MYSTEEL: China construction steel prices to see upturn in May

Prices of construction steel products across China may see signs of stabilizing or even achieve a rebound this month, in anticipation of domestic steelmakers' output cuts which may last for several weeks in a row, Mysteel predicted in its latest monthly report.

MYSTEEL: China rebar and rod fundamentals seen healthy in Apr

The market fundamentals for construction steel items in China comprising rebar and wire rod are likely to remain healthy this month, with demand showing some resilience while the room for output to increase will be limited, according to Mysteel's monthly report.

INFOGRAPH: China's construction steel sales rebound

China's spot sales of construction steel including rebar bounced back above the 200,000 tonnes/day threshold again on March 28, or the fourth time so far this month, according to Mysteel's data. This also marked the first time the daily transaction volume topping the threshold within half a month.

INFOGRAPH: China longs sales rise as demand improves

China's spot sales of major long steel items including rebar gained upward momentum this month as demand from end-users continued growing, sources said. March is usually regarded as a month of robust steel consumption in China, Mysteel Global notes.

INFOGRAPH: Better sentiment drives rise in rebar prices

Chinese prices for rebars in both the physical and futures markets have steadily strengthened, as expectations for a further recovery in demand have given a lift to domestic market sentiment, Mysteel Global learned.

Nippon Steel keeps H-beam prices flat for Oct spot sales

Nippon Steel, Japan's largest integrated mill and a leading H-beam producer, has decided to roll over its H-beam prices for the sixth month for October domestic spot sales, though the company said it would consider lifting prices to transfer the rise in production costs from next month.

INFOGRAPH: China construction steel prices fall on fundamentals

China's prices of construction steel have been losing ground after the country's National Day holiday (over October 1-7), largely as demand lacked major upward momentum while cost support from the raw material side waned. Moreover, market sentiment has been subdued due to the resurgence of COVID-19

INFOGRAPH: China steel trading improves on active buying

Transaction volumes of construction steel in China's physical market improved significantly this week, thanks to the active replenishment of end-users ahead of the country's coming National Day holiday over October 1-7, Mysteel Global learned.

DAILY: China's rebar price recovers slightly, sales dip

As of August 12, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment recovered slightly after sliding for three days, up Yuan 11/tonne ($1.6/t) on day to Yuan 4,286/t including the 13% VAT, while sales in the physical market eased with lackluster demand.

DAILY: China's rebar price reverses up, sales stable

As of August 8, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment reversed from the decrease over the prior two working days, up by Yuan 46/tonne ($6.8/t) from last Friday to Yuan 4,312/t including the 13% VAT.