Steel Market Report

[Construction Steel] The market price of building materials stopped falling and rebounded on the 19th. The average price of rebar in major cities was 5799 yuan/ton, down 10 yuan/ton from the previous trading day. The snails rose sharply. The closing price of the main contract was RMB 5546/ton, which was RMB 122/ton higher than the settlement pri...

Electricity Restrictions May Be Suspended, And Price Volatility Becomes Stronger

1. On weekends, the price of plain carbon billet in Tangshan, Hebei fell by 50 yuan. 2. Baosteel Co., Ltd. went to Shiheng Special Steel, Jianlong Group and Puyang Iron and Steel to carry out benchmarking exchanges. 3. Coal Transportation and Marketing Association: The supply and demand situation of the coal market will gradually improve. 4. The...

Steel production cuts affect revenue, listed steel companies’ earnings growth slowed in the third quarter

As of October 13th, 8 listed steel companies including Shougang and Shagang have issued performance forecasts for the first three quarters. Judging from the forecast situation, in the first three quarters of this year, benefiting from the improvement of the industry’s prosperity, the profitability of listed steel companies is still at a hi...

Steel Price Index Trend Warning Report Information

This week (September 22-September 24), the steel index closed at 6,090 yuan/ton, up 160 yuan on a week-on-week basis. According to information monitoring data, as of September 24, the average price of 25mm grade 3 rebar in 61 major markets across the country was 5872 yuan/ton, an increase of 131 yuan/ton on a week-on-week basis; the high-line HP...

Export Tax Rebate Is Cancelled For 5 Months: Why Is Steel Export Still So High This Year?

According to the latest statistics of the General Administration of Customs from Economic Observer Network reporter Li Zichen, in August 2021, China exported 5.053 million tons of steel, a year-on-year increase of 37.3%. Despite a month-on-month decrease of 10.9%, the cumulative export of steel products from January to August was 48.104 million ...

Interpretation Of Northeast Power Rationing: The Root Cause Is The Lack Of Capacity Required For Low-Carbon Transformation

In late September, many cities in Northeast China successively switched off and limited power, and even residents’ power consumption was affected, which aroused widespread concern of the society. In this regard, the national development and Reform Commission stressed the need to “stick to the bottom line of energy consumption and sup...

Steel Industry Research Weekly: After The National Day, The Steel Plate Has A Good Start

Based on the statistics of the rise and fall of the steel plate on the first day and the first week after the National Day in the 21 years from 2000 to now, it is found that: On the first day after the national day, the probability of steel plate rising was 61.90%, with an average increase of 0.35%; Over the same period, the rise probability of ...

Steel Export Increment

  1.General Administration of Customs Data   According to customs statistics, China’s steel export volume in August was 5.053 million tons, a year-on-year increase of 1.375 million tons, an increase of 37.4%; 616000 tons less than last month; The import volume was 1063000 tons, a year-on-year decrease of 1177000 tons, a decrease ...