NBS: China Jan-Aug Coal Ming and Washing Profit Down 30%
According to National Bureau of Statistics, during January-August in 2020, China industrial enterprises above designated size achieved operating revenue of 64.2 trillion yuan, down 2.7% on the year. Mining industry reached operating revenue of 2.40725 trillion yuan, down 10.6% from preceding year.
Operating revenue of China coal mining and washing industry posted 1.24144 trillion yuan, falling 11.2% from 2019; that of oil and gas sector was 430.05 billion yuan, down 21.2% year on year; that of ferrous metal mining and washing sector was 240 billion yuan, up 5% from prior year; that of non-ferrous metal mining and washing industry was 163.88 billion yuan, down 5.1% from last year; that of non-metal mining and washing realm was 209.74 billion yuan, dipping 2.6%; that of other mining field was 710 million yuan, slumping by 62.6% from 2019.
China Second Largest Coal Company was Born in Shanxi
A new coal giant was born in the great integration of Shanxi coal industries.
Recently, Shanxi Provincial party committee decided to recombine Shanxi Jincheng Anthracite Coal Mining Group, Jinneng Group, Datong Coal Mine Group, Luâ??an Group, Huayang New Material Tech Group and China Taiyuan Coal Transaction Center after the reform into Jinneng Holding Group Co, Ltd.
Jinneng Holding Group will become the second largest coal company in China.
According to China National Coal Association, coal output of China Energy Group was 515mn t in 2019 and that of China Coal Group was 210mn t, ranking the first and second coal companies in China respectively.
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BRIEFING (October 21, 2020): Coke and Coal
Analysis on Market and Trading Tips
Keys Points: From Monday to Tuesday, price of domestic metallurgical coke and coking coal went up amid stabilities; that of PCI and thermal coal was stable; purchase price of PCI by steel mills went up and down.
Met Coke: Several steel mills which priced in the second half of month in Southwest China accepted 50-yuan hike put forward by coking plants. Representative coking plants in Shanxi, Hebei and Shandong started the fifth round of price hike and requested a 50-yuan hike since October 20, to which steel mills did not respond yet.
Coking plants had no inventory and that at ports was also declining, making it difficult for steel mills to replenish stock.
Blast furnace operating rate of steel mills was high, indicating strong demand. Meanwhile, strict implementation of de-capacity in Shanxi boosted price as well.
By the end of October, 5.6mn t of capacity was confirmed to be exited with newly added capacity of 750,000 t. 6.2mn t of capacity in Linfen, Yuncheng and Lvliang was asked to be diminished, which needed to follow up.
It is expected that metallurgical coke price will stay at a high level for a short term.
Table 1: Price of Domestic Standard I Grade Metcoke in Spot Market (yuan per ton)
Coking Coal: Price of low-sulfur coking coal in Linfen, Shanxi rose by 20 yuan, and was stable at 1350-1370 yuan/t (bank acceptance); that of high-moisture coal increased by 20 yuan to 1360 yuan/t, total growth in September reaching 100 yuan. Price of raw coal went up by 20 yuan to 820 yuan/t, up 70 yuan in total.
Quotation of imported coal kept falling; that of I grade coking coal dropped by $19.5 to $129-130 per ton in October; that of standard I grade coking coal declined by $2.5 to $119.5-122 per ton.
Inner Mongoli s Ejin Horo Banner Sept Coal Review
Production
In September 2020, a total of 14.98mn t of raw coal was produced in Ejin Horo Banner in Inner Mongolia, falling 1.45mn t or 9% from preceding year. Shendong Coal produced 5.96mn t of raw coal, up 580,000t or 11% from 2019. Local coal mines produced 9.02mn t of raw coal, down 2.02mn tor 18% on the year.
Sales
In September, Ejin Horo Banner sold 14.74mn t of coal in total, falling 1.25mn t or 8%. Shendong Coal sold 5.96mn t, up 580,000 t or 11% from last year. Local coal mines sold 8.79mn t, down 1.83mn t or 17% from prior year.
Price
By the end of September, coal price in Ejin Horo Banner averaged 322 yuan/t, falling 16 yuan/t or 4.7% on the year. Price of lump coal was 368 yuan/t, down 5 yuan/t yet up 1.3% year on year; that of raw coal declined by 44 yuan/t or 14% to 273 yuan/t from last year; that of powdered coal increased by 13 yuan/t or 4% to 336 yuan/t from 2019.
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Shanxi Completed Coal Capacity Reduction during the 13th Five-Year Plan
Shanxi province eliminated coal capacity of 40.99 million tons in 2020 and reduced accumulated coal capacity of 156.85 million tons during the 13th Five-Year Plan, according to data released by Shanxi Energy Bureau on January 10.
Presently, coal capacity in Shanxi has been reduced to 1.35 billion tons from the previous 1.46 billion tons, and the number of coal mines in the province has been reduced to below 900 from the previous 1078.
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SteelHome Express: Shanxi Linfen Coking Coal Price Fell amid Stability during Labor Day
Price of coking coal quoted from Linfen, Shanxi province fell amid stability during Labor Day holiday.
Price of low sulfur coking coal plunged by 20-40 yuan and coking coal inventory at some coal mines was piled up. Specifically, price of coking coal from coal mine A dropped by 20 yuan to 1330-1350 yuan per ton (bank acceptance); that of coking coal from coal mine B fell by 30 yuan to 1350 yuan per ton (bank acceptance), and that of coking coal from coal mine C (Mt14) plunged by 40 yuan to 1310 yuan per ton (in cash).
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Weekly Report of China Coal Market for May 8-15, 2020
From May 8-15, prices of coal of all kinds of types in domestic market diverged. There has been a noticeable rise in prices of thermal coal in spot market. But saleable resources were scanty and the market launched a new round of price hike. In terms of producing area, prices went ups and downs, and coal mines were required to suspend production in order to welcome the approaching two sessions (the National Peopleâ??s Congress and the Chinese Peopleâ??s Political Consultative Conference respectively). Price of coking coal in spot market plunged amid stability, and will maintain its weakness in the short term. Price of thermal coal in spot market fell amid stability and prices of a minority of PCI rose but tended to drop in the future. It is expected that in the following week ended by May 22, prices of thermal coal in ports and in producing areas will rise amid stability. Price of coking coal will be weak, and that of PCI in spot market will stop falling.
Customs: China Coal and Lignite Imports 25.286 Mlnt in June, 2020, down 6.69% YoY
According to recent data released by the General Administration of Customs, China imported 25.286 million tons of coal in June 2020, a year-on-year decrease of 1.812 million tons or 6.69% and a month-on-month increase of 3.229 million tons or 14.64%.
From January to June in 2020, the country imported 173.991 million tons of coal, an increase of 12.7% year-on-year. The cumulative annualized import volume is 348.938 million tons, which is higher than the level of 299.674 million tons last year.
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Turkey Thermal Coal Imports Soared by 52.92% MoM in June, 2020
Turkey latest foreign trade statistics show that in June, Turkey thermal coal imports increased slightly from the same period last year, an increase of more than 50% from May, the second consecutive month of growth.
In June, Turkey imported a total of 2.7191 million tons of thermal coal (bituminous coal), a slight increase of 0.15% from 2.715 million tons in the same period of the previous year, and a 52.92% increase from the 1,7782 million tons in May.
In June, Turkey imported the most thermal coal from Russia, which was 1.643 million tons, a year-on-year increase of 77.92% and 182.5% month on month respectively. It imported 997,200 tons of thermal coal from Colombia, a decrease of 40.12% and 16.5% from the previous year and month respectively.
In the same month, Turkey thermal coal imports amounted to160 million dollars, a year-on-year decrease of 18.9% and a month-on-month increase of 54.9%. The average import price is estimated to be USD 58.85 per ton, a year-on-year decrease of 19.02% and a month-on-month increase of 1.3%.
SteelHome website publishes monthly report on China Steel Market, HRC, CRC, Plating/Coated Sheet, Stainless Steel, Iron Ore, Scrap, Coal, and Coke each month.
