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.
Seaborne coking coal prices stayed largely stable in the cfr market on Monday July 12 and climbed up in the fob market because some buyers started to procure on a demand basis, sources told Fastmarkets.
China’s domestic rebar market ended the week with increased prices in both eastern and northern regions, though prices were stable on Friday July 9.
Export prices for Chinese steel plate were stable in the week to Tuesday July 6, but market participants said they could soon increase following recent gains in the futures market.
Hot-rolled coil prices increased in China’s domestic market on Tuesday July 6, following gains in futures prices, while market participants continued to digest talks of production cuts.
Domestic hot-rolled coil prices in China extended their gains on Thursday July 1, with sustained expectations of production curbs in the second half of 2021 sending HRC futures to their highest in two weeks.
China’s domestic hot-rolled coil prices dipped on Friday July 2 on retreating futures, with sentiment being subdued by a lifting of production and logistical curbs in northern China that were imposed in the past week.
Hot-rolled coil prices across China’s domestic market moved higher on Wednesday June 30, supported by futures prices that are underpinned by expectations of lower production for the rest of this year.
In recent days, China has taken a closer look at the world's iron ore markets, especially Australia's iron ore. Prices in the Australian iron ore market are currently undervalued due to their remoteness from other global markets. This was done so that the Chinese government would seize the opportunity. China has a long-term plan for iron ore.
The seaborne premium hard coking coal price stayed large stable in the cfr market because most market participants adopted a wait-and-see attitude on Tuesday June 29, market sources said, while the price of premium hard coking coal fob DBCT inched higher on buying interest.
In recent months, Metal Bulletin assessments show that Chinese steelmakers are moving to low-grade iron ore. This is clearly seen in the feed change of steel mills. The Chinese government has obscured the future of global steel trading by imposing heavy tax penalties on iron ore importers and factories using high-grade iron ore.