Chinese steel rebar

Chinese steel rebar futures at SHFE clings to contract lows

Chinese steel futures drifted to near contract lows on Thursday, as poor demand in the world's top consumer weighed on prices.

The most-traded May rebar contract on the Shanghai Futures Exchange ended 0.2 percent lower at 3,456 yuan a tonne, not far from a low of 3,449 yuan hit on Wednesday, its weakest since the contract was launched in April 2009.

Slower demand and tougher environmental checks have forced steel mills in the world's biggest producer to cut output significantly, easing a supply glut. China's average daily steel output fell 2.7 percent to 1.961 million tonnes in the last 11 days of December from the preceding 10-day period, dipping below 2 million tonnes for the first time since early February 2013.

(www.steelguru.com)

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China Steel Corp one of Taiwan's leading steel makers

CSC February capacity fully booked China Steel Corp one of Taiwan's leading steel makers, said Saturday that its production capacity for February is fully booked due to solid demand from its clients in the downstream steel industry.

Judging from the backlog of orders, China Steel said its shipments for February are expected to remain steady compared with a shipment of approximately 1.02 million metric tonnes for January.

However, due to the fewer number of working days in January as a result of the upcoming Lunar New Year holiday, shipments for the month will fall slightly from the 1.04 million metric tons recorded in December.

The December shipments were calculated based on a combination of China Steel's 750,000 metric tonnes and its unit Dragon Steel Corp.'s 286,000 metric tonnes.

Although the Lunar New Year holiday, which falls on January 30 and will continue until February 4 this year, will cut the number of working days short in February as well, the fully booked capacity will ensure that shipments for February will offset the impact from the fewer working days and remain stable, the steel maker said.

Due to the solid orders from downstream clients, China Steel said it expects its monthly production to range between 750,000 metric tons and 790,000 metric tons, while Dragon Steel could roll out more than 200,000 metric tons of steel products in February.

(www.steelguru.com)

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Chinese flats suppliers

Chinese flats suppliers eying for recovery before the Spring Festival

Despite gloom writ large in Chinese steel market despair is the last word in the global depository of steel. Churning out volumes in the worst of times is miracle witnessed only in China and the hope for revival never dies.

Chinese economy despite slothfulness has clocked nearly 7.6% GDP in 2013 way ahead of global lagers who have not been able reach half of it. Approaching Spring Festival in early February has traditionally been phase of heightened demand and activity before the holidays and in anticipation of pick up in construction and industrial activity during spring and summer season.

Most of steel makers have pegged their hopes on revival despite slow demand. However situation has barely changed for the moment with the most active rebar futures for May contract on the Shanghai Futures Exchange lost 1 percent to CNY 3573 per tonne by close, as demand outlook remained shaky despite firm raw material prices.

Some recent weather happenings have disrupted supply from the two main exporting countries of Australia and Brazil. It has led to spike in Iron ore price levels.

Chinese iron ore futures extended gains to hit a two-week high on Monday amid supply concerns. The most-traded iron ore futures May contract on the Dalian Commodity Exchange rose to a session high of CNY 920 ($150), a level last seen on Dec. 17.

Obvious fall out will be squeezing of the margins of steel makers unless demand picks up before Spring festival.

(www.steelguru.com)

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Stainless steel from China

Vietnam imposes antidumping taxes over imported stainless steel from China

Xinhua reported that Vietnam's Ministry of Industry and Trade recently issued a decision on application of provisional antidumping measures on certain imported cold-rolled stainless steel.
The ministry said on its website on Friday that the decision was issued on Wednesday, defining the details on application of provisional antidumping duties on certain cold-rolled stainless steel imported into Vietnam originating in China, Indonesia, Malaysia and China' Taiwan.
Cold-rolled stainless steel products which are classified under HS of 7219.32.00; 7219.33.00; 7219.34.00; 7219.35.00; 7219.90.00; 7220.20.10; 7220.20.90; 7220.90.10; 7220.90.90 will be applied provisional antidumping duties, said the ministry.
Specifically, producers from China are defined to suffer antidumping taxes from 6.45% to 6.99%, from Indonesia 12.03%, Malaysia 14.38% and China's Taiwan 13.23% to 30.73%
The ministry said that the current import duty rates of these products are from zero percent to 10%.
The decision takes effect after 30 days from the date of signing. Provisional antidumping duties are applied within 120 days since the decision takes effect.
The investigation of antidumping case was conducted from July 2013 after two Vietnamese companies including POSCO Vst Co Ltd and Inox Hoa Binh Joint Stock Company filed a lawsuit on antidumping over cold-rolled stainless steel imported into Vietnam from China, Indonesia, Malaysia and China's Taiwan.
Source – Strategic Research Institute
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Chinese steel market in limbo

Production drop and low winter off take keeps Chinese steel market in limbo

Latest production release by CISA shows downtrend in production of steel in early December. December (Dec. 1-10) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totalled 1.6951 million tonnes, down 0.81 percent compared to late November (Nov. 21-30). Meanwhile, the average aggregate daily crude steel production of all steelmakers in China in early December was estimated at 2.0129 million tonnes, indicating a decrease of 3.7 percent compared with late November.