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Monthly Report on China Steel Market for April 2019
Abstract
I Review on China steel market in April 2019
II Analysis on May 2019 Market
1. Crude steel production
2. Steel export
3. Market inventory
4. Raw Materials
5. Economic indicators
6. Ample capital supply in Q1
7. Conclusion
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SteelHome Express: Price of Metcoke in Southwest China down 50 Yuan in the First Half of August
On August 10, price of metcoke of steel mills and coking plants in Southwest China decreased by 50 yuan in the first half of August. Procurement price of metcoke (C85%) of leading steel mills in Guizhou dropped by 60 yuan to 2010 yuan/t (dry basis, delivered to factories). Procurement price of metcoke (C83%) of leading steel mills in Yunnan was 2050 yuan/t (dry basis, delivered to factories). Price of metcoke in leading coking plants in Yunnan-Guizhou area declined by 50 yuan/t.
At present, ex-works price of metcoke (C85%) in Liupanshui, Guizhou was 2000 yuan/t (dry basis); prices of metcoke (C85%) and metcoke (C80%) in coking plants in Qujing were 1945 yuan/t and 1715 yuan/t (dry basis).
Link Market price of Guiyang Metcoke on Aug 10,20
Link Market price of Kunming Metcoke on Aug 10,20
SteelHome Express: Quotations of Standard I Grade Metcoke at Ports Stable
On August 13, quotations of standard I grade metcoke was stable at 1920-1950 yuan/t (in cash, picked up by buyers) while actual transaction price was at 1900 yuan/t. The market was active and later outlook was also promising. A slightly increased volume of metcoke was concentrated onto yards.
FOB price of standard I grade metcoke was 1920-1940 yuan/t (bank acceptance) and that of I grade metcoke (CSR65) was 2040 yuan/t.
Link: Market price of Qingdao Metcoke on Aug 13,20
Link: Market price of Jingtang Port Metcoke on Aug 13,20
SteelHome Express: Price of Metcoke in Shanxi Inches Up amid Stability
On August 17, ex-works price of standard I grade metcoke in Shanxi was 1630-1700 yuan/t (bank acceptance); price of premium metcoke was 1750 yuan/t. Price of strong II grade metcoke (Mt10) was 1670 yuan/t (bank acceptance, picked up by buyers). Price of I grade metcoke (CSR65) was 2000 yuan/t (delivered to Tangshan).
From August 6, some coking plants were going to raise the price by 50 yuan successively, but most steel mills have not accepted yet.
Today, a few coking plants announced willingness to raise the price of metcoke by 50 yuan. Its expected that price of metcoke in Shanxi will increase amid stability.
Link: Market price of Shanxi Metcoke on Aug 17,20
SteelHome Express: Quotations of Standard I Metcoke at Ports Stable
On August 24, quotations of standard I grade metcoke by traders stabilized at 1950 yuan/t (in cash, picked up by buyers). The transaction price can be negotiated slightly. Most traders thought that the recent market would be stable and were more cautious on the purchase. Few traders expressed that the delivery volume of 09 Coke Contract had certain effect on the coke price at port.
FOB price of standard I grade metcoke quoted by coking plants was 1970-1990 yuan/t (bank acceptance) and that of I grade metcoke (CSR65) was 2090 yuan/t.
Link: Market price of Qingdao Metcoke on Aug 24,20
Link: Market price of Lianyungang Port Metcoke on Aug 24,20
SteelHome Express: Price of Standard I Grade Metcoke at Ports Stable
On August 27, quotations of standard I grade metcoke by traders were stable at 1930-1950 yuan/t (in cash, picked up by buyers), which was negotiable.
At present, most traders took a wait-and-see attitude and some quotations have loosed. FOB price of standard I grade metcoke quoted by coking plants was 1970-1990 yuan/t; that of I grade metcoke (CSR65) was 2090 yuan/t.
Link: Market price of Qingdao Metcoke on Aug 27,20
Link: Market price of Lianyungang Port Metcoke on Aug 27,20
SteelHome Express: Quotations of Metcoke may up 50 Yuan in Henan
On August 31, most coking plants in Henan planned to raise the quotation of metcoke by 50 yuan. In Pingdingshan, FOT prices of leading coking plants were temporarily stable. Price of standard I grade stamp-charged metcoke (Mt5%) was 1890 yuan/t; that of I grade stamp-charged metcoke was 1960 yuan/t; that of I grade top-charged metcoke was 2070 yuan/t. Prices above were all monthly prices, and the new price of September has not settled yet which was expected to rise by 40 yuan.
In Jiyuan, purchase price of standard I grade metcoke (Mt7) for local steel mills was 1840 yuan/t (delivered to factory).
In Anyang, ex-works price of standard I grade metcoke from coking plants was 2050-2060 yuan/t (dry basis); that of standard I grade was 1800-1850 yuan/t (water basis).
Pushed by the price hike of 50 yuan in Hebei, Shandong coking plants, local coking plants in Henan all have the intention to raise the price by 50 yuan today.
In Luoyang, ex-works price of standard I grade metcoke was stable at 1830-1850 yuan/t (in cash).
It is expected that metcoke market in Henna will be robust recently.
Link: Market price of Henan Metcoke on Aug 31,20
DAILY: Quotation of Standard I Grade Met Coke at Ports Stable
On September 3, quotation of standard I grade metallurgical coal by traders at ports stabilized at 1930-1950 yuan/t (in cash, picked up by buyers).
At present, most coke concentrated onto yards is of locked orders at before.
There is only tiny purchase of new orders since price at ports is relatively high and coking plants basically run out of stock.
Price of standard I grade metallurgical coal was 1970-1990 yuan/t fob (bank acceptance); that of I grade metallurgical coal (CSR65) was 2090 yuan/t fob; prices above were stable now and might increase later.
In general, traders were bullish on the market in September.
Link: Market price of Lianyungang Port Metcoke on Sep 3,20
Link: Market price of Qingdao Metcoke on Sep 3,20
DAILY: Quotation of Standard I Grade Met Coke at Ports up 20 yuan
On September 5, leading steel mills in East China reported the second round of price adjustment. On September 7, price of standard I grade metallurgical coke quoted by traders went up by 20 yuan to 1950-1970 yuan/t (in cash, picked up by buyers). Some traders took a wait and see attitude and offered no quotation.
It�¢??s expected that transaction price of 1920-1930 yuan/t at before will be increased by 10-20 yuan to 1930-1950 yuan/t.
Price of standard I grade metallurgical coke quoted by coking enterprises was 2020-2040 yuan/t fob (bank acceptance); that of I grade metallurgical coke (CSR65) was 2140 yuan/t after the price hike of 50 yuan.
Link: Market price of Jingtang Port Metcoke on Sep 7,20
Link: Market price of Lianyungang Port Metcoke on Sep 7,20
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DAILY: Met Coke Price Stable at Ports
On September 15, price of standard I grade metallurgical coke quoted by traders stabilized at 1930-1950 yuan/t (in cash, picked up by buyers). However, some coke was sold at a lower price about 1930 yuan/t.
Some traders said that quotation at ports might increase after the third round of price hike, but would still be stable in recent days.
Currently, coke transported to ports decreases and traders mainly focuses on shipping.
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DAILY: Coking Enterprises in SW China to Raise Price by 50 Yuan
On September 21, coking enterprises in Southwest China planned to raise price by 50 yuan in the second half of this month, a cumulative growth of 100 yuan in September, which was still under negotiation. Steel mills were reluctant to accept another 50-yuan hike given that price of raw material was high while steel market only took slim margin.
Currently, price of coke (F.c 85%) from leading steel mills in Guizhou is stable at 2060 yuan/t (dry basis, delivered to factory); price of coke (F.c 83%) from leading steel mills in Yunnan stays at 2080 yuan/t (in cash, dry basis, delivered to factory).
Last week, coking enterprises in North, East China put forward the third round of 50-yuan increase, to which most steel mills did not give clear response yet. It�¢??s expected to be completed this week.
Although it�¢??s said that several steel mills in Yunnan might raise the price by 50 yuan in the second half of this month (30 yuan in the first half of September), most coking plants refused that and insisted on a cumulative growth of 100 yuan this month. This price hike was still under negotiation.
Link: Market price of Kunming Metcoke on Sep 21,20(new)
Link: Market price of Guiyang Metcoke on Sep 21,20(new)
DAILY: More Capacity to be Eliminated in Taiyuan
On October 29, price of I grade metallurgical coke (CSR65) in Taiyuan, Shanxi delivered to Tangshan was 2250 yuan/t, some at 1880 yuan/t (ex-works, picked up by buyers).
