According to the data released by the China Iron and Steel Association (CISA), as of the end of September (September 30) this year the composite steel price index (CSPI) for the Chinese domestic market was at 113.82 points, down 1.48 points or 1.28 percent month on month, while increasing by 38.26 points or 50.64 percent on year-on-year basis.
At the end of September, the CSPI long steel index was at 118.57 points, down 2.39 points or 1.98 percent month on month and increasing by 44.38 points or 59.82 percent year on year, while the CSPI flat steel index stood at 110.86 points, down 0.78 points or 0.70 percent month on month and increasing by 32.28 points or 41.26 percent year on year.
As of the end of September this year, among the eight main steel products monitored by the CISA, prices of high-speed wire rod, rebar, angles, hot rolled coil (HRC), cold rolled sheet (CRS), hot dip galvanized (HDG) decreased by RMB 34/mt ($5.13/mt) and RMB 130/mt ($19.6/mt), RMB 48/mt ($7.24/mt), RMB 7/mt ($1.06/mt), RMB 59/mt ($8.90/mt) and RMB 173/mt ($26.09/mt), while prices of medium plate and hot rolled seamless pipe rose by RMB 64/mt ($9.65/mt) and RMB 198/mt ($29.86/mt), all compared to price levels at the end of August of the current year.