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Steel price on August 22, 2016 in China

Aug 23, 2016

August 22, 2016, the national steel market generally pull up. 25 major cities, Shanghai, Beijing, Shenyang, Chongqing and other 16 cities rebar prices rose 10-50 yuan; Shanghai, Guangzhou, Tianjin, Shenyang, Chengdu and other cities 16 HRC prices rose 10-50 yuan; Shanghai, Wuhan, Kunming and other 11 cities plate prices rose 10-50 yuan.

 

August 22, Tangshan billet Cape tax ex-factory price rose 20-2270 yuan / ton. On that day, the Tangshan market price endured ups and downs, and the turnover is ok: Tangshan narrowband price is stable and slightly up, 2560-2580 yuan; angle steel tank price lowered 10-20 yuan to 2760 yuan. plate price was stable, 2620 yuan; Tangshan hot rolling rose 10 yuan, and hot rolled plate 2890 yuan.

 

August 22, Black commodity futures all rose, but tired in the afternoon. Now the impact of G20 and environmental on the steel market is still there, but it is difficult to deal due to the high price.

reduction of steel output is also uncertain, the the futures market was cautious.

 

Recently, the mainstream construction steel companies begun to rise their price, Shagang, Yonggang, ZhongtianSteel Group, Changda steel and Shanghai Shente etc. increased 40 yuan / ton in late August, especially Shaogang increased 100 yuan / ton.

 

 

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