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Unlike their peers in elsewhere of China, steel mills in East China’s Shandong province have shown little concern about any affection from the latest round of environmental protection inspections inside the province since mid-August, as they have met all the related requirements, market sources agreed on Thursday.
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China’s property market, a major downstream user of steel products with longs in particular, is expected to continue to lend support to the domestic steel market with its rebound in July, market sources shared on August 15.
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Jiangsu province in East China has pledged to upgrade and transform the local steel industry and thus meet its target of eliminating 17.5 million tonnes/year of iron and steelmaking capacity during 2016-2020, according to a newly-released local government document seen by Mysteel.
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Note: 1. Data are expressed in US dollars per tonne unless stated otherwise.
2. Delivery date is 30days.
3. All prices are based on bulk production (GB excluded) with a minimum of 500 tonnes.
Please direct your enquiries to us at wangyi@mysteel.com.
Disclaimer: The data is provided only for market reference and Mysteel takes
-
Note: 1. Data are expressed in US dollars per tonne unless stated otherwise.
2. Delivery date is 30days.
3. All prices are based on bulk production (GB excluded) with a minimum of 500 tonnes.
Please direct your enquiries to us at wangyi@mysteel.com.
Disclaimer: The data is provided only for market reference and Mysteel
-
Note: 1. Data are expressed in US dollars per tonne unless stated otherwise.
2. Delivery date is 30days.
3. All prices are based on bulk production (GB excluded) with a minimum of 500 tonnes.
Please direct your enquiries to us at wangyi@mysteel.com.
Disclaimer: The data is provided only for market reference and Mysteel
-
Note: 1. Data are expressed in US dollars per tonne unless stated otherwise.
2. Delivery date is 30days.
3. All prices are based on bulk production (GB excluded) with a minimum of 500 tonnes.
Please direct your enquiries to us at wangyi@mysteel.com.
Disclaimer: The data is provided only for market reference and Mysteel
-
Note: 1. Data are expressed in US dollars per tonne unless stated otherwise.
2. Delivery date is 30days.
3. All prices are based on bulk production (GB excluded) with a minimum of 500 tonnes.
Please direct your enquiries to us at wangyi@mysteel.com.
Disclaimer: The data is provided only for market reference and Mysteel
-
Note: 1. Data are expressed in US dollars per tonne unless stated otherwise.
2. Delivery date is 30days.
3. All prices are based on bulk production (GB excluded) with a minimum of 500 tonnes.
Please direct your enquiries to us at wangyi@mysteel.com.
Disclaimer: The data is provided only for market reference and Mysteel
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China’s fixed asset investment (excluding rural households) grew by 5.5% on year to Yuan 35.6 trillion ($5.2 trillion) over January to July, according to the latest data released by China’s National Bureau of Statistics on August 14. Growth in the country’s FAI was off by 0.5 percentage point from the level witnessed during January-June and was also the slowest since 1999, NBS said.
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China’s daily crude steel output last month failed to reach the all-time-high set in June, albeit not by much, losing 2% on month to an average of 2.62 million tonnes/day, the same average recorded in May, according to the latest data released by the National Bureau of Statistics (NBS) on August 14. The June average was 2.67 million t/d.
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Mysteel’s HRB 400 20mm rebar benchmark price surged Yuan 57/tonne ($8.3/t) on day to Yuan 4,468/tonne including the 16% VAT on August 13, a new high since the beginning of 2018 as market participants were in a buoyant mood, expecting for price rises.
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China’s daily steel output declined by a small degree during the first ten days of August to an average of 2.28 million tonnes/day, Mysteel has estimated. If realized, this would represent a tiny 0.74% dip from the previous eleven days at the end of July.
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Daily crude steel output among China’s major steel mills over July 21-31 averaged 1.91 million tonnes/day, lower by 2.5% or 49,000 t/d from the average during the ten days prior, according to the latest data released by the China Iron and Steel Association (CISA) on Friday.
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Zenith Steel Group Co, headquartered in Changzhou in East China’s Jiangsu province, posted a 9.5% year-on-year decline in its crude steel output to 4.64 million tonnes over January-June, mainly because of government’s frequent restrictions on local steel mills during the period, a company official explained on Thursday.
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China exported a total of 5.88 million tonnes of finished steel products in July, the latest data released by China’s General Administration of Customs (GACC) showed on August 8.
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Steelmakers and steel re-rollers in the southern part of North China’s Hebei province are braced for further cuts to their industrial electricity supplies, despite the resumption of normal service to the region from Monday. The occasionally extensive power outages forced many local steel mills to cut output, with the crimp on supply being blamed for an 8% drop in inventories of medium plate in Handan city – the largest steelmaking hub in that part of Hebei – over the past three weeks, and a near 1% rise in prices, Mysteel notes.
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Chinese mills significantly boosted their exports of ordinary carbon steel products to Japan in the first half of 2018, new data from the Japan Iron & Steel Federation (JISF) show, with exports of long products surging by an average of 308% during the six months. In tonnage terms however, the volume from China remained small and well below shipments from South Korea, Japan’s largest steel supplier.
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The continued strong growth in sales of excavators in China last month, which were up 45% on year, took total sales over the January-July period to 131,246 units, a large 59% improvement on year, according to the latest statistics released by the China Construction Machinery Association (CCMA) on August 6. The CCMA’s survey canvasses the performance of China’s twenty-five leading excavator makers.
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Chinese prices of high-carbon ferrochrome have softened over the past several days, undermined by loosening supply amid tepid demand, with Mysteel’s price for 60% Cr content FeCr in North China’s Shanxi province dropping by Yuan 100/t ($14.7/t) on week to Yuan 7,250/tonne including 16% VAT as of August 6.
