China’s finished steel exports were 5.41 million mt in May, down 2.5% MoM, but up 3.4% YoY. China’s finished steel exports are expected to drop slightly in June.
| 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| 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| 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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China's steel market price rise will be limited by market fundamentals.
Chinese steel industry will unlikely rebound strongly during 2Q, and rebar futures prices will hardly climb above earlier highs, with prices expected to decline slightly initially and then rebound.
Updated China Iron Ore Monthly covers 100 miners across 15 Provinces with 50 Million Capacity.
100 units of foreign currencies in CNY (2013-06-20)
| USD | 611.37 | HKD | 78.83 |
| 100JPY | 631.22 | EUR | 810.03 |
| GBP | 943.29 |
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