Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

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

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Steel prices increased amid optimistic outlook on demand recovery

Steel prices increased amid optimistic outlook on demand recovery

Feb 25, 2021 13:50

Source:SMM

The average operating rate of blast furnaces (BFs) at Chinese steel mills gained 1.1 percentage points from pre-holiday levels to 87.1% as of February 25. This was 3.2 percentage points higher than the same period last year.

SHANGHAI, Feb 25 (SMM)—The average operating rate of blast furnaces (BFs) at Chinese steel mills gained 1.1 percentage points from pre-holiday levels to 87.1% as of February 25. This was 3.2 percentage points higher than the same period last year.

Steel prices surged after the Chinese New Year holiday, and profits of steel makers expanded, which encouraged them to ramp up production. In addition, construction sites restarted operations 1-2 weeks earlier than previous years as more workers had stayed where they work for the Spring Festival, and this boosted demand for steel products.

Although the increase in stamp duty on the Hong Kong stock market and rising coke prices weighed on steel prices this week, steel inventory buildup was lower than previous years due to improving demand.

Operating rates

BF

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

Related news

Operating Rates of Lead-acid Battery Plants Flat on Week

Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces stood largely flat at 69.41% on the week as of Friday July 30.

time

Jul 30, 2021 17:46

Operating Rates of Lead-acid Battery Plants Flat on Week

Operating rate across major aluminium processors continued to drop, with Henan hit by severe floods

Operating rate of major aluminium processing enterprises fell 4.3 percentage points to 66.5% last week. The operating rate in Henan slumped 24.6 percentage points to 41%, the sharpest decline among all regions, as the worst ever flooding has forced local enterprises to reduce or suspend production.

time

Jul 26, 2021 14:08

Operating rate across major aluminium processors continued to drop, with Henan hit by severe floods

Operating rates of secondary lead smelters up 1.06 percentage points on week

Operating rates across licensed smelters of secondary lead in Jiangsu, Anhui, Henan and Guizhou averaged 61.47% in the week ended July 23, up 1.06 percentage points from the previous week, showed an SMM survey.

time

Jul 23, 2021 16:44

Operating rates of secondary lead smelters up 1.06 percentage points on week

Operating rates of blast furnaces across Chinese steelmakers fell 0.2 percentage point on week

Operating rates of blast furnaces at steel mills fell 0.2 percentage point from a week ago and decreased 3.7 percentage points from a month ago to 81.2% as of July 22, SMM survey showed.

time

Jul 22, 2021 17:18

Operating rates of blast furnaces across Chinese steelmakers fell 0.2 percentage point on week

Operating rates of blast furnaces across Chinese steelmakers fell 2.7 percentage points on week

Operating rates of blast furnaces at steel mills fell 2.7 percentage points from a week ago and decreased 3.8 percentage points from a month ago to 82.2% as of July 1, SMM survey showed.

time

Jul 2, 2021 10:01

Operating rates of blast furnaces across Chinese steelmakers fell 2.7 percentage points on week

Operating rates of blast furnaces across Chinese steelmakers rose 0.1 percentage point on week

Operating rates of blast furnaces at Chinese steel mills stood at 86.9% as of May 20, an increase of 0.1 percentage point from the week before and 1.1 percentage points month-on-month, SMM survey showed. Although steel prices fluctuated this week, profits of steel makers were not affected. Mills free from production restrictions operated normally.

time

May 21, 2021 09:33

Operating rates of blast furnaces across Chinese steelmakers rose 0.1 percentage point on week

Operating rates of blast furnaces across Chinese steelmakers gained 1.3 percentage points on week

Operating rates of blast furnaces at steel mills stood at 85.8% as of April 22, an increase of 1.3 percentage points both week-on-week and month-on-month, SMM survey showed. More districts in Hebei were under production restrictions this week, but blast furnaces in other regions restarted production due to decent profits.

time

Apr 22, 2021 16:29

Operating rates of blast furnaces across Chinese steelmakers gained 1.3 percentage points on week

Operating rates of blast furnaces at steel mills slightly lower at 84%

Operating rates of blast furnaces at steel mills dropped 0.3 percentage point from a week ago and 1 percentage point from a month ago to 84% as of April 8, SMM survey showed. Continuing environmental restrictions led to the decline in BF operating rates.

time

Apr 8, 2021 13:56

SMM Insight Analysis

Operating rates of blast furnaces at steel mills slightly lower at 84%

Steel prices to rise further amid positive fundamentals

Operating rates of blast furnaces (BFs) at Chinese steel mills dropped 1.1 percentage points from a week ago and 2.3 percentage points from a month ago to 84.5% as of March 25, an SMM survey showed.

time

Mar 25, 2021 16:03

SMM Insight Analysis

Steel prices to rise further amid positive fundamentals

Average operating rate of blast furnaces lower at 86.8%

The average operating rate of blast furnaces at Chinese steel mills dipped 0.7 percentage point from the previous week to 86.8% as of January 28. This was 1.6 percentage points lower than the same period last year.

time

Jan 28, 2021 15:02

Average operating rate of blast furnaces lower at 86.8%

SMM Events & Webinars

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4. China Scrap Steel Quality Analysis

5.China Scrap Steel Cost Curve

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

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.