China Steel Market Price Keep Rising
Got news this morning, Steel Billet rised 70RMB/MT , keep supporting last week’s rising trend.
Currently China steel billet price 1890RMB/MT .
Effected by Billets rising, Stock material price rise a lot , construction material price rebound
total around 100RMB/MT.
As China 70 anniversary of the war approaching, the environment will follow the request APEC
Request in 2014,som mills are forced to stop production, and with previous some mills cut the
the production quantity, annual checking, the stock in the market not so much. Some even stop
offering to the market.
So the manufactures rised the price frequently, the end users also arrange
the purchasing in advance. all these enhance the market rising. Give big support to
the price rising.
Till now all believes market will keep rising in August. but last still depends on the
real request .
Till now the market price as below with break bulk shipment:
HR Coil./Sheet: FOB XINGANG 340-345USD/MT
ERW PIPE(SCAFFOLDING FOR EXAMPLE) : FOB XINGANG 400USD/MT
HR BEAM: FOB 355-365USD/MT
For more exactly details or latest offer,pls ctc with US