WEEKLY SUMMARY: China steel raw material prices apart

Post time: 2020-07-28

Prices of core steelmaking raw materials such as iron ore and coke in China diverged over August 10-14, with spot iron ore prices climbing up further on the backup of the robust demand from the Chinese steel mills and supply tightness of certain brands and forms especially at the ports, while coke prices were still relatively weak.
The blast furnace capacity utilization rate among China’s 247 steel mills under Mysteel’s survey inched up for the fourth week over August 7-13, hitting 95.16%, or a new high since the update of the survey samples in January 2019. Iron ore: Mysteel’s SEADEX 62% Fe Australian Fines climbed to $122/dmt