Scrap Monster

EDITION
Argentina Crude Steel production rises 13.4% M-o-M in Feb
Peru's Iron Ore output rises 14.2% y/y in November
China's Steel demand expected to rise by 3.1% in 2013: CISA
By   24 Jan 2013  Last updated at  06:02:57 GMT
China's Steel demand expected to rise by 3.1% in 2013: CISA
China's steel demand is expected to rise by 3.1% in 2013, 0.6 percentage points higher than last year as the economy recovers, said China Iron and Steel Association (CISA) in its regular market report.

BEIJING (Scrap Monster): China's steel demand is expected to rise by 3.1% in 2013, 0.6 percentage points higher than last year as the economy recovers, said China Iron and Steel Association (CISA) in its regular market report.

But the CISA said that while demand was set to improve this year, oversupply problems would continue to limit price increases and eat into steel firm earnings.

The recent surge in imported iron ore prices had put steel firms under heavy pressure, with the rise in costs "far exceeding" any increase in domestic steel product prices, they added.

Chinese crude steel output reached a record 716.5 million metric tonne in 2012, but the growth rate of 3.1% was 5.8 percentage points slower than in the previous year as the slowing economy eroded demand from major downstream sectors such as real estate and automobiles.

Also Read:
Start a discussion or add a comment
360
July 31st 2015
The AISI weekly data indicates that the US raw steel production declined marginally during the week ended July 25th, 2015.
July 29th 2015
The worldwide crude steel production totaled 135.594 Million tonnes during June this year. The June '15 production was down 2.4%…
July 29th 2015
The crude steel output by Oceania region edged higher by 6% during the month of June this year. This is…
July 28th 2015
The recent statistics released by the World Steel Association indicates further rise in production of Direct Reduced iron (DRI) by…
COMEX METAL PRICES
ItemPriceUnit
Copper2.3675$US / Lb
Gold1094.90$US / Oz
Palladium610.35$US / Oz
Platinum984.00$US / Oz
Silver14.746$US / Oz
SHFE METAL PRICES
ItemPriceUnit
Aluminum12000.00CNY / Ton
Copper38530.00CNY / Ton
Lead13100.00CNY / Ton
Rebar2034.00CNY / Ton
Wire Rod2178.00CNY / Ton
Zinc14300.00CNY / Ton
SCRAP IRON & STEEL COMPANIES
O
Scrap Iron & Steel
A
Scrap Iron & Steel
Ahmedabad
D
Scrap Iron & Steel
new york city
M
Scrap Iron & Steel
London
W
Scrap Iron & Steel
Sharajah