Inventory of the main finished steel products in the major steel markets in China totalled 13.2113 million tonnes, up 1.99 percent as compared to the figure recorded on November 30 showing lukewarm off take during winter.

As mentioned earlier production has taken beating owing to Chinese government diktat to cut down 50% power consumption in Hebei region in a bid to reduce pollution. It has come as double whammy during a season typically beset with slow demand. Understandably inventory levels have shown increase despite curtailed production.

Class 12-Dec 19-Dec Change
CLPPI 6226 6206 -20
CFPPI 5629 5623 -6
CHISPI 5888 5876 -12

CLPPI – Chinese Long Product Price Index
CFPPI – Chinese Flat Product Price Index
CHISPI – Chinese Steel Price Index

Source – Strategic Research Institute

(www.steelguru.com)

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Chinese coal prices up by 2pct

China's raw coal prices edged up further last week, buoyed up by increased demand from coal consumers for winter use, the Ministry of Commerce was cited as saying.

The demand for the fuel has escalated as coal consumers try to stockpile ahead of a frosty winter. Power plants in South China also accelerated purchasing activity, which gave another push for the price hike. The price of lignite, soft coal and anthracite was up by 2.8%, 1.5% and 1.3% respectively.

Industry sources reported that the price of thermal coal produced in Shanxi province increased by 2.1% at Qinhuangdao port on October 14 compared with a week earlier.

Bohai-Rim Steam-Coal Price Index, or BSPI gained by CNY 10 to CNY 842 compared with the previous week. The weekly gauge tracks power-station coal prices at six major Chinese ports.

(Source: www.steelhome.cn/en)
China steel information centre and industry database

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China Steel News: CCCMC reference prices for coke exports

CCCMC released on August 30 2011 the average reference prices for coke export transactions concluded in the previous week USD 495 per tonne to 500 per tonne FOB.

Issuance Date	High Price	Low Price
2011.08.30	500	495
2011.08.23	500	495
2011.08.16	500	495
2011.08.09	500	495
2011.08.02	498	494

In USD per tonne

The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters is the largest trading association in China. The CCCMC reference prices are average prices for coke export transactions concluded the week prior to issuance date of such reference prices.

(Sourced from MySteel.net)
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China province wise ferroalloy output in Jan to Jul 2011

It is reported that China province wise ferroalloy output during January to July total 16.41 million tonnes which Inner Mongolia topping the table.

Province	Jul'11	Jul'10	Change	Jan-Jul'11	Jan-Jul'10	Change
Total	2.42	1.86	29.8	16.41	13.46	21.9
Inner Mongolia	0.30	0.17	82.5	2.30	1.93	19.4
Hunan	0.31	0.19	63.3	1.96	1.37	43.3
Guangxi	0.27	0.23	19.6	1.78	1.53	15.9
Guizhou	0.24	0.15	59.1	1.48	1.04	42.6
Sichuan	0.22	0.14	55.3	1.44	1.06	36.3
Shanxi	0.12	0.14	-12.7	1.01	0.80	25.8
Ningxia	0.15	0.11	37.7	0.95	0.81	16.6
Henan	0.13	0.16	-19.6	0.80	0.96	-16.7
Gansu	0.10	0.08	27.5	0.74	0.61	21.4
Qinghai	0.08	0.09	-3.5	0.63	0.55	13.7
Jiangsu	0.08	0.08	-9.6	0.48	0.54	-12.3
Liaoning	0.07	0.06	23.3	0.47	0.42	10.2
Yunnan	0.08	0.08	10.7	0.41	0.32	27.7
Jilin	0.05	0.03	55.2	0.34	0.29	14.7
Shandong	0.04	0.02	65.2	0.30	0.20	51.5
Sha'anxi	0.05	0.02	95.8	0.28	0.17	70.3
Chongqing	0.03	0.03	-21.2	0.25	0.22	11.7
Fujian	0.03	0.02	60.0	0.20	0.12	60.7
Hubei	0.02	0.03	-4.0	0.18	0.15	19.7
Hebei	0.02	0.02	11.8	0.18	0.15	20.8
Zhejiang	0.02	0.02	6.3	0.11	0.11	-3.6
Xinjiang	0.01	0.01	18.2	0.09	0.07	34.3
Anhui	0.00	0.00	100.0	0.04	0.02	125.0
Jiangxi	0.00	0.00	0.0	0.01	0.01	14.3

In million tonnes

(Sourced from www.Mysteel.net)
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Governor of China Qinghai Province to invest CNY 20 billion in mineral exploration in 2011 to 2015

According to Mr Luo Yulin vice governor of China Qinghai Province that the province aims to invest CNY 3 billion in mineral resource exploration this year and a total of CNY 20 billion in China 12th five year plan period (2011-15).