At present, supply falls short of demand.
To date, 3.74mn t of coking capacity was eliminated in Taiyuan. 4.5mn t was expected to be phased out by the end of this month.
750,000 t of newly-added capacity was put into production and another 750,000 t will be added in these two days. November and October will see more newly-added capacity.
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SteelHome Express: Few Hebei Coking Plants to Raise Metcoke Price by 50 Yuan on 12th
On June 10, price of standard I metcoke from leading coking enterprises in Handan, Hebei was 2070 yuan/ton (dry basis, picked up by buyers), and that of II grade metcoke in other coking plants was 1750 yuan/ton (delivered to factory). Ex-factory price of standard I grade metcoke in Xingtai was around 2000 yuan/ton (dry basis, in cash). Coking plants had many orders due to the great demand of metcoke. Few coking plants in Hebei planned to raise the price of metcoke by another 50 yuan, which steel mills were not informed yet. The price adjustment may be released this afternoon.
Link: Market price of Hebei Metcoke on Jun 10,20
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SteelHome Express: The Sixth Round of Price Hike of Metcoke in Shanxi Unsettled
On June 22, ex-factory price of standard I grade metcoke in Shanxi was 1730-1790 yuan/t (bank acceptance); price of strong II grade metcoke (Mt10) was 1700-1750 yuan/t (bank acceptance, picked up by buyers). Price of I grade metcoke (CSR65) delivered to Tangshan firmed at 2100 yuan/t (delivered to station). Last week, some coking plants have notified steel mills to raise coke prices by 50 yuan, and most steel mills have not yet accepted them. The stocks of metcoke in some representative steel mills in Hebei and Shandong have not increased significantly. A few said they could accept the sixth round of price hikes before the Dragon Boat Festival, but some steel mills also showed strong resistance. It is expected that metcoke market will continue to operate strongly in recent days.
Link: Market price of Shanxi Metcoke on Jun 22,20
SteelHome Express: Price of Metcoke in Hebei Stable
On July 6, price of standard I grade metcoke from leading coking plants in Handan, Hebei was 2170 yuan/t (dry basis, picked up by buyers); that of II grade metcoke from other coking plants was 1850 yuan/t (delivered to factory); ex-works price of standard I grade metcoke in Xingtai (in cash, dry basis); price of standard I grade metcoke in Tangshan, Hebei was 1980-2010 yuan/t (delivered to factory); that of II grade metcoke was 1940 yuan/t.
A few steel mills in Shanxi sent a letter last week requesting a reduction of the purchasing price of metcoke by 50 yuan. The coking plants did not accept it. The actual implementation of the blast furnace production limit at the steel mills in Tangshan, Hebei was not as expected and the demand for metcoke was stable. In terms of coking plants, shipments of metcoke are stable, there is no accumulation of stocks, and prices are actively firmed up. Metcoke market in Hebei is expected to be stable in the short term.
Link: Market price of Hebei Metcoke on Jul 6,20
SteelHome Express: Quotations of Standard I Grade Metcoke at Ports up 20 Yuan
On July 27, quotations of standard I grade metcoke expected by some traders will rise by 20 yuan to 1850-1870 yuan/t (in cash, picked up by buyers). Coke concentrated onto yards increased than before. Some traders expressed that coking plants have low intention to sell at low price. FOB price of standard I grade metcoke firmed at 1920-1940 yuan/t (bank acceptance) and that of I grade metcoke (CSR65) stabilized at 2040 yuan/t.
Link: Market price of Jingtang Port Metcoke on Jul 27,20
Link: Market price of Qingdao Metcoke on Jul 27,20
SteelHome Express:Coke Price Increased by 100 Yuan/t in Northeast China
On August 15, coke price increased by 100 yuan/t in Northeast China.
Of this, coke price in Heilongjiang Qitaihe area increased by 100 yuan/t. The ex-factory price of second grade metcoke was 2250 yuan/t. High-quality second grade metcoke price was 2280 yuan/t. And third grade metcoke price was 2150-2170 yuan/t.
In Fushun area, the purchasing price of coke in major steel mills increased by 100 yuan/t. The purchasing price of second grade metcoke was 2395 yuan/t. And the purchasing price of third grade metcoke was 2282 yuan/t.
In Yingkou area, the purchasing price of standard first grade metcoke delivered to plants was 2270 yuan/t. And the purchasing price of second grade metcoke delivered to plants was 2220 yuan/t.
In Anshan area, first grade metcoke (dry basis) delivered to plants was 2550 yuan/t while the ex-factory price of standard first grade metcoke was 2400 yuan/t.
It is understood that leading steel mills in Fushun area raised coke price by 100 yuan/t. And coke price has increased by 300 yuan/t. At present, new coke price in some steel mills hasnâ??t been decided. In Yingkou area, major steel mills have accepted coke price increase but they donâ??t issue a statement. In North and East China, most coking plants are optimistic about coke market while some of them has raised coke price, which supports coke market in Northeast China.
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CISA: Daily Average Crude Steel Output of Member Steelmakers in June 21-30, 2020
CISA Members
During June 21-30, 2020, CISA member steel manufacturers produced 21.4215 million tons of crude steel, 19.1516 million tons of pig iron, 21.3362 million tons of steel products and 3.3089 million tons of coke.
Daily output of crude steel at CISA member steel manufacturers was 2.1421 million tons, down 0.01% from the daily output during June 11-20, 2020; daily output of pig iron was 1.9152 million tons, up 0.2% from the daily output during June 11-20, 2020; daily output of steel products was 2.1336 million tons, up 2.79% from the daily output during June 11-20, 2020.
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SteelHome Express: Guangzhou Construction Steel Price Edges Up on Ex-work Price
According to SteelHome survey, construction steel price moderately increases by 10 yuan/t in Guangzhou market. Boosted by domestic construction steel market prices and increased ex-work price of Shaoguan Steel, market quotation slightly rises. Recently, products from steel mills gradually arrive. However, the supply of wire rod is still tight. The transactions on last Friday were comparatively slack.
Related Link: Market price of Guangzhou Construction Steel on Jun 22,20(new)
Port Hedland's Iron Ore Shipments to China Down 17% MoM in July 2020
Iron ore shipments to China from Australiaâ??s Port Hedland terminal, the worlds biggest iron ore port, decreased by 17% to 38.15 million tons in July from 46.19 million tons in June, port data showed on Thursday.
Overall iron ore shipments totaled at 43.64 million tons in July, down 16% from 51.79 million tons in June.
Port Hedland is used by three of Australia's top four iron ore miners, BHP Billiton, Fortescue Metals Group and Gina Rinehart's Hancock Prospecting.
SteelHome Express: China's Iron Ore Prices Rose on Monday
Benchmark 62% iron ores spot price rose by $1.98 to $125.68 a tonne on Monday, based on SteelHome consultancy data SH-CCN-IRNOR62.
According to SteelHome survey, traders were active in iron ore sales, setting the spot price at a high level. For mills, only some of them purchased iron ore due mainly to the rigid demands.
The most-traded iron ore products today were medium and low Fe grade Australian fines and lump ores.
SteelHome considers that prices of iron ore may observe rangebound movements amid current high levels in the short run.
Other Info: Price Aggregates of Imported Ore at China Main Ports on Aug 31, 2020
DAILY: China's Iron Ore Prices Rose amid Rigid Demand in Some Mills
Benchmark 62% iron ores spot price rose by $1.35 to $127.08 a tonne on Monday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI).
According to SteelHome survey, traders were active in iron ore sales. For mills, some of them had iron ore procurement plans today. Meanwhile, several mills purchased iron ore for rigid demands.
And the most-traded products today were medium-and-low Fe grade Australian fines.
SteelHome considers that prices of iron ore may observe rangebound movements in the short run.
Other Info: Price Aggregates of Imported Ore at China Main Ports on Sep. 7, 2020
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DAILY: China's Iron Ore Prices Down amid Declined Utilization of IOCJ
Benchmark 62% iron ore spot price dropped by $0.92 to $127.2 a tonne on Tuesday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI).
According to SteelHome survey, traders were active in iron ore sales. For mills, most of them were inactive in procurements, bringing the overall transactions to drop from the prior trading day.
