July 23, 2024 | Brussels, Belgium

In the week of 8 July-12 July, China's steel price index fell again after a small repair in the previous week and hit a new low since the beginning of the year. The long steel price index and plate price index both declined.

In June, China's steel market operated weakly and steel prices continued to fall. Take Shanghai market as an example, in June, the price of cold rolled steel plate fell by RMB150/tonne, the price of hot rolled steel coil fell by RMB80/tonne, the price of mediu...

China Iron and Steel Industry Association Market Research Department In the first half of July, the social inventory of 5 major varieties of steel in 21 cities was 10.51 million tonnes, an increase of 100,000 tonnes over the same period last year, up 1.0%, th...

In mid-July, LISHENGDA company sent four business people to visit three steel factories in Shandong, China.

Into July, under the influence of the off-season effect, China's steel market rebar consumption strength is not high, and the improvement momentum is not strong. The author believes that rebar demand will see a new low at the end of July - early August and the...

China's cold and hot rolled coil market showed a slight downward trend in the past June, with weak demand and lower steel prices.

China Iron and Steel Industry Association Market Research DepartmentIn late June, the social inventory of 5 major varieties of steel in 21 cities was 10.41 million tonnes, a decrease of 20,000 tonnes, down 0.2%, with little fluctuation in inventory; a decrease...

China Iron and Steel Industry Association Market Research DepartmentIn May, China exported 9.631 million tonnes of steel, an increase of 407,000 tonnes from a year earlier, and an increase of 1.275 million tonnes year-on-year; the average unit price of exports...

Review June, China's steel market out of the shock downward trend, with almost no rebound. Into July, the steel market fundamentals, although there is still downward pressure, but there is also a certain rebound momentum. Steel market fundamentals game or inte...