Special Steel Industry | Mysteel Global

Industry

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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.
MYSTEEL: China stainless stocks slip fast on rising sales Apr 03, 2020

China’s stocks of stainless steel slipped at a faster pace over the March 28-April 3 week thanks to an improvement in sales during that period, with the total inventories held by traders in Wuxi and Foshan reaching 630,750 tonnes as of April 3, down 8.4% week on week, Mysteel’s latest weekly survey showed. The rate of decline was faster than the 3.2% fall witnessed during the prior week.
China Q1 truck sales down 18% YoY, April bounce tipped Apr 03, 2020

China’s sales of heavy-duty trucks in the 14- to 100-tonnes class in this year’s first quarter decreased 18% on year to some 267,200 units, mainly due to the negative effect of the COVID-19 outbreak nationwide, according to the latest data from Commercial Vehicle World (CVWorld).
WEEKLY: bleak outlook sends SHFE rebar trending down Apr 03, 2020

The most-traded rebar contract on the Shanghai Futures Exchange for deliveries in October, closed Friday’s day-time trading session at Yuan 3,189/tonne ($456/t), lower by a large Yuan 140/t on week, Mysteel Global has learned. Participants in both the rebar’s futures and spot markets were skittish and anticipated further retreats in prices.
China Mar auto consumption index up 123%, but stays low Apr 03, 2020

China’s Vehicle Consumption Index surged 123% or by 34.7 on month to record 63 in March, but remained much lower than the benchmark of 100, due to lower consumer incomes and the public’s hesitation to spend in the wake of the COVID-19 crisis and the faltering domestic economy, according to the latest statistics of China Automobile Dealers Association (CADA) for April.
ANALYSIS: Rebar-HRC price spread to remain wide in Apr Apr 03, 2020

The price spread between rebar and hot-rolled coil (HRC) in China’s domestic market will probably remain at the present over Yuan 200/t or even enlarge this month, as downstream demand for flat has not recovered as much as that for long, market sources shared at the start of April.
DAILY: China’s rebar price slips to 35-month low Apr 03, 2020

Mysteel’s national average price for HRB400 20mm dia rebar benchmark declined further to a new low since April 28 2017 at Yuan 3,578/tonne ($505/t), including the 13% VAT as of April 2. As a result of which, the lower rebar prices stimulated trading, Mysteel Global noted.
Tata Steel Cuts Operations in India, Europe on COVID19 Apr 03, 2020

In line with the increased action taken by national governments to contain the spread of COVID-19, private sector steel behemoth Tata Steel too will be reducing operations at some of its sites, as per a company press release.
Chinese traders’ stocks slip further but more slowly Apr 02, 2020

Stocks of the five major steel items held by traders across China continued to decline over the period of March 27-April 2, though the pace of decline had slowed from the prior week as actual long-steel demand cooled slightly while flat steel products are under greater pressure, Mysteel Global has learned from the market.
China’s MCC successfully diversifies from metallurgy Apr 02, 2020

Metallurgical Corporation of China Ltd (MCC), China’s largest construction and engineering service provider, saw its business model further diversifying from the traditional metallurgical projects in 2019, as the revenue from the sector decreased to 22.5% of the total from the 25.1% for 2018, according to the company’s latest annual report released on April 1.
India: TATA Steel BSL Halts Operation Amid COVID19 Apr 02, 2020

Tata Steel BSL Ltd has announced a suspension of activities at its downstream facilities and CRM mill in Angul due to constraints arising due to COVID-19 outbreak.
MYSTEEL: China’s steel prices face growing pressure Apr 02, 2020

Chinese domestic steel prices are likely to face more downward pressure this month amid widespread pessimism around the world due to the rampant spread of COVID-19, according to Wang Jianhua, Mysteel’s senior analyst.
MYSTEEL: China’s late-Mar daily steel output grows faster Apr 01, 2020

Daily production of crude steel throughout China grew at a faster pace during the last eleven days of March, with the tonnage up another 125,100 tonnes/day or 5% from the March 11-20 period to average 2.62 million t/d over March 21-31, according to Mysteel's latest survey among 247 blast-furnace and 71 electric-arc-furnace steel producers released on April 1. Responsible for the pickup were the many domestic steel mills accelerating their pace of production amid the improving market in China.
Japan’s JFE Steel to shut BF over falling steel demand Apr 01, 2020

