On May 16, 2017, the Deputy Secretary for Foreign Trade of the Ministry of Foreign Trade of the Argentine Ministry of Production of the Ministry of Foreign Trade of the People’s Republic of China, in accordance with the Ministry of Commerce of the People’s Republic of China, informed Albania of the high-speed steel hand-saw blade originating in China (Western: hojas de sierramanuales rectas de acero Rápido, Nancheng tax code: 8202.91.00 and 8202.99.90) anti-dumping review investigation and evidence collection stage has ended, the enterprises involved can refer to the investigation documents, and from the date of receipt of the notice within 10 working days to submit the final testimony.
Export orders plunged， Japanese steel orders continued to decline
According to the Japan Iron and Steel Union (JISF) 16 released statistics show that due to export orders greatly reduced, dragged down in March 2017 Japan’s ordinary steel steel orders (domestic demand + export) fell 7.5% from the same month last year to 571,000 tons, For the second consecutive month showed a decline; the above orders mainly reflect the actual 2-3 months after the actual production situation.
Japan’s steel orders grew 0.2% to 68.9 million tonnes in the fiscal year (April 2016 – March 2017), showing growth for the first time in three years.
March domestic demand for ordinary steel steel orders grew 0.2% over the same month last year to 3.685 million tons, export orders by 18.8% to 20.25 million tons.
According to the Nikkei News, Nippon Steel, JFE and other Japanese blast furnace manufacturers to give priority to meet the demand continued strong Japanese domestic car, machinery industry demand, unable to cope with export demand, but also drag the overall order volume continued to shrink.
In terms of domestic demand orders, the amount of orders for construction in Japan grew 3.2% to 1.073 million tons from the same month last year. Orders from the manufacturing sector fell 2.8% to 14.71 million tons.
In the manufacturing orders, machinery and other industrial machinery orders grew 12.7% to 136,000 tons, automotive orders grew 7.1% to 704,000 tons (for the eighth consecutive month showed growth).
Source: China Business Network
USA service center steel stocks fell for four consecutive months
April US service center shipments of 310.9 million short tons, down 4.2%, down 5.7%.
4 at the end of the US Metal Service Center steel stocks reached 719.4 short tons, down 6%, the chain fell 0.3%. According to the number of days of supply, steel stocks at the end of April rose to 2.3 months supply. At the end of March 2017, the US service center stock was 2.2 months supply, and the supply of 2.4 months at the end of April 2016.
The Indian government uses a joint venture between public utility land and private enterprises to build a steel plant
According to the Hindu newspaper reported on May 5, the Indian government plans to use the public utility surplus land and private enterprises to establish a joint venture to achieve 2030 steel production doubled to 300 million tons of the target. At present, India steel production capacity of 126 million tons. On Wednesday the Cabinet passed a new steel policy, is also plans to increase investment by 10 trillion rupees in order to achieve the goal of 300 million tons of steel production capacity. Indian Minister Iron and Steel Minister Chaudhary Birender Singh said in an interview that in order to achieve the goal, we must immediately put into action. India’s Steel Administration (SAIL) and ArcelorMittal (ArcelorMittal) joint venture to create a car steel plant plans will be settled this month.
Low-cost Eastern Europe hot rolling pressure to other European markets
The decline in Eastern Europe’s hot-rolled prices has increased pressure on other European markets due to weak demand, and other European mills are increasingly relying on spot trading and therefore lower prices.
Traders said the market is plentiful, the end of last year and early this year, the demand has been released in advance, the current inventory and service center inventory level, the price pressure increases, the steel price pressure is even greater.
Although the major Western European steel mills of the latest transaction volume of the hot-rolled ex-factory price of 530-540 euros/ton (Ruhr area), but the steel market to return to the spot market, then the price level is also difficult to achieve. According to market news, the southern German July delivery volume of hot rolled prices fell 20 euros/ton (delivery price), reported at 470 euros/ton, Benelux service center sent to Poland hot roll delivery price of 490- 495 euros/ton, excluding shipping.
In addition, the hot coil import quotations are also falling, partly due to the appreciation of the euro against the dollar, allegedly Vietnam and India on the European hot roll export price of 480-490 euros/ton (CIF, Antwerp). Cold-rolled imports were quoted at 610-620 (CFR), traders selling price of 670-680 euros/ton, thin profits, so traders scarce procurement.
The source: Murray Houston will be in charge of Glencore South Africa’s coal business
According to the South African financial 24-hour website reported on May 7, the source said Murray Houston will be in charge of Glencore South Africa’s coal business, replacing the current Clinton love Fulong. Prior to working with Glencore South African Coal, Houston was in charge of the South African coal sector of the company, which was later acquired by Glencore.
