Mon Dec 12, 2011
SHANGHAI Dec 12 (Reuters) - China's Baoshan Iron & Steel will raise prices for some main steel products for January bookings, the company said on Monday, signalling that steel demand may improve at the beginning of the new year.
The company plans to keep hot-rolled coil prices flat but will raise cold-rolled coil by 100 yuan per tonne ($16) and some electro galvanized steel prices by 100-200 yuan per tonne, after it cut main steel product prices by 200-300 yuan in December from November.
The firm, also known as Baosteel, is the country's biggest listed steelmaker and its pricing is often seen as a barometer of China's steel market. ($1 = 6.3647 Chinese yuan)
(sourced Reuters)
Showing posts with label raise prices. Show all posts
Showing posts with label raise prices. Show all posts
Monday, December 12, 2011
Tuesday, September 20, 2011
Tokyo Steel lifts all product prices in October
Tue Sept20, 2011
TOKYO(Reuters) - Tokyo Steel Manufacturing Co , Japan's biggest construction steelmaker, said on Tuesday it would raise all product prices for October shipment by 3,000 to 5,000 yen ($39-65) per tonne.
It was the first time it raised product prices across the board in seven months. It cited growing demand from the construction market, including large projects in Tokyo and increased demand for quake-resistant structures. ($1 = 76.405 Japanese Yen)
(sourced Reuters)
TOKYO(Reuters) - Tokyo Steel Manufacturing Co , Japan's biggest construction steelmaker, said on Tuesday it would raise all product prices for October shipment by 3,000 to 5,000 yen ($39-65) per tonne.
It was the first time it raised product prices across the board in seven months. It cited growing demand from the construction market, including large projects in Tokyo and increased demand for quake-resistant structures. ($1 = 76.405 Japanese Yen)
(sourced Reuters)
Tuesday, August 16, 2011
China steel mills raise Sept product prices as demand picks up
Tue Aug 16, 2011
* More steel mills follow Baosteel with similar price rises
* Steel demand to stay firm on solid economy growth
* Steel inventories down 3.24 pct in July from June
* Iron ore price up 1.5 pct in July (Adds CISA monthly report)
By Ruby Lian and Jacqueline Wong
SHANGHAI, Aug 16 (Reuters) - More of China's leading steel mills have decided to raise prices of their main products for September bookings, aiming to catch up with rising spot market prices and in anticipation of stronger demand next month.
Two leading mills, Wuhan Iron & Steel Co Ltd and Beijing Shougang Co Ltd , will raise September prices for their main flat steel products in the wake of a similar move by Baoshan Iron & Steel Co Ltd (Baosteel) last Friday to take advantage of growing demand.
"Price rises by steel mills reflect climbing prices in the spot market since the end of July as steel mills received strong bookings in August. Steel prices are expected to increase next month as traders and end users need to build up stocks as demand improves," said Bill Chen, a senior trader with Hong Kong-based Smart Timing Steel Ltd.
Baosteel, the country's biggest-listed steelmaker, said last Friday that it would raise prices for hot-rolled coil by 60 yuan ($9) per tonne and cold-rolled coil prices by 120 yuan per tonne for September, in line with market expectations.
Baosteel usually sets the tone in pricing direction for the domestic steel market, followed by domestic rivals.
Wuhan Steel, the country's third-largest producer, plans to raise hot-rolled coil prices by 100 yuan per tonne and cold-rolled coil prices by 120 yuan per tonne, respectively, in line with Baosteel's increases.
Shougang will lift cold-rolled coil prices by 50 yuan per tonne, but has yet to make a decision on hot-rolled coil.
Another major mill, Angang Steel Co Ltd is expected to announce new prices later this week.
STEEL DEMAND TO REMAIN STRONG
Steel demand in China is expected to remain robust as the world's second-largest economy aims to maintain strong growth boosted by its continued investment in urbanisation and industrialisation, the China Iron & Steel Association (CISA) said on Tuesday.
