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.
The Chinese government is facing a major dilemma. Environmental crises have gripped the country and become a potential risk. Reducing environmental pollution is an issue raised at the China Steel Association. The carbon trading plan will increase the cost of surplus production for some factories. With these interpretations, producers consider surplus production cost-effective.
Prices of hot-rolled coil across China’s domestic market fell sharply on Monday August 2, while futures prices tumbled after Beijing’s latest comments on carbon emissions reductions sent confusion across the markets, sources told Fastmarkets.
Prices of hot-rolled coil in China’s domestic market edged lower on Tuesday July 27 and futures prices fell due to Covid-19 concerns and stock price tumbles weighing on market sentiment, sources told Fastmarkets.
A looming potential steel export tax, and more changes in value-added tax rebates for steel exports, are keeping export trades very thin, sources told Fastmarkets.
The international iron ore market is experiencing stagnant, bargain-free days due to environmental constraints, the Chinese government's entry into production and pricing, and floods and sandstorms in China. Steelmakers prefer to use low-grade iron ore, which puts pressure on the iron concentrate market. For this reason, price drops in this area are also possible.
Domestic prices for hot-rolled coil in China cruised higher on Friday July 23 after the country’s third-largest steelmaking province announced a ceiling for its crude steel output for 2021.
Export prices for cold-rolled coil and hot-dipped galvanized coil in China increased in the week to Tuesday July 20, after domestic prices pushed up ahead of an expected drop in the country's steel output in the second half of the year, sources told Fastmarkets.
Iron ore prices fell on Wednesday July 21 due to steel production cuts in some Chinese provinces for the second half of 2021, sources said.
Hot-rolled coil prices across China’s domestic market edged lower on Friday July 16, while futures prices dropped to a one-week low following Beijing’s fresh pledge to ensure stable supply and prices for commodities.
China has resumed the dumping route, which it had abandoned for about two years, by offering cheap raw materials to its steel mills. This has created a great desire to produce in this country. Investors have hailed China's entry into the market as very real. This economic reform seems to be a win-win game for China and its steelmakers.