Latest Analysis on the China steel market

MONTHLY: China's alumina surplus to persist in December

China's alumina supply surplus is unlikely to ease significantly in December, as domestic output has showed little sign of large-scale curtailment, according to Mysteel's latest monthly report on the key raw material for primary aluminum smelting. Indeed, demand from the primary smelter sector remai

China's silico manganese futures fluctuate with the mainstream steel tender prices yet to be confirmed

The silico manganese price and futures both fluctuated. The raw material manganese ore and coke price remained firm which supported the cost of the silico manganese. The overall silico manganese production output remained stable due to the new production capacities have yet to produce silico mangane

China's tin prices refresh YTD highs with subdued market transactions

China's tin prices increased on December 10, breaking through the year-to-date high. The Shanghai Futures Exchange (SHFE) main contract closing price increased by 3.30% day on day to Yuan 322,630/tonne. Meanwhile, the London Metal Exchange (LME) three-month tin increased by 3.24% day on day to $40,7

MONTHLY: Margins worsen for China's BF mills in Nov

China's blast-furnace (BF) steel mills suffered deeper losses on finished steel sales in November, mainly due to price increases of some major steelmaking raw materials which lifted their production costs, according to Mysteel's latest monthly survey.

MYSTEEL: Production status of Chinese steel mills

Mysteel's exclusive monthly survey reveals key shifts in domestic steel mill, offering real-time insights into capacity utilization, restocking trends, inventory levels, profitability, and industry sentiment. Which steel mills resumed production? What's the outlook on raw material preferences and po

Lump premiums hit year-low amid elevated inventory

Lump premiums faced pressure across both seaborne and portside markets. Between November 27 and December 4, the Mysteel PORTDEX 62.5% Lump Premium fell by 21.15% to Yuan 0.383/dmtu, while the Mysteel SEADEX 62.5% Lump Premium decreased by 24.32% to $ 0.007/dmtu. Both were at the lowest point of the

Copper futures prices retreat ahead of Fed's interest rate decision

China's 1# refined copper spot prices stood at Yuan 92,306/tonne on December 9, slightly rising by Yuan 80/tonne day on day, according to Mysteel's assessment. Specifically, spot prices in Shanghai ranged between Yuan 92,160-92,790/tonne, averaging at Yuan 92,405/tonne. The 1# refined copper average

DAILY: Chinese spot alumina prices fall to three-year low

China's alumina prices extended their downtrend on December 9 across both the spot and futures markets, with the national average spot price assessed by Mysteel for metallurgical-grade alumina with a purity above 98.6% sliding further by Yuan 5/tonne ($0.7/t) on day to Yuan 2,810/t including the 13%

DAILY: China's met coke sentiment stays soft despite supply disruptions

Despite recent supply disruptions in several producing regions, sentiment in China's metallurgical coke market remained soft on December 9, indicating an overwhelming concern among market players about possible price cuts from steelmakers, Mysteel Global noted.

DAILY: Deepened pessimism drives China's thermal coal prices lower

China's spot thermal coal market continued to weaken on December 9, extending losses for more than two weeks amid a growing supply-demand imbalance, Mysteel learned.