China’s Major Viewpoints

29 August 2022
China’s Major Viewpoints

          About Steel: Last week, the domestic spot steel price of mainly increased, and the prices of construction steel products increased by 20-70 yuan / ton in some markets.

          The prices of medium and heavy plate increased by 10-70 yuan/ton in some markets; The market prices of hot-rolled coil increased by 40-130 yuan/ton.

          The prices of cold rolled coil increased slightly in most markets. In terms of stainless steel, the prices of 304 series stainless steel increased by 100-250 yuan/ton, the price of 201 series stainless steel increased by 100 yuan/ton, and the prices of 430 series stainless steel decreased by 50 yuan/ton in some markets.

          Recently, the domestic steel market is gradually improving. First, the policies are favorable, second, the high temperature weather is gradually eased, and third, the transaction tends to improve.

          About Raw Materials: Last week, the domestic prices of metallurgical coke, coking coal were mainly stable.

          Last week, the prices of imported iron ore increased, of which 61.5% PB fine increased by US $4.5 to US $106/ton, and the transaction volume increased slightly;

          Last week, the domestic semi-finished steel prices increased. As of last week, the Ex-work prices of billet of major steel mills in Qian'an increased by 110 yuan/ton to 3770 yuan/ton; The domestic scrap prices mixed with up and down in different markets.


Source : Steelhome

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