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.
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.
Spot prices for hot-rolled coil in China dropped on Friday September 24 after futures prices fell for a second day on growing demand concerns, sources told Fastmarkets.
Domestic hot-rolled coil prices in China were largely stable but in a wider range on Wednesday September 22, even as futures prices in the ferrous complex jumped on the first trading day after a three-day holiday for the Mid-Autumn Festival.
In an effort to prevent air pollution, China is reducing its steel sector, which produces between 10 and 20 percent of its carbon emissions. Mining companies are adapting to China's new production targets. "The growing sharp decline in steel production in China in the first half of this year, as confirmed by the industry leader in China in early August," the vice president of BHP, the UK and Australia, the Australian mining giant Anglo, wrote in a note in late August on the 2021 outlook. China's pressure on global steel supply indicates that shortages of many products will continue until demand and supply stabilize after the epidemic.
According to sources, while the price of marine iron ore concentrate has fallen. But the price of pellets has been rising in the week ending Friday, September 3, on the other hand, demand has fallen due to fears of further decline in steel production in most Chinese provinces.
Spot prices for hot-rolled coil in China’s domestic market extended losses on Wednesday September 15, as weak economic data and new outbreaks of Covid-19 in the country weighed on market sentiment.
Domestic hot-rolled coil prices in China dropped on Tuesday September 14, with trading activity weakening and adverse weather constraining deliveries while sentiment deteriorated on a tumbling raw material market.
Prices for seaborne iron ore concentrate and pellets plunged in the week ended Friday September 10 due to concerns over demand for high-grade products amid mill inspections in China’s Jiangsu province.
Domestic hot-rolled coil prices in China increased further on Friday September 10, hitting their highest levels since the start of August, with the expectations of tougher curbs on production supporting market sentiment.