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| Rebound of HC steel price arouses no surprise to the steel industry - 29 Jul, 2010 | |||||||||||||||||||||||
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On July 27, Chinese major steel enterprises such as Hebei Iron and Steel Group has issued the settlement price of high carbon steel in July and the guidance price of steel in August, but the trend of the two is totally opposite, as the former price is down and the latter price is up. Industry insiders express no surprise however and demand of such steel will expand in Q4 further according to them. High quality carbon steel with lower sulfur and phosphorus content and can be used as complex parts for automobiles and bolts. Bearing steel, spring steel, tool steel and etc all belong to this category. Shougang steel and Hebei Iron and Steel Group are major producers of such steel. Price adjustment released on July 27th shows that the settlement price of main steel species in Shougang steel in July is down by CNY 293 to CNY 351 per tonne On the same day, the structural steel under mode 50mm diameter is down by CNY 170 per tonne and the structural steel above mode 50mm diameter is down by CNY 200 per tonne for Hebei Iron and Steel Group, while the guidance price of structural steel of the above two modes in August is up by CNY 150 per tonne. China Special Steel Association has held a market early warning meeting on July 26, and 24 member enterprises have reach a consensus that it is normal for such steel to follow the rebound trend. As to market demand, the state investment in the construction of indemnificatory housing and the transformation of dilapidated houses as of 700m sets will be a very strong force to stimulate the demand of construction steel and gifted steel. Recently, although affected by the off-season situation of some downstream industries, the demand for gifted steel will remain stable in quite a long period and expand in Q4. www.steelprices-china.com is a comprehensive service for tracking real time domestic steel prices and trends in China on daily basis. The scope of service includes 1. Domestic pricing information in China 2. Export levels from Turkey, Rotterdam, China, India and Black Sea The service is specifically designed to assist steel makers, traders, users and others connected with the industry to keep track of real time prices prevailing in the market and thus comprehensively evaluate steel pricing trends in the trend setting region Methodology and access 1. Benchmark products in each category with fixed commonly used sizes and grades 2. Average transaction levels which have settled well, based on continuous interactions with domestic mills and traders 4. On fixed market oriented payment terms 5. Daily updates 6. Data available since July 2008 5. Access through web site Products covered 1. Input materials and semis 2. Long Products 3. Flat Products 5. FOB levels for export FOB Black Sea, China, Turkey and India Other features The prices are displayed on weekly and monthly basis. They also have search facilities to access old data from the archives. Graphical representation of trends and comparison of price movement 2 or more products is also available. In addition, you can monitor currency exchange rates, metal prices, BDI for the day as well as access their archives for past data. Other features include converters for weight, length etc, glossary and advanced search functions. The benchmark product price information is supplemented by global pricing news. Subscription charges for 12 months period
How to subscribe 1. Register at www.steelprices-china.com and pay on line or ask for invoice 2. Send mail to admin@steelprices-china.com. (Sourced from www.steelprices-china.com) | |||||||||||||||||||||||
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