Currently, the supply of tradable Brazilian fines is tight in Shandong and Tangshan. Though there is no standard-specification IOCJ in Shandong, the supply of High-P IOCJ is sufficient in this area.
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DAILY: China's Iron Ore Prices Dropped amid Slack Transactions
Benchmark 62% iron oreâ??s spot price dropped by $3.72 to $ 121.06 a tonne on Monday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI).
According to SteelHome survey, traders were active in iron ore sales. For mills, only some had procurements plans for rigid demands.
The most-traded iron ore products today were medium-and-low Fe grade Australian fines and lump ores. In Tangshan, the supply of prevailing tradable iron ore increased.
SteelHome considers that prices of iron ore may observe rangebound movements in the short run amid robust demand.
Other Info: Price Aggregates of Imported Ore at China Main Ports on Sep. 21, 2020
Mount Gibson Iron Updated Shine Iron Ore Project
Mount Gibson Iron Limited (Mount Gibson) announced the following update on the planned development of the Companys Shine Iron Ore Project, located 375km northeast of Perth, in the Mid-West region of Western Australia. Shine represents a near term, low capital production opportunity that will further extend Mount Gibsonâ??s 16-year operational presence in the Mid-West region, facilitated by the Companyâ??s established export infrastructure and logistics arrangements.
Mount Gibson has declared Proved and Probable Ore Reserves of 2.8 million dry metric tonnes grading 59.4% Fe, using a 55% Fe cut-off, within an initial Stage 1 pit development, for a mine life of two years. Mine life could potentially be extended a further two years by developing a Stage 2 pit subject to market conditions remaining supportive, based on Measured and Indicated Resources within the modelled pit shells.
The Company is currently finalising commercial and permitting requirements to commence development and achieve targeted first ore sales in mid-2021.
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DAILY: China's Iron Ore Prices Climbed to $120 on Wednesday
Benchmark 62% iron ore spot price climbed to $120.2 a tonne on Wednesday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI).
According to SteelHome survey, traders were active in iron ore sales. For mills, only some with rigid demand purchased iron ore today.
Currently, some mills have increased the utilization of medium Fe grade iron ore fines whose cost performance increased lately.
SteelHome considers that prices of medium Fe grade iron ore fines may observe rangebound movements in the short run.
Other Info: Price Aggregates of Imported Ore at China Main Ports on Oct 21, 2020
DAILY: China's Iron Ore Prices Broadly Stable on Thursday
Benchmark 62% iron ore spot price stayed at $120.29 a tonne on Thursday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI).
According to SteelHome survey, traders were active in iron ore sales. For mills, only some with rigid demand purchased iron ore today.
The most traded products today were medium and low Fe grade Australian fines.
Currently, in Tangshan, the supply of tradable iron ore decreased on the spot markets, due largely to the increased shipments out of ports lately.
SteelHome considers that Chinaâ??s iron ore prices may observe rangebound movements in the short run.
Other Info: Price Aggregates of Imported Ore at China Main Ports on Oct 22, 2020
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DAILY: China's Iron Ore Prices Kept Rising on Friday
Benchmark 62% iron ores spot price rose to $118.16 a tonne on Friday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI).
According to SteelHome survey, the supply of PB fines and Super Special fines kept decreasing on the spot market. Therefore, traders set the price sturdily. Currently, for mills, most of them purchase iron ore at a normal level amid no planned maintenance activities recently.
SteelHome considers that prices of iron ore may observe rangebound movements in the short run.
Other Info: China Raw Material Import Price Aggregates on Oct 30,20
DAILY: China's Iron Ore Prices Up on Tuesday
Benchmark 62% imported iron ore price rose to $ 170.28 a tonne on Tuesday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI).
Currently, in Tangshan and Shandong, the supply of tradable Brazilian fines increased. Though the utilization of Brazilian fines has not raised, the demand momentum improved amid better cost-performance.
Other Info: Price Aggregates of Imported Ore at China Main Ports on Jan 12, 21
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Iron Ore Transportation by Trucks Lead to Air Pollution in Goa Mining Area
Iron ore transportation has once again increased air pollution in Indias Goa mining area.
Goa State Pollution Control Board (GSPCB) air test data shows that air pollution in the area is mainly due to iron ore transportation activities, starting from March.
Member secretary of GSPCB Shamila Monteiro said the board has written to the directorate of mines and geology (DMG) to reduce the number of ore transportation trips by trucks in areas where it has noticed air pollution.
SteelHome: Seaborne Iron Ore Price Kept Dropping as Shipments from Overseas Miners to Increase
The average price of China domestic-produced iron ore concentrates at 14 main markets in China was 799 yuan/t on May 26, 2020, up 1 yuan/t from the previous trading day. It is expected that prices of China domestic-produced iron ore concentrates may stable in the near term.
Imported Iron Ore: the seaborne price kept dropping on Tuesday.
Overseas iron ore price from SteelHome: 61%-Fe PB fines was 94-95 dollars/t (CIF); 65%-Fe IOCJ was 111-112 dollars/t (CIF); 58%-Fe Yandi fines was 84-85 dollars/t (CIF), down around 2 dollars/t from the prior trading day.
At ports, the spot price for imported iron ore decreased by 10-15 yuan/t on Tuesday.
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SteelHome Express: Quotation of Iron Ore Edged down amid Sharp Declines of Futures Price on Monday
Quotation of imported iron ore on Tangshan market decreased by 5-10 yuan/t on Monday.
Then the prevailing quotation on the market: PB fines is 795-795 yuan/t; PB lump is 865-875 yuan/t; Jimblebar fines is 725-730 yuan/t; Super Special fines is 665-675 yuan/t; Brazilian IOCJ is 955-960 yuan/t.
Due to the sharp drop of futures price, some traders with hedging operations lowered the transaction price for PB fines to 780 yuan/t. Other traders awaited further market developments, being inactive on low-price selling.
Meanwhile the prevailing products transacted today were medium low Fe grade Australian fines.
Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Jun 22
SteelHome Express: Quotation of Iron Ore Broadly Stable on Wednesday
Quotation of imported iron ore on Tangshan market remains broadly stable on Wednesday.
Then the prevailing quotation on the market: PB fines is 850-855 yuan/t; PB lump is 890-895 yuan/t; Jimblebar fines is 775-780 yuan/t; Super Special fines is 700-705 yuan/t; Brazilian IOCJ is 980-985 yuan/t.
Meanwhile, at Rizhao port, PB fines has been traded 835 yuan/t this morning.
According to SteelHome survey, the overall transactions are at a normal level on the spot market. And the prevailing products transacted today are medium and low Fe grade Australian fines. SteelHome considers that prices of iron ore may keep fluctuating in the short run.
Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Jul 15
SteelHome Express: Quotation of Imported Iron Ore Drops in Tangshan on Monday
Quotation of imported iron ore on Tangshan market decreases by 5-10 yuan/t on Monday.
Then the prevailing quotation on the market: PB fines is 850-855 yuan/t; PB lump is 885-890 yuan/t; Jimblebar fines is 770-775 yuan/t; Super Special fines is 690-695 yuan/t; Brazilian IOCJ is 945-950 yuan/t.
Meanwhile, at Rizhao port, PB fines has been traded at 832 yuan/t and 60.4%-Fe Jimblebar fines at 760 yuan/t. At Lanshan port, PB fines has been traded at 830 yuan/t this morning.
According to SteelHome survey, the overall transactions are at a normal level and the main products transacted today are medium and low Fe grade iron ore. SteelHome considers that prices of iron ore may observe rangebound movements in the short run.
Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Jul 27
HBIS Lines Up Investment in Peru Iron Ore Mine
HBIS Resources Co Ltd, a unit of China second-biggest steelmaker HBIS Group, said on Monday it had signed an initial deal to develop the Pampa de Pongo iron ore mine in Peru alongside current licence-holder Zhongrong Xinda.
The two Chinese companies plan to set up a joint venture to work on the first stage of the mine, which also contains copper, cobalt and gold reserves, an HBIS Resources filing to the Shenzhen Stock Exchange showed.
The scope of cooperation includes mine and port construction and operation, it added. No value was put on the framework agreement, which was signed on July 31 and will serve as a basis for negotiations between the two firms.
