Spot prices for hot-rolled coil in China fell further on Wednesday October 27, with the coal-led broad-based decline in the futures markets resuming following the state planner’s latest attempt at cooling coal prices.
Chinese domestic rebar prices continued to rise on Monday October 11 after steel mills increased their list prices, but market participants remain pessimistic about demand and prices for the rest of October.
Iron ore prices increased on Monday October 11, with active trading continuing at ports in China following on from the end of the week-long National Day holiday on Friday, sources told Fastmarkets.
Import prices for cargoes of steel billet to China were unchanged on Friday October 8, but a growing sense of bullishness from the sell-side was reflected in offer prices, sources have told Fastmarkets.
Iron ore prices were mostly stable on Tuesday, October 5, and there was low liquidity in the physical and futures markets during the Chinese holiday. Estimates show that closing markets is the most important factor in lowering prices and reducing the likelihood of buying.
China is doing its best to ensure sufficient capacity to meet the needs of heavy industry. China is stepping up its efforts to ensure adequate electricity for heavy industry due to electricity constraints in various parts of the country. China's Development and Reform Commission has put measures on the agenda.
In recent years, the global steel market has become a multidimensional and complex market with many uncertainties. Important factors play a role in this market. China has been a leader in global steel market change and policy in recent years. In recent years, the country's economic and political movements have greatly influenced the global steel market.
Reduce greenhouse gas emissions next winter. China's control of the pollution index looks set to tighten in the future.
China's economic structure has changed significantly in recent months. China's industrial growth does not seem to have gone as far as politicians thought it would. The rapid growth of China's energy-producing industries has created the conditions for power shortages in the country and restrictions on these industries by the government. This creates the conditions for a decline in metal production and, of course, a decline in the consumption of raw materials. The energy crisis in East Asia by the end of 2021 seems to be a major challenge.
Spot prices for hot-rolled coil in China moved within a tight range on Thursday September 30 on thin trading ahead of a week-long holiday to mark the country’s National Day.
Spot prices for hot-rolled coil in China gained some strength on Tuesday September 28, with futures rising for a second day amid a drop in production due to a power crunch in the country.