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July, 24th 2017

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China Steel Intelligence

Issue 15 03 Jul 2017

CSI: Can China's markets rebalance?

China’s wet summer has helped to ease the imbalance between rebar and hot rolled coil which has sent rebar prices soaring over HRC. The surge in rebar prices had been driven by capacity closures but the removal of that capacity does not necessarily mean that the rebar has now become permanently tight. 

Issue 14 02 Jun 2017

CSI: What the scrap?

Heading into summer, Chinese steel markets have remained surprisingly firm despite several warning signals starting to creep into the market. This has been in part because of a minimal slowdown in demand but mainly because of the continuing knock-on effects of the closure of induction furnace capacity.


Issue 13 03 May 2017

CSI: Q1 Too Good To Last

We hope you enjoyed the steel market in Q1, because it is unlikely to be repeated any time soon. The combination of factors which made the quarter so positive for prices, and profitable for steelmakers, is already fading away. That will impact both prices and margins, and Chinese steelmakers which did not do well in the last quarter are likely to struggle through the rest of the year.


Issue 12 04 Apr 2017

CSI: Asian Steel Market at a Turning Point

Asian steel markets are at turning points in both the short and long term. Luckily for us, this coincides perfectly with Kallanish Asia Steel Markets, which was held at the heart of changes in steel trade in Ho Chi Min City on 28-29 March. In the short term, China is seeing its steel markets turn downwards as some of the optimism of the start of the year fades. Several end use sectors are likely to confirm this trend as we will see from the latest data below.