Chinese steel traders' stocks decrease further

The finished steel inventories held by Chinese traders sampled by Mysteel thinned for the fifth straight week during June 2-8, falling by another 2.5% on week, the latest survey data show. Survey respondents cited enhanced trading activities for the dip after steel market sentiment had improved mode

CCMA: China's excavator sales drop 18.5% YoY in May

Chinese sales of excavators to both domestic and overseas customers during May fell by 18.5% on year to 16,809 units, according to the latest data released by China Construction Machinery Association (CCMA) on June 8.

Survey: Steel inventory at Chinese mills 2023.6.08

    Note: The survey includes rebar inventories at 137 mills, wire rod inventories at 92 mills, HRC inventories at 37 mills, CRC inventories at 29 mills and medium plate inventories at 37 mills.

Survey: Steel inventory at traders' warehouse 2023.6.08

    Note: Mysteel has started publishing the new set of data regarding traders' steel inventories since March 19 2020 to better represent the market with bigger sample sizes: Rebar and wire rod: Sample size is increased to 429 warehouses in 132 Chinese cities from the previous 215 warehouses in 35 c

Survey: Tangshan billet production cost 2023.6.08

Mysteel daily survey on Tangshan billet production cost.   (Unit: Yuan/tonne)                   Edited by Anthea Shi, shihui@mysteel.com Disclaimer: The data is provided only for market reference. Mysteel accepts no responsibilities for consequences caused by usage of the data.

Vietnam's Hoa Phat sees May steel output, sales drop on year

Hoa Phat Group (HPG), the largest steelmaking group in Vietnam, has announced on-year declines in both its steel output and sales in May, according to the Hanoi-based group's latest release.

WSA: Baowu retains world's top steelmaker title in 2022

For 2022, China Baowu Steel Group (Baowu) has been crowned the largest steelmaker globally for the third straight year in terms of crude steel production volume, according to the World Steel in Figures 2023 published by the World Steel Association (WSA) on June 7.

DAILY: China's rebar price drops, spot sales down further

China's national prices of HRB400E 20mm dia rebar under Mysteel's assessment declined after four days of rises by June 7, down by Yuan 12/tonne ($1.7/t) on day to Yuan 3,800/t including the 13% VAT, and spot sales of construction steel declined for the third day by another 2% on

India: Govt permits low-sulphur pet coke imports for steel production

DGFT allows low-sulphur pet coke blending of up to 10% in coke ovens. Sulphur level fixed at below 3% for integrated steel mills. High-quality coke to boost BF energy efficiency.

India's finished steel exports decline m-o-m in May'23: JPC

India's finished steel exports declined about 19% m-o-m to 0.693 million tonnes (mnt) in May 2023 compared with 0.855 mnt in April.