WebJul 4, 2024 · Some sources expect Chinese steel prices to continue to fluctuate in the second half of the year but in a narrower range than in H1. China's annual steel demand in 2024 would drop at least 5% on the year, which means in order to lower steel inventories and give a real boost to steel prices, China has to reduce its annual crude steel output … WebMay 18, 2024 · The price of rebar, a type of steel used to reinforce concrete, recently hit 6,200 yuan ($965) per metric ton in Shanghai, up 40% this year, and a new record high.
Trade Review: Asian steel prices to remain tempered in Q4 by low …
Web14 hours ago · Apr 11, 2024 17:47. CST. SMM Comments. Steel Mills’ Profits Fell Slightly Amid Coke Price Cut and Sharp Decline in Steel Prices. According to SMM cost model, instant profits from rebar and HRC in east China were -3.07 yuan/mt and 165.33 yuan/mt respectively on April 7. Apr 11, 2024 17:47. CST. WebAug 2, 2024 · The price of iron ore, which is needed to make steel, fell more than 11 per cent last week, sinking to a three-and-a-half-month low of $180.50 a tonne on Friday, according to an assessment by S&P ... impractical jokers ice pop
China Steel Prices, News and Analysis SteelOrbis
WebWEEKLY: China's BF capacity use hits 21-m high of 90.56%. The blast furnace (BF) capacity utilization among 247 Chinese steel mills under Mysteel's survey stood at 90.56% over March 24-30 after rising for the 12th straight week, or hitting a new high since June 2024, as some mills continued to resume operations or lift output on their remaining ... WebDec 1, 2024 · These include China’s zero-COVID initiatives, Europe’s energy crisis, and ongoing demand decreases. US Midwest domestic HRC steel futures inched up slightly … WebPrices soften on weaker steel demand outlook. Steel prices essentially collapsed in May through early July. The Russian invasion of Ukraine caused prices to rise by $500 per … impractical jokers introduction