News Center-Wuxi Deyuanchang Metal Materials Co., LTD

Daily Report: China's rebar prices have reached a 9.5-year high, with sales slowing down

On March 30th, the price of HRB400 20mm diameter rebar in China reached its 9.5-year high of 4,911 yuan per ton ($755 / t) at the factory price, including 13% value-added tax. Despite the cautious market conditions, the daily trading volume of construction steel declined, according to a survey by Mysteel. The daily workload on the second working day increased by another 18.4%.

2022-02-16

Chinese scrap steel: Prices may peak, futures continue to fall

Industry insiders told Fast Market that on Friday, March 5th, the sharp drop in China's steel futures and spot prices kept buyers away from the import market. The overnight price decline of rebar, hot-rolled coil and iron ore futures dampened purchasing interest. The bid for imported HRS101 grade heavy scrap (HS) is $500- $502 per ton CFR China.

2021-04-15

CSLPC: China's steel PMI in March dropped to 47.9 inches

China's steel industry Purchasing Managers' Index (PMI) reached 47.9 in March, or dropped by 0.7 basis points month-on-month. This was due to the gradual recovery of domestic steel demand and the decline in steel production caused by pollution control. The official index compiler -CFLP Steel Logistics Professional Committee (CSLPC) - made comments in the version released on March 31.

2021-03-29

The National Bureau of Statistics: China's manufacturing PMI recovered to 51.9 in March

China's manufacturing Purchasing Managers' Index (PMI) rose 1.3 basis points to 51.9 in March after contracting for three months or remaining above the 50 threshold for 13 consecutive months. Data released by the country's National Bureau of Statistics (NBS) on March 31 shows that China's economy is growing.

2021-03-28