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Steelhome: Weekly Report Of China Steel Market For September 7-14, 2018
Posted Date: 18/09/2018 
Expired Date: 18/09/2019
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Subject Steelhome: Weekly Report Of China Steel Market For September 7-14, 2018
Product Iron / steel
Product Description In August, China’s crude steel production reached 80.33 million tons, up 2.7% year on year, according to the National Bureau of Statistics (NBS). The country produced 66.66 million tons of pig iron and 96.38 million tons of finished steel products in August, flat and up 6.4% respectively, year on year. From January to August, China produced crude steel of 617.4 million tons, pig iron of 512.27 million tons and steel products of 725.27 million tons, up 5.8%, 0.8% and 7.1% separately. In August, supply of crude steel was 75.29 million tons, up 2.89 million tons or 4% from the same period a year ago; that of finished steel products reached 91.57 million tons, up 6.52 million tons or 7.7% on annual basis…….
Overview
At present, China’s economy has maintained steady growth. The growth rate of industrial added value has accelerated, investment growth has continued to fall, and real estate performed well. According to the data released by the National Bureau of Statistics, the added value of industrial enterprises above designated size increased by 6.1% year-on-year in August. From January to August, the national fixed asset investment (excluding rural households) was 41.5158 trillion yuan, a year-on-year increase of 5.3%, among which infrastructure investment increased by 4.2% year-on-year. From January to August, the national real estate development investment was 7.6519 trillion yuan, a year-on-year increase of 10.1%.
Affected by the rumors of weaker production limitation in this heating season, steel futures price fell sharply on Tuesday, which also has a big impact on spot market. At present, environmental supervision will continue to restrict steel mills’ production capacity. Downstream industry has entered traditional consumption season. Domestic steel market inventory remained low, and market price has limited space to go down.
SteelHome expects that China’s Steel market price will continue to vibrate next week.
……
HR/CR Plate/Coil
HRC
China’s HRC market price went down with vibration this week.
…….
SteelHome predicts that China’s HRC market price will vibrate in the week ahead.
CRC
China’s CRC market price saw ups and downs this week. Price in Shanghai, Fuzhou, Nanchang, Changsha, Chongqing and Chengdu markets dropped by 10-30 yuan/t; price in Nanjing, Wuxi, Hefei, Guangzhou, Nanning, Beijing, Kunming and Harbin markets grew by 10-50 yuan/t; other markets remained stable.
…….
SteelHome predicts that China’s CRC market price will mainly go down with vibration in the week ahead.
Construction Steel
China’s construction steel market price headed up and then went down this week.
…….
SteelHome expects that China’s construction steel price will continue to vibrate in the week ahead.
Medium Plate
China’s medium plate price headed up and then went down this week.
……
SteelHome predicts that China’s medium plate market price will vibrate slightly in the week ahead.
Galvanized /Coated Sheet
China’s galvanized steel market price saw ups and downs, while coated steel market price remained stable this week.
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SteelHome predicts that China’s galvanized and coated sheet price will fluctuate slightly in the week ahead.
Strip
China’s strip market price vibrated slightly this week.
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SteelHome predicts that China’s hot-rolled strip market price will go down slightly with vibration in the following week.
Sections
China’s section steel price increased slightly with vibration this week.
…….
SteelHome predicts that China’s section steel market price will vibrate slightly in the week ahead.
Structural Steel
China’s structural steel price headed up and then went down this week, the price saw ups and downs in different regions.
…….
Note: Welcome to contact SteelHome if you want to buy from Chinese steel suppliers
 
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  Contact Information
Contact Person: Tina Tong     Contact Now
Job Title: editor and trader
Address: Floor 23rd, Zhongcheng Building, No.818 Dongfang Road, Pudong New District, Shanghai, P.R.C
Telephone: 86-021-50585733  (Ext 5368)
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