|
|
 |
|
Viewing report
|
|
|
|
Monthly Report of China Steel and Raw Material Markets
SteelHome, Aug 2010
Monthly Report on China Construction Steel Market for August, 2010
China construction steel market rose amid fluctuation in August 2010 as steel mills pushed ahead with maintenance, the relationship between supply and demand eased slightly, raw materials price increased and steel mills hiked ex-works prices.
Government at all levels will further push ahead with energy saving and emission reduction as MIIT previously announced a list and ordered the listed enterprises to wash out obsolete capacity before the end of September. Construction steel demand is likely to keep strong since indemnificatory housing construction and post-disaster reconstruction will accelerate in September, a traditional hot consumption season. Moreover, steel mills are not enthusiastic in increasing production as most steel mills are on the brink of break-even point in view of current market price. It is predicted that China construction steel market will keep rising amid fluctuation with the bottom well above prior lows.
--------------------------------------------------------------------------------
Monthly Report on China HRC/CRC Market for August, 2010
China HRC/CRC market showed across-the-board price rise in August. Average price of 1.0mm CR plate was CNY 5301 per tonne, an increase of CNY 121 per tonne over the prior month; average price of 2.75mm and 5.75mm HRC were CNY 4420 per tonne and CNY 4288 per tonne, up CNY 28 and CNY 44 over the prior month.
Apparent steel consumption will remain high in September on HRC/CRC basis, but the growth rate may decline. Steel demand will sustain rapid rise in September. China HRC/CRC market will continue upwards trend in September.
--------------------------------------------------------------------------------
Monthly Report on China Iron Ore Market for August 2010
China iron ore price picked up entirely in August. Iron ore price in northern China leveled off after a slight rise at early of this month and dipped a little bit at the end of August. By contrast, iron ore price in southern China hiked.
Affected by national policy of energy-saving and emission reduction as well as pessimistic attitude towards future market, steel mills cut down iron concentrates after a period of inventory replenish. Iron ore price slowed down to rise.
Quotation of Indian fines (a grade of 63.5 percent) once topped US$ 157-160 per tonne but waned to US$ 152-154 per tonne (CIF) at late August.
Iron concentrates price is likely to continue the downward trend of last August at early September, however, promoted by increasing purchase from steel mills at mid of the month, it is predicted that iron concentrates price is potential to ascend in the future.
--------------------------------------------------------------------------------
Monthly Report on China Coke Market for August 2010
China ’s metallurgical coke market inched up in August on the back of stele price hike. On the increased demand, coke producers reduced the idled capacity rate. Overseas steel mills conducted facility maintenance during summer vocation, the move dragged down China 's coke export deals.
Recently China is working hard to phase out backward capacity, which as a result restricts coke capacity release. China 's steel price will spiral up in September, and steel mills will expand coke purchasing, but it is difficult for the growth rate of coke price to leap up since steel mills are still pressurized by high production cost. We expect a stable coke market in September.
Customers who bought this item also bought
Iron Ore - Global Strategic Business Report
SteelHome Monthly Report
SteelHome Annual Report on China Steel Market
The Future of Yellow Phosphorus in China
Report on Steel Industry
Steel - Global Strategic Business Report
Iron and Steel Industry in the BRIC Countries – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
Spring Steel - Global Strategic Business Report
Steel Scrap - Global Strategic Business Report
Monthly Report on China HRC/CRC Market
|
|
|
|
