CSPI China Steel Price Index Weekly Report Mid-April

During the week of April 15-April 19, China's domestic steel price index picked up, with the long steel price index and the plate price index both picking up.

That week, China Steel Price Index (CSPI) was 106.61 points, an increase of 1.51 points week-on-week, an increase of 1.44%; than the end of last month rose 1.34 points or 1.27%; than the end of last year, a decline of 6.29 points, or 5.57%; year-on-year decline of 8.46 points, a decline of 7.35%.

Among them, the long steel price index was 109.11 points, an increase of 2.62 points week-on-week, an increase of 2.46%; an increase of 3.07 points over the end of last month, an increase of 2.90%; a decrease of 7.00 points over the end of last year, a decrease of 6.03%; a year-on-year decrease of 9.31 points, a decrease of 7.86%.

Plate price index was 104.88 points, an increase of 0.91 points week-on-week, an increase of 0.88%; than the end of last month rose 0.37 points, or 0.35%; than the end of last year, a decline of 6.92 points, or 6.19%; year-on-year decline of 11.57 points, a decline of 9.94%.

Sub-regional perspective, the country's six major areas of steel price index week-on-week increase, of which the largest increase is in East China, the smallest increase is in the Northwest.

Specifically, the steel price index in North China was 105.94 points, an increase of 1.68 points week-on-week, an increase of 1.61%; compared with the end of last month rose 1.90 points, or 1.83%.

Northeast steel price index was 105.72 points, an increase of 1.55 points week-on-week, an increase of 1.49%; than the end of last month rose 1.30 points, or 1.24%.

steel coil

East China's steel price index was 107.45 points, an increase of 1.76 points week on week, an increase of 1.66%; than the end of last month rose 1.70 points, or 1.61%.

South Central region steel price index was 108.70 points, an increase of 1.64 points week on week, an increase of 1.53%; than the end of last month rose 1.34 points, or 1.25%.

Southwest steel price index was 105.98 points, an increase of 1.13 points week-on-week, an increase of 1.08%; than the end of last month rose 0.60 points, or 0.57%.

Northwest steel price index was 107.11 points, an increase of 0.77 points week-on-week, an increase of 0.72%; than the end of last month rose 0.06 points, or 0.06%.

In terms of varieties, compared with the end of last month, the prices of the eight major steel varieties have risen and fallen. Among them, high wire and rebar prices rose, while other varieties declined.

hot rolled steel plate

Specifically, the price of 6 mm diameter high wire was RMB 3,933/ton, up RMB 143/ton from the end of last month, up 3.77%;

The price of 16 mm diameter rebar was RMB 3,668/ton, up RMB 150/ton from the end of last month, an increase of 4.26%;

5 # angle steel price of 3,899 yuan/ton, up 15 yuan/ton from the end of last month, an increase of 0.39%;

20 mm medium plate price of 3898 yuan/ton, down 21 yuan/ton from the end of last month, down 0.54%;

3 mm hot rolled steel coil price of 3926 yuan/ton, up 45 yuan/ton from the end of last month, or 1.16%;

1 mm cold rolled steel sheet price of 4488 yuan/ton, than the end of last month, fell 20 yuan/ton, down 0.44%;

1 mm galvanized steel sheet price of 4955 yuan/ton, down 21 yuan/ton from the end of last month, down 0.42%;

Diameter 219 mm × 10 mm hot-rolled seamless pipe price of 4776 yuan/ton, up 30 yuan/ton from the end of last month, an increase of 0.63%.

From the cost side, the General Administration of Customs data show that in March, the average price of imported iron ore was $ 125.96 / ton, down $ 5.09 / ton, or 5.09%; than the average price in December 2023 rose 2.70 U.S. dollars/ton, or 2.19%; than the same period last year higher than $ 8.26 / ton, or 7.02%.

In the week of April 15-April 19, the price of iron ore concentrate in the domestic market was RMB928/ton, down RMB33/ton, or 3.43%, from the end of last month; RMB182/ton, or 16.40%, from the end of last year; and RMB48/ton, or 4.92%, from the same period last year.

The price of coking coal (grade 10) was RMB 1,903/ton, down RMB 25/ton, or 1.30%, from the end of last month; down RMB 690/ton, or 26.61%, from the end of last year; down RMB 215/ton, or 10.15%, year-on-year.

hot rolled steel coil

Coke price was RMB 1,754/ton, down RMB 38/ton or 2.12% from the end of last month; down RMB 700/ton or 28.52% from the end of last year; down RMB 682/ton or 28.00% year-on-year. The price of steel scrap was RMB 2,802/ton, an increase of RMB 52/ton or 1.89% from the end of last month; a decrease of RMB 187/ton or 6.26% from the end of last year; and a year-on-year decrease of RMB 354/ton or 11.22%.

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, domestic steel prices continued to pick up, and steel social inventories and enterprise inventories continued to fall on a year-on-year basis. 


Post time: Apr-25-2024