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Global Steel prices show negative trend: MEPS

US flat product transaction values have shown a steep decline over the last month, in the wake of high volumes of cheaper imports and overblown service centre inventories.

Major Regions Steel Scrap Price (Weekly)

Regions Specification Average Prices (RMB/mt) Change (RMB/mt) Date
Bei Jing Heavy, VAT Included 2,970 0 2010-09-30
Guang Zhou Heavy, VAT Included 2,975 20 2010-09-30
Shang Hai Heavy, VAT Included 2,720 -40 2010-09-30
Zhang Jia Gang Heavy, VAT Included 3,080 30 2010-09-30

Notes

Steel Scrap Import Volume (Monthly)

Products Quantity Date
Cast Iron Scrap 0 2011-08-01
Stainless Steel Scrap 0.62 2011-08-01
Other Alloy Scrap 0.95 2011-08-01
Tin-Plated Scrap 0 2011-08-01
Other Scrap 50.09 2011-08-01

Notes

Steel Scrap Export Volume (Monthly)

Products Quantity Date
Cast Iron Scrap 0 2011-08-01
Stainless Steel Scrap 0 2011-08-01
Other Alloy Scrap 0 2011-08-01
Tin-Plated Scrap 0 2011-08-01
Other Scrap 0.03 2011-08-01

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Steel Feature

China has introduced new export rebate policy on some products in 2015. What detailed information is about those adjustments, and how those changes will affect the related sectors?

Scrap Publications

More

China Steel PMI Monthly - December 2014

The Steel-PMI fell for the second month to 45.58 in December, slipping 2.42 MoM and 4.4YoY. SMM holds that orders are unlikely to present substantial improvement before March 2015.


China Steel Briefing 20141219

China has seen significant growth in finished steel exports since March. Export volumes through November surged 46.8% YoY, pushing steel exports to a new record of 9.72 million mt.


China Steel Briefing 20141205

November’s Steel-PMI was only 48.00, down 2.53 MoM and 2.38 YoY. The seasonally-adjusted index was 47.64, off 1.17 from October and 2.50 YoY.


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CNY Base Rate

100 units of foreign currencies in CNY

Name Buying Rate Selling Rate Middle Rate
USD 623.73 626.23 613.7
HKD 80.46 80.77 79.17
100JPY 527.7 531.4 521
EUR 705.5 710.46 696.78
GBP 938.86 945.46 927.53
Date: 2015-01-30

Source: spot exchange rate at UTC 10:55 am every day on the website of Bank of China