Friday, 28 Jan 2011
According to survey, domestic steel prices presented three-week continuous increase with rising market transactions. By last week, domestic steel prices were up by 1%WoW including 3mm HR sheet coils, 14 I-beam and 20 1.2 welded steel pipe up by 2%, 1.8% and 1.7% respectively.
Traders and construction enterprises increased their winter-stocking, as per statistics, the social inventory of construction steel eyed a WoW increase of 6.9% by January 21 up by 23.1% from last month.
As predicted, the steel prices would be further edging up by small amounts in the later periods mainly boosted by many mills pulled up their ex-works prices.
(Sourced from MySteel.net) visit www.Mysteel.net for real time access to China steel news!
Showing posts with label Chinese domestic steel prices. Show all posts
Showing posts with label Chinese domestic steel prices. Show all posts
Friday, January 28, 2011
Saturday, January 15, 2011
Chinese domestic steel prices at 27 month high level
Saturday, 15 Jan 2011
The Chinese domestic steel prices continue to exhibit firmness as they have been on increasing trend since November beginning. The prices have crossed the last high on April 15th 2010 when CLPPI was 7285, CFPPI was at 7463 and CHISPI was at 7386.These levels were last seen in October 2008 beginning, when the prices crashed from peak in July 2008 beginning to almost half by December 2008 beginning.The Chinese Long Product Price Index CLPPI has gone up by 515 points or 7.5% whereas the Chinese Flat Products Index CFPPI went up by 546 points or 7.9%. The overall price index CHISPI has surged by 533 points or 7.7 during last 75 days.
Source:steelguru
The Chinese domestic steel prices continue to exhibit firmness as they have been on increasing trend since November beginning. The prices have crossed the last high on April 15th 2010 when CLPPI was 7285, CFPPI was at 7463 and CHISPI was at 7386.These levels were last seen in October 2008 beginning, when the prices crashed from peak in July 2008 beginning to almost half by December 2008 beginning.The Chinese Long Product Price Index CLPPI has gone up by 515 points or 7.5% whereas the Chinese Flat Products Index CFPPI went up by 546 points or 7.9%. The overall price index CHISPI has surged by 533 points or 7.7 during last 75 days.
Source:steelguru
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