Japan’s second largest integrated mill, JFE Steel, has decided to halt a blast furnace in eastern Japan, cutting about 4 million tonnes/year of crude steel output, equivalent to about 13% of the mill’s total installed capacity, citing stagnating steel demand and poor business performance during the year just ended.
Hebei’s Mar steel PMI rises to 44.3 on improving market Apr 01, 2020

The Purchasing Managers’ Index (PMI) for the steel industry in North China’s Hebei province, the country’s largest steel production base, reversed up to reach 44.3 in March after the prior month’s sharp fall, mainly thanks to the sustained progress made in the battle against the COVID-19, according to the latest release by the Hebei Metallurgical Industry Association on April 1.
China extends NEV subsidy by 2 years to boost auto market Apr 01, 2020

China has decided to prolong the granting of subsidies on new-energy vehicles (NEVs) as well as the exemption of purchase tax on them by two years to 2022, according to a news video from the official website of China’s State Council broadcast late on March 31. The new policy is to stimulate automobile purchases amid the slowing national economy.
Beijing to keep driving industry revival, post-COVID-19 Apr 01, 2020

China’s central government will keep on supporting the country’s industrial recovery by clearing obstacles hindering enterprises resuming operations, expanding real demand, and securing the stability of global supply chains, according to Xin Guobin, Vice Minister of China’s Ministry of Industry and Information Technology (MIIT).
Mn Ore Price to Rise on Key Supply Regions’ Lockdown Apr 01, 2020

The Coronavirus pandemic has shut down a significant part of the Manganese ore supply when the Iron and Steel industry in China is back in operation. China is ramping up and heavily investing in infrastructure projects to boost the economic slowdown faced due to Covid-19. The major producing country South Africa is going through the 21 days lockdown and all mining operations have been suspended. Meanwhile, another major producer, Australia is going through internal lockdowns as well.
DAILY: China rebar price dips for 3rd day, tepid trade Apr 01, 2020

Mysteel’s national average HRB400 20mm dia rebar benchmark price, a crucial indicator of China’s steel market dynamics, retreated for the third consecutive working day. Rebar price decreased another Yuan 12/tonne ($1.7/t) on day to Yuan 3,611/t, including the 13% VAT, as of March 31. Overall, trading remained weak.

Pre 1 2 3 4 5 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

Industry

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

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

MYSTEEL: China stainless stocks slip fast on rising sales Apr 03, 2020

China Q1 truck sales down 18% YoY, April bounce tipped Apr 03, 2020

WEEKLY: bleak outlook sends SHFE rebar trending down Apr 03, 2020

China Mar auto consumption index up 123%, but stays low Apr 03, 2020

ANALYSIS: Rebar-HRC price spread to remain wide in Apr Apr 03, 2020

DAILY: China’s rebar price slips to 35-month low Apr 03, 2020

Tata Steel Cuts Operations in India, Europe on COVID19 Apr 03, 2020

Chinese traders’ stocks slip further but more slowly Apr 02, 2020

China’s MCC successfully diversifies from metallurgy Apr 02, 2020

India: TATA Steel BSL Halts Operation Amid COVID19 Apr 02, 2020

MYSTEEL: China’s steel prices face growing pressure Apr 02, 2020

MYSTEEL: China’s late-Mar daily steel output grows faster Apr 01, 2020

Japan’s JFE Steel to shut BF over falling steel demand Apr 01, 2020

Hebei’s Mar steel PMI rises to 44.3 on improving market Apr 01, 2020

China extends NEV subsidy by 2 years to boost auto market Apr 01, 2020

Beijing to keep driving industry revival, post-COVID-19 Apr 01, 2020

Mn Ore Price to Rise on Key Supply Regions’ Lockdown Apr 01, 2020

DAILY: China rebar price dips for 3rd day, tepid trade Apr 01, 2020

Daily Prices

Prices Summarization

FOB prices of steel products on August 6