Investing in Peru, the worlds second-biggest copper producer after neighbouring Chile, would be HBIS first foray into South America. It coincides with steady demand from Chinese steel mills as prices of iron ore, the main steel-making ingredient, top $100 a tonne.
Qingdao-based Zhongrong Xinda acquired the rights to Pampa de Pongo in 2016 and its subsidiary Jinzhao Mining Peru is the projectâ??s operator.
A portfolio published by Peru Ministry of Energy and Mines in October 2018 said Pampa de Pongo, in the Arequipa region, could produce 28.1 million tonnes of iron per year and was expected to start operations in 2023.
It put the investment required at $2.2 billion.
Peru in mid-March imposed a mining lockdown to curb the spread of the new coronavirus, but has since eased restrictions. The country has reported more than 400,000 confirmed coronavirus cases and more than 18,000 deaths from covid-19, the respiratory disease the virus causes.
SteelHome Express: East China Scrap Price Roughly Stable on Monday
Prices of scrap remain broadly stable in East China on Monday. 6-10mm HMS stays at 2680-2730 yuan/t in Jiangsu; 2700-2750 yuan/t in Shandong; 2680-2730 yuan/t in Fujian; 2670-2720 yuan/t in Anhui.
Several local steel makers have lowered the procurement price by 20-30 yuan/t as the futures price for rebar and steel price start dropping. The overall supply is tight amid the hot days.
SteelHome considers that prices of scrap may remain stable in the near term.
Link: Market price of Jiangsu Scrap on Aug 10,20
Link: Market price of Anhui Scrap on Aug 10,20
Link: Market price of Shandong Scrap on Aug 10,20
Link: Market price of Fujian Scrap on Aug 10,20
Steel Home Express: East China Scrap Price Broadly Stable on Monday
Prices of scrap remain roughly stable in East China on Monday. 6-10mm HMS stays at 2680-2730 yuan/t in Jiangsu; 2700-2750 yuan/t in Shandong; 2680-2730 yuan/t in Fujian; 2670-2720 yuan/t in Anhui.
Market participants are optimistic about the further market developments amid rising steel price lately. In order to fulfill procurements, some steel mills have raised the price. Therefore, SteelHome considers that prices of scrap may rise by 20-30 yuan/t in the short run.
Link: Market price of Anhui Scrap on Aug 17,20
Link: Market price of Jiangsu Scrap on Aug 17,20
SteelHome Express: East China Scrap Price Broadly Stable on Monday
Prices of scrap remain broadly stable in East China, but rise in some provinces on Monday. 6-10mm HMS stays at 2700-2750 yuan/t in Jiangsu; up 30 yuan/t to 2760-2810 yuan/t in Shandong; up 2730-2780 yuan/t in Fujian; at 2670-2720 yuan/t in Anhui.
Currently, scrap traders await the price to rise as the steel price increased last week. At the week, some steel mills raised the procurement price for scrap products.
SteelHome considers that prices of scrap may remain at current high levels, and to rise in some provinces where the price has not come to high levels.
Link: Market price of Anhui Scrap on Aug 24,20
Link: Market price of Jiangsu Scrap on Aug 24,20
Link: Market price of Shandong Scrap on Aug 24,20
SteelHome Express: East China Scrap Price Broadly Stable on Thursday
Prices of scrap remain broadly stable in East China on Thursday. 6-10mm HMS stays at 2730-2780 yuan/t in Jiangsu; at 2760-2810 yuan/t in Shandong; at 2730-2780 yuan/t in Fujian; at 2700-2750 yuan/t in Anhui.
Scrap suppliers are active in sales due to the dropped rebar futures price lately. With the tight supplies, prices of scrap may observe rangebound movements in the near term.
Link: Market price of Anhui Scrap on Aug 27,20
Link: Market price of Jiangsu Scrap on Aug 27,20
Link: Market price of Shandong Scrap on Aug 27,20
DAILY: East China Scrap Price Broadly Stable, Eye on Peak Steel Order Season
Prices of scrap remained broadly stable in East China on Thursday, but up by 30 yuan/t in some areas. 6-10mm HMS stays at 2730-2780 yuan/t in Jiangsu; at 2760-2810 yuan/t in Shandong; at 2730-2780 yuan/t in Fujian; up 30 yuan/t to 2730-2780 yuan/t in Anhui.
Currently, traders are optimistic about the further market developments as the rebar futures price and semis price rose lately. Meanwhile, September is the peak sales period for steel products in China.
According to SteelHome survey, the volume of scrap arrivals at some Chinese steel mills decreased from the week before.
SteelHome considers that prices of scrap may edge up amid fluctuations in the short run.
Link: Market price of Jiangsu Scrap on Sep 3,20
Link: Market price of Anhui Scrap on Sep 3,20
Link: Market price of Fujian Scrap on Sep 3,20
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DAILY: South-central China Scrap Price Stable, Supply-demand Standoff Continues
Prices of scrap remained broadly stable in South-central China on Monday. 6-10mm HMS stayed at 2650-2700 yuan/t in Henan; 2630-2680 yuan/t in Hubei and Hunan; 2660-2710 in Guangdong.
According to SteelHome survey, traders were inactive in low-price sales. In addition, the large consumption supported the price to perform sturdily in these areas.
Currently, the supply-demand standoff continues.
SteelHome considers that scrap price may keep stable in the short run by and large.
Link: Market price of Wuhan Scrap on Sep 28,20
Link: Market price of Henan Scrap on Sep 28,20
Link: Market price of Guangdong Scrap on Sep 28,20
SteelHome Express: Southwest China Scrap Price Stable amid Slender Margins in Mini-mills
Prices of scrap remain roughly flat in Southwest China on Wednesday. In Chongqing, 6-10mm HMS stays at 2620-2670 yuan/t; 2640-2690 yuan/t in Sichuan; 2620-2670 yuan/t in Guizhou; 2620-2670 yuan/t in Yunnan.
Currently, scrap suppliers await further market directions amid the uncertainties on the steel price. With slender margins, most mini-mills are inactive in raising scrap procurement price. Therefore, SteelHome considers that prices of scrap may keep stable in the short run.
Link: Market price of Chongqing Scrap on Jun 10,20
Link: Market price of Yunnan Scrap on Jun 10,20
Link: Market price of Guizhou Scrap on Jun 10,20
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SteelHome Express: East China Scrap Price Roughly Stable on Active Shipping Operations from Supplier
Prices of scrap remain roughly flat in East China on Monday. 6-10mm HMS stays at 2630-2680 yuan/t in Jiangsu; 2620-2670 yuan/t in Shandong; 2600-2650 yuan/t in Fujian; 2600-2650 yuan/t in Anhui.
Affected by slack steel sales during the heavy rainfalls in Southern China, some steelmakers have lowered scrap procurement price by 20-50 yuan/t. Meanwhile, scrap shipments from suppliers have increased. SteelHome considers that East Chinaâ??s scrap price may drop in the short run.
Link: Market price of Anhui Scrap on Jul 6,20
Link: Market price of Fujian Scrap on Jul 6,20
Link: Market price of Shandong Scrap on Jul 6,20
Link: Market price of Jiangsu Scrap on Jul 6,20
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SteelHome Express: Quotation of Imported Iron Ore in Tangshan Edges down
Quotation of imported iron ore on Tangshan market drops by around 5 yuan/t on Tuesday.
Then the prevailing quotation on the market: PB fines is 660-665 yuan/t; PB lump is 845-850 yuan/t; Jimblebar fines is 595-600 yuan/t; Super Special fines is 530-535 yuan/t; Brazilian IOCJ is 795-805 yuan/t.
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Monthly Report on China Plated/Coated Sheet Market for January 2020
Chinas plated and Coated sheet price increased amid stability in January 2020. As of 22 January, the average price of 1.0mm plating sheet in 18 major markets was 4,628 yuan/t, up 13 yuan/t from that of end of December; that of 0.476mm coating sheet in 15 major markets was 5,793 yuan/t, up 7 yuan/t from that of end of December.
Affected by the 2019-nCoV, most enterprises delayed to return to work. Household appliance and automobile sales will see decline, which is expected to restrict steel demand, especially for plated and coated sheet. SteelHome expects that Plated and Coated sheet price will remain weak amid fluctuation in February 2020.
