On March 30, the price of HRB400 20 mm diameter rebar in China reached its 9.5 year high of 4,911 yuan/ton ($755 / t) ex factory price, including 13% VAT, despite the cautious market, daily trading volume of construction steel declined according to Mysteel research, On the second working day, the daily workload increased by another 18.4 percent.
2022-02-16
A slump in Chinese steel futures and a slump in spot prices kept buyers away from the import market on Friday, March 5, industry sources told Fast Market.
Overnight price declines in rebar, hot rolled coil and iron ore futures dampened buying interest, with HRS101-grade heavy waste (HS) imports being offered at $500-502 per tonne CFR China.
2021-04-15
China's steel purchasing Managers' index (PMI) hit 47.9 in March, or 0.7 basis points on a month-on-month basis, as domestic steel demand recovers and steel production declines due to pollution controls. The official index compiler -CFLP Steel Logistics Professional Committee (CSLPC) - made the comments in a version published on March 31.
2021-03-29
The purchasing managers' index (PMI) for China's manufacturing sector rose 1.3 basis points to 51.9 in March, after contracting for three months or staying above the threshold of 50 for 13 consecutive months. Figures released by the country's National Bureau of Statistics on March 31st showed that the economy was growing.
2021-03-28
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