Home / Metal News / Steel & Iron Ore / China Rebar Price Surges 30 per cent in 1H, and Where Will Steel Market Head for? SMM Reports
China Rebar Price Surges 30 per cent in 1H, and Where Will Steel Market Head for? SMM Reports
Aug 15,2017 15:35CST
smm insight
Source:SMM
China’s steel futures and spot prices, and share prices of steel companies in secondary market have registered sharp gains since the beginning of the year.

SHANGHAI, Aug. 15 (SMM) – China’s steel futures and spot prices, and share prices of steel companies in secondary market have registered sharp gains since the beginning of the year, thanks to combined factors of de-capacity, environmental factor, and inflows of cash liquidity.

Recently, a series of measures have cooled down the market. Rebar prices fell by 6 per cent in 4 trading days following CISA’s article which blamed market speculations to irrational gains recently and SHFE’s action to raise commission fees position closing of rebar futures contracts. On a weekly average price, rebar and share prices of steel companies are still cheerful.

On Tuesday’s morning business, rebar price showed signs of stopping falling, so share price did, which followed Xining Special Steel.   

Rebar price surged by about 30 per cent during the first half of 2017, and the table shows a summary of share prices of major steel companies.

Share Price

Price Gain since Early June

Fangda Special Steel

90%

Anyang Iron & Steel

75%

*ST Valin

60%

Lingyuan Iron & Steel 

60%

Xin Steel

60%

Xining Special Steel

55%

Nanjing Iron&Steel

50%

Magang Group 

45%

Liuzhou Iron&Steel

45%

Zhongyuan Special Steel

30%

Angang Steel

30%

Baosteel

30%

Baogang Group

25%

Taigang Stainless Steel

25%

Fushun Special Steel

20%

Shandong Iron&Steel

20%

Shaoguan Iron&Steel

20%

JISCO Hongxing Iron & Steel

15%

Hangzhou Iron&Steel

15%

Daye Special Steel

15%

Beijing Shougang

10%

HBIS Company

10%

According to the data, many steel companies witnessed a more than 30 per cent gain of share prices despite a recent decline.

SMM predicts that rebar price will keep corrections in the short term, but will remain bullish in the medium and long run due to no changes in market fundamentals.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

steel prices
china steel price
rebar price

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news