Semi-Finished Steel Weekly Review

Weekly Review

Date:

WEEKLY: China blast furnace capacity use recovers to 78% Apr 03, 2020

The capacity utilization of the blast furnaces at 247 Chinese steel plants nationwide under Mysteel’s weekly survey continued to rise over March 27-April 2, up another 1.61 percentage point on week to 77.8%, around the same level as in early February and still below the 78.9% before the Chinese New Year holiday, according to Mysteel’s data.
Chinese traders’ stocks slip further but more slowly Apr 02, 2020

Stocks of the five major steel items held by traders across China continued to decline over the period of March 27-April 2, though the pace of decline had slowed from the prior week as actual long-steel demand cooled slightly while flat steel products are under greater pressure, Mysteel Global has learned from the market.
WEEKLY: China steel FOB prices slump on falling demand Mar 31, 2020

Chinese steel export prices slumped over the week March 21-27 as global demand decreased significantly with the deadly COVID-19 continuing to decimate global economies, export market sources maintained on Tuesday.
WEEKLY: China billet price dips with section margins Mar 30, 2020

Mysteel’s Tangshan Q235 150mm square billet benchmark price, a key indicator of China’s steel market movement, slipped Yuan 50/tonne ($7.1/t) on week to Yuan 3,110/t EXW and including the 13% VAT as of March 27 after a short-lived recovery in the prior week, as re-rollers’ procurement enthusiasm had been dampened again amid thinning margins, market sources indicated.
WEEKLY SUMMARY: China steel prices dip, sales up Mar 30, 2020

China’s domestic prices of major steel products all reversed down over March 23-27, even though spot sales volume had remained high, partly as most traders still rushed to conclude more deals rather than to prop up prices amid the growing uncertainties in the global economic environment amid the worsening COVID-19 situation, Mysteel Global noted.
WEEKLY: China blast furnace capacity use on an uptrend Mar 27, 2020

Blast furnace capacity utilization rate among 247 Chinese steel mills under Mysteel’s weekly survey continued on the recovery path over March 20-26 and hit its six-week high of 76.19%, or up 0.93 percentage point on week, as steel producers had been ramping up output on steel stocks declines, according to Mysteel’s latest data.
Chinese traders’ stocks empty further, faster Mar 26, 2020

Ordinary steel inventories held by Chinese traders declined further over the period of March 20-26, thanks to continuing firm downstream demand, new data indicated. However, traders still showed some hesitation about stepping up prices for now, Mysteel Global has learned from the market.
WEEKLY: China steel FOB prices fall on global weakening Mar 24, 2020

Chinese export steel prices softened further after Beijing announced increases to export tax rebates on some steel items from March 20, but export transactions did not improve much despite the price drops, export sources tell Mysteel Global. Global steel prices fell faster and the few buyers with interest turned to cheaper products, they explained.
WEEKLY: Tangshan billet price hovers, social supply down Mar 23, 2020

Tangshan Q235 150mm square billet benchmark price, the bellwether of China’s steel market sentiment, continued to strengthen by another Yuan 30/tonne ($2.8/t) on week to Yuan 3,160/t EXW and including the 13% VAT as of March 20, and stocks at the traders in Tangshan had been down for the third consecutive week though supplies from the local steel mills had been on the rise, market sources indicated on Monday.
WEEKLY SUMMARY: China steel spot, futures prices mixed Mar 23, 2020

China’s domestic spot steel prices kept increasing over March 16-20, as the demand from the downstream industries had been steadily improving, while steel futures prices retreated on the market uncertainties amid a mix of positive and negative news, Mysteel Global noted. Rebar: China’s national average HRB400 20mm dia rebar benchmark price
China’s steel stocks at traders reach turning point Mar 19, 2020

Total inventories of the five major steel items held by Chinese traders finally entered de-stocking territory after steadily increasing for nearly three months, Mysteel Global has learned. And it was improving demand, not production cuts, that did it.
WEEKLY: China’s steel exports struggle, prices dip lower Mar 17, 2020

Chinese steel exporters are finding it increasingly hard to close deals with overseas buyers recently, market sources admit. Strong bearish sentiment exits in international steel markets as countries brace for slowing domestic economic growth, while in China the recovery in domestic sales has reduced the willingness of mills and traders to chase overseas business, Mysteel Global understands.
WEEKLY: Tangshan billet price up, demand robust Mar 17, 2020

