www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

China steel mills raise Sept product prices

Updated: 2011-08-16 16:19

(Agencies)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

More of China's leading steel mills have decided to raise prices of their main products for September bookings, aiming to catch up with rising spot market prices and in anticipation of stronger demand next month, Reuters reported.

Two leading mills, Wuhan Iron & Steel Co Ltd and Beijing Shougang Co Ltd, will raise September prices for their main flat steel products in the wake of a similar move by Baoshan Iron & Steel Co Ltd (Baosteel) last Friday to take advantage of growing demand.

"Price rises by steel mills reflect climbing prices in the spot market since the end of July as steel mills received strong bookings in August. Steel prices are expected to increase next month as traders and end users need to build up stocks as demand improves," said Bill Chen, a senior trader with Hong Kong-based Smart Timing Steel Ltd.

Baosteel, the country's biggest-listed steelmaker, said last Friday that it would raise prices for hot-rolled coil by 60 yuan ($9) per ton and cold-rolled coil prices by 120 yuan per ton for September, in line with market expectations.

Baosteel usually sets the tone in pricing direction for the domestic steel market, followed by domestic rivals.

Wuhan Steel, the country's third-largest producer, plans to raise hot-rolled coil prices by 100 yuan per ton and cold-rolled coil prices by 120 yuan per ton, respectively, in line with Baosteel's increases.

Shougang will lift cold-rolled coil prices by 50 yuan per ton, but has yet to make a decision on hot-rolled coil.

Another major mill, Angang Steel Co Ltd is expected to announce new prices later this week.

Steel demand to remain strong

Steel demand in China is expected to remain robust as the world's second-largest economy aims to maintain strong growth boosted by its continued investment in urbanization and industrialization, the China Iron & Steel Association (CISA) said on Tuesday.

"The engine driving up China's economic growth will still be powerful due to rapid investment growth, which will support steel demand in the near future," CISA said in a monthly report published on its website.

CISA also expects that China's steel exports will continue to stay relatively high, supporting steel demand.

China's economy would grow 9.2 percent in the third quarter, slightly down from the first two quarters of the year, a think tank under China's National Development and Reform Commission, the economic planning agency, said in a report.

Inventories of five main steel products - hot-rolled coil, cold-rolled coil, plate, wire rod and rebar - fell for the fourth straight month by 3.24 percent to 13.85 million tons in 26 major cities by end of July from the previous month.

"Large-scale construction of social housing and water conservancy as well as railway projects will continue to boost demand for construction steel products, while flat steel product mills will face growing competition as its end users including shipbuilding, auto and machinery see slower growth," CISA said.

Data from the report also showed that rebar spot prices rose 0.85 percent at end July from a month ago, wire rod price gained 1.51 percent and hot-rolled coil price rose 0.43 percent during the same period, while almost all other flat steel products fell modestly in July.

"Chinese steel mills will still face high production costs in the near future, narrowing the room for prices to fall in a large way," CISA added.

Prices of spot iron ore gained 1.5 percent in July from June, while coking coal prices jumped 2 percent from a month earlier.

主站蜘蛛池模板: 女人张开双腿让男人 | 国产成a人亚洲精v品久久网 | 国产成人在线免费视频 | 日本乱人伦在线观看免费 | 爱爱客影院在线影院gf发现 | 亚洲欧美视频在线播放 | 国产欧美日韩精品一区二 | 国产成人精品一区二区免费视频 | 亚洲国产成人久久综合一 | 嫩模大尺度人体福利视频 | 亚欧色视频在线观看免费 | 亚洲国产第一区二区香蕉日日 | 免费观看毛片视频 | 精品欧美一区二区在线观看 | 国产成人黄色 | 国产日本一区二区三区 | 国产在线视频精品视频免费看 | 亚欧成人一区二区 | 成人合成mv福利视频网站 | 免费一级特黄 | 日韩免费一区二区三区 | 国产欧美一区二区精品性色 | 国产精品99久久久久久www | 国产在线不卡免费播放 | 手机看片在线播放 | 真人毛片免费全部播放完整 | 三级在线网站 | 国产在线视频一区 | 怡红院亚洲怡红院首页 | 在线播放亚洲精品 | 午夜黄色毛片 | 国产黄三级三·级三级 | 狠狠色丁香婷婷久久综合不卡 | 韩国一级毛片大全女教师 | 亚洲一区www | 日本免费一区二区三区a区 日本免费一区二区三区看片 | 成年人免费视频观看 | 久久精品国产99久久99久久久 | 成人免费毛片一区二区三区 | 亚洲国产成人精品区 | 手机看片日韩国产一区二区 |