Special Steel Market Commentary

Market Analysis

Date:

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.
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.
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.
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.
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.
China 2019 yellow goods sales hit new record, up 16% YoY Jan 10, 2020

China’s sales of excavators and other heavy machinery for both domestic and export customers increased by 15.9% on year to reach 235,693 units for 2019, according to the latest data released by the China Construction Machinery Association (CCMA) on January 10. The increase in full-year sales was faster than the 15% on-year rise over January-November.
DAILY: China’s rebar price stable, sales shrink Jan 10, 2020

According to Mysteel’s database, China’s national average benchmark price for HRB 400 20mm dia rebar stayed unchanged at Yuan 3,836/tonne ($548/t) including the 13% VAT as of January 9, and sales shrank in light of the fast-approaching Chinese New Year holiday.
Tesla Shanghai delivers first cars to Chinese consumers Jan 08, 2020

US-headquartered electric car producer Tesla delivered the first ‘Model 3’ cars made at its new factory in East China’s Shanghai to Chinese consumers on January 7, exactly one year after beginning construction on its Gigafactory, a combination car- and battery-making plant, in Shanghai’s Lingang Area.
MONTHLY: China rebar profit slumps $48/t on month in Dec Jan 08, 2020

The average rebar profit among China’s 91 integrated steelmakers under Mysteel’s monthly study plunged Yuan 336/tonne ($48/t) on month to Yuan 180/t over November 26-December 25, mainly undermined by the domestic rebar price softening amid the tepid demand.
DAILY: China’s billet price rebounds, rebar dips further Jan 08, 2020

On January 7, Mysteel’s Tangshan Q235 150mm square billet benchmark price, an important indicator of China’s steel market dynamics, rebounded Yuan 10/tonne ($1.4/t) on day to Yuan 3,310/t EXW, including the 13% VAT. The rebound occurred after staying flat for seven consecutive days, thanks to the production resumption of steel re-rollers in Tangshan city, China’s top steelmaking city in North China’s Hebei province.
WEEKLY: China flat steel FOB offer prices up, trade thin Jan 07, 2020

China’s flat steel exports stayed thin over December 28-January 2, though Chinese steel mills still decided to raise their offer prices by $8-13/tonne, market sources shared on Monday.
DAILY: China’s rebar, billet prices stable, trading weak Jan 06, 2020

The price of Q235 square billet in North China’s Tangshan city, a key indicator of the country’s steel market sentiment, remained stable over January 3-5 at Yuan 3,300/tonne ($474/t) EXW including the 13% VAT as of Sunday. Meanwhile, China’s national average price for HRB400 20mm dia rebar inched up Yuan 3/t on day to reach Yuan 3,843/t as of January 3, also including the VAT, Mysteel’s data showed.
WEEKLY: China’s retail steel stocks increase faster Jan 06, 2020

Total inventories of the five major finished-steel products held by traders in 35 major cities across China under Mysteel’s weekly survey increased by 7% on week over December 27-January 2, with the increase being much larger than the 3.1% on-week growth seen in the prior week, according to Mysteel’s latest stocks study.
DAILY: China’s steel price stable, trade shrinks further Jan 02, 2020

China’s steel price maintained largely stable on December 31 2019, the last working day before the New Year. Mysteel’s HRB400 20mm dia rebar benchmark price nudged up for the second day by another Yuan 2/tonne ($0.3/t) on day to Yuan 3,833/t and Mysteel’s Q235 150mm square billet benchmark price remained unchanged on day at Yuan 3,300/t EXW, both including the 13% VAT.
WEEKLY: Christmas holidays cool China’s steel exports Dec 31, 2019

China’s steel export business quietened appreciably last week when many countries halted business to observe the Christmas and Boxing Day holidays. In the Southeast Asian market too, the destination for most Chinese steel exports, sales were also slack amid the holidays and preparations for the coming new year, market sources indicated on Tuesday.

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

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

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

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

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

China’s 2019 steel exports plunge 7.3% on year 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

China 2019 yellow goods sales hit new record, up 16% YoY Jan 10, 2020

DAILY: China’s rebar price stable, sales shrink Jan 10, 2020

Tesla Shanghai delivers first cars to Chinese consumers Jan 08, 2020

MONTHLY: China rebar profit slumps $48/t on month in Dec Jan 08, 2020

DAILY: China’s billet price rebounds, rebar dips further Jan 08, 2020

WEEKLY: China flat steel FOB offer prices up, trade thin Jan 07, 2020

DAILY: China’s rebar, billet prices stable, trading weak Jan 06, 2020

WEEKLY: China’s retail steel stocks increase faster Jan 06, 2020

DAILY: China’s steel price stable, trade shrinks further Jan 02, 2020

WEEKLY: Christmas holidays cool China’s steel exports Dec 31, 2019

Daily Prices

Prices Summarization

FOB prices of steel products on August 6