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CSPI China Steel Price Index Weekly Report

In the week of November 13th to November 17th, the domestic steel price index continued to rise, with both long product and plate price indexes rising. Since the end of October, steel prices have risen for three consecutive weeks.
That week, the China Steel Price Index (CSPI) was 111.58 points, a week-on-week increase of 1.79 points, or 1.63%; an increase of 4.08 points, or 3.80%, from the end of last month; a decrease of 1.67 points, or 1.47%, from the end of last year; year-on-year An increase of 2.86 points, or 2.63%. Among them, the long product price index was 115.19 points, a week-on-week increase of 2.16 points, an increase of 1.91%; an increase of 5.33 points from the end of last month, an increase of 4.85%; a decrease of 3.48 points, a decrease of 2.93% from the end of last year; a year-on-year increase of 0.85 points, an increase is 0.74%. The plate price index was 110.09 points, up 1.63 points or 1.50% week-on-week; up 3.52 points or 3.30% from the end of last month; down 2.82 points or 2.50% from the end of last year; up 1.88 points year-on-year or 1.74 %.
In terms of regions, the CSPI steel price index in the six major regions across the country all increased week-on-week. The regions with the largest increases were East China and Central and South China, and the regions with the smallest increases were North China. Among them, the steel price index in North China was 110.46 points, a week-on-week increase of 1.56 points, an increase of 1.43%; an increase of 3.76 points, or an increase of 3.52%, from the end of last month. The steel price index in Northeast China was 109.11 points, a week-on-week increase of 1.59 points, an increase of 1.47%; an increase of 3.78 points, or an increase of 3.59%, from the end of last month. The steel price index in East China was 113.18 points, a week-on-week increase of 1.97 points, an increase of 1.78%; an increase of 4.61 points, or an increase of 4.25%, from the end of last month. The steel price index in Central and South China was 113.85 points, a week-on-week increase of 2.00 points, an increase of 1.78%; an increase of 4.30 points, or an increase of 3.93%, from the end of last month. The steel price index in Southwest China was 111.20 points, an increase of 1.73 points or 1.58% week-on-week; an increase of 3.93 points or 3.66% from the end of last month. The steel price index in the northwest region was 112.75 points, a week-on-week increase of 1.68 points, an increase of 1.51%; an increase of 3.66 points, or an increase of 3.36%, from the end of last month.
In terms of varieties, among the eight major steel varieties, except for hot-rolled seamless pipes, the prices of other varieties have increased compared with the end of last month. The variety with the largest increase is rebar, and the variety with the smallest increase is galvanized sheet. Among them, the price index of high wire with a diameter of 6 mm was 119.84 points, an increase of 5.23% from the end of last month; the price index of rebar with a diameter of 16 mm was 111.51 points, an increase of 5.56% from the end of last month; the price index of 5# angle steel was 115.34 points, an increase of 5.23% from the end of last month. increased by 3.76%; the price index of 20 mm medium and thick plates was 111.65 points, an increase of 4.02% from the end of last month; the price index of 3 mm hot-rolled coils was 106.48 points, an increase of 4.41% from the end of last month; the price index of 1 mm cold-rolled sheets was 102.05 points, an increase of 1.65% from the end of last month; the price index of 1 mm galvanized sheet was 104.91 points, an increase of 1.44% from the end of last month; the price index of hot-rolled seamless pipes with a diameter of 219 mm × 10 mm was 95.60 points, a decrease of 0.26% from the end of last month. .
From the cost side, data from the General Administration of Customs show that in October, the average price of imported iron ore was US$112.93/ton, an increase of US$20.86/ton from the end of last year, an increase of 22.66%; and an increase of US$6.18/ton from the average price in September. , up 5.79%; higher than the same period last year by US$16.12/ton, up 16.65%. That week, the price of iron concentrate powder in the domestic market was 1,048 yuan/ton, up 44 yuan/ton or 4.38% from the end of last month; up 126 yuan/ton or 13.67% from the end of last year; up 223 yuan/ton year-on-year. The increase was 27.03%. The price of coking coal (grade 10) is 2,318 yuan/ton, an increase of 55 yuan/ton from the end of last month, or 2.43%; a decrease of 320 yuan/ton, or 12.13% from the end of last year; a year-on-year decrease of 20 yuan/ton, or 2.43%. 0.86%. The price of coke was 2,154 yuan/ton, a decrease of 100 yuan/ton or 4.44% from the end of last month; a decrease of 601 yuan/ton or 21.81% from the end of last year; a year-on-year decrease of 210 yuan/ton or 8.88%. The scrap steel price is 2888 yuan/ton, an increase of 62 yuan/ton from the end of last month, or 2.19%; a decrease of 254 yuan/ton, or 8.08% from the end of last year; a year-on-year decrease of 110 yuan/ton, or 3.67%.
From the perspective of the international market, in October, the CRU International Steel Price Index was 195.5 points, a month-on-month decrease of 2.3 points, a decrease of 1.2%, and a month-on-month decrease for 6 consecutive months; a decrease of 9.7 points, or a decrease of 4.7%, from the end of last year; a year-on-year decrease of 27.6 points, a decrease of 12.4%. Among them, the CRU long product price index was 208.8 points, an increase of 1.5 points or 0.7% month-on-month; a year-on-year decrease of 43.6 points or 17.3%. The CRU plate price index was 189.0 points, a month-on-month decrease of 4.1 points, a decrease of 2.1%; a year-on-year decrease of 19.5 points, a decrease of 9.4%. In terms of regions, in October, the steel price index in North America was 211.3 points, down 1.9 points or 0.9% month-on-month; the steel price index in Europe was 214.5 points, down 3.5 points month-on-month or 1.6%; the steel price index in Asia was 214.5 points, down 3.5 points month-on-month or 1.6%. 175.8 points, a month-on-month decrease of 1.7 points or 1.0%.
That week, a series of favorable macroeconomic policies from the country continued to be implemented. The prices of iron ore, coking coal, and coke on the raw and fuel side continued to provide support, and the prices of major steel products continued to rise. At present, the market generally has good expectations for steel prices, and the supporting role of costs will continue. It is expected that steel prices will be strong and volatile in the short term. As the traditional demand off-season has entered, market participants should pay close attention to whether steel demand will materialize and be wary of the risk of steel price corrections.

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