"The engine driving up China's economic growth will still be powerful due to rapid investment growth, which will support steel demand in the near future," CISA said in a monthly report published on its website.
CISA also expects that China's steel exports will continue to stay relatively high, supporting steel demand.
China's economy would grow 9.2 percent in the third quarter, slightly down from the first two quarters of the year, a think tank under China's National Development and Reform Commission, the economic planning agency, said in a report.
Inventories of five main steel products - hot-rolled coil, cold-rolled coil, plate, wire rod and rebar - fell for the fourth straight month by 3.24 percent to 13.85 million tonnes in 26 major cities by end of July from the previous month.
"Large-scale construction of social housing and water conservancy as well as railway projects will continue to boost demand for construction steel products, while flat steel product mills will face growing competition as its end users including shipbuilding, auto and machinery see slower growth," CISA said.
Data from the report also showed that rebar spot prices rose 0.85 percent at end July from a month ago, wire rod price gained 1.51 percent and hot-rolled coil price rose 0.43 percent during the same period, while almost all other flat steel products fell modestly in July.
"Chinese steel mills will still face high production costs in the near future, narrowing the room for prices to fall in a large way," CISA added.
Prices of spot iron ore gained 1.5 percent in July from June, while coking coal prices jumped 2 percent from a month earlier. ($1 = 6.390 yuan)
(sourced Reuters)
* More steel mills follow Baosteel with similar price rises
* Steel demand to stay firm on solid economy growth
* Steel inventories down 3.24 pct in July from June
* Iron ore price up 1.5 pct in July (Adds CISA monthly report)
By Ruby Lian and Jacqueline Wong
SHANGHAI, Aug 16 (Reuters) - More of China's leading steel mills have decided to raise prices of their main products for September bookings, aiming to catch up with rising spot market prices and in anticipation of stronger demand next month.
Two leading mills, Wuhan Iron & Steel Co Ltd and Beijing Shougang Co Ltd , will raise September prices for their main flat steel products in the wake of a similar move by Baoshan Iron & Steel Co Ltd (Baosteel) last Friday to take advantage of growing demand.
"Price rises by steel mills reflect climbing prices in the spot market since the end of July as steel mills received strong bookings in August. Steel prices are expected to increase next month as traders and end users need to build up stocks as demand improves," said Bill Chen, a senior trader with Hong Kong-based Smart Timing Steel Ltd.
Baosteel, the country's biggest-listed steelmaker, said last Friday that it would raise prices for hot-rolled coil by 60 yuan ($9) per tonne and cold-rolled coil prices by 120 yuan per tonne for September, in line with market expectations.
Baosteel usually sets the tone in pricing direction for the domestic steel market, followed by domestic rivals.
Wuhan Steel, the country's third-largest producer, plans to raise hot-rolled coil prices by 100 yuan per tonne and cold-rolled coil prices by 120 yuan per tonne, respectively, in line with Baosteel's increases.
Shougang will lift cold-rolled coil prices by 50 yuan per tonne, but has yet to make a decision on hot-rolled coil.
Another major mill, Angang Steel Co Ltd is expected to announce new prices later this week.
STEEL DEMAND TO REMAIN STRONG
Steel demand in China is expected to remain robust as the world's second-largest economy aims to maintain strong growth boosted by its continued investment in urbanisation and industrialisation, the China Iron & Steel Association (CISA) said on Tuesday.
"The engine driving up China's economic growth will still be powerful due to rapid investment growth, which will support steel demand in the near future," CISA said in a monthly report published on its website.
CISA also expects that China's steel exports will continue to stay relatively high, supporting steel demand.
China's economy would grow 9.2 percent in the third quarter, slightly down from the first two quarters of the year, a think tank under China's National Development and Reform Commission, the economic planning agency, said in a report.
Inventories of five main steel products - hot-rolled coil, cold-rolled coil, plate, wire rod and rebar - fell for the fourth straight month by 3.24 percent to 13.85 million tonnes in 26 major cities by end of July from the previous month.
