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Mysteel review of HRC in 2016 and outlook in 2017
China steel industry walked out of unilateral declines to present upward fluctuation trend in 2H 2016, with national steel capacity elimination eyed substantial progress, which suffered notable changes between upper-and-downstream industrial chains. HRC and CRC prices posted strong upturn last year, which mainly benefited from over-supplied capacity elimination and improved downstream demand.
Mysteel survey on domestic major steel mills in Jan 2017
Mysteel has conducted investigations on 216 domestic major steel mills on Jan 4, 2017 to get informed the production of five major steel products (rebar, wire rod, HRC, CRC and medium plate).
Mysteel: Plated/Coated steel market seen to soften amid stability in January
Bullish steel market pushed up coated/plated steel prices in early December, whereas, as China's spring festival is approaching, steel traders' caution dragged down prices. In January, on the one hand, softened HRC and CRC market will not give support to plated/coated steel market. What's more, demand from downstream industry softens as some downstream industries started holiday of Chinese Spring Festival one after another. On the other hand, stockpile is at lower level and production cost is still high. To sum up, price is expected to soften in a cautious market.
Mysteel survey on China major steel mills' production costs in Dec
Mysteel has selected 103 national representative blast furnace and medium-frequency furnace production enterprises in different areas by late December 2016, making an independent survey on their production costs, meanwhile combined with steel mills' sales prices in different regions.
Mysteel: China steel exports speculated to eye a huge yearly decline in 2016
As per the latest surveyed statistics from the China Iron & Steel Association (CISA), China's key steel enterprises' accumulative profits totaled 33.146 billion yuan in the first 11 months 2016, compared with the losses of 52.91 billion yuan during the same period one year before, among which, 26 enterprises were in profit losses, covering 26.2% of the total, with profit losses of 21.884 billion yuan, reducing by 67.7% from Jan-Nov 2015. Obviously, the overall operating situation was notably improved in 2016.
Mysteel Chief Editor: Steel market to slide before hold onto steadiness in Jan
Steel market in the past year was never short of heart-stirring surprises: steel prices rocketed by over 1,000 yuan/tonne in March-April, and lost most of the gains during the following two months; while the expected golden September turned out to be silent and the expected calm market in the fourth quarter evolved into jaw-dropping shoot-ups and free-falls.
Mysteel: Annual Report on Steel Pipes - Price seen to pick up further in 2017
In the short term, a slightly decline is expected to hit some areas due to downtrend since second half of December and the upcoming China's Spring Festival. In the long term, 2017 is projected to be bullish in favor of higher pipe price as China continues to cut steel capacity.
Mysteel weekly analysis on national HRC steel mills' production situation (Dec 19, 2016)
Mysteel has conducted investigations on national major HRC steel mills on Dec 19, 2016 to get informed that both of national HRC capacity utilization and steel mills' inventory showed slight rise from last week, while steel prices still maintained upward trend amid fluctuation.

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