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Global Steel prices decline 4% so far in March: MEPS

Global steel prices has declined 4% so far in March, as per MEPS International.

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

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China Steel PMI Monthly - February 2015

The Steel-PMI fell significantly to 34.23 in January 2015, down by 9.16 on the month and falling by 14.5 YoY.


China Steel Briefing 20150306

Production cost of rebar slipped RMB 63/mt MoM to RMB 2,504/mt (including tax), and that of hot-rolled steel also slid RMB 63/mt MoM to RMB 2,715/mt, SMM data showed.


China Steel Briefing 20150227

China’s steel market entered a bear market in 2014, due to a weaker yuan, dramatically shrinking investment in the property market, plunging raw material prices, as well as an overhang of steel.


CNY Base Rate

100 units of foreign currencies in CNY

Name Buying Rate Selling Rate Middle Rate
USD 619.99 622.47 614.02
HKD 79.95 80.25 79.19
100JPY 518.95 522.59 516.49
EUR 673.04 677.76 668.9
GBP 920.35 926.81 915.1
Date: 2015-03-30

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