MySteel Global – China steel export prices up further, sales up

China’s steel export prices continued to rise over the past week and transaction volume grew, mainly due to the steadily narrowing price gap with the Chinese mill competitors in the international steel market, according to Mysteel’s latest weekly survey. Over September 5-11, China’s export offering prices of SS400 4.75mm hot-rolled coil (HRC) increased by another […]

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MySteel Global – Higher costs eat up China blast furnace mills August margins

In August, China’s blast-furnace steel mills saw most of their steel margins squeezed by higher production costs especially with the multiple-year high imported iron ore prices, according to Mysteel’s latest monthly report. For rebar, the most popular long steel product in China, the average margin among the country’s 91 sampled mills plunged Yuan 43/t on month to merely Yuan 25/t on average, […]

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Zinc price to enter long term structural decline in 2021: Fitch Solutions

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Zinc prices will edge higher over the remainder of 2020, continuing a strong rebound from the lows posted during the initial covid-19 outbreak, according to Fitch Solutions’ latest industry report. Zinc prices fell by 17.3% over the first three months of 2020, but have since recovered to post new highs for the year. Three-month zinc price averaged […]

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MySteel Global – China’s Jan-Aug ’20 steel export down further by 18.6% on year

China exported 36.6 million tonnes of steel products over this year’s January-August period, according to the latest statistics of China’s General Administration of Customs (GACC) published on September 7. The decline in the eight-month total at 18.6% on year was steeper than the 17.6% on-year decline over January-July, Mysteel Global notes. In August alone, China’s […]

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MySteel Global – China steel market predicts Sept demand pickup

Domestic steel demand across China will improve this month with mills keeping production high and traders actively filling up their warehouses, believe Chinese steel market participants canvassed by Mysteel Global on September 3. September-October in China is always a busy season for steel consumption as fine weather after the rainy season, the frequent typhoons and […]

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