I China Plated and Coated sheet price increased amid stability in January 2020
Domestic Plated and Coated sheet price increased amid stability in January 2020. As for Plated sheet/coil, in East China market, price went up by 30-50 yuan/t ; In Central South China market, price rose by 20 yuan/t in Guangzhou market and rose by 10 yuan/t in Zhengzhou market; price increased by 30 yuan/t in North China market; In West China market, price increased by 10-70 yuan/t in Chongqing and Chengdu markets; As for coated sheet/coil, price increased by 40-50 yuan/t in East China; Price was stable in Central South China and West China markets while increased by 70 yuan/t in TIanjin market.
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SteelHome Express: Quotation of Imported Iron Ore Remains Roughly Flat in Tangshan
Quotation of imported iron ore on Tangshan market remains roughly flat on Friday.
Then the prevailing quotation on the market: PB fines is 660-665 yuan/t; PB lump is 855-860 yuan/t; Jimblebar fines is 600-605 yuan/t; Super Special fines is 530-535 yuan/t; Brazilian IOCJ is 805-810 yuan/t.
Meanwhile, at Lianyungang, PB fines has been traded at 652 yuan/t this morning.
Traders are active in giving offers. Mills, however, walk away in procurements, bringing slack iron ore transactions declined today.
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BRIEFING (October 21, 2020): Special and Stainless Steel
I Review of Special Steel Market
China structural steel prices remained stable on Monday and Tuesday. Details were as follows.
Table 1: Price Change of Structural Steel in Major Areas
Steel mills in Jiangsu Province and Zhejiang Province remained their daily price policy unchanged.
At present, the structural steel price is much higher than that of rebar, which slows down market trading. It is predicted that domestic structural steel price will maintain stable in the following days.
Table 2: Price Change of Structural Steel in Major Markets(Unit: yuan per ton)
II Review of Stainless Steel Market
China's stainless steel prices maintained stable in the first two working days of this week.
Steel Mills: Leading steel mills remained their daily price policy unchanged.
Stainless Steel Futures: The closing price of the main stainless steel contract on October 20 was 14,505 yuan/t, up 45 yuan/t from that of October 16.
Considering the current market situation, SteelHome predicts that China stainless steel price will maintain stable in the following days.
Weekly Report of China Stainless Steel Market for May 8-15, 2020
By May 15, average price of 2.0mm 304/2B cold rolled stainless steel in eight Chinese cities closed at 14,069 yuan/t, up 331 yuan/t from last weekend; that of 2.0mm 430/2B cold rolled stainless steel averaged at 6,963 yuan/t, up 25 yuan/t from last weekend; that of 2.0mm 201/2B cold rolled stainless steel averaged at 7,369 yuan/t, up 69 yuan/t from last weekend.
In the given time, Chinas stainless steel prices kept rising. Among them, 300 series stainless steel prices surged, 200 series stainless steel increased slightly, and 400 series stainless steel rebounded from previous drop. Driven by the futures gains and rising mills EXW prices, 300 series and 200 series stainless steel prices climbed up significantly.
NBS: China Crude Steel Daily Average Output Down 1.3% in July
Steel Output
According to National Bureau of Statistics, Chinaâ??s crude steel, pig iron and steel products totaled 93.36 million tons, 78.18 million tons and 116.89 million tons, up 9.1%, 8.8% and 9.9% year on year. The daily average output in July was 3.0116 million tons, 2.5219 million tons and 3.7706 million tons, down 1.3%, 1.3% and 2.4% from June.
Steel Supply
According to calculations, in July 2020, Chinaâ??s crude steel and finished steel products supply totaled 93.48 million tons and 115.31 million tons, up 12.70 million tons or 15.7% and 13.68 million tons or 13.5% year on year.
During January to July, the supply of crude steel and steel products were 576.1 million tons and 701.02 million tons, up 33.75 million tons or 6.2% and 36.16 million tons or 5.4% year on year.
Shaanxi Iron and Steel Group: Marketing Strategies on China's Construction Steel Industry
On August 14-16, 2020, 16th Steel Development Strategy Conference, hosted by SteelHome, was successfully held in Shanghai Tower. Around 800 delegates from governments, associations, steel mills, miners, traders, research institutes attended the one of biggest events in China steel industry.
9th International Raw Materials Supply Chain Summit, 10th Coal & Coke Development Strategy Conference, 8th China Commodities E-Commerce Summit and 2020 SteelHome Summer Report were simultaneously held.
Yan Wutang, Deputy General Manager of Hancheng Iron and Steel Co., Ltd, Shaanxi Iron and Steel Group, delivered a speech titled Marketing Strategies on China's Construction Steel Industry in Steel Market Situation and Marketing Strategy Panel on August 16, 2020.
Key Points
1. Results of Supply-Side Reform in China�¢??s Steel Industry
The results of the supply-side reform in China�¢??s steel industry have benefited the country�¢??s construction steel industry in the past three years. In 2017, the price of construction steel reached 5,000 yuan per tonne, bringing increased profits in steel mills. Therefore, a new round of investments started in China�¢??s steel industry.
Massive investment has poured into China�¢??s steel industry after 2018, mainly in the capacity replacement and environmental protection projects. The actual steel capacity, however, was not decreased but increased.
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47.574 Mlt of Steel Production Capacity Reduced in Hebei Province Since 2018
It was reported that 47.574 million tons of steel production capacity and 6.474 million tons of cement production capacity have been reduced from 2018 to July, 2020, significantly enhancing the air quality in Hebei province.
Since 2016, 11.949 million tons of cement production capacity, 29.238 million tons of coking capacity have been eliminated in Hebei Province. 518 cement enterprises and 89 coking enterprises have been reduced to 206 and 58 enterprises.
After the industrial transformation and upgrading, product mix has been optimized and advanced steel products proportion has increased to 77%. Thus, the profitability of steel enterprises was greatly enhanced.
Hebei also announced that all eligible enterprises in steel, cement, plate glass and pottery industries will complete the ultra-low emission transformation by the end of October.
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HBIS Group Produced Abrasion-resistant Steel, NM500-KC
Recently, HBIS Group delivered around 200 tons of 1500MPa abrasion-resistant steel, NM500-KC to a self-dumping ruck manufacturing enterprise in Northern China.
NM500-KC is a kind of abrasion-resistant steel with high performance, whose tensile strength attained 1500Mpa. Compared to the same abrasion steel of 1300MPa, its weight decreased by 30%.
At present, the ordering volume of NM500-KC cumulatively totaled 1400 tons.
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Fangda Special Steel Net Profit in First Three Quarters Up 17% YoY
The Fangda Special Steel report shows that the operating revenue in first three quarters was up 6.87% year on year to 11.856 billion yuan.
Net profit attributable to the shareholders attained 1.497 billion yuan, a year-on-year increase of 17.21% and basic earnings per share totaled 0.81 yuan.
Fangda Special Steel is a listed subsidiary of Fangda Group, which is an iron and steel enterprise integrating mining, coking, sintering, ironmaking,steelmaking and rolling.
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SteelHome 2021 Annual Reports on China Steel Industry are now available. The reports spotlight China steel, iron ore, coal, scrap, ferroalloy and other related industries over the year, provide outlooks on China steel market for the next year.
The reports were released during SteelHome Annual Market Summit on October 29-31, as part of China Steel Industry Summit for 2022 Market.
These reports provide insights on how China steel, iron ore, coal, scrap, ferroalloy and other related industries operated, highlighting the outlook on 2022 markets. Details are as follows.
