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Global steel market rose trend
2017-08-05 11:43:01

Global steel market rose trend

Abstract: Data show that in July the trend in Asia and its Chinese market is very strong, and once again lead the global general index shocks rise. To this end, combined with the fundamentals of the situation, in August the international steel market or continue to shock up trend.
 
In the Chinese market under the guidance of the international steel market in July to show up the trend. At the end of the month, the global steel benchmark price index rose 4.2% month-on-month, or 27.6% year-on-year. Among them, the flat material index was 97.6 points, up 5.2% month-on-month, up 26.1% YoY. The longs index was 113.8 points, up 3.0% qoq (up 31.2% yoy) , The chain rose 6.1% (or expand), up 40% year on year. The index was 106.4 points, up 0.9 percent on the month-on-month basis, up 9.1 percent year-on-year and the European index at 91.1 points, the European index rose 91.5 points, Month rose 2.2% (or expand), up 15% year on year. Data show that in July the Asian and Chinese market trend is very strong, and once again lead the global general index of the shock rise. To this end, combined with the fundamentals of the situation, in August the international steel market or continue to shock up trend.
 
Flat material: the market prices continue to rise. In Korea, the main galvanized sheet manufacturers in South Korea, including demand for East Steel, East China Steel and World Asia Coatings, have increased the price of galvanized sheet by KRW 20,000 / tonne (US $ 18 / Ton), while the mills are also planning to raise prices in August. Industry insiders said that steel mills in August rose more than in July. In Japan, Tokyo Steel released in August 2017 steel prices, all steel varieties ex-factory price remained unchanged. At present, the specifications for the 2.3mm-6.0mm thick hot-rolled sheet ex-factory price is still 67,000 yen / ton. In July, the strong trend of the Chinese market, driven by the Asian hot rolled spot market continues to rise. At present, China's export volume of goods rose to 505 US dollars / ton (FOB), but also rose 5 US dollars / ton, cold volume reported 540 US dollars / ton (FOB), up 10 US dollars / ton. However, industry insiders pointed out that China's domestic steel prices continue to climb, will make the export competitiveness of Chinese products continued to decline.
 
Long products: market prices continue to rise. In Japan, Tokyo Steel released in August 2017 steel prices, all steel varieties ex-factory price remained unchanged. At present, the specifications of 13-25mm rebar ex-factory price is still 56,000 yen / ton, specifications for the 148 × 100 H-beam ex-factory price of 78,000 yen / ton. However, well-informed sources, due to electrodes, refractories and other prices, some Japanese rebar is planning to raise prices. The relevant steel mills, said the recent rapid increase in production costs, the corresponding steel price increase is reasonable, but also the trend. At present, the mainstream rebar offer in Tokyo is 5.6-57 million yen / ton, the mainstream rebar price in Osaka is 5.3-54 million yen / ton, the Japanese rebar export price of 5.3-54 million yen / ton (FOB), are slightly up. In China Taiwan, Fengxing Steel raised its rebar price for 3 consecutive weeks. Among them, 13mm rebar price increase of NT 300 NT / ton to 15,000 NT / ton. Market analysts said that from July to August, Taiwan's local steel mills had a shutdown plan, the rebar market supply is expected to decline, plus the billet prices from mainland China and Russia are higher, Taiwan's steel mills use small imports Billet rolling rebar and no price advantage, so the current demand for local rebar market in Taiwan is better, there are room for further price increases. In Iran, rebar prices continue to rise due to tight supply of billets. To this end, the Iranian Steel Producers Association recently convened a rebar mill to study the response to billet supply and response to price increases. Steel mills believe that a large number of billet exports is the main reason leading to domestic supply constraints. The response is to reduce the import of billet taxes, so that the rebar mill can be imported from abroad. Followed by encouraging major billet manufacturers to increase their supply to the domestic market. In July, by the Chinese market rose, Asian long products market continues to rise. Currently. China's steel export quotations have been approaching 500 US dollars / ton (FOB), rebar mainstream export offer basically stable at 515-525 US dollars / ton (FOB, real weight). Steel trade has said that China's steel prices continue to rise, the international market competitiveness is bound to weaken. But if the global steel mills are to follow the price, then the late trend can be cautiously optimistic.
 
