Chinese Steel Market Highlights

Mining News Pro - Market sentiments in the Chinese steel market were bolstered by the gains in futures followed by the government’s efforts to thrust the recovery of the steel demand.

Weekly: Chinese Steel Market Highlights

Mining News Pro - This week Chinese steel prices exhibited optimistic market sentiments with improvement in steel prices amid measures taken by the government to push buying activities in both domestic and export markets. HRC and rebar export offers remained stable. Domestic billet prices gained momentum. Iron ore prices moved up amid measures adopted by the Chinese government. However, coking coal offers inched down on a weekly basis.

Chinese Steel Market Prices This Week

Mining News Pro - This week Chinese steel market showed signs of improvement with the gradual resumption of steelmakers to market post Coronavirus outbreak.

Chinese Steel Market Highlights -Week 46, 2018

Mining News Pro - This week Chinese steel prices witnessed significant drop amid volatility in futures along with bearish market sentiments prevailing in domestic market.Thus pessimistic outlook in domestic market leads to lower export offers from China.

Chinese Steel Market Highlights: Week 45, 2018

Mining News Pro - This week Chinese steel market observed decline in steel prices in domestic as well as overseas market. However spot iron ore fines price moved up on supply concerns amid rail derailments.

Chinese Steel Market Highlights - Week 43, 2018

Mining News Pro - This week Chinese steel market was consumed with mixed sentiments as nation witnessed drop in flat steel prices but hike in rebar prices over gains in domestic market.

Chinese Steel Market Highlights - Week 42, 2018

Mining News Pro - Spot iron ore fines prices moved up on weekly basis, demand for pellets remained on lower side resulting in reduction in sharp decline of USD 10.5/MT in spot pellet premium.

Chinese Steel Market Highlights - Week 41,2018

Mining News Pro - This week Chinese steel prices witness gains in domestic market post golden week holidays.However export offers continued to remain on lower side.Flat steel and rebar export offers remain steady over dull trades.Coking coal offers inch up on weekly basis.

Chinese Steel Market Highlights - Week 39, 2018

Mining News Pro - This week Chinese steel market witnessed slowdown in trades and downtrend in domestic steel prices amid bearish sentiments prevailing in domestic market ahead of National day holiday.

Chinese Steel Market Highlights - Week 38, 2018

Mining News Pro - This week Chinese steel market consumed with bearish sentiments as China’s Tangshan government released document announcing that categorized mills into four categories

Chinese Steel Market Highlights - Week 37, 2018

Mining News Pro - This week Chinese steel market was abuzz with news that winter production cuts will be in terms of emissions rather than in terms of production cuts. However no official announcement has been released yet.

Chinese Steel Market Highlights - Week 36, 2018

Mining News Pro - This week Chinese steel prices showed uptrend amid shortage of inventory in domestic market. Recent production cuts in China’s major steel making hub Tangshan city have started from 6th Sep’18 onwards. Meanwhile export offers remain largely stable over sluggish demand from overseas buyers.

Chinese Steel Market Highlights - Week 34, 2018

Mining News Pro - This week Chinese steel market was filled with bullish sentiments as steel prices depicted uptrend owing to recent production cuts announcement in Tangshan region. Thus spurt in domestic prices amid strengthening market sentiments resulted in hike in export offers from China.

Chinese Steel Market Highlights - Week 33, 2018

Mining News Pro - Chinese steel prices witnessed gains in the domestic market amid announcement of Tangshan winter production which is starting ahead of its schedule. Spot pellet premium shot up amid restrictions over emissions. Meanwhile flat steel export offers inch down this week. Rebar export offers remain unchanged

Chinese Steel Market Highlights- Week 31,2018

Mining News Pro - This week Chinese steel prices have shown uptrend in domestic market amid recent production cut announcement towards the end of year. Meanwhile export offers continued to remain steady over dull buying.

Chinese Steel Market Highlights - Week 30,2018

Mining News Pro - This week Chinese steel market was consumed with mixed sentiments as export offers continued to remain steady despite uptrend in domestic prices over upcoming production cuts announced by Chinese government.

Chinese Steel Market Highlights- Week 28, 2018

Mining News Pro - This week Chinese steel market remained abuzz with China’s top steel-making city,Tangshan in Hebei province ordering steel mills, coke producers and utilities to cut output in summer season. This resulted in sharp increase in rebar futures.

Chinese Steel Market Highlights - Week 26, 2018

Mining News - This week Chinese steel market witness bearish sentiments over dull demand and weak buying in domestic market.Meanwhile as per reports,China’s currency Yuan (RMB) has depreciated by 3% in last few days amid imposition of tariffs by USA government on Chinese exports.This lead to weakening of market sentiments in China.

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