On the occasion of the start of the 2012 New Year, international steel prices showed a tendency to rebound, and demand was picking up. However, domestic steel prices remained cautious and the reality of low demand kept steel makers from maintaining stable steel prices in January and February.
Comprehensive media reports that recent international scrap prices have risen sharply, and that steel mills in Europe, the United States, Japan, and South Korea have increased their steel prices, and US hot-rolled prices have been raised several times by steel mills. The spot price has been raised by 20-30 US dollars compared to the end of last year. Tonnes, while accompanied by a rebound in demand.
Following the US$30/ton increase in export prices of HRC from January and February, Japan JFE Steel raised its HRC shipment for March by US$50/ton, which was increased by US$80/ton cumulatively. Bottom out. According to JFE’s hot-rolled steel plate export department, due to the fact that profitability has not yet reached a sufficient level, it will require a price increase of around US$50 in the negotiations after March.
Due to the increase in orders for flat products and long products and the rebound in prices, Italy's Riva Group and Luquilni Steel have resumed production due to the shutdown of production lines and blast furnaces.
Riva Group, Italy’s largest steel producer, said that its No. 1 hot strip rolling mill at Taranto will resume production on January 9. The mill’s annual capacity of 3.6 million tons was suspended on October 31 last year.
Luchini Steel also said that the only blast furnace at its Piombino plant has resumed production in January. The blast was closed on December 24 last year and was scheduled to restart on January 18th. However, because some orders have been received so far, the actual start of the blast was more than a week earlier than originally planned.
Unlike foreign steel mills, despite the fact that most domestic steel mills have fallen into losses at the end of last year, forcing steel mills to actively reduce production and steel prices have been supported, demand in the steel market is still sluggish. The three major steel companies such as Baosteel, Wuhan Iron and Anshan Iron and Steel Co. The mainstream steel mills are all "prudent" cautious, and their steel price strategies in January and February are generally stable.
The consensus that the raw material iron ore price will change before 2012 will also be one of the reasons why domestic steel prices are not going to easily raise prices, in order to maintain the cooperative relationship between steel mills and suppliers and suppliers, and, with the three major The prudent licensing of steel mills, industry analysts generally believe that because the current auto, home appliances and other industries are still not out of the doldrums, the major downstream companies will not be willing to bulk stock, the domestic steel mills do not have the basis for a comprehensive and substantial price increase.
With the huge profits attracted by iron ore in recent years flowing into the development of mines, the supply capacity of iron ore has grown rapidly. This year, the situation of oversupply of iron ore has gradually emerged. Industry insiders expect that China’s imports of coal will The price will be around US$140/ton, which is lower than the average import price of around 15% in 2011.
According to customs statistics, in December 2011, China imported 64.09 million tons of iron ore, a decrease of 110,000 tons compared to the previous month; in December, the average monthly price of imported iron ore in China was US$141.24 per ton, down 12.89% month-on-month. In 2011, China's cumulative import of 68.60 million tons of iron ore, an increase of 10.9%; the average price of imported iron ore in 2011 was US$163.84 per ton, an increase of 27.02%.
However, after the effect of Asian production cuts, the contradiction between supply and demand eased, and export prices of Japanese, Korean and Chinese steel mills have been raised. With the recovery of spot consumption after the year, Shanghai Iron and Steel is expected to brewing a rally.
Comprehensive media reports that recent international scrap prices have risen sharply, and that steel mills in Europe, the United States, Japan, and South Korea have increased their steel prices, and US hot-rolled prices have been raised several times by steel mills. The spot price has been raised by 20-30 US dollars compared to the end of last year. Tonnes, while accompanied by a rebound in demand.
Following the US$30/ton increase in export prices of HRC from January and February, Japan JFE Steel raised its HRC shipment for March by US$50/ton, which was increased by US$80/ton cumulatively. Bottom out. According to JFE’s hot-rolled steel plate export department, due to the fact that profitability has not yet reached a sufficient level, it will require a price increase of around US$50 in the negotiations after March.
Due to the increase in orders for flat products and long products and the rebound in prices, Italy's Riva Group and Luquilni Steel have resumed production due to the shutdown of production lines and blast furnaces.
Riva Group, Italy’s largest steel producer, said that its No. 1 hot strip rolling mill at Taranto will resume production on January 9. The mill’s annual capacity of 3.6 million tons was suspended on October 31 last year.
Luchini Steel also said that the only blast furnace at its Piombino plant has resumed production in January. The blast was closed on December 24 last year and was scheduled to restart on January 18th. However, because some orders have been received so far, the actual start of the blast was more than a week earlier than originally planned.
Unlike foreign steel mills, despite the fact that most domestic steel mills have fallen into losses at the end of last year, forcing steel mills to actively reduce production and steel prices have been supported, demand in the steel market is still sluggish. The three major steel companies such as Baosteel, Wuhan Iron and Anshan Iron and Steel Co. The mainstream steel mills are all "prudent" cautious, and their steel price strategies in January and February are generally stable.
The consensus that the raw material iron ore price will change before 2012 will also be one of the reasons why domestic steel prices are not going to easily raise prices, in order to maintain the cooperative relationship between steel mills and suppliers and suppliers, and, with the three major The prudent licensing of steel mills, industry analysts generally believe that because the current auto, home appliances and other industries are still not out of the doldrums, the major downstream companies will not be willing to bulk stock, the domestic steel mills do not have the basis for a comprehensive and substantial price increase.
With the huge profits attracted by iron ore in recent years flowing into the development of mines, the supply capacity of iron ore has grown rapidly. This year, the situation of oversupply of iron ore has gradually emerged. Industry insiders expect that China’s imports of coal will The price will be around US$140/ton, which is lower than the average import price of around 15% in 2011.
According to customs statistics, in December 2011, China imported 64.09 million tons of iron ore, a decrease of 110,000 tons compared to the previous month; in December, the average monthly price of imported iron ore in China was US$141.24 per ton, down 12.89% month-on-month. In 2011, China's cumulative import of 68.60 million tons of iron ore, an increase of 10.9%; the average price of imported iron ore in 2011 was US$163.84 per ton, an increase of 27.02%.
However, after the effect of Asian production cuts, the contradiction between supply and demand eased, and export prices of Japanese, Korean and Chinese steel mills have been raised. With the recovery of spot consumption after the year, Shanghai Iron and Steel is expected to brewing a rally.
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