Some Factors Affecting China Steel Prices

Via the some changes of China steel market, we can find some key factors affecting China steel prices. We all know that it is so important get the latest news about steel prices, if we want to get the most proper steel with best prices, and the following information will tell you some detailed content about some factors affecting China steel prices, to help me make better choice to buy China steel!

One is the leading steel price increases based. With the steel into the callback week, the domestic construction steel factory prices were mixed. Ezion-priced East Sha Steel, transit, as well as on the North China Hebei Steel prices continue to rise in early August 30-80 yuan / ton, close to the market price of the East, North, South part of the steel is slightly reduced prices . In July the overall sharp rise in steel prices, steel price increases and relatively mild steel trading business has a certain profit margins, improved ordering enthusiasm. July and August combined steel export contracts are still relatively full, not much pressure steel contract organizations, firmer confidence in the market outlook.

The second is the raw material prices fell slightly. According to monitoring data show that as of August 2, Tangshan Carbon billet prices for 3080 yuan / ton, down from Friday 30 yuan / ton; Jiangsu Province scrap price is 2460 yuan / ton, five price unchanged; Shanxi coke price of 1100 yuan / ton, unchanged from Friday; Tangshan area 66% tastes dry iron ore price 1060 yuan / ton, down from Friday 10 yuan / ton. At the same time, 62% grade iron ore Platts index for 129.75 U.S. dollars / ton, Zhou chain fell 1.75 U.S. dollars / ton.

The third is the steel stocks have been lower than earlier levels. Data show that as of August 2, the major domestic varieties of steel stocks totaled 15,147,400 tons, weekly chain lighten up rate of 0.83%, while inventories last week, the rate of decline has slowed down significantly, this also with the current hot and rainy, building construction delay the manufacturing sector increased for the summer break. But it is worth noting that, in the context of a new high yield, current inventory levels have been slightly lower than last year's level, indicating that the release of this year's relatively strong overall demand.

Above all, if we want to get the newest information about China steel suppliers and China steel prices, we should collect as much as data, to compare and analytics, and we can make a wiser decision! Certainly, via our survey, we can share the latest China steel prices information on unique site, which is SteelFromChina, it has been running steel exported business for 5 years, and has got lots of honest customers all over the world. For SteelFromChina, all kinds of steel can be provided, like Galvanized Steel Coil, Galvanized Steel, steel section, steel tube, rectangular tube, seamless pipe, square tube, circular tube, angle iron, flat bar, H beam, etc. Of course, the quality of steel can be guaranteed! 

Asian Steel Prices Trends

In China, despite the recent trend of the stock market, rebar futures and forward markets rebounded slightly, but on the spot market, the real impact is not large, slightly better state of mind and sluggish turnover poured cold water pouring cold. Opened this week, is still continuation of last week to run the disadvantaged, each finished China steel prices dropped again. Lumber prices lower reverse towed upstream billet and coke prices to weaken, but also makes the downstream procurement caution is becoming increasingly clear, take the goods market further weakening of short-term weakness will continue.

In India, the steel market remains weak. Indian hot rolled coil market is weak. The local ex-factory price is maintained at of 33750-34250 rupees / tonne ($ 625-635 / t), equivalent to 581-591 U.S. dollars / ton (CFR) plus 7.5% import duty. With the international steel market weakness, import resources to offer continued to fall, Chinese commercial grade hot rolled coil exports to India at 560-570 U.S. dollars / ton (CFR), 5-15 U.S. dollars / ton, down from last week, but the buyer offered $ 550 / ton (CFR). The cold rolling mill and end users is increasing interest on imported resources, but cautious traders and dealers expected prices continue to fall. Due to weak demand, coupled with imports increasing pressure on India this month, the price of hot rolled fear of decline 500-1000 rupees / tonne ($ 9-19 / t).

In Taiwan, the steel market continued to decline. Plate import market decline. 550-560 U.S. dollars / ton (CFR), now China and Ukraine and Resources News India resources offer about 510 U.S. dollars / ton (FOB) compared with the previous two months, a drop of 110 U.S. dollars / ton, buyers bid at $ 540 / ton (CFR) below the acceptable range beyond the steel mills. Given the current market instability, the buyers are willing to take risks under single market waiting to see darker. Expected short-term the Taiwan plate market will continue to be bottoming.

In Southeast Asia, the the rebar market fell. Due to weak demand, coupled with imported billet and scrap drop in price, Southeast Asia rebar prices will decline. Thailand rebar prices 18400-18500 baht / ton (622-626 U.S. dollars / ton, the rationale dollars), more than two weeks ago, a decrease of 500 baht / ton (17 U.S. dollars / ton). Malaysia 10-12mm threaded offer 2380 ringgit / ton ($ 796 / t) to 2310-2370 ringgit / tonne ($ 773-793 / t), 13-32mm threaded offer from 2230 ringgit / ton (746 U.S. dollars / ton) relaxed to the 2210-2230 ringgit / tonne ($ 739-746 / t). With the end of the Malaysian general election, the market expects that the construction of large-scale projects will speed up the process, the terminal demand will rebound, of rebar prices or soon rose. However, the needs of other countries may rebound limited, and after the rainy season in June and July, the terminal needs to slow further, the consolidation coming months rebar market in Southeast Asia is expected to run.