Baosteel shares: Tesla will increase the use of ultra-high strength steel, Baosteel is preparing for supply
Baosteel is seeking cooperation with Tesla in ultra- high strength steel.
As a leader in the Chinese steel industry and automotive panels, Baosteel (600019) is seeking cooperation with Tesla in ultra- high strength steel.
May 8, Baosteel shares in the interactive platform, said Baosteel and Tesla’s material team has technical cooperation. Baosteel said in an interview with surging news, “Tesla follow – up models will increase the use of ultra-high strength steel to further reduce costs, Baosteel is currently engaged in related technical cooperation and supply preparation.
In fact, Baosteel in the field of automotive panels to open up the territory does not let the outside world, the car has always been Baosteel as a strategic significance of the product. Over the past 2016, Baosteel Automotive Board sales of nearly 900 million tons, steady access to the global production, and sales of the first three. With the “Bao Wu” joint reorganization landing, Baosteel car sales will reach 12 million tons. Recently, Baosteel chairman Dai Zhihao in a surging news interview, said, “At present, Baosteel shares in China’s auto market share of 60%.”
However, in the automotive industry put forward energy-saving and lightweight requirements
the automotive steel plate is also faced with aluminum and other new materials, such as the challenge. High-strength steel to reduce the thickness of steel specifications to reduce the quality of the car at the same time, but also improve the safety performance of the collision, while both the advantages of relatively low cost, so the car is still the main choice under the weight of choice.
According to the official website of Baosteel, Baosteel has been conducting advanced steel forming technology for automobile steel since 2000. However, Baosteel really laid the leading position in the world in 2013. July 2013, Baosteel held the third generation of automotive high strength steel – QP steel (hardened ductile steel) global starting ceremony. Since then, Baosteel has become the world’s only able to mass production of the first generation, second generation, the third generation of advanced high-strength steel enterprises.
In fact, from 2012 onwards, some auto OEM (OEM) manufacturers began to bulk use of Baosteel QP steel. The QP steel is Baosteel is the first full sense of the international starting products, while high strength and high plasticity of the QP steel, automotive super high strength steel in the “leader”, whether commercial production QP steel is often seen For the steel mills have advanced technical capabilities of the logo.
February 2015, Baosteel QP steel family again upgrade, QP1180GA steel successfully off the assembly line, to achieve the world’s first.
The QP1180GA has a high ductility of more than 15% at a high strength of 1200 MPa. Baosteel’s official website shows that the product can meet the needs of different automotive users of wood, but also to achieve the development of the lightweight automotive industry and the whole life cycle of energy-saving emission reduction provides strong support.
November 2015, Baosteel is held in Zhanjiang, the third session of the Baosteel Automotive Board EVI forum for the first time released its own independent research and development of the ultra-light white body (BCB), this move is also the first in the domestic steel mills. In April 2017 Shanghai Auto Show, the surging news also saw the concept car again debut.
Baosteel BCB research and development started in 2012, 3 years invested more than 40 million yuan, high-strength steel use ratio reached 78%, advanced high-strength steel accounted for up to 42.3%, timber covered Baosteel first generation, second and third-generation Steel, including the latest development of the QP1180, MS1500, TWIP950, and other new materials. Through the high-strength thinning, to achieve vehicle performance does not decline, the body lightweight target, real car lightweight coefficient 2.7.
It is worth mentioning that, in this ultra-high strength steel before cooperation, Baoshan Iron and Steel shares and Tesla had an intersection. “Baosteel is a supplier of Tesla in 2015, mainly for the bulk supply of some steel parts of Tesla,” said Baosteel ‘s share of surging news.
In addition, Baosteel said that by virtue of its absolute leadership position in China’s auto market, “Baosteel and the domestic most of the new energy vehicles have close cooperation.”
Taiwan Zhonghong steel cut in May within the export price
Zhonghong Iron and Steel on the 26th in May within the export price, a comprehensive reduction in the price of the product, which part of the domestic price, hot rolled down 400 yuan per ton, down 2.15%, cold rolled 500 yuan per ton, down 2.27% -2.32%, hot-dip galvanized coil down 1,000 yuan per ton, down 4.54%; export price part, according to different specifications of products and different regions, each ton to maintain flat down to 45 US dollars.
In the red cut in May after the price, hot domestic sales of about 18,200 yuan per ton, cold rolled about 21,000 to 21,500 yuan per ton, hot-dip galvanized steel coil about 21,000 yuan per ton; export price Copies, hot-rolled about 500-510 dollars per ton, cold-rolled about 600 US dollars per ton.
Zhonghong said that the Chinese mainland market recently fell back, the supply of excess and increased inventory, in addition to lower domestic prices, the hot-rolled export prices also followed down, of which Southeast Asia’s latest offer between 440-450 US dollars per ton, which is normal Of the regulation of the phenomenon, as Japan and South Korea because of raw material costs are still high-grade steel, do not want to bargain competition.