Analysis Report on China Steel Market and Forecast for 2022
Analysis Report on China Construction Steel Market and Forecast for 2022
Analysis Report on China Medium and Heavy Plate Market and Forecast for 2022
Analysis Report on China HRC Market and Forecast for 2022
Analysis Report on China CRC Market and Forecast for 2022
Analysis Report on China Coated Steel Market and Forecast for 2022
Analysis Report on China Section Steel Market and Forecast for 2022
Analysis Report on China Special Steel Market and Forecast for 2022
Analysis Report on China Stainless Steel Market and Forecast for 2022
Analysis Report on China Iron Ore Market and Forecast for 2022
Analysis Report on China Steel Scrap Market and Forecast for 2022
Analysis Report on China Ferroalloy Market and Forecast for 2022
Analysis Report on China Coal and Coke Market and Forecast for 2022
Sample A: Analysis Report on China HRC Market and Forecast for 2022
Baosteel Released Carbon Steel Flats Futures Price Policy for April 2020
On March 10, 2020, Baosteel released carbon steel flats futures price policy for April 2020 based on price policy for March 2020. (Following prices exclude VAT unless specified)
I HR (Baoshan base, Qingshan base, Dongshan base and Meishan base)
Base price: down 50 yuan/t
II Heavy Plate (Baoshan base, Dongshan base)
Base price: unchanged
III Section Steel (Qingshan Base)
Base price: unchanged
IV Pickled coil (Baoshan base, Qingshan base, Dongshan base and Meishan base):
Base price: down 100 yuan/t
Reinforcing Bars Output in March 2020 Down 2.9% YoY
According to National Bureau of Statistics, reinforcing bars output totaled 19.015 million tons in March 2020, down 2.9% year on year. Reinforcing bars output during January-March, 2020 totaled 53.028 million tons, a decrease of 1.9% year on year. In March, wire rod output attained 11.520 million tons, down 5.5% year on year and accumulative output in the first three months totaled 33.451 tons, a year-on-year decrease of 3.3%.
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Customs: China June Steel Export Down 30.2% YoY
According to China Customs, China steel export in June was 3.701 million tons, a decrease of 30.2 percent on year; steel import was 1.878 million tons, up 98.7 percent year on year. In January-June, accumulative steel export was 28.704 million tons, down 16.5 percent on year and steel import was 7.343 million tons, up 26.1% on year.
SteelHome Analysis...
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SteelHome Express: Shanghai HRC Prices Edge Down
According to SteelHome survey, HRC prices generally decreases by 10 yuan/t in Shanghai market. Yesterday, the transactions were sparse. Some traders lower the transacting prices in August-end to ease its pressure on fund. It is learned that HRC inventory increases due to the sluggish transactions and increased volume of arrivals. SteelHome predicts that HRC market prices will continue to decline amid fluctuation.
Related link: Market price of Shanghai HR Coil on Aug 27,20(new)
SteelHome Express: Shanghai CRC Prices Edge Up on Increased Billet Price
According to SteelHome survey, CRC market prices rise by 50 yuan/t in Shanghai market.
Last week, CRC market prices dipped with plain transactions. On Monday, market quotation is driven up by increased billet prices. At present, spot product market prices are supported by the tight supply and high cost. CRC production lines of Benxi Steel are in maintenance from August 25 for 10 days, then the total output declines by 50,000 tons. Traders tend to keep the inventory at a low level.
SteelHome predicts that CRC market prices will keep rising.
Related Link: Market price of Shanghai CR Sheet/Coil on Aug 31,20(new)
4.03 Mlt of Steel Capacity Eliminated in Sichuan Province since 2017
Since 2017, 3 projects of 2.66 million tons steel-making capacity in 10 steel capacity replacement projects have been completed and put into trail production. And steel-making capacity in Sichuan Province has been eliminated by 4.03 million tons.
In 2016, 4.20 million tons of crude steel capacity and 1.60 million tons of iron-making capacity have been reduced in Sichuan Province. In 2017, 0.77 million tons of crude steel capacity and 0.1 million tons of iron-making capacity have been further eliminated. In May, 2018, iron-making capacity has been reduced 0.57 million tons. And its main task of resolving excess capacity has been fully completed.
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Hebei Chengde Shengfeng Steel Shut Down on September 30
On September 23, Chengde Shengfeng Steel released an announcement, stating that all the equipment will shut down on September 30.
According to the Capacity Replacement Plan released on November 26, 2019, the production capacity of Hebei Shengfeng Steel will be transferred to Guangxi and Guangdong Province.
Founded in 2014, Chengde Shengfeng Steel possesses two 650m3 blast furnaces with iron-making capacity of 1.49 million tons and two 50t converters with steel-making capacity of 1.7 million tons. The main products are billet and HR strip and the output of HR strip reduces by around 4,000 tons per day after shut down.
SteelHome: China HRC Import up 33% in Sep M-o-M
According to latest data from General Administration of Customs, China imported hot-rolled coil of 1.35 million tons in September, up 33% from previous month. HRC imports in the first nine months totaled 5.71 million tons.
In terms of import sources, HRC imports mainly came from Asia, Middle East and CIS region. Among them, imports from India, China Taiwan, Japan, South Korea and Ukraine all exceeded 100,000 tons in September.
In terms of destination, HRC imports were mainly shipped to southeast coastal area, among which total imports of Zhejiang Province, Fujian Province, Jiangsu Province, Guangdong Province and Shanghai accounted for 90% of HRC imports in September.
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Valin Steel Produced 2.25mlt of Steel Products in Nov, 2020
Report released by Valin Steel shows that steel products output in November reached 2.25 million tons, down 2.17% from October while sales volume was up 6.73% to 2.38 million tons.
In November, Valin Steel iron output was down 3.68% from last month to 1.83 million tons and crude steel output was down 3.67% to 2.36 million tons...
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SteelHome Express: Shanghai HRC Prices Dip
According to SteelHome survey, HRC prices generally decrease by 10 yuan/t in Shanghai market. The transactions were comparatively weak on last Friday and the transacting prices were lowered. Today, the procurement is sparse. Downstream and end users mainly hold wait-and-see attitudes towards the market development. Some traders mainly focus on selling to ease its pressure on fund and inventory. SteelHome predicts that HRC market prices will continue to decline amid fluctuation.
Related link: Market price of Shanghai HR Coil on Jul 27,20(new)
Monthly Report on China HRC Market for July 2020
Abstract
Domestic HRC market prices generally rose amid fluctuation in July. Both market and mill inventories went up. Trading volume slightly increased year on year. With the profitability, steel mills produced at its full capacity, but the products were still in shortage in some markets.
In July-end, some traders chiefly focused on selling due to the inventory and fund pressure. Heavy rainfalls in Southern China faded away in middle and late July, then the demand generally rose. Market sentiment was bullish.
SteelHome forecasts that HRC market prices will keep rising amid fluctuation in August.
Source: SteelHome
Shandong Steel Delivered Pipeline Steel to Nigeria Deep-water Port
Recently, Shandong Steel successfully completed the delivery of 8,160 tons of high value-added American standard pipeline steel coils ordered by China Communications Materials Group for the Lekki Deepwater Port Project in Nigeria, a significant cooperation project under The Belt and Road Policy.
The high-quality pipeline steel coils includes X70, X60, X52 and other series products. The delivery of the pipeline steel products has enhanced the brand image of Shandong Steel and laid a solid foundation for further cooperation with China Communications Materials Group.
Baosteel Released Carbon Steel Flats Futures Price Policy for September
On August 10, Baosteel released carbon steel flats futures price policy for September based on price policy for August 2020. (Following prices exclude VAT unless specified)
I Heavy Plate (Baoshan base, Dongshan base)
Base price of carbon steel heavy plate: up 200 yuan/t;
II Section Steel (Qingshan Base)
Base price of steel sheet piling: up 260 yuan/t; guard rail: up 200 yuan/t;
The rest is unchanged.
III HRC (Baoshan base, Qingshan base, Dongshan base and Meishan base):
Base price: up 200 yuan/t;
IV Pickled coil (Baoshan base, Qingshan base, Dongshan base and Meishan base):
Base price for plain carbon and non-automotive steel products: up 260 yuan/t;
Base price for automotive steel products: up 100 yuan/t;
V Plain Carbon CR steel (Baoshan base, Qingshan base, Dongshan base and Meishan base)
Base price: up 260 yuan/t;
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SteelHome Express: Hangzhou Construction Steel Price Edges Down
According to SteelHome survey, construction steel market price decreases by 10 yuan/t in Hangzhou market. Yesterday, the transactions remained weak after market price dropped. Traders reflect that the construction steel inventory exceeds 1 million tons. With the fund pressure in May-end, traders still active in selling products. SteelHome predicts that construction steel will continue to slightly drop in Hangzhou market.
