Download our mobile app to 
your devices
Android devicesiOS devices
FREE TRIALCompliance CentreAbout UsContact Us
English
English中文
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltTernary Precursor and MaterialAnode MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
DashboardDatabaseProReportsEventsConsulting
Home / Metal News / Chinese Steel Mills Profits Expected to Grow in June

Chinese Steel Mills Profits Expected to Grow in June

iconJun 6, 2014 11:02
Source:SMM
Profitability at Chinese steel mills would remain stable or even grow during June, Shanghai Metals Market’s ferrous branch Steelease foresaw.

SHANGHAI, Jun. 6 (SMM) – Profitability at Chinese steel mills would remain stable or even grow during June, Shanghai Metals Market’s ferrous branch Steelease foresaw. 

Profits at the majority of domestic steel mills did not change significantly during May. Steelease data showed that the average profit for domestic hot-rolled rose from 87 yuan ($14) per tonne in April to 90 yuan per tonne in May, but profits for rebar fell from 188 yuan per tonne to 147 yuan per tonne. 

Falling prices of raw materials and relatively stronger prices of steel products were mainly reasons behind such estimation. 
 
In May, the price of domestic ore (66% Fe concentrate, dry basis) in Qian'an, Hebei province fell by 7.81%, while that of imported ore (PB 61.5% wet fines) at Qingdao port saw a drop of 7.64%, which should lower steel production costs during June, according to Steelease data.  
 
Steel prices, however, outperformed iron ore prices during the same period. The national average price of rebar registered a monthly decline of 2.94%, and that of hot-rolled was down slightly by only 0.94%.
 
Steelease survey
Chinese steel mills profit

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All
MOST POPULAR
1.NEV Magnet Wire Industry Opportunity Discovery
2.Copper Substitution Market Study-Consumer Durables
3.Copper Substitution Market Study-Construction
4.Copper Substitution Market Study-Power Distribution
5.Copper Substitution Market Study-Power Transmission
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemap
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.