Metalnewsnet 21 May ： The rampaging production of steel clocking a growth of 27% YoY in April touching 55.4 million tonne seems to be playing a marauder in the domestic market.
The long product prices took lead in this epidemic meltdown as state came down heavily on third transactions of property in a bid to stem the rot and make demand transparent. The icing on the cake came when the Central Bank announced raising the cash reserve ration by 0.5 % to curtail inflation.
With the demand de stabilization and production agog, the disaster was waiting to happen. China’s rebar output in April at 11.33 million tonne hit its second largest record following last October’s 11.59m tonnes. There was a YoY and MoM gain of 19% and 5% respectively. The combined output in the first four months of the year amounted to 41.56 million tonne rising by 16% YoY.
With the twin diabolical forces operating overtime the debacle was inevitable .The long product prices plummeted by 8% in May, whereas the rebar prices fell by 9% with no signs of let up.
| Class | 04-May | 19-May | Change | %
| | CLPPI | 7135 | 6576 | -559 | -7.8%
| | CFPPI | 7357 | 6989 | -369 | -5.0%
| | CHISPI | 7261 | 6810 | -451 | -6.2% |
CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index
| Category | 15-Apr | 17-May | Change | %
| | PI- WRC | 6098 | 5665 | -433 | -7.1%
| | PI- Rebar | 8390 | 7679 | -711 | -8.5% |
PI- Product Index
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1. Benchmark products in each category with fixed commonly used sizes and grades
2. Average transaction levels which have settled well, based on continuous interactions with domestic mills and traders
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Products covered
1. Input materials and semis
2. Long Products
3. Flat Products
5. FOB levels for export FOB Black Sea, China, Turkey and India
1. Input materials and semis
| Product | Locations
| | Metallurgical Coke - A<12.5%,S<0.6% | Handan, Hejin, Huaibei, Pingdingshan, Qitaihe, Shanghai,Tangshan, Weifang
| | Coke - Common | Guizhou Province, Yunnan Province
| | Scrap - 6-8mm | Acheng, Anyang, Beijing, Benxi, Chongqing, Dalian, Guangzhou, Hangzhou, Hefei, Jiangyin, Jinan, Kunming, Laiwu, Lanzhou, Lingyuan, Liupanshui, Loudi, Shanghai, Tangshan, Tianjin, Tonghua, Wuhan, Wuyang, Zhangjiagang
| | Pig Iron - Z18-22 | Anshan, Changzhou, Guiyang, Harbin, Kunming, Linyi, Linzhou, Taiyuan, Weihai, Wuan, Xuzhou,Yicheng
| | Pig Iron - L08-L10 | Anyang, Guiyang, Harbin, Kunming, Linyi, Longyan, Maanshan, Taiyuan, Tangshan, Wuan, Yicheng, Zibo |
2. Long Products
| Product | Locations
| | Angle - #5 | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
| | Channel - #16 | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
| | Beam - #25 | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
| | Rebar - 12mm HRB335 | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Guiyang, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
| | Rebar - 20mm HRB335 | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Guiyang, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
| | Rebar - 20mm HRB400 | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Guiyang, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
| | WRC - 6.5mm Common | Changsha, Chengdu, Chongqing, Guangzhou, Guiyang, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Zhengzhou
| | WRC - 6.5mm HS | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Guiyang, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
| | Billets - Q235 | Fujian, Hanzhong, Liaoyang, Linfen, Linzhou, Shandong, Tangshan, Tianjin, Zibo
| | Billets - 20MnSi | Fujian, Liaoyang, Linfen, Linzhou, Shandong, Tangshan, Tianjin, Zibo |
3. Flat Products
| Product | Locations
| | Plates - 8mm | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
| | Plates - 20mm | "
| | Plates - Low Alloy | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Wuhan, Xian, Zhengzhou
| | Ship Plate - 10mm | Chongqing, Fuzhou, Guangzhou, Jinan, Nanjing, Ningbo, Shanghai, Tianjin, Wuhan
| | Ship Plate - 20mm | Fuzhou, Guangzhou, Jinan, Nanjing, Ningbo, Shanghai, Tianjin, Wuhan
| | HRC - 3mm | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
| | HRC - 4.75mm | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
| | HR Strip - 183*2.75 | Chengdu, Guangzhou, Hangzhou, Lecong, Shanghai, Tangshan, Tianjin, Wuhan, Wuxi
| | HR Strip - 685*3.5 | Changsha, Chengdu, Chongqing, Guangzhou, Hangzhou, Shanghai, Tangshan, Tianjin, Wuhan, Wuxi
| | CR - 0.5mm | Chengdu, Chongqing, Guangzhou, Hangzhou, Kunming, Lanzhou, Qingdao, Shanghai, Urumchi, Wuhan, Xian
| | CR - 1.0mm | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Qingdao, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
| | HDG - 0.5mm | Beijing, Boxing, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Nanchang, Shanghai, Shenyang, Tianjin, Wuhan, Xian, Zhengzhou
| | HDG - 1.0mm | Beijing, Boxing, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Nanchang, Shanghai, Shenyang, Tianjin, Wuhan, Xian, Zhengzhou
| | HDG - 0.476mm | Beijing, Boxing, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Nanchang, Shanghai, Shenyang, Tianjin, Wuhan, Xian, Zhengzhou |
4. FOB levels for export FOB Black Sea, China, Turkey and India
Weekly basis
A. Input & semis
| Product | Location
| | Scrap | Rotterdam, Turkey
| | Billets | CIS, China & Turkey |
B. Long Products
| Product | Location
| | Rebars | CIS, China, Turkey
| | Wire Rods | CIS, China, Turkey |
C. Flat products
| Product | Location
| | HR | CIS , China
| | CR | CIS , China
| | HDG | CIS , China, India
| | PPGI | India
| | Plates | CIS , China & India |
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