hit a nearly seven-year high at Yuan 4,110/tonne on August 20

• Market: Chinese stainless prices flatline amid low sales Aug 22, 2018

  Most major Chinese stainless benchmarks have remained within a narrow range since early July, as domestic consumption has been a casualty of the low-demand season of summer and high stocks continue to weigh on prices.

• China’s property market to be supportive of rebar price Aug 16, 2018

  China’s property market, a major downstream user of steel products with longs in particular, is expected to continue to lend support to the domestic steel market with its rebound in July, market sources shared on August 15.

• DAILY: China’s rebar hits yearly-high on buying spree Aug 14, 2018

  Mysteel’s HRB 400 20mm rebar benchmark price surged Yuan 57/tonne ($8.3/t) on day to Yuan 4,468/tonne including the 16% VAT on August 13, a new high since the beginning of 2018 as market participants were in a buoyant mood, expecting for price rises.

• DAILY: CN steel prices reverse down on slack trading Aug 10, 2018

  Chinese steel prices declined marginally on Thursday as trading activity ebbed slightly. Mysteel’s national average HRB 400 20mm dia rebar benchmark slipped by Yuan 4/tonne ($0.6/t) on day to Yuan 4,394/tonne including the 16% VAT, ending four working days of consecutive increases.

• CSSC: CN total stainless output up 13% over Jan-June Aug 01, 2018

  China’s production of crude stainless steel totalled 13.64 million tonnes during January-June, higher by 1.59 million tonnes or 13.2% on year, according to the latest figures released by Stainless Steel Council of China Special Steel Enterprises Association (CSSC) on July 30.

• FEATURE: Changzhou mills under pressure on emissions Jul 31, 2018

  Changzhou city in East China’s Jiangsu province is among the latest to join Beijing’s drive to improve air quality, with the city explicitly instructing 48 local steel mills to continue to cut their daily steel output beginning July 25 and lasting possibly until year’s end, an official from Changzhou City Environmental Protection Bureau confirmed on July 30.

• China's SS price up 22% after hitting one-year low May 18, 2018

  The price of stainless 304/No.1 5mm hot-rolled coil in Foshan, one of China's core stainless trading hubs in South China's Guangdong province, has soared by Yuan 2,600/tonne ($413/t) or 22% as of May 16 - from the one-year low it hit on June 12 last year - and is now at Yuan 14,200/t in-warehouse including the 16% VAT, according to Mysteel's database. But the surge from last year's trough of Yuan 11,600/t is mainly due to the rise in raw materials prices and not the result of a huge change in demand.

• China's SS price recedes on nickel price softening Apr 27, 2018

  The 300-series stainless steel prices in Foshan, one of China's core stainless trading hubs in South China's Guangdong province, receded on April 27, closely tailing behind the subsiding nickel price since April 20, as weak demand and high stocks continued to weigh on the prices.