SteelHome Express: Quotation of Imported Iron Ore Drops in Tangshan on Monday
Quotation of imported iron ore on Tangshan market decreases by 5-10 yuan/t on Monday.
Then the prevailing quotation on the market: PB fines is 850-855 yuan/t; PB lump is 885-890 yuan/t; Jimblebar fines is 770-775 yuan/t; Super Special fines is 690-695 yuan/t; Brazilian IOCJ is 945-950 yuan/t.
Meanwhile, at Rizhao port, PB fines has been traded at 832 yuan/t and 60.4%-Fe Jimblebar fines at 760 yuan/t. At Lanshan port, PB fines has been traded at 830 yuan/t this morning.
According to SteelHome survey, the overall transactions are at a normal level and the main products transacted today are medium and low Fe grade iron ore. SteelHome considers that prices of iron ore may observe rangebound movements in the short run.
Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Jul 27
According to SteelHome survey, HRC prices generally decrease by 10 yuan/t in Shanghai market. The transactions were comparatively weak on last Friday and the transacting prices were lowered. Today, the procurement is sparse. Downstream and end users mainly hold wait-and-see attitudes towards the market development. Some traders mainly focus on selling to ease its pressure on fund and inventory. SteelHome predicts that HRC market prices will continue to decline amid fluctuation.
Related link: Market price of Shanghai HR Coil on Jul 27,20(new)
SteelHome Express: Quotation of Iron Ore Broadly Stable on Wednesday
Quotation of imported iron ore on Tangshan market remains broadly stable on Wednesday.
Then the prevailing quotation on the market: PB fines is 850-855 yuan/t; PB lump is 890-895 yuan/t; Jimblebar fines is 775-780 yuan/t; Super Special fines is 700-705 yuan/t; Brazilian IOCJ is 980-985 yuan/t.
Meanwhile, at Rizhao port, PB fines has been traded 835 yuan/t this morning.
According to SteelHome survey, the overall transactions are at a normal level on the spot market. And the prevailing products transacted today are medium and low Fe grade Australian fines. SteelHome considers that prices of iron ore may keep fluctuating in the short run.
Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Jul 15
According to China Customs, China steel export in June was 3.701 million tons, a decrease of 30.2 percent on year; steel import was 1.878 million tons, up 98.7 percent year on year. In January-June, accumulative steel export was 28.704 million tons, down 16.5 percent on year and steel import was 7.343 million tons, up 26.1% on year.
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Chinese Private Steel Enterprises Produced 197 Mt of Crude Steel
According to China Chamber of Commerce for Metallurgical Enterprises, Chinese private steel enterprises produced crude steel of 54.49 million tons in April, up 4.98 million tons or 12.8% from last month. Pig iron output in April totaled 43.85 million tons, up 5.69 million tons or 11.65% from last month. Finished steel products output amounted to 76.70 million tons, up 7.07 million tons or 10.15% from last month.
In the first four months, Chinese private steel enterprises produced crude steel of 197 million tons, pig iron of 164 million tons and finished steel products of 256 million tons.
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SteelHome: Seaborne Iron Ore Price Kept Dropping as Shipments from Overseas Miners to Increase
The average price of China domestic-produced iron ore concentrates at 14 main markets in China was 799 yuan/t on May 26, 2020, up 1 yuan/t from the previous trading day. It is expected that prices of China domestic-produced iron ore concentrates may stable in the near term.
Imported Iron Ore: the seaborne price kept dropping on Tuesday.
Overseas iron ore price from SteelHome: 61%-Fe PB fines was 94-95 dollars/t (CIF); 65%-Fe IOCJ was 111-112 dollars/t (CIF); 58%-Fe Yandi fines was 84-85 dollars/t (CIF), down around 2 dollars/t from the prior trading day.
At ports, the spot price for imported iron ore decreased by 10-15 yuan/t on Tuesday.
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SteelHome Express: Hangzhou Construction Steel Price Edges Down
According to SteelHome survey, construction steel market price decreases by 10 yuan/t in Hangzhou market. Yesterday, the transactions remained weak after market price dropped. Traders reflect that the construction steel inventory exceeds 1 million tons. With the fund pressure in May-end, traders still active in selling products. SteelHome predicts that construction steel will continue to slightly drop in Hangzhou market.
Link: Market price of Hangzhou Construction Steel on May 27,20(new)
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Iron Ore Transportation by Trucks Lead to Air Pollution in Goa Mining Area
Iron ore transportation has once again increased air pollution in Indias Goa mining area.
