In the week of April 1-April 7, China's steel price index continued to decline, the rate of decline narrowed, long steel price index, plate price index have declined.
That week, the China Steel Price Index (CSPI) was 104.57 points, down 0.70 points week-on-week, down 0.66%; down 0.70 points from the end of last month, down 0.66%; down 8.33 points from the end of last year, down 7.38%; the year-on-year decline of 12.42 points, down 10.62%.
Among them, the price index of long steel was 105.51 points, down 0.54 points or 0.51% week-on-week; down 0.53 points or 0.50% from the end of last month; down 10.60 points or 9.13% from the end of last year; down 15.41 points or 12.74% year-on-year. The plate price index was 103.72 points, down 0.80 points week-on-week, down 0.76%; down 0.79 points from the end of last month, down 0.76%; down 8.08 points from the end of last year, down 7.23%; down 14.33 points year-on-year, down 12.14%.
Sub-regional perspective, the country's six major regions' steel price index week-on-week decline, including the largest decline in Northwest China, and the smallest decline in East China.
Specifically, the steel price index in North China was 103.31 points, a week-on-week decline of 0.73 points, or 0.70%; compared with the end of last month, down 0.73 points, or 0.70%.
Northeast region steel price index was 103.68 points, a week-on-week decline of 0.73 points, down 0.70%; than the end of last month, down 0.74 points, down 0.71%.
East China steel price index was 105.26 points, a week-on-week decline of 0.50 points, down 0.47%; than the end of last month, down 0.49 points, down 0.46%.
The steel price index in the central and southern region was 106.79 points, a week-on-week decline of 0.57 points, down 0.53%; compared with the end of last month, down 0.57 points, down 0.53%.
Southwest steel price index was 104.41 points, a week-on-week decline of 0.97 points, down 0.92%; than the end of last month, down 0.97 points, down 0.92%.
Northwest region steel price index was 105.85 points, a week-on-week decline of 1.19 points, down 1.12%; compared with the end of last month, down 1.20 points, down 1.12%.
Sub-species point of view, compared with the end of last month, eight major steel varieties' prices have declined, of which the largest drop for the plate, and the smallest drop for the hot-rolled seamless pipe.
Specifically, the diameter of 6 mm high wire price of 3772 CNY/ton, compared with the end of last month fell 18 CNY/ ton, down 0.47%;
The price of 16 mm diameter rebar was 3502 CNY/ton, down 16 CNY/ton from the end of last month, down 0.45%;
5 # angle steel price of 3860 CNY/ton, down 24 CNY/ton from the end of last month, down 0.62%;
20mm medium plate price of 3870 CNY/ton, down 49 CNY/ton from the end of last month, down 1.25%;
3 mm hot rolled coil price of 3857 CNY/ton, compared with the end of last month fell 24 CNY/ton, down 0.62%;
1 mm cold rolled steel sheet price of 4473 CNY/ton, compared with the end of last month fell 35 CNY/ton, down 0.78%;
1 mm galvanized steel sheet price of 4,942 CNY/ton, down 34 CNY/ton from the end of last month, down 0.68%;
Diameter 219 mm × 10 mm hot-rolled seamless pipe price of 4728 CNY/ton, down 18 CNY/ton from the end of last month, down 0.38%.
From the cost side, data from the General Administration of Customs show that in January-February 2024, the average price of imported iron ore was $131.1/ton, up $7.84/ton, or 6.4%, compared with the end of last year; higher than the same period last year, $15.8/ton, up 13.6%.
In the week of April 1-April 3, the price of iron powder in the domestic market was RMB 930/ton, down RMB 31/ton, or 3.23%, from the end of last month; down RMB 180/ton, or 16.22%, from the end of last year; and down RMB 66/ton, or 6.63%, from the same period last year. The price of coking coal (grade 10) was RMB 1,928/ton, unchanged from the end of last month; down RMB 665/ton, or 25.65%, from the end of last year; down RMB 450/ton, or 18.92%, year-on-year. Coke price was RMB 1,767/ton, down RMB 25/ton, or 1.40%, compared with the end of last month; down RMB 687/ton, or 28%, compared with the end of last year; down RMB 804/ton, or 31.27%, year-on-year. The price of steel scrap was RMB 2,710/tonne, down RMB 40/tonne, or 1.45%, from the end of last month; down RMB 279/tonne, or 9.33%, from the end of last year; down RMB 473/tonne, or 14.86%, year-on-year.
From the perspective of the international market, in March 2024, CRU International Steel Price Index was 210.2 points, down 12.5 points or 5.6% from the previous year; down 8.5 points or 3.9% from the end of last year; down 32.7 points or 13.5% from the previous year.
Among them, the CRU Long Products Price Index was 217.4 points, flat year-on-year; down 27.1 points, or 11.1% year-on-year. the CRU Plate Price Index was 206.6 points, down 18.7 points, or 8.3% year-on-year; down 35.6 points, or 14.7% year-on-year. Sub-regionally, in March 2024, the price index of North America was 241.2 points, down 25.4 points, or 9.5%; the price index of Europe was 234.2 points, down 12.0 points, or 4.9%; the price index of Asia was 178.7 points, down 5.2 points, or 2.8%.
During the week, steel prices continued to fall. Although steel inventories and social inventories have declined from the previous year, they are still at a high level year-on-year, and market confidence is still insufficient. In the meantime, the National Development and Reform Commission confirmed that this year will continue to implement the crude steel production control policy, the market is expected to enhance, and the downtrend will slow down. Into April, some steel enterprises into a loss chose to stop production and the maintenance of steel enterprises continued to increase. At the same time, the price of raw fuels also fell, as expected in the short-term steel prices shock weak run.
Post time: Apr-15-2024