WEEKLY: China's EAF mills ponder lifting output as profits recover
Steel production among China's electric-arc-furnace (EAF) steel mills fell further during this week as the makers reacted to their persistently negative margins, Mysteel's latest survey showed. However, the EAF mills' losses on steel sales have shrunk significantly, which should encourage some mills
Apr 19, 2024 15:15
WEEKLY: Chinese traders' stainless stocks fall 2.5% on week
Inventories of finished stainless steel at commercial warehouses in Wuxi and Foshan, China's two core stainless trading hubs, reversed down over April 12-18 after the previous week's rise, with the total tonnage declining by 25,857 tonnes or 2.5% on week to 1.02 million tonnes, according to Mysteel'
Apr 19, 2024 14:45
WEEKLY: China's rebar output picks up 3.8% WoW
Rebar production among the 137 Chinese steelmakers regularly tracked by Mysteel bounced back over April 11-17, rising by 3.8% or 79,200 tonnes on week to reach 2.18 million tonnes, the latest weekly survey showed. The tonnage was still lower by a substantial 26% than the same period last year, the
Apr 19, 2024 14:15
WEEKLY: China's iron ore port stocks grow for 17 weeks
Imported iron ore stocks at Chinese major 45 ports under Mysteel's weekly survey topped 145.6 million tonnes on April 18, after rising for 17 consecutive weeks by another 720,900 tonnes on week. Meanwhile, the volume was also 13% higher than the level a year earlier.
Apr 19, 2024 12:00
DAILY: China's coking coal market gains more strength
China's coking coal market seemed to gain more strength on April 18, as another anticipated uptick in met coke prices amid upbeat sentiment in the domestic ferrous market has stimulated higher trading interest among buyers.
Apr 19, 2024 11:50
WEEKLY: Profits continue to boost China BF production
The continuous and firm gains in Chinese steel prices during the past week saw the profit margins expanding further among domestic blast-furnace (BF) steelmakers, thereby encouraging the mills to lift their production, Mysteel's latest survey showed.
Apr 19, 2024 11:30
DAILY: China spot thermal coal buyers remain on sidelines
Chinese thermal coal buyers mostly remained on the sidelines for spot cargoes on April 18 despite prevailing optimism in the market, as there hasn't been a clear improvement in their demand for the fuel so far.
Apr 19, 2024 10:35
DAILY: China's rebar prices move higher, sales retreat
China's rebar prices continued the upward trajectory on April 18, while buyers presented a waning appetite for construction steel including rebar in the spot market on the same day.
Apr 19, 2024 10:30
DAILY: China's met coke prices gain strength from supply shortage
The trading in China's metallurgical coke market was brisk on April 18, leading to mild shortage of coke supplies as coke producers remained slack in production due to persistent losses, market sources observed. The bullish market sentiment on met coke prices thus thickened.
Apr 19, 2024 10:10
WEEKLY: Chinese mills' steel stocks decline steadily
Stocks of the five major carbon steel products held by the Chinese steel mills under Mysteel's regular survey declined for a fifth straight week over April 11-17, with the total volume down by another 6.7% on week at 5.4 million tonnes.
Apr 19, 2024 09:00
Construction steel prices: Yinchuan
Bar and wire rod export prices: FOB China
China's steel import prices: Hong Kong
Imported billet prices: CFR China
Galvanized steel pipe prices: Hangzhou