CISA: China composite steel price index continues to rise during March

Thursday, 25 April 2019 11:06:28 (GMT+3)   |   Shanghai

According to the data released by the China Iron and Steel Association (CISA), as of the end of March (March 31) this year, the composite steel price index (CSPI) for the Chinese domestic market was at 109.69 points, up 2.01 points or 1.87 percent month on month, while increasing by 1.02 points or 0.94 percent on year-on-year basis. 

At the end of March, the CSPI long steel index was at 115.45 points, up 2.02 points or 1.78 percent month on month and increasing by 4.23 points or 3.80 percent year on year, while the CSPI flat steel index stood at 106.31 points, increasing by 2.29 points or 2.20 percent month on month and down 1.11 points or 1.03 percent year on year. 

As of the end of March 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 88/mt ($13.1/mt), RMB 84/mt ($12.5/mt), RMB 41/mt ($6.1/mt), RMB 77/mt ($11.5/mt), RMB 92/mt ($13.7/mt), RMB 138/mt ($20.6/mt), RMB 117/mt ($17.4/mt) and RMB 27/mt ($4.1/mt), respectively, all compared to price levels at the end of February.

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