Cookie & Privacy Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. View the privacy policy to find out more here.
Latest prices

Latest news

Home China Focus China Steel Intelligence

CSI: Chinese New Year brings demand hopes

CSI: Chinese New Year brings demand hopes (Jan. 10, 2020)

Sample files

Chinese steel markets fell quiet at the end of 2019 and are likely to remain quiet until the Chinese New Year holiday at the end of January. A quickening increase in inventory levels is being offset by expectations of firm demand in the first half of the year. 


Government support is key to boosting those expectations, but the success of supportive measures will not be known until real end user buying picks up. That will also then define both import and export markets, and the resulting impact on international steel markets.
 

The question now is, will expectations of strong spring demand prove true?
 

Latest prices

+/-
CRC / N America Ex-Works USD/s.ton 0.0%
HRC / N America Ex-Works USD/s.ton 2.0%
Plate / N America Ex-Works USD/s.ton 0.0%
HDG / Italy Ex-Works EUR/t 0.0%
Rebar / Turkey FOB USD/t 0.0%
E6 New cutting scrap (DKP) / Turkey / delivered basis, TRY/t 0.0%
HMS 1/2 Scrap / Taiwan CFR USD/t 0.0%
HRC / S Europe CIF EUR/t 2.0%
More Ferrous prices

More Global Prices

+/-
E3 Demolition Scrap / Austria Ex-Works EUR/t 0.0%
E40 Shredded Scrap / Italy Delivered Basis EUR/t 0.0%
Pig Iron / Brazil FOB USD/t 2.0%
Shredded Scrap / Turkey / CFR USD/t 0.0%
CRC / Italy Ex-Works EUR/t -1.0%
E3 Demolition Scrap / Germany Ex-Works EUR/t 1.0%
E3 Demolition Scrap / Italy Delivered Basis EUR/t 7.0%
Billet / Tangshan Ex-Works CNY/t 1.0%
KORE 62% Fe / Qingdao CFR USD/t 4.67%
Billet / CIS-Black Sea FOB USD/t 0.0%
Heavy Scrap / China / CNY/t 0.0%
Pig Iron / Black Sea FOB USD/t 1.0%
More Ferrous prices