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Chinese Steel Price Surge Not Sustainable

The rapid increase in Chinese steel prices so far this year is not sustainable, as it is largely due to a seasonal pick-up in construction and elevated speculation in the steel futures market, says Fitch Ratings. Fitch expects supply of ...

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China steel rally unsustainable as production rises

The recent rally in steel prices in China will be unsustainable, given rising output from steel mills in the world’s biggest producer and consumer of the alloy, the China Iron & Steel Association (CISA) said. While government measures to boost ...

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Iron ore steady, firm China steel pricing keeps buying interest intact

Iron ore futures in Asia steadied on Wednesday as firm Chinese steel prices supported buying interest among mills looking to restart production. Chinese steel producers have been either boosting output or resuming operations amid recent gains in prices as they ...

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China Steel prices continues to spiral downwards in June

Chinese steel prices have continued to spiral downwards in June, said MEPS International. According to MEPS, the average decrease is around 5 percent, month-on-month. The reduction has occurred despite a recent rally in iron ore prices. This situation has accelerated the deterioration ...

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Chinese Steel prices fast becoming benchmark values in many negotiations

Chinese steel-makers are expanding their influence in the global market at a rapid pace, said MEPS International. Most carbon steel products exported from China are, no longer, considered to be significantly inferior to local material for the majority of applications. ...

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China’s steel exports rises to a record

Steel exports from China, the world’s largest producer, rose to a record for a fifth month. The country shipped 10.29 million metric tons of steel products in January, according to data released by the customs administration . China’s outbound shipments ...

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Chinese steel prices crash by 0.5pct on September 9

The Chinese Long Product Price Index CLPPI has declined by 28 points . whereas the Chinese Flat Products Index CFPPI has also declined by 25 points. The overall price index CHISPI has gone down by 26 points. Class 05/Sep 09/Sep ...

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Chinese steel prices will remain low

China’s steel prices are expected to stay low, claims MySteel, as the country enters the hottest period of the year. The Myspic steel price index, which is compiled by MySteel, declined 0.1% to 119.82 and Chinese steel prices are expected ...

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