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China Steel Prices Fall in June - CISA

Steel News - Published on Tue, 23 Jul 2019

Image Source: Wall Street Journal
Xinhua reported that China's steel prices continued to decline in June with more fluctuations. Steel price index issued by the China Iron and Steel Association stood at 109.45 points by the end of June, down 1.49% from the previous month and marking a 5.48% slip compared with the same period last year. Seven of the eight categories of steel products monitored by the association saw prices decline, with the only exception being iron whose price gained 0.5%.

CISA data showed that the price drop, withstanding a cost hike caused by more expensive raw materials like iron ore, was the result of stable demand balanced out by supply upticks. The price drop came as market demand for steel was on the rise amid expansion in infrastructure, property and manufacturing investment and other steel-using industries.

The price decline echoed the downhill trend of global steel prices seen in North America, Europe and Asia, according to the CISA.

The association expected more fluctuations with little sign of swift recovery for China's steel prices, considering the possibility that the mounting steel stockpile may continue to cancel out the effects of steady economic growth and increasingly rigorous environmental protection regulations.

Source :

Posted By : Ratan Singh on Tue, 23 Jul 2019
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