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Steel prices have been hovering at low levels over the past two weeks, but iron ore prices have fallen sharply recently and crude steel output has been high.
(May 24, 13)
USD/RMB=6.116
Steel trader Stemcor is meeting banks next week to outline proposals to repay lenders after asking for a standstill agreement on $1.2 billion of loans.
| Regions | Specification | Average Prices (10,000 mt) | Change (10,000 mt) | Date |
|---|---|---|---|---|
| Hejing | Second-Grade Metallurgical, VAT Included | 1,680 | 50 | 2010-09-30 |
| Tang Shan | Second-Grade Metallurgical, VAT Included | 1,765 | -35 | 2010-09-30 |
| Wei Fang | Second-Grade Metallurgical,VAT Included | 1,780 | 0 | 2010-09-30 |
| Lin Fen | Second-Grade Metallurgical, VAT Included | 0 | 1970-01-01 |
Notes| Regions | Output | Change | Date |
|---|---|---|---|
| Beijing | 0 | 0.00 | 2011-08-02 |
| Tianjing | 8.6 | 0.00 | 2011-08-02 |
| Hebei | 558.4 | 0.00 | 2011-08-02 |
| Shanxi | 810.7 | 0.00 | 2011-08-02 |
| Inner Mongolia | 194.5 | 0.00 | 2011-08-02 |
| Liaoning | 177.9 | 0.00 | 2011-08-02 |
| Jilin | 36.4 | 0.00 | 2011-08-02 |
| Heilongjiang | 89.3 | 0.00 | 2011-08-02 |
| Shanghai | 53 | 0.00 | 2011-08-02 |
| Jiangsu | 138.2 | 0.00 | 2011-08-02 |
| Zhejiang | 13.5 | 0.00 | 2011-08-02 |
| Anhui | 73.6 | 0.00 | 2011-08-02 |
| Fujian | 13 | 0.00 | 2011-08-02 |
| Jiangxi | 80 | 0.00 | 2011-08-02 |
| Shandong | 367 | 0.00 | 2011-08-02 |
| Henan | 241 | 0.00 | 2011-08-02 |
| Hubei | 85 | 0.00 | 2011-08-02 |
| Hunan | 62.1 | 0.00 | 2011-08-02 |
| Guangdong | 16.5 | 0.00 | 2011-08-02 |
| Guangxi | 35.8 | 0.00 | 2011-08-02 |
| Hainan | 0 | 0.00 | 2011-08-02 |
| Chongqin | 35.9 | 0.00 | 2011-08-02 |
| Sichuan | 105.2 | 0.00 | 2011-08-02 |
| Guizhou | 54.7 | 0.00 | 2011-08-02 |
| Yunnan | 138.7 | 0.00 | 2011-08-02 |
| Tibet | 0 | 0.00 | 2011-08-02 |
| Shaanxi | 198 | 0.00 | 2011-08-02 |
| Gansu | 21.6 | 0.00 | 2011-08-02 |
| Qinghai | 18.7 | 0.00 | 2011-08-02 |
| Ningxia | 39 | 0.00 | 2011-08-02 |
| Xinjiang | 118.9 | 0.00 | 2011-08-02 |
| National | 3,192.9 | 0.00 | 2010-09-01 |
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China's steel market price rise will be limited by market fundamentals.
Steel prices have been hovering at low levels over the past two weeks, but iron ore prices have fallen sharply recently and crude steel output has been high.
Profit margins at steel mills have been constantly waning with rising costs of iron ore, coke and other raw materials.
100 units of foreign currencies in CNY (2013-05-24)
| USD | 611.6 | HKD | 78.78 |
| 100JPY | 597.01 | EUR | 788.37 |
| GBP | 920.66 |
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