Markets News

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Chinese Spot Steel prices continue to gain

Chinese Spot Steel prices continue to gain

Jul 4, 2016 09:20

Source:SMM

Spot steel prices continued to gain ground in China on Friday, with spot billet prices in Tangshan jumping RMB 70/t.

CHINA July 01 2016 6:51 PM

SHANGHAI (Scrap Register): Spot steel prices continued to gain ground in China on Friday, with spot billet prices in Tangshan jumping RMB 70/t, and rebar prices in Beijing rising RMB 80/t.

Transactions for spot ore were still incredibly thin on the ground. An Australian miner held a tender for 61% Fe PB Fines, which concluded slightly higher than 53.5.

On COREX there were numbers of cargoes offered index-linked, and late in the day BRBF fines were sold by a Brazilian miner on a floating price over the platform.

IOCJ fines were offered at 58.5 without any bid. In China, port stock prices were mainly flat.

The most active DCE iron ore contract was down 0.71% but SHFE rebar futures rose 2.35%. All prices US$/dmt CFR unless stated otherwise.

spot steel prices

steel prices

steel

For queries, please contact William Gu at williamgu@smm.cn

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

Steel prices in China are likely to stay at high levels in May but this may also lead buyers to slow down purchases with a turning point likely in June, SMM believes.

May 4, 2018 13:17

SMM Insight SMM Comments

Analysis: Steel prices to stay high in May, upward room narrows

CISA member mills steel inventory down 9.5% in late Mar

Daily crude steel production at member mills of China Iron & Steel Association (CISA) averaged 1.7859 million mt during March 21-31, down 0.07% from March 11-20.

Apr 16, 2018 14:01

Industry

CISA member mills steel inventory down 9.5% in late Mar

Steel consumption to rebound mid to late Mar

Demand in the Chinese steel market is likely to rebound from mid-March as downstream consumers resume production, an SMM survey of 50 construction sites and traders showed.

Mar 14, 2018 15:27

SMM Insight

Steel consumption to rebound mid to late Mar

Strictest Stop-work Order Carried out Earlier in October in North China City

Jinan, Shandong recently implements a city-wide construction control of building companies from Nov.15th to Mar.15th 2018, including machines pollution and dust pollution during transportation.

Sep 28, 2017 11:08

Industry

Strictest Stop-work Order Carried out Earlier in October in North China City

Two Mills in Hebei Closes or Suspends Production

Delong Iron&Steel halted production following exit of Xinli Iron&Steel, affecting strip production by 2,500 tonnes per day.

Aug 24, 2017 14:18

SMM Insight

Two Mills in Hebei Closes or Suspends Production

Hebei’s Handan to Complete Steel Capacity Cut Work before Late September

Handan, a city located in the southwestern part of Hebei province, said to complete steel capacity reduction work before the end of September, local media reported.

Jul 14, 2017 09:53

Industry

Hebei’s Handan to Complete Steel Capacity Cut Work before Late September

INDEC: Iron ore imports report 17% decline in year 2016

The country's iron ore imports declined sharply during the whole of 2016, says latest statistics released by the National Institute of Statistics and Census (INDEC) of Argentina.

Mar 13, 2017 17:51

Industry

January 2017 Steel Imports Press Release

Steel imports started 2017 with a small increase, growing 3.1 percent from December’s total to reach 2.77 million net tons.

Mar 13, 2017 09:47

Industry

Iron ore exports by Brazil shrink 11% in December

The country's iron ore exports increased sharply during the month of December this year, says latest statistics released by the Ministry of Development, Industry and Commerce (MDIC) of Brazil.

Jan 19, 2017 17:44

Industry

Iron ore exports by Brazil shrink 11% in December

China Raises Its Gold Reserve Marginally

As of the end of July, national gold reserves of China increased slightly by 0.29 percent to 5879 oz from 5862 oz as compared to end June.

Aug 10, 2016 09:35

Industry

SMM Events & Webinars

All

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 (10th) China International New Energy Industry Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

Chinese Spot Steel prices continue to gain

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 (10th) China International New Energy Industry Expo