[ Terms & Conditions ] [ Privacy Policy ] [ About Us ] [ Join Now ] [ Contact Us ] [ Member Center ] [ Chinese ] [ Research ]  
SUBSCRIBER LOGIN
SEARCH
StartDate
EndDate
Column
product
Keyword
 

Steel >> Market >> Analysis & Commentary
Latest Updates
Brief analysis on recent price hikes in China's flats steel market
Since June this year, China's flats steel prices showed reversals and kept refreshing new high records in this slack season, among which HRC led this tide of rising trend, with Shougang-made 3.75mm in Shanghai market rebounding by 740 yuan/tonne on July 19 from 3,120 yuan/tonne on June 5. So why HRC prices posted skyrocketing growth in such a short term and how long will this situation last, this article will reply.
Domestic CRC price likely to see upturns in coming August
Looking back domestic CRC prices in 1H this year, which showed a strong pulling-up trend after retreating from a high level. China's CRC prices kept falling since Feb this year, sliding by nearly 1,000 yuan/tonne from a peak point of 4,800 yuan/tonne to 3,724 yuan/tonne. As everyone believed that it was hard to see market reversals in past "Golden Mar and Silver Apr", CRC prices eyed a round of strong upbeat trend in this traditional slack season for demand.
Price spread between rebar and HRC to be further narrowed in short term
Domestic rebar prices posted stronger market performance since the end of 2016, especially in Q2 this year. Mysteel rebar price index climbed up to 3,925 in late May, presenting a six-year new high record of 560 stood in a premium to HRC, which even refreshed record to arrive at 3,938.59 on July 19 since 2015. Meanwhile, the most-active rebar futures contract on the Shanghai Futures Exchange refreshed the yearly new high record at 3,679 yuan/tonne by July 19.

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
Weekly survey: Everything about Tangshan billet (May 8--12, 2017)    May 15 2017
Mysteel: National crude steel daily output likely to slip 0.42% in early-May    May 12 2017
Weekly survey: Everything about Tangshan billet (May 1--5, 2017)    May 09 2017
Sell & Buy
·Lanthanum metal    Jul 19
·Praseodymium metal    Jul 19
·Cerium metal    Jul 13
·need stainless steel plate 304 / 316    Apr 16
·WANT TO BUY CRC, HRC AND STS COILS    Apr 13
·billet 3sp, 5sp, rebar , wire rod    Feb 10
Issue Your Inquiry>>>
 
·Need Hot rolled strip 355mm to 685mm,    Oct 14
·triangular tube    Oct 13
·need St37, St52, A516 Slab    Aug 25
·Need HR Steel coil     Aug 23
·Need Seamless steel pipe     Aug 23
·GI Wire Zinc Coated    Jul 05
more>>
About Us | Contact Us | Join Now | Events | Links | Chinese

Shanghai Ganglian E-Commerce Co., Ltd.
Business Address: 68 Yuan Feng Road, Bao Shan District, Shanghai, 200444, P.R. China

沪ICP备11008952号
  沪公网备 310113100004537

沪公网安备 31011302002269号