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Features

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FEATURE-2: Beijing endeavouring to boost China economy Apr 03, 2020

Click here for part 1 of the feature How low China’s 2020 GDP growth will dip to? Before the sudden breakout of COVID-19, it was widely anticipated that China’s GDP growth would not slow down too much from the 6.1% growth achieved in 2019, may be at around 5.8-6% for 2020. The pandemic,
FEATURE-1: Beijing endeavouring to boost China economy Apr 03, 2020

China has been injecting funding via various means such as government bonds for specific use, taxation reliefs, and subsidizing rentals and others to help support and revitalize the national economy after a stalling economy since late January for almost two months during the fight against the COVID-19.
BLOG: Iron ore prices amaze or annoy many for 2020 Mar 09, 2020

Nowadays, when I am counting my blessings, I will put one in the daily list, which is that I have never ever thought of testing my market understanding by trading iron ore in the physical or paper markets myself despite having been closely monitoring the market since 2004.
FEATURE: China’s property developers in deep water Feb 21, 2020

China’s 81 property enterprises have filed for bankruptcy since the start of 2020, according to the official data from the People’s Court Announcement, as their promotional efforts including discounts have been futile in selling off their housing stocks so far when people dare not even step out of the door most of the time since the nationwide outbreak of Novel Coronavirus Pneumonia (NCP) in latest January.
FEATURE: China grants 1st batch of $142 bln special bonds Nov 29, 2019

Earlier than usual, China’s Ministry of Finance (MOF) disclosed on November 27 to grant China's local authorities a total of Yuan 1 trillion ($142.4 billion) quota for the issuance of government bonds for specific uses, which is part of efforts to stabilize the national economy in 2020, clarifying that this is just “part of the whole parcel”.
CONF: ASEAN steel capacity to hit 144 mln t/y 3-5 years Nov 26, 2019

Steel capacity in the six major ASEAN countries is projected to reach 144.2 million tonnes/year in the next three to five years should all the integrated mills under planning come on stream as planned, Yeoh Wee Jin from the South East Asia Iron and Steel Institute (SEAISI) shared at the 2019 ASEAN Iron & Steel Sustainability Forum in Jakarta of Indonesia on November 25.
CONF: ASEAN culture shines at SEAISI Jakarta conference Nov 25, 2019

I’ve never attended a regional event yet where the richness of the Asian region’s cultural elements in language and dress were more in evidence than at the ongoing 2019 ASEAN Iron & Steel Sustainability Forum in Jakarta, Indonesia, hosted by the South East Asian Iron & Steel Institute (SEAISI) on November 25.
Beijing verifying steel capacity, output across China Nov 20, 2019

China’s central government has launched a round of thorough checks to determine actual steel output and existing steel capacities in all provinces, autonomous regions and municipalities nationwide, intending to have an accurate and clear picture of the country’s steel industry when the audit is done, an official from the one of the three governing bodies in charge of the task confirmed on Wednesday.
FEATURE: MEE focuses on air quality in winter curbs Nov 12, 2019

China’s Ministry of Ecology and Environment (MEE) released two notices on its website on November 12 regarding winter restrictions in the Fenwei Plains and the Yangtze River Delta area over October 1-March 31 2020, with steel, coal and coke industries mentioned, though the focus has been on PM2.5 reduction and waste emission than any detailed and specific instructions in tackling coking, blast furnaces, and sintering.
Beijing issues latest industrial restructuring guidelines Nov 07, 2019

After a six-year hiatus, China’s National Development and Reform Committee (NDRC), the country’s top economic planning body, has released its latest industrial restructuring guidelines, effective on January 1 2020, to direct the development of all the key 48 economic sectors including new energy, coal, steel, nonferrous metals and mining. The version, posted on the Committee’s
SteelMint: Indian Steel Market Weekly Snapshot Oct 08, 2019

In week-40 (28th Sep - 5th Oct’19) Indian steel prices in secondary market continued to fall owing to lack of domestic & export inquiries. Major mills announced roll over in finished steel prices for Oct'19.
FEATURE: China’s crude steel output grows ‘uncontrollably’ Jun 21, 2019

China’s crude steel production found another burst of energy during April and May – after leaping by nearly 10% over January-March – to refresh new output highs and in turn, fuel market concerns about oversupply, according to a report in China Metallurgical News on June 19, according to a report in China Metallurgical News on June 19.
FEATURE: Relocation - boon or bane for China steelworks? Apr 29, 2019

