Iron ore prices fell 2.3%. Spot iron ore 62% Fe dropped to 87 USD / ton. The output of BHP Group iron ore in Q3 / 2020 increased by 6.3%.
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Data from the China Iron and Steel Association (CISA), the iron ore index (CIOPI) of the country reached 314.45 points on April 20, 2020, up 0.67% or 2.09 points compared to only the previous number on April 17, 2020.
Among them, the price index of iron ore in the domestic market reached 311.75 points, up 0.26%, equivalent to 0.82 points compared to the previous price index, the price index of imported iron ore reached 314.96 points. , increased by 0.75%, equivalent to 2.33 points compared to the previous index.
Iron ore prices in China on April 21, 2020 fell, retreating from a high of more than 8.5 months in the previous session, due to concerns about oversupply of steel production materials as corona virus affects external demand. China.
BHP Group BHP.AXBHPB.L maintained its forecast for iron ore production in the third quarter of 2020 to increase 6.3% compared to the third quarter of 2019 to 273-286 million tons, despite the expected global steel output except for China. Quoc plummeted.
The price of iron ore in September 2020 on Dalian floor dropped 2.3% to 605 CNY (85.4 USD) / ton, during the session iron ore price sometimes fell 1.9% to 608 CNY / ton.
Spot iron ore 62% Fe dropped to 87 USD / ton.
Prices of other steelmaking materials also dropped, with the price of coking coal on the Dalian floor falling 1.2% to 1,119 CNY / ton, the price of coking coal decreased 2.3% to 1,673 CNY / ton.
On Shanghai bourse, price of rebar in October2020 decreased by 1.76% to 3,324 CNY / ton. HR coil price drops 1.6% to 3,180 CNY / ton, stainless steel term price in June 2020 decreases by 0.5% to 13,140 CNY / ton.
Traders desperately sought to steer clear of oil, when oil prices fell for the first time to a negative level due to the corona virus pandemic, resulting in a decline in fuel demand and depleted US oil depots.
Reinforced bars : The National Statistics Office of China (NBS) said that in March 2020, the country produced 1.9 million tons of rebar, down 2.9% compared to March 2019. Rolled steel output reached 12 million tons, down 5.5% compared to March 2019. Iron ore output reached 75 million tons, up 9.1% compared to March 2019.
In the first 3 months of 2020, China produced 53 million tons of rebar, 33 million tons of rolled steel and 188 million tons of iron ore, down 1.9%; 3.3% and 0.1% over the same period last year, respectively.
Statistics from the US Department of Commerce (DOC), in February 2020 the country exported 17,000 tons of rebar, up 50.3% compared to January 2020 and 81.1% compared to February 2019. Export turnover reached US $ 11 million, compared to US $ 7.8 million in January 2020 and US $ 7 million in February 2019.
Among them, the US exported 14,000 tons to Canada, compared with 9 tons in January 2020 and 5,000 tons in February 2019. Other major export markets include Dominica with 1,500 tons and Bahamas with 1,100 tons.
Steel trade: E-Sheng Steel Co., one of the commercial steel producers in Taiwan (China) said it will keep commodity steel prices unchanged this week.
Accordingly, the price of small size steel bar SS400 is at 18,400-19,400 NTD / ton, A36 series steel bar at 18,400 NTD / ton, A36 and SS400 flat bar unchanged at 18,400-20,300 NTD / ton, ore A36 Department at 17,200-18,200 NTD / ton. The support price of flat bar A36 is at NTD 17,900 / ton. The above product categories may be supplied in different categories.
Crude steel: Statistics from American Iron and Steel Institute (AISI), in the week ending on 18/4/2020, the country’s crude steel output reached 1.28 million tons, an increase of 1.7% compared to the previous week. while down 32.5% s with the same period last year. The utilization rate reached 57%, an increase of 0.9% compared to the previous week but decreased by 24.3% over the same period last year.
As of the week ending on 18/4/2020, US crude steel production reached 27.6 million tons, down 6.6% compared to the same period last year. Capacity utilization reached 76.6%, down 4.9% over the same period last year.
Steel scrap: Statistics from Vietnam Customs, total scrap imports in the first quarter of 2020 reached 1.4 million tons, a slight increase of 0.5% compared to the previous quarter.
Among them, the main market is Japan, reaching 805,100 tons, up 17% compared to the fourth quarter of 2019, followed by the US with 190,000 tons and Hong Kong with 95,800 tons.
However, the market is expected to decline in the second quarter of 2020 due to the impact of the global Covid-19 pandemic.
Steel coil: Official statistics from the Government of Taiwan (China), total export of Taiwanese steel coil in March 2020 reached 14,300 tons, up 22% compared to February 2020 and export turnover reached 278 million. NTD.
Among them, the main export market is Vietnam with 3,200 tons, followed by Thailand and China (mainland) with 3,000 tons and 2,900 tons, respectively.
Taiwan’s coil imports in March 2020 reached 36,500 tons, an increase of nearly 13% compared to February 2020 and import turnover reached 607 million NTD.
Among them, the main import market is South Korea reached 9,600 tons, the United Kingdom and Russia reached 9,200 tons and 8,200 tons respectively.
Stainless steel: The total import of Taiwan stainless steel (China) in March 2020 reached 116,000 tons, an increase of 31% compared to February 2020 and import turnover reached 209 million NTD.
Among them, the main import market is China (mainland) with 66,000 tons and Indonesia with 31,000 tons.
In the first quarter of 2020, Taiwan’s total stainless steel imports reached 272,000 tons, an increase of 1.4% compared to the first quarter of 2019.