News
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The latest steel market supply and demand situation
On the supply side, according to the survey, the output of large-variety steel products this Friday was 8,909,100 tons, a week-on-week decrease of 61,600 tons. Among them, the output of rebar and wire rod was 2.7721 million tons and 1.3489 million tons, an increase of 50,400 tons and 54,300 tons ...Read more -
China’s steel export prices stabilize, exports may pick up in the first quarter of 22
It is understood that, affected by the rebound in China’s domestic trade prices, China’s steel export prices have begun to stop falling. At present, the tradeable price of hot coils in China is around US$770-780/ton, a slight drop of US$10/ton from last week. From the perspective of i...Read more -
Steel prices fluctuated in multiple games in December
Looking back at the steel market in November, as of the 26th, it still showed a sustained and sharp decline. The composite steel price index fell by 583 points, and the prices of thread and wire rod fell by 520 and 527 points respectively. Prices fell by 556, 625, and 705 points respectively. Dur...Read more -
A total of 16 blast furnaces in 12 steel mills are expected to resume production within December
According to the survey, a total of 16 blast furnaces in 12 steel mills are expected to resume production in December (mainly in the middle and late ten days), and it is estimated that the average daily output of molten iron will increase by about 37,000 tons. Affected by the heating season and t...Read more -
Steel prices are expected to rebound at the end of the year, but it is difficult to reverse
In recent days, the steel market has bottomed out. On November 20th, after the price of billet in Tangshan, Hebei, rebounded by 50 yuan/ton, the prices of local strip steel, medium and heavy plates and other varieties all rose to a certain extent, and the prices of construction steel and cold and...Read more -
Hunan construction steel continues to rise this week, inventory fell by 7.88%
【Market Summary】 On November 25, the price of construction steel in Hunan increased by 40 yuan/ton, of which the mainstream transaction price of rebar in Changsha was 4780 yuan/ton. This week, inventory fell by 7.88% month-on-month, resources are highly concentrated, and merchants have a strong...Read more