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  • Chinese steel prices surge, sales up
    Chinese steel prices surge, sales up
    04.06

    The steel prices in Chinese domestic market jumped over March 29th-April 2nd, as the demand especially for long steel products had strengthened significantly with all construction works across the country now in full swing. The national HRB400E 20mm dia steel rebar price surged 203 Yuan/Ton (31 $/Ton) on week to 5,015 Yuan/Ton including the 13% VAT as of April 2nd or an over nine-year high. The trading volume of construction steel including rebar among the country's 237 traders averaged 277,595 Ton/day over March.

  • Chinese steel prices wildly fluctuate
    Chinese steel prices wildly fluctuate
    03.15

    Chinese steel market sentiment and prices were susceptible over March 8th-12th, going through a V-shaped pattern, as later last week, the intensified restrictions on the steel operations in Tangshan, North China’s Hebei province, while the spiral-up in steel demand, lent support to the domestic steel prices

  • Chinese HRC prices wobble, output steady
    Chinese HRC prices wobble, output steady
    02.02

    The prices of hot-rolled coil (HRC) in China’s physical market had been with modest volatility in the last week of January, and the spot trading slipped with the Chinese New Year (CNY) holiday coming closer, though the market sentiment has remained optimistic and output stayed stable, as the demand may revive faster than usual after the CNY, according to market sources. As of January 29th, China’s price of Q235 4.75mm HRC recovered 9 Yuan/Ton (1.4 $/Ton) on week to 4,512Yuan/Ton including the 13% VAT, while “the actual trading softened further lately, as not only traders, but also the end-users have shown very little interest in stocking up any HRC,”

  • Chinese rebar price inches up, sales slip further
    Chinese rebar price inches up, sales slip further
    01.28

    On January 27th, Chinese rebar price inched up for the second day by another 4 Yuan/Ton (0.6$/Ton) on day, while the domestic spot sales of construction steel including rebar, wire rod and bar-in-coil decreased for the fourth day though still at a 10-month low level, down another 7.1% on day.

  • China's construction steel sales at 10-month low
    China's construction steel sales at 10-month low
    01.13

    The spot sales of construction steel in China fell to an over 10-month low after three consecutive working days of decreases as the actual demand shrank in the cold winter days.

  • The HRC price of China is down after inventories surge
    The HRC price of China is down after inventories surge
    01.04

    The prices of hot-rolled steel coil (HRC) in China's physical market plunged last week amid a rebound in stocks, but the steel mills and traders are refusing further concessions on prices. The national price of Q235 4.75mm HRC lost 173 Yuan/ton (27$/ton) from December 25th to December 31st. The declines were due to seasonal factors. In winter, stocks reverse up and demand retreats.