"Large-scale construction of social housing and water conservancy as well as railway projects will continue to boost demand for construction steel products, while flat steel product mills will face growing competition as its end users including shipbuilding, auto and machinery see slower growth," CISA said.
Data from the report also showed that rebar spot prices rose 0.85 percent at end July from a month ago, wire rod price gained 1.51 percent and hot-rolled coil price rose 0.43 percent during the same period, while almost all other flat steel products fell modestly in July.
"Chinese steel mills will still face high production costs in the near future, narrowing the room for prices to fall in a large way," CISA added.
Prices of spot iron ore gained 1.5 percent in July from June, while coking coal prices jumped 2 percent from a month earlier. ($1 = 6.390 yuan)
(sourced Reuters)
Wednesday, April 6, 2011
China to raise gasoline, diesel prices from Thursday
Wed April06, 2011 21:08:17 |English.news.cn
BEIJING, April 6 (Xinhua) -- China will raise the retail prices for gasoline by 500 yuan (76.34 U.S. dollars) per tonne and diesel by 400 yuan per tonne starting Thursday, the country's top economic planner said on Wednesday.
After the implementation of the increase, which is the second price rise this year, the benchmark retail price of gasoline will be raised by 0.37 yuan per liter and diesel by 0.34 yuan per liter, the National Development and Reform Commission (NDRC) said.
Due to rising international crude oil prices and mounting domestic inflation pressures, the NDRC has "properly postponed" the timing of the rise in prices and has limited the increase, the statement said.
The agency said the government would provide subsidies to farmers, fishermen and public transportation systems in cities and offer temporary subsidies to taxi drivers to offset higher prices.
The Chinese government adopted an oil pricing mechanism at the start of 2009 which allows the NDRC to adjust retail fuel prices when international crude oil prices change by more than 4 percent over 22 straight working days.
As of Tuesday, the moving average crude oil prices of Brent, Dubai and Cinta have climbed 14.31 percent since China's last fuel price rise on Feb20, according to data from www.oilgas.com.cn, an online oil and gas market monitoring service.Editor: Wang Guanqun, Xinhua
Thursday, March 10, 2011
Nippon aims to up H-beam price even as stocks up
Thu Mar 10, 2011 6:01am GMT
TOKYO, March 10 (Reuters) - Nippon Steel Corp (5401.T: Quote), the world's No.4 steelmaker, said it aims to secure another price hike on its H-beam steel to pass on surging input costs, even though sluggish sales pushed inventories higher in February.
Domestic inventories of its H-beam steel used in construction rose 8.9 percent to 174,600 tonnes at the end of February from the month before, a company official said.
"Shipments were slow in February due in part to the market's seasonal weakness, but with demand from small office and other building projects increasing, we plan to implement another price hike as soon as possible," he said.
Nippon Steel boosted the price of H-beams in February to above 80,000 yen per tonne for a third consecutive price increase, sources told Reuters.
Rival Tokyo Steel Manufacturing Co (5423.T: Quote) said last month it would raise prices of all its products in March to cover rising input costs. (Reporting by Yuko Inoue, sourced :Thomson Reuters)
TOKYO, March 10 (Reuters) - Nippon Steel Corp (5401.T: Quote), the world's No.4 steelmaker, said it aims to secure another price hike on its H-beam steel to pass on surging input costs, even though sluggish sales pushed inventories higher in February.
Domestic inventories of its H-beam steel used in construction rose 8.9 percent to 174,600 tonnes at the end of February from the month before, a company official said.
"Shipments were slow in February due in part to the market's seasonal weakness, but with demand from small office and other building projects increasing, we plan to implement another price hike as soon as possible," he said.
Nippon Steel boosted the price of H-beams in February to above 80,000 yen per tonne for a third consecutive price increase, sources told Reuters.
