The billet cost in Tangshan is as high as 4,320 yuan / ton, and the billet profit has narrowed significantly.

Chinese steel prices are likely to increase this month, bolstered by the supportive macro-economic environment and better on-year fundamentals.

Work on construction projects in many parts of China have restarted sooner after Chinese New Year (CNY) than in other years, partly in response to the urging of the central government for quicker progress on new infrastructure projects to help boost the domestic economy. This is no doubt that constr......

China's domestic steel prices including rebar and hot-rolled coil in the spot market had increased over February 7-11 after the Chinese New Year (CNY) holiday, in response to the market optimism on the strengthening futures, lower on-year stocks, and the firm raw material prices.

In 2021, the export tax rebates for color-coated coils, galvanized coils and galvanized coils will be cancelled successively, which will have a profound impact on the import and export of steel.

Data from the General Administration of Customs on March 7 showed that from January to February 2022, China exported a total of 8.234 million tons of steel, a year-on-year decrease of 18.8%.