Trade relations. July 14, the Australian Anti-dumping Commission issued 2017/95 announcement that imports from mainland China, South Korea, Malaysia and Taiwan's hollow structural steel start anti-dumping period in the review of the investigation, the import of products from mainland China to start countervailing Interim review review. The survey period is from July 1, 2016 to June 30, 2017.
 
Summary: According to the operating situation combined with the fundamentals forecast, in August the Asian steel market or continue to shock up trend.
 
European steel market: sharply higher. The benchmark price index for the region was 91.1 points, up 1.3% qoq (uptrend), up 2.2% yoy (up), up 15% yoy (up 21.3% yoy). (See Figure 3)
 
Long products: the market price steadily up. At the end of July, the Nordic rebar delivery price of 455-465 euros / ton, South European rebar delivery price of 430-440 euros / ton, are stable. Rebar export price of 420-430 euros / ton (FOB), up from the beginning of 5-10 euros / ton. In Turkey, Turkish rebar export prices rose slightly to 460-470 US dollars / ton (real weight FOB). Wire rod export price is still 470-480 US dollars / ton (FOB). It is reported that at least two Turkish mills to 460 US dollars / ton price, exports about 50,000 tons of rebar to the Southeast Asian market, it is expected that the export price will continue to rise slightly. In terms of profiles. Prices for European profiles and small profiles rose 15-25 euros per tonne due to higher scrap prices and increased market demand. At present, the European continent profile delivery price of 500 euros / ton, compared with the end of June rose 15-20 euros / ton. Market analysts said that due to the British steel group to reduce the supply of profiles, will promote the British profile prices bullish, especially in the recent small profile market by the impact of the price of major steel mills, the market price to follow the rise. To this end, there are industry analysts said that the short term European profiles and small market trend is still steady and strong.
 
Summary: According to the operating situation combined with the fundamentals is expected, the recent European steel market or continue to rise trend.
 
Flat material: the market prices continue to rise. In the United States, due to improved market demand, coupled with imports of small resources, a number of US steel mills raised sheet prices, the range of 25-40 dollars / short ton. Among them, the Canadian Iron and Steel Industry Group, Nucor and Anmei US companies price increase of not less than 25 US dollars / short ton, while NLMKUSA company price increase was 40 US dollars / short ton. After the price increase, the mills of the hot volume, cold volume ex-factory price were 620 US dollars / short ton and 820 US dollars / short ton. Market analysts said that despite the steel prices continue to raise prices, but the US service center inventory is still low, mainly because the 232 survey has not yet been the result, the market is still uncertain, there is room for price increases later. In Brazil, Minas Giras Steel recently announced a 10.7% increase in price, effective July 21. Minas Giras Steel said the price increase is mainly the response to the rise in international steel prices, if not raise prices, steel mills may face cut. Of course, the recent decline in Brazilian hot roll imports is also a reason for steel prices. Brazilian flat material association president Loureiro said Brazilian flat material producers ArcelorMittal and Gaelage Group will follow Minas Gerais Iron & Steel Company to raise prices for hot rolls. However, he said that ArcelorMittal raised about 10% of the company, effective from July 24, Gail Road Group will be August 1 on the hot volume price increase, or 10%. It is reported that the Brazilian state black metallurgical company has not yet expressed whether the price increases, but is expected to keep up with the trend of the market. But traders say there is a risk of price hikes when most steel mills compete to ship. At present, the Brazilian domestic hot coil does not include the ex-factory price of 2050 reais / ton.
 
Long products: market prices fluctuated slightly. In the United States, because the 232 survey results have not yet released, the market wait and see mood thicker. At present, the rebar prices in the southeast are slightly weaker, with ex-works prices at $ 515-530 / short ton, down $ 10 / short tonne before. Wire market conditions are similar to rebar, but the price is still steady, industrial wire offer is still 570-590 US dollars / ton, for two consecutive months to maintain a smooth. Market analysts said that although the market rumors will increase the August delivery price of resources, but so far there is no steel firm clear position, it is expected in August wire rod market or to stabilize the main.
 
Trade relations: the United States O'BerryEnterprisesInc. Company application, the Canadian International Trade Court of originating in China's carbon steel fasteners double anti-measures to modify the scope of products, the square head wood screws and other specific products) Measures to adapt to the product range. The decision came into effect on July 12, 2017.