Rival Tokyo Steel Manufacturing Co (5423.T: Quote) said last month it would raise prices of all its products in March to cover rising input costs. (Reporting by Yuko Inoue, sourced :Thomson Reuters)
Friday, March 4, 2011
ArcelorMittal SAfrica to up product prices from April
Fri Mar 4, 2011 2:21pm GMT
JOHANNESBURG, March 4 (Reuters) - ArcelorMittal South Africa (ACLJ.J: Quote), a unit of the world's biggest steel maker (ISPA.AS: Quote), said on Friday it would raise prices for its flat and long steel products by up to 4.9 percent from the start of April.
The unit said in a statement that it would increase prices for hot rolled coil by 3.5 percent, for plate and cold rolled coil by 3.1 percent and galvanised coil by 2.83 percent.
Prices for long steel specialty products would rise by 4.9 percent, it said. (Reporting by Ruona Agbroko; editing by Jason Neely,sourced:Thomson Reuters)
Tuesday, February 15, 2011
Baosteel and Wuhan raise HR prices by USD 45 per tonne
Tuesday, 15 Feb 2011
It is reported that two of Chinese domestic giant steelmakers, Baoshan Iron & Steel and Wuhan Iron & Steel Co will raise EXW prices for HR steel for March bookings by around CNY 300 per tonne (USD 45) per tonne.
It is reported that two of Chinese domestic giant steelmakers, Baoshan Iron & Steel and Wuhan Iron & Steel Co will raise EXW prices for HR steel for March bookings by around CNY 300 per tonne (USD 45) per tonne.
Sunday, February 13, 2011
Nucor raises steel prices as demand gains and raw materials climb
Sunday, 13 Feb 2011
It is reported that Nucor Corporation has raised prices for some of its products amid demand gains and increasing raw material costs.
Charlotte North Carolina based Nucor boosted prices for plate steel for March delivery by a minimum of USD 80 a tonne.
Nucor said that plate steel sold by contract was increased by USD 65 a tonne. AK Steel Holding Corporation, the fourth biggest US based steelmaker by 2010 sales, said it is raising prices for new orders of flat rolled carbon steel products by USD 50 a tonne.
Mr Patrick McFadden a Nucor spokesman said that Nucor sees rising raw materials and incremental demand. He added that "Some level of demand occurred to allow for the increases to be implemented."
US steelmakers have raised prices and brought more production back on line as they recovered from the plunge in demand following the 2008-09 recession.
(sourced:bloomberg)
It is reported that Nucor Corporation has raised prices for some of its products amid demand gains and increasing raw material costs.
Charlotte North Carolina based Nucor boosted prices for plate steel for March delivery by a minimum of USD 80 a tonne.
Nucor said that plate steel sold by contract was increased by USD 65 a tonne. AK Steel Holding Corporation, the fourth biggest US based steelmaker by 2010 sales, said it is raising prices for new orders of flat rolled carbon steel products by USD 50 a tonne.
Mr Patrick McFadden a Nucor spokesman said that Nucor sees rising raw materials and incremental demand. He added that "Some level of demand occurred to allow for the increases to be implemented."
US steelmakers have raised prices and brought more production back on line as they recovered from the plunge in demand following the 2008-09 recession.
(sourced:bloomberg)
Friday, February 4, 2011
Qatar Steel raises steel prices - Report
Friday, 04 Feb 2011
The Peninsula reported that steel is the latest product to be costlier in Qatar, deepening fears of a general price rise.
Qatar Steel raised the prices of its steel in line with the global trend. This was the second time this year that the country's largest and reputable steel maker resorted to a price hike.
The silver lining, though, is that Qatar Steel was among the last steel makers in the region and the rest of the world to effect a price escalation, pressured by the rising rates of key raw materials worldwide.
Current steel prices range up to QAR 2,955 a tonne locally, while the rate was as recently as until the end of last year around QAR 2,600 a tonne, so the price rise works out to more than 10%.
The first time the steel maker raised the rates of its products was a little more than a month ago when the prices were jacked up to QAR 2,780 a tonne. But with the latest raise the rate has reached QAR 2,955 per tonne.
