China's prices of construction steel items including rebar and wire rod stand a chance of bottoming out and then rebounding during July, China news predicts in a new report published on July 2. The imbalance between demand and production will likely ease and market sentiment may improve, it said.

Imported iron ore prices in China are likely to decline overall in July as growing supplies and shrinking demand will together result in weaker fundamentals for the steelmaking material, but the prices have potential for a temporary increase amid upbeat expectations early this month,predicts in its latest monthly report on the commodity. Last month, both iron ore supply and demand in China strengthened, the report points out. Global iron ore shipments were driven higher by seasonal factors, leading to more arrivals at China's ports. Meanwhile, domestic steelmakers also showed robust demand for iron ore as they continued to lift their hot metal

Today default base price for pipe raw materials Tianjin Huilai's default base price for pipe raw materials (thickness above 1.0MM, ordinary zinc layer) is 4020 yuan/ton

Today default base price for pipe raw materials Tianjin Huilai's default base price for pipe raw materials (thickness above 1.0MM, ordinary zinc layer) is 4020 yuan/ton

Today default base price for pipe raw materials Tianjin Huilai's default base price for pipe raw materials (thickness above 1.0MM, ordinary zinc layer) is 4030 yuan/ton

The result suggested that the country's steel sector weakened last month, CSLPC said, noting that both domestic steel demand and production declined, and that prices of raw materials and finished steel products had trended downward, even though mills' steel margins recovered moderately. In June, the sub-index of new steel orders

Today default base price for pipe raw materials Tianjin Huilai's default base price for pipe raw materials (thickness above 1.0MM, ordinary zinc layer) is 4000 yuan/ton

Today default base price for pipe raw materials Tianjin Huilai's default base price for pipe raw materials (thickness above 1.0MM, ordinary zinc layer) is 4020 yuan/ton

Today default base price for pipe raw materials Tianjin Huilai's default base price for pipe raw materials (thickness above 1.0MM, ordinary zinc layer) is 4010 yuan/ton

After mounting for three straight weeks, inventories of the five major carbon steel products held by the Chinese steel mills under Tianjin huilai regular survey declined during June 14-20, with the total volume thinning by 1.9% on week to land at 4.9 million tonnes. The five major steel products comprise rebar, wire rod, hot-rolled coil, cold-rolled coil (CRC) and medium plate. During the survey period, stocks of most steel products among the sampled steelmakers slipped by varying degrees except for an increase in the tonnage of CRC, the findings showed. Specifically, rebar inventories posted the sharpest