Link: Market price of Hangzhou Construction Steel on May 27,20(new)
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Baosteel Released Carbon Steel Flats Futures Price Policy for November
On October 9, Baosteel released carbon steel flats futures price policy for November based on price policy for October 2020. (Following prices exclude VAT unless specified)
I Heavy Plate
Base price of carbon steel heavy plate: unchanged;
II Section Steel
Base price: unchanged;
III HRC
Base price: down 100 yuan/t;
IV Pickled coil
Base price: unchanged;
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Chinese Private Steel Enterprises Produced 197 Mt of Crude Steel
According to China Chamber of Commerce for Metallurgical Enterprises, Chinese private steel enterprises produced crude steel of 54.49 million tons in April, up 4.98 million tons or 12.8% from last month. Pig iron output in April totaled 43.85 million tons, up 5.69 million tons or 11.65% from last month. Finished steel products output amounted to 76.70 million tons, up 7.07 million tons or 10.15% from last month.
In the first four months, Chinese private steel enterprises produced crude steel of 197 million tons, pig iron of 164 million tons and finished steel products of 256 million tons.
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Daily: Hangzhou Structural Steel Price Dips
According to SteelHome survey, carbon structural steel price dropped by 20 yuan/t this morning.
It was learned that Eastern Special Steel reduced their ex-work price by 30 yuan/t last Saturday and Hanggang Shenghua reduced their ex-work price by 20 yuan/t this morning.
At present, market trading remains subdued. Distributors reduce their offers slightly due to the rebar future losses and bearish outlook.
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CISA: Daily Average Crude Steel Output of Member Steelmakers in March 11-20, 2020
CISA Members
During March 11-20, 2020, CISA member steel manufacturers produced 18.3661 million tons of crude steel, 17.0777 million tons of pig iron, 17.5848 million tons of steel products and 3.1921 million tons of coke.
Daily output of crude steel at CISA member steel manufacturers was 1.8366 million tons, up 1.55% from the daily output during March 1-10, 2020; daily output of pig iron was 1.7078 million tons, up 0.74% from the daily output during March 1-10, 2020; daily output of steel products was 1.7585 million tons, up 4.88% from the daily output during March 1-10, 2020.
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DAILY: Shanghai Drawing Wire Rod Prices Inch Up
According to SteelHome survey, drawing wire rod prices rose by 20 yuan/t in Shanghai.
Although rebar futures price went down, however, the local stockpiles for drawing wire rod still remained low. Moreover, boosted by the price increase of billet and drawing wire rod in the northern market, local distributors tentatively raise their offers.
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Domestic galvanized sheet market was mainly up, while the coated sheet market price mixed. As of 28 May, the average price of 1.0mm galvanized sheet in 18 major markets was 5,044 yuan/t, up 61 yuan/t from the end of previous month; that of 0.476mm coated sheet in 15 major markets was 6,213 yuan/t, down 8 yuan/t from the end of last month. As the demand off season is coming in June, demand from the downstream sectors would be weaker. Therefore, SteelHome predicts that plating/coated sheet price will fluctuate slightly in June 2018.
I China Plating/coated Sheet/coil Market Mixed in May 2018
Domestic plating/coated coil market mixed in May 2018. Specifically, galvanized sheet price increased 100-150 yuan/t in Nanchang, Shenyang, Chengdu; 20-90 yuan/t in the rest markets. Prepainted sheet price increased 20-80 yuan/t in Boxing, Fuzhou, and Zhengzhou, 150-350 yuan/t in Wuhan and Chengdu; decreased 10-70 yuan/t in Shanghai, Wuxi, Beijing, and Shenyang, 130-170 yuan/t in Hangzhou and Tianjin, while the rest were stable.
On 28 May, SteelHome China Steel Price Index (SHCNSI) was 101.92 points (4,409 yuan), increasing 0.74 points (33 yuan) or down 1.48 percent from the end of April 2018. By products, flat index (SHCNSI-F) was 92.96 points (4,372 yuan), up 1.52 points (72 yuan) or down 0.65% from the end of previous month; the average price of 1.0mm galvanized sheet in 18 major markets was 5,044 yuan/t, up 61 yuan/t from the end of previous month; that of 0.476mm coated sheet in 15 major markets was 6,213 yuan/t, down 8 yuan/t from the end of last month.
Table 1: Galvanized Sheet Price Change of Key Markets
As of 23 november, steelhomeâ??s estimates of hot metal cost at chinese large and medium-scaled steel mills, averaged 2274.85 yuan/t (us$ 328.2) before 16% vat, down 38.59 yuan/t (us$ 5.6) from 16 november.
The cost to produce 20mmhrb400 rebar was 3869.75 yuan (us$ 558.4), down 75.1 yuan/t (us$ 10.8) from 16 november, and the costs to produce 5.75mmq235 hrc was 3519.75 yuan (us$ 507.9), down 45.1 yuan/t (us$ 6.5).
T1: hot metal cost at 60 chinese steel mills...…
Days before, Anyang City released Adjusted Measures for Orange Warning for Heavy Pollution Weather.
Time: begin at 20pm, 22th November
Requirements:
1. Anyang Steel: on the basis of staggering production, one sintering machine is shut down and two blast furnaces are squeezed production loads; the whole millâ??s crude steel production shall be controlled within 9500 tons; pollution control equipments shall be operated at normal pace; ammonia usage amount shall not exceed planed amount.
2. Other steelmakers in Anyang City: all sintering machines are shut down and blast furnaces are synchronously cut production load on the basis of staggering production.
SteelHome Express: Iron Ore Market Changed Little on December 19, 2018
The average price of iron ore concentrates at 14 main markets in China was 646 yuan/t on December 19, 2018, up 2 yuan/t from the previous trading day. Of this, the price in some areas in Hebei province increased slightly and other markets temporarily kept stable. It is expected that iron ore concentrates in China will remain stable with slight increase in the near future.
Imported Iron Ore: imported iron ore market operated weakly.
Overseas iron ore price from SteelHome: 61% PB fines was 68-69 dollars/t (CIF), 65% Brazilian fines was 85-86 dollars/t (CIF) and 58% Yandi fines was 62-63 dollars/t (CIF)...
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SteelHome: December Monthly Report of China Steel and Raw Materials Market
SteelHome website publishes monthly report on China Steel Market, HRC, CRC, Plating/Coated Sheet, Stainless Steel, Iron Ore, Scrap, Coal, and Coke each month.
If you are interested in SteelHome Monthly Report,
Monthly Report on China Steel Market for December 2018
Abstract
I Review on China steel market in December 2018
II Analysis on December 2019 Market
1. Crude steel production
2. Steel export.
3. Market inventory
4. Raw Materials
5. Economic indicators
6. Money supply
7. Conclusion
Summary
Table 1: PM2.5 in November and Yearly Change
Table 2: China Crude Steel Supply Forecast for December 2018 and January 2019
Table 3: China Market Inventories of Major Products by end of December 2018
Table 4: China Raw Materials Market Price in December 2018 (price in yuan/t)
Table 5: Major Economic Indicators and Downstream Industries Performance Increased in Jan-Nov 2018
Table 6: Production of Steel-consuming Industries Products
Figure 1: SteelHome China Steel Price Index (SHCNSI)
Figure 2: Daily Output of Crude Steel, Pig Iron and Steel of CISA Members in 2016-2018
Figure 3: BF Operating Rate of Chinese Steelmakers during 2016-2018
Figure 4: China Monthly Steel Import/Export in 2016-2018
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Conference Update: Preliminary Schedule of XV Steel Development Strategy Conference
XV Steel Development Strategy Conference will be held by SteelHome Website in International Convention Center, Shanghai during April 12-14, 2019. The theme of the conference will be "New Economy, New Momentum, and New Challenges". The preliminary arrangement of the conference is as follows:
Preliminary arrangement of keynote forums:
Register Time: 8:00-14:00, April 12, 2019 (Friday)
Register Location: Supreme Tower Shanghai (No. 600 LaoShan Road Pudong New Area)
Contents of the conference:
1) Discussions about macro-economy and the development strategy of the steel industry
2) Summit on steel products
3) Summit on raw materials
4) Summit on financial derivatives
5) Summit on downstream industries
6) Forum on E-commerce
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EU to Restrict in Importing Steel Products from Brazil and China
It was reported on 14 January 2019 that EU planned to set import quota for 26 steel products for different countries and levied 25% tariff on extra part.
The case will be voted on 16 January. If it is passed, it will go into effect on 4 February 2019. Afterward, 7 steel products from Brazil, 17 steel products from China, 16 steel products from Turkey and 15 steel products from India will be affected.
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