Scrapex Banner
Author: 21 Mar 2012 Last updated at 07:45:39 GMT

Chinese steel production advances; prices still on top: CISA

BEIJING (Scrap Monster): Steel product prices in China have continued advance since late February. Current domestic steel product prices have increased by around 3% as compared with four weeks ago, according to market sources.

Meanwhile, the capacity utilization rates of Chinese steel mills have also indicated some increases.

The China Iron and Steel Association (CISA) has indicated that in early March this year the average aggregate daily crude steel output of the association's member steel enterprises stood at 1.5858 million mt, up 2.49 percent compared to late February.

Meanwhile, the overall average daily crude steel output in China in early March came to 1.898 million mt, up 13.08 percent compared to late February.

Market insiders state that small and medium-size steel mills have continued to step up their production since February.

The increased outputs reflect some improvements in demand levels amid current reduced inventory levels. However, rising production may also put pressure on the current rebound in market prices.

METAL PRICE CHARTS

GET PRICE CHARTS

Platinum Scrap Price Charts

14ct Gold Scrap Price Charts

9ct Gold Scrap Price Charts

RELATED NEWS

Tokyo steel cuts H2 scrap buying prices second time in three days

October 17th 2014 01:39 AM
Tokyo steel cuts H2 scrap buying prices second time in three days
The country's top producer of H-beams- Tokyo Steel has announced further cut of ¥ 1,000/ton in scrap purchasing prices

US H1 scrap average prices held steady on Oct 14th

October 16th 2014 07:08 AM
US H1 scrap average prices held steady on Oct 14th
The US H1 scrap price average prices were at $342.50 per long ton, as on 14th October, 2014

Japanese H2 scrap prices extend decline during second week of Oct '14

October 16th 2014 03:31 AM
Japanese H2 scrap prices extend decline during second week of Oct '14
The average price of Japanese H2 scrap declined further during the second week of October

Scrap exports by EU region up 5% during H1 2014

October 16th 2014 01:37 AM
Scrap exports by EU region up 5% during H1 2014
According to most recent trade statistics, the scrap exports by the EU-27 countries increased during the initial six-month period of…
Next Story