Steel Raw Materials Industry

Industry

Date:

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.
DAILY: China’s portside iron ore prices stay stable Apr 03, 2020

China’s prices for imported iron ore at the port and seaborne markets remained stable on April 3, with Mysteel’s PORTDEX 62% Fe iron ore fines edging lower by a small Yuan 2/wmt ($0.3/wmt) on day to Yuan 647/wmt FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe ore fines nudged down by a similarly tiny $0.2/dmt on day to reach $82.7/dmt CFR Qingdao.
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).
Brazil’s iron ore exports in March dip to 21.7 mln t Apr 03, 2020

Brazil’s global iron ore exports continued to decline last month, dipping by 390,700 tonnes or 1.8% on month to 21.7 million tonnes, the new low since last April, according to the latest statistics from Brazil’s Ministry of Industry, Foreign Trade and Services. The March total was also lower by 473,100 tonnes or 2.1% on year.
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.
BI-WEEKLY: China’s iron ore concs stocks at 15-month low Apr 03, 2020

Iron ore concentrate stocks among the 186 Chinese mining companies under Mysteel’s regular survey declined further to 3.4 million tonnes as of April 2, a new record low since January 2019 when Mysteel commenced the survey. The demand from domestic steelmakers increased when they saw that production from miners gradually recovered to a normal range from earlier lows, one survey respondent explained on Friday.
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.
Shagang further trims steel scrap buying price by $7/t Apr 03, 2020

Only two days after its previous price reduction, Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker, has trimmed another Yuan 50/tonne ($7.1/t) off its steel scrap procurement prices for deliveries starting April 3, as steel market sentiment worsened amid the growing concern on the escalation of COVID-19 spread worldwide and Chinese mills’ remaining high steel stocks and consistent scrap deliveries, market source commented Friday.
China steel mills, coke plants fighting over price again Apr 03, 2020

Steel mills and coking plants in China have fallen into yet another round of merchant coke pricing wrestling since April 1, as the leading steel mills in North and East China announced to cut their coke procurement prices by another Yuan 50/tonne ($7/t), while some coke makers retaliated with a price increase by the same degree on the same day.
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.
WEEKLY: China iron ore port stocks slip to 9.5-m low Apr 03, 2020

Imported iron ore inventories at China’s 45 major ports fell for the eighth consecutive week over March 27-April 2 to 115.3 million tonnes, or a new low since mid-July 2019, mainly because of modest declines in new shipment arrivals at and the same time the remaining high daily discharge rates, according to the Mysteel’s series of surveys.
India: 2-y EC, FC for New Mine Owners, Govt Clarifies Apr 03, 2020

New Delhi -- Companies that won the bids to own mines in the Odisha government's recently concluded mining auction, will get a two-year extension of ECs and FCs as per the earlier announcement, two senior government officials said on Wednesday.
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.
Vale looks for way to lift Brucutu mine production Apr 02, 2020

Brazilian mining giant Vale is testing short-term alternatives for tailings disposal at its 30 million tonnes/year Brucutu iron ore mine, located in its Southeastern System in Minas Gerais state, Southeast Brazil, according to the latest press release posted on Vale’s website on April 1 local time. If the alternatives prove viable, Vale may increase the Brucutu plant’s processing run rate to 80% from the present 40%, it indicated.
DAILY: China’s portside iron ore prices firm Apr 02, 2020

Mysteel’s PORTDEX 62% Fe iron ore fines rose Yuan 6/wmt ($0.8/wmt) on day to reach Yuan 649/wmt FOT Qingdao and including the 13% VAT on April 2. On Thursday, the SEADEX 62% Fe ore fines price rose $1.1/dmt on day to settle at $82.9/dmt CFR Qingdao.
SUMMARY: Impact of COVID-19 on metallurgical miners Apr 02, 2020

The fast spread of the COVID-19 in the past few weeks have forced some metallurgical mining companies to either slow down or to completely suspend their operations, as many countries where their mining sites are located have adopted the harsh measure of lockdowns to curtail the virus from infecting more citizens and to prevent their medical systems from collapses.
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 SiMn output hits 13-month low in March Apr 02, 2020

Chinese production of silicomanganese slipped continuously in March, thanks to the production restrictions domestic smelters had observed during the month, with total tonnage down 4,460 tonnes or 0.6% on month to hit a 13-month low of 765,710 tonnes, according to Mysteel’s latest monthly survey among the country’s 121 major SiMn smelters.

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

DAILY: China’s portside iron ore prices stay stable Apr 03, 2020

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

Brazil’s iron ore exports in March dip to 21.7 mln t Apr 03, 2020

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

BI-WEEKLY: China’s iron ore concs stocks at 15-month low Apr 03, 2020

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

Shagang further trims steel scrap buying price by $7/t Apr 03, 2020

China steel mills, coke plants fighting over price again Apr 03, 2020

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

WEEKLY: China iron ore port stocks slip to 9.5-m low Apr 03, 2020

India: 2-y EC, FC for New Mine Owners, Govt Clarifies 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

Vale looks for way to lift Brucutu mine production Apr 02, 2020

DAILY: China’s portside iron ore prices firm Apr 02, 2020

SUMMARY: Impact of COVID-19 on metallurgical miners Apr 02, 2020

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

China’s SiMn output hits 13-month low in March Apr 02, 2020

Daily Prices

Prices Summarization

FOB prices of steel products on August 6