Goa State Pollution Control Board (GSPCB) air test data shows that air pollution in the area is mainly due to iron ore transportation activities, starting from March.
Member secretary of GSPCB Shamila Monteiro said the board has written to the directorate of mines and geology (DMG) to reduce the number of ore transportation trips by trucks in areas where it has noticed air pollution.
Reinforcing Bars Output in March 2020 Down 2.9% YoY
According to National Bureau of Statistics, reinforcing bars output totaled 19.015 million tons in March 2020, down 2.9% year on year. Reinforcing bars output during January-March, 2020 totaled 53.028 million tons, a decrease of 1.9% year on year. In March, wire rod output attained 11.520 million tons, down 5.5% year on year and accumulative output in the first three months totaled 33.451 tons, a year-on-year decrease of 3.3%.
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CISA: Daily Average Crude Steel Output of Member Steelmakers in March 11-20, 2020
CISA Members
During March 11-20, 2020, CISA member steel manufacturers produced 18.3661 million tons of crude steel, 17.0777 million tons of pig iron, 17.5848 million tons of steel products and 3.1921 million tons of coke.
Daily output of crude steel at CISA member steel manufacturers was 1.8366 million tons, up 1.55% from the daily output during March 1-10, 2020; daily output of pig iron was 1.7078 million tons, up 0.74% from the daily output during March 1-10, 2020; daily output of steel products was 1.7585 million tons, up 4.88% from the daily output during March 1-10, 2020.
The diameter of such pipes can range from a tiny 5 mm to a giant 2,000 mm with insulation thicknesses of up to 250 mm for long-distance heating pipes in the low temperature range. Its most important function here is to keep the heat exchange with the environment to a minimum. The core, which lies between the inner steel pipe carrying the medium and a concentrically arranged protective tube or jacket, offers maximum heat insulation from a minimum wall thickness.
Advantages:
Broad range of application
Outstanding insulating capacity
Good mechanical resistance
High heat stability when subjected to extremely high temperatures
Low water absorption
Energy saving in the transport of hot and cold media
Raw material is mainly from some famous refinery steel mills, such as BAO STEEL, Tianjin, and Chengdu etc, which are the best and largest raw material manufacturers in China. we have been through ISO9001:2000 international quality system certification. Warranty period for our honed tubes and chrome bars is 2 years. For some special or important customers, the period is 5 years.
2. We own 35 sets honing machines producing tube ID from 38.1mm to 1000mm, at max length of 18m.
3. We own 18 sets of equipment for piston rod in completely production, producing OD from 12mm to 500mm, at max length of 16m.
Plate according to customers different requirements such as Chrome, Nickel, and Ceramic. Thickness is from 10m to 100m.
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Honed tube (Roughness of tube is 0.2m and straightness is less than 0.15/1000), piston rod (Plating thickness is 10-100 micron. Surface roughness is 0.2m and straightness is also less than 0.15/1000)
5. Product details are completely according to International Standard, chrome rod and honed tube must be cut flatly, and no chrome marks on the surface of rod. (Most of domestic mills dont do this in order to reduce cost)
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7. Package: our packages are safer than others supplier in China. Packing for rod normally we choose is cardboard that film attached inside, which does not only prevent rods from scratch but also from oil rusting. Tubes are made with caps at both end and painted oil on inside and outside surface. For full container, extra package like parcel at outside will be used.
8. Each product will do full test (include chemical, mechanical, tolerance, roughness, chrome plate thickness, hardness, salt spray, etc). All the test report will be kept 5 years. We will make the Mill test certificate to customer if they need.
This product twist system closely even, galvanized layer of bright and clean and firm, strong corrosion resistance, the hot dip galvanizing vertical process, to ensure that the zinc layer thickness. The product, as the core framework material of power cables and with its advantages of corrosion resistance, high strength, excellent property of expansion and high performance cost ratio and so on, directly serves the construction, transformation and updating of power supply and grid. Also, the product is widely used for fastening hanging bracket, bridge, suspension, communication wires, overhead power line, cable steel core and fixed object and so on.
Galvanized steel wire: the product has excellent mechanical property, covered by deep zinc layer, with smooth, clean and firm surface and heavy coil weight, as well as it has accurate sizing. The product is used as the steel core wire in the cable of electric power circult.
