CISA: Surging Steel Prices to Push Up Steel Costs-Shanghai Metals Market

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CISA: Surging Steel Prices to Push Up Steel Costs

Industry News 10:16:24AM Aug 18, 2017 Source:SMM

SHANGHAI, Aug. 18 (SMM) – Elimination of “Ditiao steel” capacity and tougher environmental crackdowns could help steel prices return to normal level, said Chi Jingdong, Deputy General of China Iron and Steel Association (CISA).

Steel Prices to Correct Down as Market Fever Cools Down, SMM Expects

However, such big rise in steel prices in such a short period of time is irrational. Chi added.

CISA Lobbying Chinese Authorities for Incentives to Steel Exports, SMM Reports

The surge in steel prices will, in turn, push up costs for steel mills, such as imported iron ore, Chi warned.

Note: “Ditiao steel”, which is a Chinese name for low-quality steel produced in intermediate frequency furnace with steel scrap as raw material, as well as rolled steel products produced with such steel as raw material.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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

Key Words:  steel prices   ditiao steel 

CISA: Surging Steel Prices to Push Up Steel Costs

Industry News 10:16:24AM Aug 18, 2017 Source:SMM

SHANGHAI, Aug. 18 (SMM) – Elimination of “Ditiao steel” capacity and tougher environmental crackdowns could help steel prices return to normal level, said Chi Jingdong, Deputy General of China Iron and Steel Association (CISA).

Steel Prices to Correct Down as Market Fever Cools Down, SMM Expects

However, such big rise in steel prices in such a short period of time is irrational. Chi added.

CISA Lobbying Chinese Authorities for Incentives to Steel Exports, SMM Reports

The surge in steel prices will, in turn, push up costs for steel mills, such as imported iron ore, Chi warned.

Note: “Ditiao steel”, which is a Chinese name for low-quality steel produced in intermediate frequency furnace with steel scrap as raw material, as well as rolled steel products produced with such steel as raw material.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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

Key Words:  steel prices   ditiao steel