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The Three Major Changes Of Steel Market In The Second Half Of 2017
Wuxi Qianqiao Strip Steel Co.,Ltd | Updated: Aug 25, 2017

1. Steel price increases beyond the first half of the year, the plate steel rose above the long steel.

In July and August, steel price rose strongly in these two months. The rise range exceeded the first half of the year. It was promoted by a series of positive factors, such as increasing environmental protection, supervision, heating season and rising cost, etc. According to the monitoring data, the steel price index was 160.3 points by Aug 22. In the last two months, it has risen 14.1%. Compared with the first half of the year, the range increased 10.3 percent point. Among them, the price index for sheet materials was 146.5 points, with a gain of 15.4% in the last two months. The decline of the first half of the year (6.8%) was converted into a significant increase, and was higher 3 percent point than that of the long steel price index (12.4 percent) increased.


2. The price of iron ore and coke have risen above steel price.

In July and August, promoted by strongly increased steel prices, high profit and high furnace opening rate, the price of iron ore showed a sharp increase. The price of coke is strength because of demand recovery and the price risen of coal and coking coal. According to the monitoring data, as of August 22, the 66% grade dry base iron powder in Tangshan area was RMB720/Ton by Aug 22, up 13.4% in the past two months (the decline was 12.4% in the first half of the year). The price of 61.5% of Australia iron powder was RMB617/Ton, up 28.5% in the past two months (the decline was 21.3% in the first half of the year). The price of the second grade metallurgical coke at Tangshan was RMB1990/Ton, up 18.5% in the last two months (the decline was 15.6% in the first half of the year).


3. The rise in the price of the rebar futures exceeds the spot. 

The financial capital has been chasing rebar futures this year. Thus, holdings and trading volume continues to increase. According to monitoring data, the settlement price of the 3rd grade rebar futures was RMB3935/Ton on Shanghai stock exchange. It has risen by 19.0% compared with that in the end of June, while increased by 3.5 percent point compared with the price risen range (15.5%) of the 3rd grade rebar spot (15.5%) in Shanghai region. 

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Wuxi Qianqiao Strip Steel Co.,Ltd

Address: No.8 Huicheng Avenue, Xizhang Village, Qianqiao Town, Wuxi City, Jiangsu, China

Tel: +86-510-83233269

Fax: +86-510-83233699

E-mail: maojing@wuxiacp.com

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