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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.
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.

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Steel Raw Materials Semi-Finished Steel Finished Steel Special Steel
Latest News

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

Daily Prices

Prices Summarization

Mysteel Price Curve

Rebar HRB400 20MM (Yuan/tonne)

Steel Raw Materials Semi-Finished Steel Finished Steel Special Steel Latest News

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

Daily Prices

Prices Summarization

Mysteel Price Curve

Rebar HRB400 20MM (Yuan/tonne)

Steel Raw Materials Semi-Finished Steel Finished Steel Special Steel
Latest News