I Steel

SteelHome (China) Steel Price Index (SHCNSI) was 100.29 points (4,338 yuan) on 29 April 2019, up 0.01 point (1 yuan) from the previous trading day. Steel price in key markets mainly kept stablte. Details are as below:

Construction steel: 20mm HRB400 rebar averaged at 4188 yuan per ton, up 1 yuan/t from previous trading day. Among them, price increased by 20-50 yuan/t in Nanchang, Nanning, Chengdu and Changchun markets, while decreased by 10-40 yuan/t in Guangzhou markets. The rest was stable.

Medium plate: 20mm Q235B medium plat price averaged at 4152 yuan per ton in 28 domestic markets, up 2 yuan/t from previous trading day. Price hiked by 10-30 yuan/t in Wuxi, Baotou and Chengdu markets, while decreased by 10 yuan/t in Nanjing and Zhengzhou markets. The rest was stable.

HRC: Price slightly fluctuated. 5.75mm Q235B HRC average price was hiked by 3 yuan to 4057 yuan per ton in 28 domestic markets. Price went up by 10-20 yuan/t in Wuxi Beijing, Baotou and Chengdu markets against stability in the rest.

CRC: average price of 1.0mm SPCC CRC was 4437 yuan per ton in 28 domestic markets, down 1 yuan/t from previous trading day. Price was stable except 10-20 yuan reduction in Changsha and Zhengzhou markets.

Table 1: SteelHome China Steel Price Index (SHCNSI) [2019-04-29]

II Raw Materials

On 29 April, Tangshan common billet price was stable at 3560 yuan per ton, (cash, tax included, ex-works). Spot products in Tangshan billet market were priced at 3630 yuan per with flat transaction. The market holds wait-and-see attitudes as May Day is approaching.

On 29 April, iron ore market saw both stability and hike. SteelHome data showed that China Domestic Iron Ore Price Index (SHCNDOI) 65% was 769 yuan per ton, unchanged and SteelHome Imported Iron Ore Price Index (SHCNIOI) 62% was 92.8 dollars per ton, up 0.01 dollar/t from previous day.

Spot ore transacting price hiked by 3-5 yuan/t at China ports, For instance, PB fines trading price was 665 yuan per ton at Rizhao port and PB fines at Tianjin port were traded at 683 yuan per ton with flat transactions.

Seaborne iron ore markets slightly fluctuated. Rio Tinto trading price was 90.4 dollars/t form 0.17 million tons 61%PB fines with laycan during 4-13 June 2019.

Table 2: China Raw Material Import Price Aggregates on 29 April 2019

Price in US$ per ton　 1 USD= 6.7071 (Yuan) on Apr. 29

 III Futures (night offer)

Table 3: Futures (night offer)

IV Steelmakers’ ex-works price policy

25 steelmakers released ex-works price policy on 29 April, 2019.

V SteelHome Event  

Chinese Major Steelmakers Profile (2018 Updated).

Profile of XV Steel Development Strategy and Supply/Demand Conference

VI SteelHome Dynamics

Warning from CISA on the Rapid Growth of Crude Steel Output

Tata Steel Reports Consolidated Financial Results for Q4 FY2019

Weekly Data Summary of China Steel Industry (April 19-26, 2019)

China's Crude Steel Output up 9.9% in Q1 2019

JISF: Monthly Statistics for March 2019

Weekly Summary: China Industrial Wires Ex-works Price on April 20-26, 2019

Weekly Summary: China Quality & Special Bars Ex-works Price on April 20-26, 2019

Severstal Reports Q1 2019 Operational Results

China Takes the Lead in Developing the Highest Grade R6 Mooring Chain Steel in the World

Shanxi Coal Mining and Washing Industry Profits down 6.6% YoY in Q1 2019

JISF Expecting 150M tons Crude Steel Output This Year

Steel Wire Rope Strengthened Export to US by 61.3% in Mar.

Steel Tire Cord Export and Need Buffeted in Feb.

Korea Fe-Scrap Import Jumped 20% y-o-y by March

Nucor Announces Results of Q1 2019

Rebar and H-Beam Looking to Price Hike Next Month

POSCO International: Strong Q1 Financial Performance Wrap Up

Severstal Reports Q1 2019 Operational Results

Coal India's Supply to Power Sector up 7.4% at 488 Million Tonne in FY19

Japan Thermal Coal Imports down 3.04% YoY in March 2019