-
Billet stocks at 14 trading houses under Mysteel’s weekly survey in Tangshan, North China’s Hebei province, surged to its nearly two-year high of 919,200 tonnes since April 10 2018 by February 20, as the demand from local re-rollers had remained little with many of them still shut amid the ongoing battle against the Novel Coronavirus Pneumonia (NCP) across China.
-
Weekly rebar output from China’s 137 steelmakers under Mysteel’s regular survey refreshed its five-year low over the latest survey period of February 13-19, down another 6% on week to a total of 2.48 million tonnes amid the still sluggish domestic steel demand.
-
Daily iron ore concentrates output at the 186 Chinese mining companies under Mysteel’s regular survey dip to a new record low since January 2018 when Mysteel commenced the survey, hitting 432,800 tonnes/day over February 7-20, as some large-scale independent miners in North and Northeast China have suspended operations because of Novel Coronavirus Pneumonia (NCP), Mysteel Global learnt.
-
As per data maintained with SteelMint, exports log of South Korea for the month of Jan’20 is as follows:
-
The Tangshan Q235 150mm square billet price, a barometer of the Chinese steel market vitality, strengthened further over the weekend with an improving market sentiment, gaining another Yuan 70/tonne ($10/t) from last Friday to Yuan 3,110/t as of February 23, Mysteel’s data showed.
-
As per bulk vessel line up data maintained with SteelMint, South African iron ore export shipments in Jan’20 witnessed 5% up to 6.33 MnT, against 6.04 MnT in Dec’19.
-
Iron Ore Stocks at
Major Ports in Australia and Brazil - Satellite Data
(unit: '000
tonnes)
Source: Mysteel & CRESDA
* The data updated on January 24 instead of January 27 was due to the Chinese New Year holiday on January 24-February 2.
* The latest data update has been delayed to February 24 instead of
-
Total stocks of iron ore pellet held by the 16 individual pelletizing plants across China surveyed by Mysteel last week were higher than their normal stock levels by an average of 200,000 tonnes, responses to Mysteel’s latest pellet-producer survey published on February 21 showed, an increase which respondents blamed on the severe restrictions placed on truck deliveries at a time when pellet makers were producing relatively normally. Throughout all of last year, the 16 pelletizing plants produced a total of 24.8 million tonnes of pellet, accounting for around 40% China’s pellet output.
-
Vale’s cash cost for iron ore fines dipped another $0.8/tonne on quarter over October-December, mainly due to “the lower volumes and prices of third-party purchases and favorable foreign exchange effects”, it explained in its quarterly financial report released on December 20 Brazilian time.
-
Taiwan’s top steel producer, China Steel Corp (CSC), is raising list prices of most of its major steel products by TWD 300-600/tonne ($9.9-19.7/t) from April on better expectations for the market in the coming term, according to the company’s latest pricing policy released on February 21. Some changes apply only for April, others for April-June, in line with the company’s revamped pricing strategy, Mysteel Global notes.
