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Home / Metal News / China Shasteel Price Hike Far Beyond Expectations in August, SMM Reports

China Shasteel Price Hike Far Beyond Expectations in August, SMM Reports

Aug 11, 2017 11:15

Source:SMM

Shasteel hiked price sharply in August, which topped market expectations.

SHANGHAI, Aug. 11 (SMM) - Shasteel hiked price sharply in August, which topped market expectations, SMM reported.

Why Surging Rebar Price Fails to Undermine Buying Appetite? SMM Reports

The company raised rebar price by 250 yuan per tonne for rebar, rebar coil and wire rod, respectively, to 4,250 yuan per tonne, 4,260 yuan per tonne and 4,140 yuan per tonne.

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SMM has done a thorough research regarding post-CNY (Chinese New Year) copper cathode supply and demand pattern as well as the potential changes of inventory, which, we assume, must be the key concern of the market participants. The result of the research comes as follows:

Jan 28, 2022 19:10

SMM Insight

SMM Exclusive: Analysis and Outlook of China Metals Market Post the CNY

China Rebar Inventory Shrank 261,800 mt on Week

The inventory of rebar across Chinese steel makers and social warehouses stood at 7.64 million mt as of November 11, down 261,800 mt or 3.3% from a week earlier. Stocks are 90,900 mt or 1.2% higher from a year earlier.

Nov 12, 2021 14:13

Analysis

China Rebar Inventory Shrank 261,800 mt on Week

China Rebar Inventory Shrank 36,400 mt on Week

The inventory of rebar across Chinese steel makers and social warehouses stood at 7.9 million mt as of November 4, down 36,400 mt or 0.5% from a week earlier. Stocks are down 569,700 mt or 6.7% from a year earlier.

Nov 5, 2021 11:00

Analysis

China Rebar Inventory Shrank 36,400 mt on Week

Long steel inventories in Guangzhou continue decline

Social inventories of long steel in Guangzhou, Guangdong province shrank 8.6% from a week ago

Jun 14, 2018 11:59

Analysis

Long steel inventories in Guangzhou continue decline

Long steel inventories in Guangzhou extend decline

Social inventories of long steel in Guangzhou shrank 6.8% from a week ago and stood at 1.15 million mt as of Thursday June 7

Jun 7, 2018 14:09

Analysis

Long steel inventories in Guangzhou extend decline

Rebar in-plant inventory sees smaller decline from a week ago

Overall rebar inventories in China dropped 6.1% from a week ago as of Thursday May 10, marking the eight consecutive weeks of decline, SMM data showed.

May 10, 2018 15:26

SMM Comments

Rebar in-plant inventory sees smaller decline from a week ago

Long steel inventory in Guangzhou continues decline

Long steel inventories in Guangzhou, Guangdong province fell 4.6% on the week.

Apr 19, 2018 11:22

Analysis

Long steel inventory in Guangzhou continues decline

Flash: China's steel inventory grows over 3 million mt during CNY

China's rebar, wire rod and hot-rolled coil inventory grew more than 3 million mt over the Chinese New Year holiday, SMM data showed.

Feb 23, 2018 10:27

Analysis

Flash: China's steel inventory grows over 3 million mt during CNY

Snapshot: China's steel output in Feb

Rebar production from 30 major longs mills across China is set to amount to 6.26 million mt in February, while hot-rolled coil output from 30 major flats mills is expected to be 8.27 million mt.

Feb 7, 2018 17:42

Analysis SMM Insight

Flash: Steel prices stable amid rangebound futures

Rebar and wire rod transaction prices in China’s main markets were stable on the morning of Tuesday February 6, SMM learned.

Feb 6, 2018 11:53

SMM Comments

Flash: Steel prices stable amid rangebound futures

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China Shasteel Price Hike Far Beyond Expectations in August, SMM Reports

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 (20th) SMM Copper Industry Conference and Expo