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The latest data from the General Administration of Customs showed that in January-February 2024, China exported 15.912 million tonnes of steel, up 32.6% year-on-year; imported 1.131 million tonnes of steel, down 8.1% year-on-year. Net steel exports still show a sharp yea...Read more »
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At the end of February, China's hot-rolled and cold-rolled steel market continued to run shock, prices rose and fell, trading in general, the current market in March, the National People's Congress to release macro-beneficial information with strong expectations. Into th...Read more »
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Market Research Department, China Iron & Steel Industry Association In late February, five major varieties of steel social inventory in 21 cities was 13.67 million tonnes, an increase of 1.55 million tonnes, up 12.8%, inventories continue to ris...Read more »
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In January, China's steel market entered the traditional off-season of demand, and the intensity of steel production also declined. Overall, supply and demand remained stable, and steel prices oscillated slightly down. Into February, steel prices were narrow downward tre...Read more »
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Market Research Department, China Iron & Steel Industry Association In mid-February, five major varieties of steel social inventory in 21 cities was 12.12 million tonnes, an increase of 2.56 million tonnes, up 26.8%, a sharp rise in inventories;...Read more »
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After the Chinese New Year, rebar futures plate prices fell sharply for two consecutive trading days, and rebounded in the following two days, but the overall weakness prevailed. As of the week of February 23 (February 19-23), the main rebar contract closed at RMB 3,790/...Read more »
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In 2023, China (mainland China only, the same below) imported 7.645 million tonnes of steel, down 27.6% year-on-year; the average unit price of imports was US$1,658.5 per tonne, up 2.6% year-on-year; and 3.267 million tonnes of imported billet, down 48.8% year-on-year. C...Read more »
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In recent months, the export volume of galvanized steel sheet products in Tianjin Port has increased. The port is an important trading center for steel and other metal products, with reports of growing demand for galvanized coils and sheets. The i...Read more »
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Market Research Department of China Iron and Steel Industry Association In late January, the social inventory of the five major types of steel in 21 cities was 8.66 million tons, an increase of 430,000 tons month-on-month, or 5.2%. The inventory has...Read more »
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In the week from January 22 to January 26, China’s steel price index turned from falling to rising, with both the long product price index and the plate price index rising. That week, the China Steel Price Index (CSPI) was 112.67 points, up 0.49 poi...Read more »
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In December 2023, the demand for steel in the Chinese market continued to weaken, but the intensity of steel production also weakened significantly, supply and demand were stable, and steel prices continued to rise slightly. Since January 2024, steel prices have turned f...Read more »
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Since entering January, China's cold rolled steel coil, hot rolled steel in coils market overall trading flat, steel traders generally cautious about the market. It is expected that in the short term, the cold and hot rolled coil market will be weak consolidation operati...Read more »