Al Sharq quoted a local authorized dealer of Qatar Steel as saying yesterday that local steel was still cheaper than in other Arab and even GCC states.
And the raise was attributed to rising prices of pellets and scrap. Pellets were available for as much as USD 730 a tonne in the international markets from an earlier USD 580 to USD 600. Similarly, scarp rates have increased up to USD 430 a tonne in the global markets. (sourced:thepeninsulaqatar.com)
The Peninsula reported that steel is the latest product to be costlier in Qatar, deepening fears of a general price rise.
Qatar Steel raised the prices of its steel in line with the global trend. This was the second time this year that the country's largest and reputable steel maker resorted to a price hike.
The silver lining, though, is that Qatar Steel was among the last steel makers in the region and the rest of the world to effect a price escalation, pressured by the rising rates of key raw materials worldwide.
Current steel prices range up to QAR 2,955 a tonne locally, while the rate was as recently as until the end of last year around QAR 2,600 a tonne, so the price rise works out to more than 10%.
The first time the steel maker raised the rates of its products was a little more than a month ago when the prices were jacked up to QAR 2,780 a tonne. But with the latest raise the rate has reached QAR 2,955 per tonne.
Al Sharq quoted a local authorized dealer of Qatar Steel as saying yesterday that local steel was still cheaper than in other Arab and even GCC states.
And the raise was attributed to rising prices of pellets and scrap. Pellets were available for as much as USD 730 a tonne in the international markets from an earlier USD 580 to USD 600. Similarly, scarp rates have increased up to USD 430 a tonne in the global markets. (sourced:thepeninsulaqatar.com)
Thursday, January 27, 2011
HBIS to hike EXW price for Feb by CNY 100 to 150 per tonne
Thursday, 27 Jan 2011
It is reported that Hebei Iron & Steel Group raise its February ex-works prices of most construction steel products and plate products by CNY 100 per tonne to CNY 150 tonne.
All price changes listed below are EXCLUSIVE of 17% VAT except stated otherwise, and will come into force as of the date of issuance.
1. Hard wire rod
Feb prices up CNY 100 per tonne from January level45 to 60#hard wire rod is priced at CNY 4800 per tonne
2. Welded rodFeb prices up CNY 100 per tonne from January levelH08AE welded rod and ER50S-6 welded wire are offered at CNY 4850 per tonne and CNY 5150 per tonne;
3. B-SteelFebruary prices up CNY 100 per tonne from January level77B-steel and 82B-steel are both posted at CNY 4900tonne
4. PC-steelFeb prices up CNY 100 per ton from January level30MnSiPC-steel goes at CNY 4850 per tonne.
5. High speed wire rod
Products made by Tangsteel, Xuangang, ChenggangFebruary prices up CNY 100 per tonne from January levelHPB235 high speed wire rod with diameter 6.5mm was priced at CNY 4,750 per tonneProducts made by HandansteelHPB235 high speed wire rod with diameter 6.5mm was priced at CNY 4800tonne
6. RebarProducts made by Tangsteel, Xuangang, Chenggang,February prices up CNY 150 per tonne from January level;HRB335 high speed wire rod with diameter 18mm to 25mm was offered at CNY 4,770 per tonne;Products made by Handansteel,
HRB335 high speed wire rod with diameter 18mm to 25mm was offered at CNY 4,750tonne;
7. Spiral steelProducts made by Tangsteel, Xuangang, Chenggang;February prices up CNY 100 per ton from January level;HRB400 spiral steel with diameter 8mm to 12mm is posted at CNY 4,900 per tonne;Products made by Handansteel;HRB400 spiral steel with diameter 8mm to 12mm was posted at CNY 5,000 per tonne
8. Medium plateFebruary prices up CNY 100 per tonne from January levelMedium plate Q235 with diameter 14mm to 20mm is offered at CNY 4900 per tonne
9. HRCFebruary prices up CNY 100 per tonne from January level;HRC Q235 with diameter 5.5mm is priced at CNY 4850 per tonne;
10. CRCFeb prices up CNY 100 per tonne from January level;SPCC with diameter 1.0mm is priced at CNY 5600 per tonne
11. Cold hard coilFeb prices up CNY 100 per tonne from January level;SPCC with diameter 1.0mm is offered at CNY 5150 per tonne
12. CR galvanizedFebruary prices up CNY 100 per tonne from January level;SGCC with diameter 1.0mm is priced at CNY 5700 per tonne.
