BigMint is a Market Intelligence and Price Reporting firm that caters to the data and analytics requirements of businesses in the commodities sector. It publishes real time prices and information, which is impartial, independent and reliable, sourced from all industry interfaces – sellers, buyers, agents and traders. This data is filtered and passed through very stringent, calculative assessments before final prices are derived, thereby giving our clients accurate pricing.

Go to List

Chinese Domestic Steel Market Update, 20 May’19

...

Semi Finished

BigMint Bureau

660 Reads

20 May 2019, 10:27 IST

Chinese Domestic Steel Market Update, 20 May’19

Billet: Yesterday, the ex-factory price of general carbon billet in Tangshan, Changli and Qian’an was settled at RMB 3,560/MT, up RMB 10. Today's steel market is weak, with billet transactions being tepid, and the price of finished products tend to falter. Mill direct sales are passable. The ex-warehouse spot is offered at RMB 3,640/MT tax inclusive, with some transactions. The billet inventory at warehouses of Xiangyu Zhengfeng and Haiyi Hongrun is 250,400 MT, down 1,100 MT from yesterday, and down 2,900 MT from last Friday. The overall shipment of finished products is weak, and it is expected that the billet may drop by RMB10 in the afternoon.

Construction steel: The mainstream construction steel on Tangshan market dropped by RMB 20-30. The current market price of rebar HRB 400 of big specification is at RMB 3,950/MT, small specification at RMB 4,020/MT, while coiled rebar at RMB 4,050/MT. Transactions are few.

HRC: The price of hot-rolled flat sheet is stable, with 1,500 mm wide flat sheet by first-tier steel mills offered at RMB 3,890/MT, second-tier steel mills at RMB 3,880/MT, and Q 345 flat sheet at RMB 4,060/MT. Transactions are powerless.