The China Securities Regulatory Commission (CSRC), the country’s governing body of all futures exchanges, has granted its approval, allowing three commodity exchanges to launch options contracts for six industrial products over June-August for trading, according to its official post on June 12.
Japan’s ferrous scrap prices for both domestic sales and exports have been surging since mid-April, up by a range of $45-75/tonne, mainly due to slower generation while robust demand especially from overseas, but they may be approaching peaks when compared with the finished steel prices, traders in Tokyo and Nagoya of Japan predicted.
宝钢提出了热轧卷价格为月销售额$ 40 /牛逼2020年6月11日
Baoshan Iron & Steel (Baoshan Steel), China Baowu Steel Group’s listed-arm, is lifting its list prices for carbon steel hot-rolled coil (HRC) for domestic sales for July by Yuan 280/tonne ($39.7/t), according to its pricing policy released on June 10. The surge in Baoshan Steel’s HRC prices is an indication that fundamentals are comparatively stable for now and that higher raw materials prices are adding to mill costs, market sources said.
Sharp rises in ferrous scrap prices over the past weeks have forced Kyoei Steel, Japan’s largest rebar producer, to take “emergency action” for the second time in two weeks and raise its rebar prices by Yen 2,000/tonne ($19/t) from June 15, the Osaka-headquartered mini-mill announced on June 10. The increases apply to bars made at its Hirakata plant in Osaka, its Nagoya in central Japan, its Yamaguchi plant in western Japan, and at its wholly owned subsidiary Kanto Steel, north of Tokyo.
中国沙钢提出了另一个$ 7 / T长途钢材价格188体育滚球平台导航2020年6月11日
Shagang Group, China’s largest long steel producer in East China’s Jiangsu province, will raise all its long steel prices by another Yuan 50/tonne ($7/t) for sales over June 11-20, and this has been the third price increase in a row since May 20-31, the company announced on June 11.
Japan’s largest H-beam producer, Nippon Steel has decided to remain its H-beam list prices unchanged for June spot sales, despite that spot sales prices have been dropping and H-beam stocks among the domestic dealers have stayed at a rather adequate level even after recent declines.
周刊：日本国内废钢价格再升$ 18-32 /吨188体育滚球平台导航2020年6月9日
Japan’s domestic ferrous scrap prices have been rising steadily as of June 9 on slower scrap generation and remaining solid demand, up another Yen 2,000-3,500/tonne ($18-32/t) on week, though enthusiasm from overseas buyers seems to have waned on the continuing price strengthening, according to traders in Tokyo.
Vale, the world’s top iron ore miner, confirmed its iron ore fines production guidance to remain at 310-330 million tonnes for 2020 even with the latest suspension of its Itabira mining complex in Minas Gerais, Southeast Brazil, on the court order, according to the company’s release on June 6 local time.
中国的沙钢$ 11 /牛逼提高钢废钢采购价格188体育滚球平台导航2020年6月5日
Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker, raised its steels scrap procurement price on June 5 by Yuan 80/tonne ($11.3/t), or the first time in June, on noting the declines in deliveries while buoyant demand from domestic steel mills, market sources commented on Friday.
日本国内废钢价格上涨$ 9-23 /吨短缺188体育滚球平台导航2020年6月5日
Japan’s mini-mills have been forced to lift their scrap procurement prices the second time within the week of June 1-5 by another Yen 1,000-2,500/t ($9-23/t) on the supply tightness, but deliveries to the steelworks have stayed stretched, scrap traders in Tokyo and Nagoya shared on June 5.
Nippon Steel Stainless Steel Corp (NSSC), Japan’s largest stainless producer, has lifted its list prices for both its 300- and 400-series products for June sales by Yen 5,000/tonne ($46/t) to reflect high alloy costs, and market sources expect this will help to stop domestic stainless prices from softening further.
Nippon Steel, Japan’s largest integrated mill, has delayed the banking of No.2 furnace at its Kimitsu works near Tokyo by about a month until mid-June, as it has not been able to fulfill the signed contracts by mid-May, the company’s spokeswoman explained on June 4.