Latest Analysis on the China steel market

DAILY: China's seaborne iron ore index dips largely amid fresh trades

The seaborne index decreased on Monday, August 3. The Mysteel SEADEX 61% Fines decreased by 1.48% or $1.40/dmt to $93.25/dmt, while the corresponding 62% Low Alumina Fines index decreased by 1.44% or $1.45/dmt to $99.50/dmt. Both indices are based on CFR Qingdao.

WEEKLY: Tangshan billet prices lose more ground on week

Billet prices in Tangshan in North China's Hebei province dropped further on week during July 27-August 2, with Mysteel assessing the price of Q235 150mm square billet in the city at Yuan 2,920/tonne ($432/t) EXW and including the 13% VAT on August 2, down by Yuan 40/t on week.

WEEKLY: China's HRC output contracts yet prices drop further

Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel shrank by 93,600 tonnes or 3.1% on week to 2.93 million tonnes during July 23-29, as widening margin losses and lackluster demand prompted more steel mills to halt production for maintenance, Mysteel Glob

WEEKLY: China's thermal coal prices steady as tight supply offsets weak demand

China's thermal coal market remained rangebound during the week of July 2731, with tightening supply largely neutralizing soft demand to keep the market in equilibrium.

WEEKLY: China's SiMn prices recovers, output eases again

China's silicomanganese (SiMn) prices recovered slightly during the week of July 27-31, with the national price of 6517 SiMn under Mysteel's assessment reaching Yuan 5,591/tonne ($828/t) including the 13% VAT on July 31, rising by Yuan 24/t from one week before.

WEEKLY: Declines in China's import iron ore prices continue

Chinese prices for imported iron ore fell further during July 27-31, as underlying fundamentals remained weak while bearish sentiment prevailed, according to Mysteel's latest weekly report.

WEEKLY: China ferrous scrap prices soften again

Chinese prices of steel scrap retreated during the past week in parallel with the weakening prices of finished steel products, Mysteel's latest survey showed. Scrap demand among domestic steelmakers remained resilient, however.

WEEKLY: Wuxi stainless CRC prices mixed, 300-series down

Spot prices of stainless cold-rolled coil (CRC) in Wuxi, East China's major stainless trading hub, showed diverging trends last week, with 300-series prices falling with softening futures, while 200- and 400-series largely held stable, according to Mysteel's survey results.

WEEKLY: China miners' iron ore output, stocks both fall

After a marginal rebound in the previous week, production of iron ore concentrates among Chinese mining companies dropped again in the past week due to increased maintenance works at mines, Mysteel's latest survey showed.

DAILY: China's coking coal futures slump as pressure remains

China's coking coal futures slumped on July 31, as near-term expectations weakened amid ongoing downstream production cuts and softer raw material demand from end-users. Market sentiment also took a hit from signs of recovering supply, with another mine in Qinyuan county, North China's Shanxi provin