Highlights:
Steelease data indicate that steel prices in both China’s spot and futures markets began to turn around this past week. Steelease expects this price rise to be limited, though steel prices should reflect greater volatility into the coming weeks.
Please refer to the proposal at the bottom of this page, and you may download the attachment as well.
With the price negotiation of Iron Ore coming to the end, China steel industry has been affected by more complicated factors than ever not only from upstream side but also the demand of 7 downstream industries. On top of this, the introduction of low-income housing project, the pressure of inflation control and tight monetary policy has brought mixed impacts towards the industry. One can hardly have an understanding of China steel industry without comprehensive view of the industry. Under such background, Steelease feels the urge of re-launching our renowned China Steel Briefing by bringing subscribers with complete data from upstream iron ore price index to 7 downstream Purchasing Manager Indices (PMIs). China Steel Briefing has also extended to the entire industry chain from mines, steel mills, coking plants, trading companies to downstream steel users.
In this upgraded version of China Steel Briefing, we have added the following data that are only available from Steelease.
- China Iron ore price index
- Iron ore cost and profit
- Mine operating rate and inventory
- Price difference between domestic ore prices and imported ore prices
- Monthly newly added capacity of steel mills
- Ex-work prices of major steel mills
- Steel PMI by 7 downstream industries
Source: http://www.metal.com