Above all, the prices of steel show the trend of not stability, via the latest marketing survey, we can find that some steel products will uplift according to the demand of steel market, like angle iron, galvanized angle, rectangular tube, square tube, galvalume steel, ERW pipe, etc. So long as focusing on the latest trend of steel news, we will get more chance for steel trade.

Knowing Detail Features of Different Steel Products

Following the development of industrial revolution and advanced technology, the steel area is being rapid advances, all kind of new technologies are used in steel products to improve the features of steel. Today's construction industry has been rapid progress, the demand of steel suppliers, a higher demand of quality and quantity of steel products. Generally speaking, there are some differences in steel prices and features for different products, the below will give some detail instruction to the often using steel series.

According to the shape of steel, the steel products can be divided into many types, such as steel pipes, steel coil, steel sheet, etc. via the related marketing survey, we have found that Seamless Pipes are widely used different areas. It is known that Seamless Pipe is a hollow sections, peripheral joints round, square, rectangular steel. Seamless steel pipes with hollow cross-section, a large number of solid steel pipes, steel round bar used for conveying fluids compared to the same torsional strength in bending, lighter, is an economic cross-section steel, widely used in the manufacture of the structure parts and mechanical parts, such as drill pipe, automotive drive shafts, bicycle frames, and the construction using steel scaffolding.

There is another steel tube, which is called rectangular tube. The rectangular tube is a hollow square cross-section of light thin-walled steel pipe, also known as steel cold-formed profiles. It is made ​​by the Q235 hot rolled or cold rolled strip or coil for parent metal forming by cold bending after the high-frequency welding steel of square cross-section shape and size. Hot-rolled special thick-walled square tubes in addition to wall thickness of thickening, the size of the corner and edge straightness to achieve even more than the resistance welding of cold formed square tube level. And it is widely used in the manufacture of mechanical parts and engineering structures. Also commonly used for the production of conventional weapons, the barrel shells.

Because the difference of rolling temperature, rolling steel can be divided into hot rolled steel and cold rolled steel. Simply speaking, a billet in the heating, rolling through several re-trimming, corrective become steel plate, which is called hot-rolled-steel. The feature of hot rolled steel plate is low hardness, easy processing and good quality. Cold rolled steel is steel plate further rolled into a target thickness of the plate at room temperature. Comparing to hotrolled steel plate, cold rolled sheet thickness is more precise and smooth surface, beautiful and offers a variety of superior mechanical properties, especially the processing performance. And cold rolled steel is often used for cars, refrigerators, washing machines and other appliances, and industrial equipment, construction materials.

In addition to the above-mentioned steel products, there are so many featured steel, like galvanized steel, galvalume steel, prepainted steel, etc. Owing to different features, they will play a different role in related areas.

In modern steel marketing, steel prices are changing based on the economic trends, and steel suppliers are different according to region differences. In order to find the high quality steel suppliers that can provide the proper steel prices and then getting the long cooperation, the internet marking is become important, nowadays, more and more companies own their website of steel to promote their steel products and services, via these ways, for most steel demanders, they can get total information about latest steel market. 

Africa’s Colourful and Emerging Steel Market

As you may know, there is a good and emerging market in Africa, because the demand of Steel Products is strong for the region’s development, whilst the markets in Europe and America are already quite mature.

More and more trading companies are focusing on Africa and would like to grasp the exciting opportunity to obtain more and more market share in the shortest possible time.

The Steel Products we’ve experienced a heavy demand for in Africa range from Hot Rolled Steel Plate, Galvanized Steel Sheet and Galvanized Steel Coil to Black Welded Pipe and Square Tube or Rectangular Tube. These Steel Products are indeed a diverse mix in this market and the quantity, per type of Steel Product requested in this region, is very abundant.

No trading company dealing with the Steel Products in this industry can let this excellent opportunity pass by. It is, however, obvious that good and bad quality Steel Products are intermingled in this market.

Several months ago, we received an inquiry of 500 tons of Square Tube and Rectangular Tube (Square Tube: 25x25x0.75 --50x50x0.75mm, length 5.7m). As we have affluent experience, we tried our best to provide the best and latest steel prices based on the wall thickness tolerance +/-10%, but our customer received another price nearly 20USD/TON lower than our offer. It was clear that this rival supplier must be providing a much larger wall thickness tolerance to achieve such a low quotation. It was indeed proved that we were right, because when the customer received the Square Tube and Rectangular Tube, the wall thickness was far thinner than his request and he was not satisfied at all.

In order to avoid such problems, we always recommend our customers to carry out an SGS or BV inspection before the goods are delivered to the port. It is equally important to stipulate this in the contract you sign with your supplier, as it will push the supplier to take extra special care in ensuring the Square Tube or Rectangular Tube for example, will indeed be manufactured to the parameters agreed upon in the contract. This way it will give you better peace of mind in knowing the Steel Products you receive will be spot on.