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Specification: DC51D＋AZ (Q/BQB 425-2009) Unit: Yuan/tonne
Edited by www.Mysteel.net
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Specification: DC51D+Z、CR1、DX51D、SGCC、St01Z、St02Z、St03Z (Q/BQB 420-2009) Unit: Yuan/tonne
Edited by www.Mysteel.net
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Specification: DC01(St12) (Q/BQB 403-2009) Unit: Yuan/tonne
Edited by www.Mysteel.net
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Specification: Q235B Unit: Yuan/tonne
Edited by www.Mysteel.net
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Note: Exchange rate in April 1US$=RMB 6.3035; Exchange rate in March 1US$=RMB 6.306; price excluding17% VAT
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South Korean steel giant POSCO says its crude steel production during this year's first quarter slid by 279,000 tonnes or 3% on quarter to 9.3 million tonnes but mainly due to there being "fewer calendar days" during the period, the firm's Q1 earnings release on April 24 showed.
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Chinese domestic prices of rebar should continue tracking upward over the short term as market players envisage the robust demand for the construction steel product continuing to linger, market sources shared on April 24. But they warned that prices were unlikely to refresh last December's 74-month high anytime soon.
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Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung city, Central Taiwan, decided to roll over its rebar and scrap procurement prices for the week of April 23-27, a company official confirmed on April 24.
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Crude steel production in Japan during the fiscal year 2017 ending March 31 slipped by 0.3% on year, or the first annual decline in two years, according to the data released by the Japan Iron & Steel Federation on April 20.
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Bengang Steel Plates Company, the Shenzhen-listed arm of China's Benxi iron & Steel Group (Bengang Group), plans to produce 9.2 million tonnes of crude steel in 2018, or up 3.4% on year, according to the company's 2017 annual report released on April 20.
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Shagang Group, China's largest privately-owned steelmaker headquartered in Zhangjiagang city, East China's Jiangsu province, has decided to raise its ex-works price of rebar, the first time since March 21, up by Yuan 120/tonne ($20/t) for the sales on April 21-30, the company's latest pricing policy released on April 21 showed.
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Hesteel Company, the Shenzhen-listed arm of China's N0.2 steel mill - Hebei Iron & Steel Group, target to lift its crude steel output moderately by 1.4% from last year to 27.3 million tonnes for 2018 on its remaining confidence on China's steel market, according to its 2017 annual report released on April 20.
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The reborn specialty steelmaker located in Northeast China's Heilongjiang province, Jianlong Beiman Special Steel, is celebrating the posting of its first profit - an impressive Yuan 3.26 million ($520,110) - from its March business. The result brought an end to the monthly losses the carbon and specialty maker has been struggling with since it resumed operations last November.
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The surprise announcement late last month by Chinese Premier Li Keqiang of a one percentage point reduction in the country's value-added tax (VAT) effective May 1 is being awaited by the country's steel sector with positive anticipation, Mysteel has learned.
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Japanese integrated mills Nippon Steel and Sumitomo Metal Corp (NSSMC) and Kobe Steel have each announced plans to expand production of high-strength sheets for automotive applications at their works in Japan.
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Chinese domestic rebar prices are expected to pick up later this month after navigating some short-term volatility, according to Wan Chao, a Mysteel long steel analyst based in Shanghai. The prices should continue to firm in tandem with the recovery in downstream demand as the days warm with the arrival of spring and outdoor projects recommence.
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Anhui Hongtai Steel Co, located in Xuancheng city in Central China's Anhui province, plans to build a 128-tonne electric arc furnace and a 128-tonne refining furnace under its steel capacity swap plan, according to an April 16 announcement on the website of Anhui's provincial Commission of Economy and Information.
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China Steel Corporation (CSC), the largest integrated steelmaker in Taiwan, has begun constructing a plant in Kaohsiung to fabricate foundation facilities for offshore wind turbines. according to a company post on April 15. The steelmaker's move follows close by its selection of a Japanese-Danish joint venture to supply wind turbines for wind projects off Taiwan's west coast.
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Feng Hsin Steel, Taiwan's largest rebar producer and headquartered in Taichung city, Central Taiwan, kept its rebar and scrap procurement prices unchanged for the week of April 16-20, a company official disclosed on April 16.
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Tokyo Steel Manufacturing will keep domestic prices of all of its steel products unchanged for May contracts, the Japanese mini-mill announced Monday.
