CISA to issue steel products price index for longs, flats

CISA to issue steel products price index for longs, flats

Beginning April 1, 2005, China Iron & Steel Association’s (CISA) Financial Asset Department and Metallurgical Price Center will formally publish a composite steel products price index as well as a major steel product varieties price index once a week in the China Metallurgical Newspaper. The CISA began compiling a long and flat steel products price index in January 2005 in order to allow a better understanding of the changing prices in the steel market both at home and abroad. The price index of long products mainly refers to the composite price index for wire rod, rebar, round and section products. The flat product index refers mainly to the composite price index for HR sheet/coil, CR sheet/coil, galvanized steel sheet and medium plate. The indices to be published in the China Metallurgical Newspaper will use April 1994 as their benchmark (100).