China’s steel exports totaled 36.6 million tonnes over January-August, or down more steeply by 18.6% on year, while its steel imports surged 59.6% on year to 12.2 million tonnes over January-August, according to the latest statistics from the country's General Administration of Customs.A detailed report will be posted soon.
Mysteel’s PORTDEX 62% Australian Iron Ore Fines price declined by Yuan 9/wmt ($1.3/wmt) on day to Yuan 954/wmt FOT Qingdao and including the 13% VAT on September 4. The same day, the SEADEX 62% Australian Iron Ore Fines index also dropped by $1.85/dmt on day to $128.9/dmt CFR Qingdao, bringing an end the run of successive increases over the previous five trading days.
Nippon Steel, Japan’s largest integrated mill, have been mulling the restart of two idled blast furnaces in the second half of fiscal 2020 (October 2020-March 2021) on noting the steady improvement in steel demand from the country’s auto sector, a Nippon Steel official confirmed on September 4.
The capacity utilization rate of the 126 blast furnaces in Tangshan, North China’s Hebei province, had been gradually easing from the year’s high of 91.2% in the past three weeks to 87.5% by September 3, as the local authority had intensified curbing on local steel mills, a key source of air pollution, Mysteel’s latest survey showed.
The blast furnace capacity (BF) utilization rate among China’s 247 steel mills dipped for the third week, inching down another 0.13 percentage point on week to 94.52% over August 28-September 3, though it still perched at the plateau since Mysteel updated the survey samples in January 2019, showing that many of the surveyed mills had just been fine tuning their steel production.
沙钢另外$ 7.2 /牛逼提升废钢采购价格2020年9月4日
Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker, sees its production cost on a consistent rise, as it has lifted its steel scrap procurement price again by Yuan 50/tonne ($7.3/t) for deliveries starting September 4 just to secure more supplies when the availability is rather low, market sources noted.
Total imported iron ore inventories at the 45 Chinese ports grew for the second week by 635,100 tonnes or 0.6% to 113.7 million tonnes by September 3, as higher iron ore discharges from these ports had been offset by the ease of vessel congestion, according to Mysteel’s latest survey report on September 4.
Vale, the world’s largest iron ore miner, has completed its first iron ore deal via the blockchain technology with Nanjing Iron & Steel Group International Trade, a subsidiary of China’s Nanjing Iron and Steel (NISCO) for 176,000 tonnes of Brazilian Blend Fines (BRBF) from Teluk Rubiah Maritime Terminal of Malaysia to China, Vale shared on September 4.