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| Would rebar price continue to surge in China - 09 Sep, 2010 | |||||||||||||||||||||||
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It is an undeniable fact that rebar price surged since this week opening in China only to retract a bit on day 3. However, some think that is only the result of capital speculation and cannot last long. Optimistic market players however think that rebar prices will continue to rise in the balance months of 20201 due to following reasons. 1. Reduced production volumes Electricity restriction policy will undoubtedly be the primary reason. To start with, the policy will have a deep influence on the supply of steel products. Judging from recent statistics, many steel mills have to cut or reduce production for the sake of the policy. Thus the total production volume decreases. Even if production will resumed after the electricity restriction policy is cancelled, the increased of production will be within a certain limit rather than increasing crazily like the first half of year. 2. Higher costs Besides, the electricity restriction policy also influences production cost. One rule of the policy is to apply penalty electricity rate on high energy consuming enterprises such as steel enterprises. Therefore, not only the cost of electricity, but also the cost of iron ore and coal will increase and push up the production cost to certain extent. www.steelprices-china.com is a comprehensive service for tracking real time domestic steel prices and trends in China on daily basis. The scope of service includes 1. Domestic pricing information in China 2. Export levels from Turkey, Rotterdam, China, India and Black Sea The service is specifically designed to assist steel makers, traders, users and others connected with the industry to keep track of real time prices prevailing in the market and thus comprehensively evaluate steel pricing trends in the trend setting region Methodology and access 1. Benchmark products in each category with fixed commonly used sizes and grades 2. Average transaction levels which have settled well, based on continuous interactions with domestic mills and traders 4. On fixed market oriented payment terms 5. Daily updates 6. Data available since July 2008 5. Access through web site Products covered 1. Input materials and semis 2. Long Products 3. Flat Products 5. FOB levels for export FOB Black Sea, China, Turkey and India Other features The prices are displayed on weekly and monthly basis. They also have search facilities to access old data from the archives. Graphical representation of trends and comparison of price movement 2 or more products is also available. In addition, you can monitor currency exchange rates, metal prices, BDI for the day as well as access their archives for past data. Other features include converters for weight, length etc, glossary and advanced search functions. The benchmark product price information is supplemented by global pricing news. Subscription charges for 12 months period
How to subscribe 1. Register at www.steelprices-china.com and pay on line or ask for invoice 2. Send mail to admin@steelprices-china.com. (Sourced from www.steelprices-china.com) | |||||||||||||||||||||||
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