Friday, 21 Oct 2011
Shandong Steel announces rebar EXW price for late October based on October 10 price levels.
II grade HRB335 rebar: Down by CNY 150 per tonne
16mm to 25mm- CNY 4750 per tonne
Markup
10mm - CNY 180 per tonne
12mm - CNY 100 per tonne
14mm - CNY 50 per tonne
28mm, 32mm - CNY 80 per tonne
36mm, 40mm, 45mm - CNY 150 per tonne
50mm - CNY 200 per tonne
HRB400 rebar
Mark up over HRB335
10mm to 25mm - CNY 100 per tonne
28mm, 32mm - CNY 130 per tonne
36mm, 40mm, 45mm - CNY 230 per tonne
50mm - CNY 350 per tonne
All the prices above include VAT and take effect from October 20, 2011.
Showing posts with label China domestic steel prices. Show all posts
Showing posts with label China domestic steel prices. Show all posts
Friday, October 21, 2011
Sunday, February 27, 2011
Steel price may stop rising and turn to stability - MOFCOM
Sunday, 27 Feb 2011
According to Ministry of Commerce of China, domestic steel price gained 1.1% last week versus the previous week but social inventory of construction steel products hiked by 9.1%WoW or soaring by 44.7%MoM. It is expected that the steel price will stop moving up and tend to be flat in short period given the increasing output of steel makers.
The increasing operating rate in steel sector caused the coke price rise, with metallurgical coke in particular, seeing a lift of 2.3%. As the weather is getting warmer demand for construction steel is rallying, fueling the increase of demand for coke. Besides, the price rise of coking coal, the material of coke-making, pushed up the cost. So coke price is expected to climb up slightly.
Although steel prices have moved up slightly owing to BaoSteel and other major mills’ lifts of EXW prices as well as the rising material prices, the fact that domestic steel makers are now expanding production and their output will therefore apparently go up, will be enough to anticipate that steel price will stop rising and turn to stability in short period.
The increasing operating rate in steel sector caused the coke price rise, with metallurgical coke in particular, seeing a lift of 2.3%. As the weather is getting warmer demand for construction steel is rallying, fueling the increase of demand for coke. Besides, the price rise of coking coal, the material of coke-making, pushed up the cost. So coke price is expected to climb up slightly.
Although steel prices have moved up slightly owing to BaoSteel and other major mills’ lifts of EXW prices as well as the rising material prices, the fact that domestic steel makers are now expanding production and their output will therefore apparently go up, will be enough to anticipate that steel price will stop rising and turn to stability in short period.
(Sourced:MySteel.net)
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