Favorable Factors: 1. Coke surging for 5th consecutive round; fundamental cost push driving prices up; steelmakers holding firm on offers as margins compressed 2. Middle East conflict escalating; supply disruption risk supporting steelmaker pricing sentiment Adverse Factors: 1. Iron ore prices weakening; port inventories high and Simandou mine ramping up shipments, undermining cost support 2. […]
loading=”eager” class=”skip-lazy”> Favorable Factors: 1. Strip steel prices steady at 3,300 CNY/MT; cost floor remains solid 2. RMB exchange rate declined to 6.71; export competitiveness improved 3. Infrastructure pipeline projects driving steady domestic demand 4. Pig iron and coke prices remain elevated; cost support intact 5. Middle East construction projects sustaining overseas inquiry levels Adverse
Favorable Factors: 1. Strip steel rebounded to 3,340 CNY/MT; market sentiment improved after recent dip 2. Government special bond issuance ongoing; 800B CNY fiscal support sustained in Q2 3. Infrastructure projects steady in Middle East and Africa; pipeline demand firm 4. Positive signals from US-China trade talks; export sentiment could benefit 5. Iron ore and
Favorable Factors: 1. Strip steel prices up to 3,395 CNY/MT; cost support strengthening 2. China export orders index returned to expansion at 50.3% in April 3. Middle East supply gap from Iran disruption boosting pipe demand 4. May HRC export plans up 23% MoM to 1.14M MT 5. SE Asia and Africa demand remains firm
Favorable Factors: 1. Tangshan Ruifeng strip steel 685-885mm at CNY 3,285/MT; prices stable WoW 2. RMB/USD rate holding at 6.77-6.82 band; currency volatility limited 3. SE Asia demand sustained; Vietnam and Indonesia procurement active 4. Infrastructure investment continues; national pipeline projects on track 5. Steel mills production discipline; blast furnace capacity utilization stable Adverse Factors:
Favorable Factors: 1. Strip steel prices hold at 3,285 CNY/MT; Tangshan steel mills maintain prices stable 2. Seasonal peak demand continues (Mar-Apr); social inventory drawdown for 6th consecutive week 3. SE Asia and West Africa demand rising rapidly; new market share expanding 4. Policy support: National pipeline network construction drives long-term demand 5. X70+ high-grade
Favorable Factors Strip steel prices rise to 3,240 CNY/MT; cost support strengthens (+20 CNY from last week) Seasonal peak season (Mar-Apr) accelerates demand; inventory drawdown continues SE Asia and West Africa demand rising rapidly; new market share expanding Policy stimulus: 8,000B CNY special bonds for infrastructure drives pipe demand Adverse Factors EU 2026 steel quota
Chinese FOB steel prices in USD are expected to remain stable this week (Mar 2 – Mar 6), with only minor fluctuations anticipated.
Chinese FOB steel prices in USD are expected to remain stable this week (Mar 2 – Mar 6), with only minor fluctuations anticipated.
Chinese FOB steel prices in USD are expected to remain stable this week (Mar 2 – Mar 6), with only minor fluctuations anticipated.