In terms of fundamentals, affected by the southern rainy season and high temperature weather, downstream demand continues to be depressed, although the table demand has picked up slightly this week, but the overall low, seasonal characteristics are obvious; The supply has increased slightly, although the profits of the steel mill have fallen this week, the …
Price: Steel prices fell this week. This week 20mm HRB400 material thread price is 3730 yuan/ton, compared with last week -1.0%, hot rolled 3.0mm price is 3900 yuan/ton, compared with last week -1.0%. This week raw material prices diverged, port iron ore prices fell; Coke prices are flat; Scrap prices are up. Profits: Rebar profits …
As of the week of July 10, the total stock of urban steel in 39 cities and 146 warehouses was 8.8774 million tons, an increase of 98,700 tons from the previous week, an increase of 1.12%. Among them, the total inventory of construction steel (including 30 cities, a total of 85 warehouses) was 4,872,600 tons, …
Third quarter steel market wide shock pattern under the bottom will raise gold futures July 5 news, according to monitoring data, at the end of June this year, 29 key cities nationwide steel social inventory of 10.3579 million tons, down 25.8%; Among them, the social inventory of building materials was 5.712,900 tons, down 35.4% year-on-year; …
[Market expectations are still weak steel trade enterprises how to “break the game”] Since last winter, due to the decline in steel prices, many steel mills, steel traders are facing tests and operating pressure, labor costs, compliance costs and other control problems are becoming more severe. Since June, although steel prices have rebounded, but affected …
Market expectations are still weak steel trade enterprises how to “break the game” Read More »
On July 6, the factory price of Tangshan billet stabilized to 3570 yuan/ton, the spot market as a whole was stable, and the transaction performance was general. From the basic point of view, affected by the rainy season in the south, downstream demand continues to be depressed, and the table demand has picked up slightly …
01 Great change: The steel industry reshuffle Since 2023, the steel industry has shown a clear peak season is not “prosperous”, and the phenomenon of enterprise losses has expanded. This should be “hot” “golden March” turned into a “watershed” of steel prices, since the middle of March to May 31, rebar main futures prices have …
What happened to the disappearing demand for steel? 2 Read More »
Since July, the temperature has been rising, and people generally feel that the summer is unbearable. However, the steel industry has no heat in this summer, as cold as entering the Arctic ice and snow, and the level of industry profits has been at a new low since 2015. According to the data of the …
What happened to the disappearing demand for steel? 1 Read More »
Dialogue with Rio Tinto Iron Ore CEO: Will provide stable and sustainable iron ore supply to China through the necessary investment Continuous expansion of production to ensure iron ore quantity and high quality supply Before becoming head of Rio Tinto’s iron ore business, Joad worked in the group’s operations, commercial and business development departments, so …
Every AI news, on June 2, CISA released data, in late May, the social inventory of 5 major varieties of steel in 21 cities was 10.31 million tons, a decrease of 630,000 tons from the previous month, down 5.8%, and the inventory decline expanded; 1.2 million tons less than in late April, down 10.4%; An …
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