The benchmark price in Tangshan of Q235 150mm square billet, the weathervane of China’s steel market movement, strengthened by a total of Yuan 110/t ($15.7/t) over March 9-15 to an one-month high of Yuan 3,190/t EXW and including the 13% VAT as of March 15. Robust demand from local steel re-rollers and their downstream buyers was behind the rise, sources said.
WEEKLY SUMMARY: China’s steel prices stabilize, sales up Mar 16, 2020

China’s domestic steel prices both at the physical and futures markets grew further over March 9-13, as downstream demand had been steadily recovering with the COVID-19 under the control for now, though the space for rises had been limited by the traders’ rush to offload high stocks and to mitigate pressure from tight cashflows.
WEEKLY: China’s blast furnace capacity use stays at 74% Mar 13, 2020

Blast furnace capacity utilization rate among China’s 247 steelmakers primarily using blast furnaces for ironmaking showed signs of bottoming out over March 6-12 after a five-week decline, recovering by 0.12 percentage point on week to 73.9%, as China’s domestic steel demand has been gradually returning to normal, Mysteel’s latest weekly survey released on March 13.
China’s retail steel stocks up further, but slower Mar 12, 2020

Total stocks of the five major finished steel products held by Chinese traders continued rising over the week of March 6-12, but the pace of growth slowed down from the previous week, mainly thanks to the demand recovery over the period, Mysteel Global has learned.
WEEKLY: China’s steel FOB prices dip amid pessimism Mar 10, 2020

Chinese steel export prices generally dipped over February 29-March 6 after just one-week of growth during the prior week, as global market sentiment worsened amid worries about the escalating COVID-19 virus, Mysteel’s latest survey showed.
WEEKLY: Tangshan billet price bounces on resuming demand Mar 09, 2020

Mysteel’s Tangshan Q235 150mm square billet benchmark price, a key indicator of China’s steel market sentiment, reversed up Yuan 50/tonne ($7.2/t) over the week of March 2-6 to Yuan 3,080/t EXW and including the 13% VAT, with demand picking up as local steel re-rollers resumed operations at a fast pace over the week.
WEEKLY: China blast furnace capacity use at 6-m low Mar 06, 2020

The blast furnace capacity utilization rate among 247 Chinese steel mills under Mysteel’s weekly survey refreshed its nearly six-month low since early October 2019 over the latest survey over February 28-March 5, down for the fifth week though by only a tiny 0.04 percentage point on week to 73.78%, and the steel mills were still burdened with high finished steel stocks amid sluggish demand and thin steel margins.
WEEKLY: China’s steel FOB prices see 1st rise since CNY Mar 03, 2020

Chinese steel export prices climbed last week, rebounding for the first time since the Chinese New Year (CNY) holiday break ended on February 2, with the settlement prices up $2-10/t, according to Mysteel’s data tracker.

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

Weekly Review

WEEKLY: China blast furnace capacity use recovers to 78% Apr 03, 2020

Chinese traders’ stocks slip further but more slowly Apr 02, 2020

WEEKLY: China steel FOB prices slump on falling demand Mar 31, 2020

WEEKLY: China billet price dips with section margins Mar 30, 2020

WEEKLY SUMMARY: China steel prices dip, sales up Mar 30, 2020

WEEKLY: China blast furnace capacity use on an uptrend Mar 27, 2020

Chinese traders’ stocks empty further, faster Mar 26, 2020

WEEKLY: China steel FOB prices fall on global weakening Mar 24, 2020

WEEKLY: Tangshan billet price hovers, social supply down Mar 23, 2020

WEEKLY SUMMARY: China steel spot, futures prices mixed Mar 23, 2020

China’s steel stocks at traders reach turning point Mar 19, 2020

WEEKLY: China’s steel exports struggle, prices dip lower Mar 17, 2020

WEEKLY: Tangshan billet price up, demand robust Mar 17, 2020

WEEKLY SUMMARY: China’s steel prices stabilize, sales up Mar 16, 2020

WEEKLY: China’s blast furnace capacity use stays at 74% Mar 13, 2020

China’s retail steel stocks up further, but slower Mar 12, 2020

WEEKLY: China’s steel FOB prices dip amid pessimism Mar 10, 2020

WEEKLY: Tangshan billet price bounces on resuming demand Mar 09, 2020

WEEKLY: China blast furnace capacity use at 6-m low Mar 06, 2020

WEEKLY: China’s steel FOB prices see 1st rise since CNY Mar 03, 2020

Daily Prices

Prices Summarization

FOB prices of steel products on August 6