11,024.33 TRY BIST 100 BIST 100
40.55 TRY Interest Interest
85.89 USD Fossil Oil Fossil Oil
31.06 USD Silver Silver
4.49 USD Copper Copper
107.83 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,553.39 TRY Gold (gr) Gold (gr)

Hot rolled coil production declined in China

Hot rolled coil production in China has further decreased recently, while stocks are increasing at a slower pace. According to data from 37 Chinese flat steel producers surveyed, hot rolled coil production reached 3 million tons during the period of February 26th to March 1st.

Hot rolled coil production declined in China

However, there was a decrease of 48,900 tons, or 1.6% in the second week. The decline is attributed to maintenance work at some steel production facilities in Northeast China.During the same period, it was observed that logistics services continued to recover following the end of the Lantern Festival on February 24th, leading to many factories resuming hot rolled coil deliveries.

However, the changes in low production and fast delivery pace led to a decrease in stocks for the 37 surveyed factories. Within this week, stocks decreased by 2.3% to 963,900 tons as of February 29th, putting an end to the increases seen over the previous four weeks.

Meanwhile, stocks of flat products in commercial warehouses in 33 cities decreased to 3.4 million tons as of February 29th, with a slower weekly increase of 3.1%, indicating a gradual improvement in secondary market demand for hot rolled coils.

On the other hand, spot and futures prices for hot rolled coils in China have further declined. As of March 1st, the spot price for Q235 4.75 mm hot rolled coil, including VAT, stood at 4,038 yuan/ton (560.9$/ton).


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

Global energy market sees shifts: Gas prices rise, coal market faces mixed trends

Monday, July 15, 2024

Colombian iron and steel exports increase in volume but decline in value

Wednesday, July 10, 2024

ASEAN-6 region saw an increase in total scrap demand

Wednesday, July 10, 2024

New era in EU steel quotas : Türkiye hits capacity on 4 products

Thursday, July 11, 2024

Shyam Metalics and Energy announced its consolidated net profit in the 4th quarter

Thursday, July 11, 2024
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now