CISA: China composite steel price index increases during May

Monday, 19 June 2017 11:18:08 (GMT+3)   |   Shanghai
       

According to the data released by the China Iron and Steel Association (CISA), as of the end of May (May 31) this year the composite steel price index (CSPI) for the Chinese domestic market was at 99.27 points, up 6.63 points or 7.16 percent month on month, while increasing by 29.30 points or 41.88 percent on year-on-year basis.

At the end of May, the CSPI long steel index was at 108.39 points, up 9.91 points or 10.06 percent month on month and increasing by 40.19 points or 58.93 percent year on year, while the CSPI flat steel index stood at 93.16 points, up 4.19 points or 4.71 percent month on month and increasing by 19.65 points or 26.73 percent year on year.

As of the end of May this year, among the eight main steel products monitored by the CISA, prices of high-speed wire rod, rebar, angles, medium plate, hot rolled coil (HRC), cold rolled sheet (CRS), hot dip galvanized (HDG) and hot rolled seamless pipe increased by RMB 340/mt ($50/mt), RMB 415/mt ($61.03/mt), RMB 275/mt ($40.44/mt), RMB 172/mt ($25.29/mt), RMB 195/mt ($28.68/mt), RMB 89/mt ($13.09/mt), RMB 152/mt ($22.35/mt) and RMB 35/mt ($5.15/mt), all compared to price levels at the end of April of the current year.

Similar articles

Ex-Asia slab prices differ depending on destination, more declines expected

28 Mar | Flats and Slab

Chinese HDG export prices mainly stable, with negative bias in some offers

28 Mar | Flats and Slab

No halt to downtrend in SE Asia’s import billet market, more traders going short

28 Mar | Longs and Billet

Vietnam’s Hoa Phat and Formosa seek AD investigation on Chinese HRC

28 Mar | Steel News

Coal output in Shanxi down 18.1 percent in January-February

26 Mar | Steel News

Local coke prices in China fall again, decline likely to halt next week

22 Mar | Scrap & Raw Materials

Asian wire rod market lags behind improvement in local Chinese market

22 Mar | Longs and Billet

Ex-China rebar offers improve, ex-Malaysia prices most competitive in Asia

22 Mar | Longs and Billet

Chinese HDG export prices fall slightly, but local market improves

21 Mar | Flats and Slab

Ex-ASEAN mills drop billet prices to accelerate sales, China finally starts to rebound

19 Mar | Longs and Billet