قیمت ضایعات فولادی در چین به ۲۴۱۷.۹ یوان در هر تن رسید و تقاضای فولادسازان افزایش یافت. تولیدکنندگان پس از توقفهای تعمیراتی به فعالیت خود ادامه دادند و بهرهبرداری از ظرفیت به ۳۹.۶۷ درصد رسید. با این حال، موجودی ضایعات فولاد به ۴.۸ میلیون تن کاهش یافته که نیاز کارخانهها را به مدت ۹.۲ روز تأمین میکند.
Prices for steel scrap imported into China remained steady on Tuesday May 18, with only limited spot market activity due to low buying interest.
In a situation where the global steel markets are enjoying huge profits and the situation in all commodity transactions is in favor of the producer. China has decided to pay attention to the indicators of sustainable development. Therefore, the country has decided to reduce steel production. This seems like a sensible decision given the country's economic backing last year.
China’s crude steel, hot metal and finished steel production continued to experience year-on-year growth in April, according to data released by the country’s National Bureau of Statistics (NBS) on Monday May 17.
Some Chinese ports have made stricter checks or have imposed extra fees on iron ore cargoes from India recently, the better to prevent the spread of the Covid-19 pandemic, market sources have told Fastmarkets.
Eastern China’s Shagang will participate in a mixed ownership reform of central China’s Anyang Iron & Steel, and the former is likely to emerge as the controlling shareholder in the latter, according to a notice released by Anyang Steel late on Thursday May 13.
China’s hot-rolled coil prices remained at their historical high on Tuesday May 11 amid stable demand, after surging up by around 600 yuan per tonne over the weekend, sources said.
China’s hot-rolled coil prices climbed further on Wednesday May 12, continuing to set new historical highs amid inventory losses, and motivating exporters to raise offers day by day.
Seaborne iron ore prices went down on Tuesday May 11 due to less market liquidity and weakened sentiment amid China’s Dalian Commodity Exchange’s risk notice, sources said.
The growth of commodity prices has continued significantly in the past few weeks. Economic, political and social reasons have contributed to the unprecedented rise in commodity prices, most notably the trade tensions between China and Australia and the weakening dollar in financial markets such as Forex. This trend seems to be continuing in the global stock market.
China’s domestic rebar prices surged on Monday May 10 and broke its historical high after the October futures contract hit the limit within ten minutes of trading.