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Chinese steel prices rise as global demand firms

Chinese steel prices rise as global demand firms (Aug. 15, 2017)

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Prospects for the global steel sector for the rest of 2017 remain healthy. Seaborne iron ore prices are in the mid-$70 range, global ferrous scrap prices continue to strengthen, Chinese steel prices remain firm-to-improving and most major steelmakers are posting improving financial results.

 

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HRC / GCC / CFR USD/t 0.0%
Billet / Tangshan Ex-Works CNY/t 0.0%
KORE 62% Fe / Qingdao CFR USD/t -1.2%
Billet / CIS-Black Sea FOB USD/t 0.0%
HMS 1&2 80:20 / Turkey CFR USD/t -0.0%
Heavy Scrap / China / CNY/t 0.0%
Rebar / Turkey FOB USD/t -0.0%
Shredded Scrap / Turkey / CFR USD/t -0.0%
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HRC / Italy Ex-Works EUR/t -1.0%
HRC / S Europe CIF EUR/t 0.0%
E40 Shredded Scrap / India / CFR USD/t 2.0%
HMS 80:20 Scrap (West Africa origin) / India / CFR USD/t 3.0%
KORE 65% Fe / Qingdao CFR USD/t -0.98%
KORE 58% Fe / Qingdao CFR USD/t -1.25%
HRC / India / FOB USD/t 1.0%
CRC / India / FOB USD/t 0.0%
Wire Rod / Northern Africa (Egypt, Algeria) / FOB / USD/t -0.0%
Rebar / Northern Africa (Egypt, Algeria) / FOB USD/t 0.0%
Pig Iron / Black Sea FOB USD/t 0.0%
HRC / Turkey Ex-Works USD/t 0.0%
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