China wants more of its steelmakers to locate at the coastal areas - not just for their health but for everyone else’s. Begun tentatively a decade ago when land was needed for special events – the 2008 Beijing Olympic Games and Expo 2010 in Shanghai, to name but two – the relocation of steelmakers from city areas to coastal regions is now a heavily-promoted industrial guidance upheld by many local and provincial governments. Less widely publicized are the merits for the involved steel mills to get to know their new neighbours.
FEATURE: China favors greener auto, white goods Apr 23, 2019

China’s National Development and Reform Commission (NDRC), the country’s top economic planning body, is formulating policies to promote nationwide consumption of eco-friendly and high intelligence auto, white goods and electronics products, according to Xinhua reports on April 18 and April 21.
FEATURE: China steel scrap prices to see moderate rise Apr 03, 2019

The continuous downward adjustment seen in China’s domestic steel scrap market over the past month is likely to continue in April as steel mills’ scrap stocks may keep rising for some time, market watchers said Wednesday. But they suggested that if the next few weeks witness a sustainable rebound in finished-steel prices, the scrap market could experience moderate rises in mid- to late-April.
BLOG: NISCO – a garden steel plant in East China Apr 02, 2019

Steel plants are supposed to be dirty, dusty and devoid of color, right? Perhaps with a few scruffy shrubs in the factory’s mandatory ‘Green Belt’? What amazed the group of 37 foreign and Chinese visitors when they strolled into the worksite of Nanjing Iron & Steel Co (NISCO) on March 29 in East China’s Nanjing, therefore, was nothing about steel at all, but all the beautiful blossoms and the peach trees bordering roads within the works and in gardens around facilities sheds.
FEATURE: China’s VAT cuts no guarantee to lower prices Mar 19, 2019

China’s decision to reduce the value-added tax on manufacturers to 13% on April 1 from the prevalent 16% may not definitely lead to lower prices of ferrous products including iron ore and steel or downstream products such as auto, market sources said on Monday and Tuesday.
FEATURE: China’s steel mills applaud possible VAT cuts Mar 07, 2019

China’s steel industry is in general excited at the news on Beijing’s mulling cutting the value-added tax (VAT) on the domestic manufacturers and small and micro enterprises to 13% from the present 16%, possibly in 2019, expecting the measure to reduce their production costs, helping them enhance their competitiveness especially in the global market, according to market sources on March 5 and 6.
FEATURE: Chinese rebar prices seen falling to 2-year low Feb 20, 2019

Shen Wenrong, chairman of Jiangsu Shagang Group, China’s largest producer of long steel products, has added his voice to those warning that after enjoying the “best year” in 2018, the country’s steel industry faces a much tougher 2019.
FEATURE: Smog warning puts China mills under scrutiny Feb 20, 2019

With severe air pollution expected to envelop large swathes of China this week and next, industries identified as major sources of pollution such as steel mills will likely come under close monitoring by local governments ready to slap emergency restrictions on production, steel sector sources warned Tuesday. But though stern official announcements and excited Chinese media reports have raised anxiety levels among affected enterprises up a few notches, steel market watchers counsel calm, maintaining that disruptions to production are unlikely to be any more severe than those the industry has already endured so far this winter.

Pre 1 2 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

Features

FEATURE-2: Beijing endeavouring to boost China economy Apr 03, 2020

FEATURE-1: Beijing endeavouring to boost China economy Apr 03, 2020

BLOG: Iron ore prices amaze or annoy many for 2020 Mar 09, 2020

FEATURE: China’s property developers in deep water Feb 21, 2020

FEATURE: China grants 1st batch of $142 bln special bonds Nov 29, 2019

CONF: ASEAN steel capacity to hit 144 mln t/y 3-5 years Nov 26, 2019

CONF: ASEAN culture shines at SEAISI Jakarta conference Nov 25, 2019

Beijing verifying steel capacity, output across China Nov 20, 2019

FEATURE: MEE focuses on air quality in winter curbs Nov 12, 2019

Beijing issues latest industrial restructuring guidelines Nov 07, 2019

SteelMint: Indian Steel Market Weekly Snapshot Oct 08, 2019

FEATURE: China’s crude steel output grows ‘uncontrollably’ Jun 21, 2019

FEATURE: Relocation - boon or bane for China steelworks? Apr 29, 2019

FEATURE: China favors greener auto, white goods Apr 23, 2019

FEATURE: China steel scrap prices to see moderate rise Apr 03, 2019

BLOG: NISCO – a garden steel plant in East China Apr 02, 2019

FEATURE: China’s VAT cuts no guarantee to lower prices Mar 19, 2019

FEATURE: China’s steel mills applaud possible VAT cuts Mar 07, 2019

FEATURE: Chinese rebar prices seen falling to 2-year low Feb 20, 2019

FEATURE: Smog warning puts China mills under scrutiny Feb 20, 2019

Daily Prices

Prices Summarization

FOB prices of steel products on August 6