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Steel >> Market >> Analysis & Commentary
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China's steel prices may hover at current level for further consolidation
In past week (during Sep 11-15, 2017), China steel market extended weakness amid fluctuation, along with a weekly fall of 130 yuan/tonne in Tangshan steel billet benchmark and sliding futures market. For example, national average price of rebar (HRB400 20mm) declined 39 yuan/tonne or 0.9% to go at 4,246 yuan/tonne on Friday, Sep 15th, and that of 4.75mm HRC at 4,273 yuan/tonne, off by 50 yuan/tonne or 1.2% over the same period.
[Sep 19]Restrictions on domestic iron and steel output in key regions may be tempered by limitations on demand from some end use sectors
The Air Quality Emergency Command Center of Handan city, Hebei Province, has ordered all iron and steel enterprises to suspend pelletizing shaft furnace and sintering operations from 12:00PM on 18th September 2017, due to the recent worsening of air local quality. Local weather forecasts indicate that moderate air pollution is destined to strike the prefecture-level city of Handan in Hebei Province from 18th to 19th September 2017.
Mysteel weekly survey of construction steel inventory: September 8-14, 2017
Steel price in China saw a downward fluctuation as a result of slumping future prices, weak demand, declined ex-work prices and thin transactions. Steel mills kept a positive attitude to increase supply because of profitable prices, but was limited by production restriction in winter, environmental and safety inspections, and increased overhauls. The weekly utilization rate of rebar and wire rod is expected to slide slightly this week.

China's steel prices may hover at current level for further consolidation    Sep 19 2017
Domestic HRC and CRC prices step into period for high-level consolidation    Sep 01 2017
Mills should be cautious amid seemingly bullish market    Aug 03 2017
June 2017 crude steel production    Jul 24 2017
Major Chinese steel prices unchanged despite slump in constructional steel trading volumes    Jul 19 2017
Tight market fundamentals and risk of further supply-side reforms drives major Chinese steel prices higher    Jul 18 2017
Major Chinese HRC prices remain firm as national inventories fall for fifteenth consecutive week    Jul 14 2017
Buoyancy in futures market and relatively tight market fundamentals support physical Chinese steel prices     Jul 12 2017
Weekly survey: Everything about Tangshan billet (June 19--23, 2017)    Jun 28 2017
Shanxi steel mills resume production comprehensively    Jun 16 2017
Weekly survey: Everything about Tangshan billet (June 5--9, 2017)    Jun 13 2017
Mysteel: National crude steel daily output likely to climb 1.56% in early June     Jun 12 2017
Weekly survey: Everything about Tangshan billet (May 29--June 2, 2017)    Jun 07 2017
Steel prices to see downward pressure as slack season for demand is coming    Jun 02 2017
Weekly survey: Everything about Tangshan billet (May 22--26, 2017)    Jun 01 2017
Mysteel weekly analysis on national medium plate mills' production situation (by May 26, 2017)     May 27 2017
Weekly survey: Everything about Tangshan billet (May 15--19, 2017)    May 24 2017
Mysteel weekly analysis on national medium plate mills' production situation (by May 19, 2017)    May 22 2017
China HRC market weekly comment: May 12-19, 2017    May 22 2017
Rebar steel futures prices expected to fall further    May 18 2017
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