Looking forward to the outlook, market participants said the mainland steel prices after this wave of regulation, the circulation market stabilized stabilized, and the international iron ore prices rebounded, coupled with the Australian coking coal prices are still high, so the price of steel Support, market outlook is still worth looking forward to.
Two USA mills raised special bar base prices
Recently, Gail Road long North America and Nucor companies have announced a special bar base price, in the range of 30-50 US dollars / short ton.
Gail Road raised carbon and alloy bar price 40 US dollars / short ton, Nucor raised 3 inches below hot rolled special bar price 30 US dollars / short ton, 3-11 inch hot rolled special bar price 40 US dollars / short ton , 3-inch hot-rolled and heat-treated bar prices $ 40 / short ton, greater than 3 inches hot rolled and heat treated special bar price $ 50 / short ton.
Fluctuation is widening How to grasp the rebar futures
From the fundamental point of view, the supply side of environmental protection in the continued promotion. With the short-term capacity, utilization has been relatively high, is expected to nearly two days of data will decline, the latter part of the marginal yield improvement will help improve the fundamentals. Demand, the current terminal procurement data is still relatively high, the demand for a substantial decline or will appear in late May after the rainy season. On the whole, the demand outlook is expected to decline, but short-term policy interference factors are still concerned about the late production shrinkage.
The policy level is not yet good
With the “area along the way” international cooperation international forum gradually approaching, environmental protection will be further dominant. At present, China Cement Association has issued a letter on May 2, will be jointly Hebei, Shandong, Henan, Shanxi, Beijing, Tianjin six provinces and municipalities cement (building materials) Association, during the Summit Forum to implement linkage kiln limited production. Henan Province will be May 6 to 20 to stop kiln, the other provinces and cities May 11 to 20 kiln.
According to the time of cement kiln to infer, nearly a week is likely to be further issued on the iron and steel enterprises limited production documents, estimated to be related to provincial and municipal crude steel production reached 350 million tons, accounting for 43.4% of the total output. According to the limited production time of the week, will affect the output of about 7 million tons. In addition, the 20-day ban on the “land of steel” special inspector activities are also advancing at the same time, inspectors found that if found to be illegal or unqualified will be notified throughout the country criticism, the circumstances will be reported to the State Council. In the short term, the policy level will continue to support the formation of steel prices.
The production of steel mills determines the late supply changes
Cost profit level, the current part of the plate business has been on the brink of profit and loss, but also maintain good profit rebar. As the overall profitability is still possible, steel mills take the initiative to stop production is not strong, the supply pressure. But our research situation, many enterprises, especially the plate has been arranged in the maintenance of the suspension of production activities, is expected later with the price pressure will increase. Futures with trader 1566275883; time point is about to enter the rebar demand off-season, but the short-term rebar by the policy level of uncertainty is still large. The reduction in production due to environmental inspectors is expected to continue until late May.
Factors affecting the release of steel production also includes passive production, that is, environmental factors. From the perspective of environmental protection, the next two weeks Beijing-Tianjin region environmental protection production will have a greater impact on the production, steel passive production lead to a greater probability of supply shrinkage. Due to the high profits caused by the early increase in blast furnace production, crude steel production has been maintained at a relatively high level, the latter part of the supply margin is relatively limited. As of mid-April, the focus of steel enterprises crude steel daily average of 2.3199 million tons/day, the forecast near the two data may be further decline.
Social stock pressure is not, concerned about the demand down
3 months late, the release of negative factors, accompanied by a sharp decline in steel prices, trade stocks also fell rapidly. As the downstream terminal demand itself is not bad, low turnover is good, social inventory continued to accelerate down, the release of social inventory pressure also contributed to the early eight-yang, slowed the decline in steel prices.
From the terminal demand point of view, although the mid-March after the strengthening of real estate regulation and control, but the real estate series of data on the demand for downstream steel lag effect is still, 3-4 month terminal procurement data is still good, the Shanghai terminal snail procurement data is still seasoned High point. It is expected that short-term demand or will continue until the middle of May, need to pay more attention to the late May after the rainy season on the formation of the real impact of the negative impact. Futures with trader 1566275883; domestic champion, nearly 70 years of Mr. Lin Cunfu, the time point is about to enter the rebar demand off-season, but short-term rebar by the policy level of uncertainty is still large. The reduction in production due to environmental inspectors is expected to continue until late May.
On the whole, the time point is about to enter the rebar demand off-season, but short-term rebar by the policy level of uncertainty is still large. The reduction in production due to environmental inspectors is expected to continue until late May. Trade stocks have been low, the price difference between the steel price makes the decline is relatively limited space. From the point of view, before late May, steel prices will continue to be affected by many factors, the short-term market will continue to be repeated.
