CISA: China composite steel price index increases during January

Friday, 24 February 2017 09:45:36 (GMT+3)   |   Shanghai
       

According to the data released by the China Iron and Steel Association (CISA), as of the end of January (January 31) this year the composite steel price index (CSPI) for the Chinese domestic market was at 99.87 points, up 0.36 points or 0.36 percent month on month, while increasing by 42.27 points or 73.39 percent on year-on-year basis.

At the end of January, the CSPI long steel index was at 98.33 points, up 0.73 points or 0.75 percent month on month and increasing by 40.58 points or 70.27 percent year on year, while the CSPI flat steel index stood at 104.57 points, down 0.03 points or 0.03 percent month on month and increasing by 46.05 points or 78.69 percent year on year.

As of the end of January this year, among the eight main steel products monitored by the CISA, prices of high-speed wire rod, rebar, angles and cold rolled sheet (CRS) increased by RMB 51/mt ($7.43/mt), RMB 48/mt ($7/mt), RMB 24/mt ($3.5/mt) and RMB 25/mt ($3.64/mt), while the price of medium plate, hot rolled coil (HRC), hot dip galvanized (HDG) and seamless pipe declined by RMB 21/mt ($3.06/mt), RMB 2/mt ($0.29/mt), RMB 2/mt ($0.29/mt) and RMB 29/mt ($4.23/mt), all compared to price levels at the end of December of last 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