During the 11th five-year plan period (2006-10), Qinghai



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Chinese steel price index continues to decreasing on August 10

The Chinese Long Product Price Index CLPPI went down by 11 points on August 10th 2011 whereas the Chinese Flat Products Index CFPPI went down by 4 points. The overall price index CHISPI went down by 7 points.

Class	09-Aug	10-Aug	Change	%
CLPPI	7719	7708	-11	-0.1%
CFPPI	7615	7611	-4	-0.1%
CHISPI	7660	7653	-7	-0.1%

CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index

Long Products

Category	09-Aug	10-Aug	Change	%
PI - WRC	6473	6471	-2	0.0%
PI - Rebar	9227	9204	-23	-0.2%

PI- Product Index

Flat Products

Category	09-Aug	10-Aug	Change	%
PI - Plates	6928	6924	-4	-0.1%
PI - HR	7885	7878	-7	-0.1%
PI - CRC	7355	7356	1	0.0%
PI - HDG	7523	7523	0	0.0%

PI- Product Index

To know more about these indices please visit
http://steelprices-china.com/spi_services/spi.html

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(Sourced from www. steelprices-china.com)

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Chinese domestic steel billet price on August 10

Billets
150*150
Q235

Location	In CNY	In USD
Fujian	0	0
Liaoyang	0	0
Linfen	0	0
Linzhou	0	0
Shandong	0	0
Tangshan	10	2
Tianjin	0	0
Zibo	0	0
Average	1	0

Change is on 10th August as compared to 9th August 2011
Change is per tonne
USD:CNY = 6.42

To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a mail to admin@steelprices-china.com. Please note that this is a paid service.

(Sourced from www. steelprices-china.com)

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Macroeconomic indicators - China CPI growth widened to 6pct in July

China Knowledge quoted according to statistics released by the National Bureau of Statistics China consumer price index, the major gauge of inflation increased 6.5%YoY in July this year reflecting the highest level since June 2008.

According to the statistics the CPI in urban areas rose

 

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China data may be rare bright spot

Reuters reported that Chinese economic data recently which include retail sales, industrial output and consumer prices for July could give skittish financial markets a break from bad news if it shows the world growth engine whirring along as expected.

But the figures are also likely to show

 

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China and Korea negotiate on surging export of China steel to Korea

It is reported that over fifty governmental officials and professionals of steel industry attended the 16th Sino-Korea Steel Association Conference held at Busan in Korea.

Insiders said participants exchange views on surging export volume of China steel to Korea discussing how to deal with

 

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Chinese domestic narrow HR strip prices on August 5

HR Strip
183*2.75

Location	In CNY	In USD
Shanghai	0	0
Hangzhou	-10	-2
Guangzhou	0	0
Wuhan	0	0
Tianjin	0	0
Chengdu	0	0
Wuxi	0	0
Lecong	-10	-2
Tangshan	0	0
Average	-2	0

Change is on 5th August as compared to 4th August 2011
Change is per tonne
USD:CNY = 6.44

To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a mail to admin@steelprices-china.com. Please note that this is a paid service.

(Sourced from www. steelprices-china.com)

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Mr Xu Lejiang met Dr Geoff Raby to China

Baosteel Group Chairman Mr Xu Lejiang met the Australian Ambassador to China, Dr Geoff Raby in Baosteel Building. Both sides carried out the friendly exchanges on the relevant trade cooperation between Australia and Baosteel.

Dr Geoff Raby has served as Australia Deputy Minister of Foreign

 

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Rongsheng launches 400000 DWT VLOC VALE CHINA

China Rongsheng Heavy Industries Group Holdings Limited a large heavy industries group in China and Vale SA the largest global iron ore supplier from Brazil held a naming and launching ceremony on July 9 for the first ever 400,000 DWT Very Large Ore Carrier built in China.

This new VLOC,

 

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Chinese copper demand stages comeback in June

Reuters reported that China's copper staged a strong comeback in June, but the outlook was marred by falls in a list of other key commodities, showing that Beijing's cooling measures were weighing on the economy.

Crude oil imports fell 11.5% from a year ago to their lowest in eight

 

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CAAM announces 5 best selling SUV and MPV models for H1

China Knowledge quoted according to a report released by China Association of Automobile Manufacturers that sales of the Great Wall Hover ranked first among sport utility vehicles in China with sales of 77,400 units in the first half of this year.

The Volkswagen Tiguan ranked second with

 

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Cheaper electricity to help power companies restart sick units

ET reported that power exchanges are flush with electricity, which is available cheap as low as INR 1.50 per unit at night and industrialists are lapping it up to restart sick units, introduce night shifts, and retire diesel fired backup units where costs are as high as INR 11 per

 

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