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.
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.