(Sourced from MySteel.net) Visit www.Mysteel.net for real time access to China steel news!
It is reported that Hebei Iron & Steel Group raise its February ex-works prices of most construction steel products and plate products by CNY 100 per tonne to CNY 150 tonne.
All price changes listed below are EXCLUSIVE of 17% VAT except stated otherwise, and will come into force as of the date of issuance.
1. Hard wire rod
Feb prices up CNY 100 per tonne from January level45 to 60#hard wire rod is priced at CNY 4800 per tonne
2. Welded rodFeb prices up CNY 100 per tonne from January levelH08AE welded rod and ER50S-6 welded wire are offered at CNY 4850 per tonne and CNY 5150 per tonne;
3. B-SteelFebruary prices up CNY 100 per tonne from January level77B-steel and 82B-steel are both posted at CNY 4900tonne
4. PC-steelFeb prices up CNY 100 per ton from January level30MnSiPC-steel goes at CNY 4850 per tonne.
5. High speed wire rod
Products made by Tangsteel, Xuangang, ChenggangFebruary prices up CNY 100 per tonne from January levelHPB235 high speed wire rod with diameter 6.5mm was priced at CNY 4,750 per tonneProducts made by HandansteelHPB235 high speed wire rod with diameter 6.5mm was priced at CNY 4800tonne
6. RebarProducts made by Tangsteel, Xuangang, Chenggang,February prices up CNY 150 per tonne from January level;HRB335 high speed wire rod with diameter 18mm to 25mm was offered at CNY 4,770 per tonne;Products made by Handansteel,
HRB335 high speed wire rod with diameter 18mm to 25mm was offered at CNY 4,750tonne;
7. Spiral steelProducts made by Tangsteel, Xuangang, Chenggang;February prices up CNY 100 per ton from January level;HRB400 spiral steel with diameter 8mm to 12mm is posted at CNY 4,900 per tonne;Products made by Handansteel;HRB400 spiral steel with diameter 8mm to 12mm was posted at CNY 5,000 per tonne
8. Medium plateFebruary prices up CNY 100 per tonne from January levelMedium plate Q235 with diameter 14mm to 20mm is offered at CNY 4900 per tonne
9. HRCFebruary prices up CNY 100 per tonne from January level;HRC Q235 with diameter 5.5mm is priced at CNY 4850 per tonne;
10. CRCFeb prices up CNY 100 per tonne from January level;SPCC with diameter 1.0mm is priced at CNY 5600 per tonne
11. Cold hard coilFeb prices up CNY 100 per tonne from January level;SPCC with diameter 1.0mm is offered at CNY 5150 per tonne
12. CR galvanizedFebruary prices up CNY 100 per tonne from January level;SGCC with diameter 1.0mm is priced at CNY 5700 per tonne.
(Sourced from MySteel.net) Visit www.Mysteel.net for real time access to China steel news!
Saturday, January 15, 2011
ArcelorMittal SA to hike steel prices by 5pct
January 14, 2011
Steel market: ArcelorMittal South Africa surged the most in six months after saying it will increase prices next month.
Bloomberg reported that ArcelorMittal South Africa surged the most in six months after saying it will increase prices next month.
The company will raise prices by an average of 5% for deliveries from February 1st 2011
Source: Bloomberg
Steel market: ArcelorMittal South Africa surged the most in six months after saying it will increase prices next month.
Bloomberg reported that ArcelorMittal South Africa surged the most in six months after saying it will increase prices next month.
The company will raise prices by an average of 5% for deliveries from February 1st 2011
Source: Bloomberg
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