News Categories

Social stocks of steel in mid-September 2024

CSPI weekly report on China Steel Price Index

Possible growth in rebar prices for October?

Forecast Steel Market Trends in October

Do you understand the density of steel?

Steel industry weakening recently?

Social inventories in early September 2024

'Golden nine' steel market can rebound?

Social stocks of steel in late August 2024

Were China's steel imports and exports decreasing in July?

0102030405

CSPI weekly report on China Steel Price Index

2024-09-29 09:36:04

China's steel price index declined in the week of 18 September-20 September, with the long steel price index rising and the plate price index falling.

NEWS

ABOUT IT

During the week, the China Steel Price Index (CSPI) stood at 90.85 points, a week-on-week drop of 0.05 points, or 0.05 per cent.
It was down 1.86 points, or 2.01 per cent, from the end of last month.
Down 22.05 points, or 19.53 per cent, from the end of last year.
Year-on-year decline of 18.68 points, down 17.05 per cent.

Sub-regional perspective, the country's six major regions steel price index week-on-week there are up and down, of which the largest decline is the south-central region, the smallest decline is the southwest region, the largest increase is the northeastern region, the smallest increase is the eastern region.

Specifically, the steel price index in North China was 89.90 points, a week-on-week decline of 0.13 points, or 0.15 per cent; year-on-year decline of 18.87 points, or 17.35 per cent.

Northeast region steel price index is 90.79 points, week on week rose 0.37 points, or 0.41%; year-on-year decline of 17.24 points, down 15.96%.

East China steel price index was 91.36 points, week on week rose 0.06 points, or 0.06%; year-on-year decline of 19.22 points, down 17.38%.

The steel price index for the south-central region was 92.53 points, down 0.34 points week-on-week, or 0.36 per cent; year-on-year decline of 19.06 points, or 17.08 per cent.

Southwest steel price index was 90.62 points, down 0.05 points week-on-week, down 0.06%; year-on-year decline of 17.99 points, down 16.56%.

Northwest region steel price index was 92.09 points, down 0.23 points week on week, down 0.25 per cent; year-on-year decline of 19.60 points, down 17.55 per cent.

Species----

Compared with the end of last month, eight steel varieties in addition to high wire prices flat with the end of last month, rebar prices rose slightly, other varieties of prices have declined.

Specifically, the diameter of 6 mm high wire price of 3495 yuan / tonne, flat with the end of last month; diameter of 16 mm rebar price of 3241 yuan / tonne, up 4 yuan / tonne over the end of last month, up 0.12%.

The price of 5# angle steel was RMB 3,374 per tonne, down RMB 83 per tonne from the end of last month, a decrease of 2.40%; the price of 20mm medium plate was RMB 3,222 per tonne, down RMB 77 per tonne from the end of last month, a decrease of 2.33%;

The price of 3 mm hot rolled steel coil was RMB 3,216 per tonne, down RMB 114 per tonne from the end of last month, a decrease of 3.42%;

The price of 1 mm cold rolled steel sheet was RMB 3,792 per tonne, down RMB 66 per tonne from the end of last month, a decrease of 1.71%;

The price of 1 mm galvanized steel sheet was RMB 4,185 per tonne, down RMB 172 per tonne from the end of last month, a decrease of 3.95%;

The price of 219 mm diameter x 10 mm hot-rolled seamless pipe was RMB 4,316 per tonne, down RMB 119 per tonne, or 2.68%, from the end of last month.

Cost side

Data from the General Administration of Customs show that in August, the average price of imported iron ore was $102.62 per tonne, down $3.05 per tonne, or 2.89%; down $20.64 per tonne, or 16.75%, compared with the average price in December 2023; and down $5.28 per tonne, or 4.89%, compared with the same period last year.

In the week of September 18-September 20, the price of iron ore concentrate in the domestic market was RMB 849 per tonne, down RMB 30 per tonne, or 3.41%, from the end of last month; down RMB 261 per tonne, or 23.51%, from the end of last year; and down RMB 159 per tonne, or 15.77%, year-on-year.

The price of coking coal (grade 10) was RMB 1,683 per tonne, down RMB 10 per tonne, or 0.59%, from the end of last month; down RMB 910 per tonne, or 35.09%, from the end of last year; and down RMB 515 per tonne, or 23.43%, year-on-year.

Coke price was RMB 1,633 per tonne, down RMB 44 per tonne, or 2.62%, compared with the end of last month; down RMB 821 per tonne, or 33.46%, compared with the end of last year; down RMB 521 per tonne, or 24.19%, compared with the same period last year.

The price of steel scrap was RMB 2,409 per tonne, down RMB 13 per tonne, or 0.54%, from the end of last month; down RMB 580 per tonne, or 19.40%, from the end of last year; and down RMB 535 per tonne, or 18.17%, year-on-year.

International Market

In August, CRU international steel price index was 183.3 points, down 6.9 points, or 3.6%; down 35.4 points, or 16.2%, compared with the end of last year; a year-on-year decline of 24.4 points, or 11.7%. Among them, the CRU Long Products Price Index was 198.0 points, down 3.4 points, or 1.7 per cent; down 15.8 points, or 7.4 per cent, from the end of last year; and down 17.1 points, or 7.9 per cent, year-on-year.The CRU Plate Price Index was 176.1 points, down 8.6 points, or 4.7 per cent; and down 45.0 points, or 20.4 per cent, from the end of last year; Year-on-year decline of 28.1 points, down 13.8%.

Sub-regional perspective, in August, the North American steel price index was 204.5 points, down 4.6 points, down 2.2%; European steel price index was 211.2 points, down 3.1 points, down 1.4%; Asian steel price index was 155.5 points, down 10.3 points, down 6.2%.

Interested?

Let us know more about your project.

REQUEST A QUOTE