According to the data released by the China Iron and Steel Association (CISA), as of the end of June (June 30) the composite steel price index (CSPI) for the Chinese domestic market was at 115.80 points, up 1.51 points or 1.32 percent month on month, while increasing by 14.77 points or 14.62 percent on year-on-year basis.
At the end of June, the CSPI long steel index was at 119.50 points, up 1.66 points or 1.41 percent month on month and increasing by 12.77 points or 11.96 percent year on year, while the CSPI flat steel index stood at 114.74 points, rising by 1.71 points or 1.51 percent month on month and up 16.88 points or 17.25 percent year on year.
As of the end of June, 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) and hot dip galvanized (HDG) increased by RMB 83/mt ($12.4/mt), RMB 61/mt ($9.13/mt), RMB 28/mt ($4.19/mt), RMB 83/mt ($12.4/mt), RMB 88/mt ($13.2/mt), RMB 89/mt ($13.3/mt) and RMB 16/mt ($2.4/mt), while prices of hot rolled seamless pipe decreased by RMB 37/mt ($5.5/mt), all compared to price levels at the end of May this year.