-
Feng Hsin Steel, Taiwan’s largest rebar producer headquartered in Taichung, Central Taiwan, has decided to roll over its rebar list price and its buying price for locally-sourced scrap for the week of July 15-19 after rises of TWD 300/tonne ($9.7/t) for both in the previous week, a company official confirmed on July 15.
-
Rio Tinto, the world’s second largest iron ore miner, posted an 8% year-on-year decline in both its iron ore output and sales from its Western Australia’s Pilbara operations over January-June, mainly due to the Tropical Cyclone Veronica over late March-early April, according to the company’s latest quarterly production report released on July 16.
-
China’s coking coal price stopped from declining and was rangebound over July 8-12, as some coke makers increased their coke procurement modestly, betting on the little likelihood of further decreases on merchant coke price, market sources shared on July 15.
-
Iron ore shipments dispatched from Australia and Brazil showed signs of recovering over July 8-14, up 1.98 million tonnes or 10% on week to 21.75 million tonnes, mainly because of the added tonnage from Australia, according to Mysteel’s latest data released on July 16.
-
China’s hot-rolled coil production climbed up further despite the persistent weak demand in the rainy days, and HRC stocks at both the traders and mills, thus, grew over July 4-10, as most of them were reluctant to give in on prices because of thin margins, Mysteel’s latest weekly survey on the market showed.
-
China’s national average price of HRB400 20mm dia rebar declined further for the fourth working day as of July 15 to Yuan 4,070/tonne ($592/t) including the 13% VAT, or down another Yuan 14/t from last Friday, while the spot sales of construction steel jumped 46.9% from July 12.
-
Offer prices of domestically produced iron ore concentrates continued to increase over July 8-12, rising by as much as Yuan 85/tonne ($12.4/t) and closely following the uptrend in imported iron ore prices, according to Mysteel’s latest weekly survey released late last Friday.
-
Production summary
Source: Rio Tinto,
released on April 16
-
Rebar output among the 137 Chinese long steelmakers Mysteel regularly tracks declined slightly over July 4-10, dipping by a tiny 0.6% on week to 3.76 million tonnes, as more of the sample mills in the survey stopped production to conduct annual maintenance on their facilities including bar rolling mills, according to Mysteel’s latest weekly production study.
-
Chinese imported iron ore prices for both port and seaborne markets increased on Monday, mainly due to renewed concerns about ore availability.
-
Steel re-rollers in Fengrun district of Tangshan city, China’s top steel production base in North China’s Hebei province, are planning to suspend operations again over July 16-31 as ordered by the local government, Mysteel learned from local sources on Monday.
-
Australian iron ore mining firms contacted by Mysteel Global Monday had received no reports of damage from the large earthquake which rattled across much of the Western Australian state on Sunday afternoon.
-
China’s domestic steel scrap market showed signs of staying firm over the week July 8-12, mainly given the low stocks of ferrous scrap among steelmakers amid the seasonal decline in scrap supply, market watchers said Monday.
-
China’s GDP achieved a 6.3% year-on-year growth for the first half of 2019 to Yuan 45.1 trillion ($6.6 trillion), which was within Beijing’s economic growth target of 6-6.5% for this year, though the Q2 GDP growth was 0.2 percentage point lower than that for Q1, according the latest release from the country’s National Bureau of Statistics (NBS) on July 15.
-
The latest data from China's National Bureau of Statistics (NBS) suggests the country could conceivably produce close to 1 billion tonnes of crude steel for the whole 2019 if the steel production kept running at nearly 10% year-on-year growth rate, though market sources dismissed the possibility.
-
China’s average capacity utilization rate in all industries nationwide remained largely unchanged during the April-June quarter at 76.4%, up 0.5 percentage point on quarter, though 0.4 percentage point lower than one year ago, according to the latest data released by China’s National Bureau of Statistics (NBS) on July 15.
-
China’s coke output grew 6.7% on year to 233.9 million tonnes over January-June, and the country’s raw coal production including thermal coal and metallurgical coal increased 2.6% on year to 1.76 billion tonnes, according to latest release by the country’s National Bureau of Statistics (NBS) on July 15.
-
China's fixed asset investment (FAI) grew by 5.8% on year to Yuan 29.9 trillion ($4.3 trillion) for January-June, up 0.2 percentage point from that for January-May, while the FAI in the property market grew 10.9% on year in H1, 0.3 percentage point lower than the first five months, according to the latest data released by China’s National Bureau of Statistics on July 15.
-
Mysteel’s Tangshan Q235 150mm square billet price, a key indicator of China’s steel market sentiment, especially for long products, increased Yuan 30/tonne ($4.4/t) on week to Yuan 3,650/t EXW and including the 13% VAT as of July 12, as supply had reduced because of the ongoing restrictions on local steel mills since late June.
-
The Tangshan Q235 150mm square billet price, a barometer of China’s steel market sentiment, especially for long steel, reversed down Yuan 30/tonne ($4.3/t) from last Friday to Yuan 3,620/t EXW and including 13% VAT as of July 14, according to Mysteel’s daily price tracker.
