Weekly Review of Bearing Steel Market in China ( Feb.23rd to Mar.2nd 2018)

Weekly Review of Bearing Steel Market in China ( Feb.23rd to  Mar.2nd 2018)

I.Macro News

China Market News

The walking excavator has won over 100 million yuan.

As a leading enterprise of national engineering machinery, Xugong continued to increase the research on walking compound multifunctional disaster rescue equipment. From 2010 ET110 steps excavator in BMW exhibition industry hit and won the second prize of national science and technology progress, to undertake the national 863 plan "walking complex multi-functional disaster rescue equipment" passed the technical acceptance, Xugong continues to increase research and development investment, after nearly 10 years of accumulation and quenching, ET110, ET111, ET80 and a number of world-class walking hydraulic excavator put into use, and harvested more than 30 of the invention patents.

Li Hui: Focus on the supply side towards a new era of high-quality development

The 19th CPC National Congress report states: "We must make efforts to solve the problem of inadequate development imbalance and vigorously enhance the quality and efficiency of development on the basis of continuing to promote development." In 2018, it is the first year to implement the spirit of the 19th CPC National Congress. Xinhua net "Nineteen Spirit into Enterprise" report group walked into the Guangzhou Automobile Toyota Motor Co., Ltd., executive vice president Li Hui accepted an exclusive interview with Xinhua net.

International News

Mr Trump's decision to impose steep tariffs on steel and aluminium has intensified the trade war.

(Reuters) President Trump announced on Thursday that it would impose high double-tariff duties on imported steel and aluminum in order to protect U.S. manufacturers. The move will result in trade retaliation from trading partners such as China, Europe and Canada and could lead to a Wall Street slump. Trump said next week it will formally declare a 25% tariff on steel and a 10% tariff on aluminum。Shortly afterward, the White House spokesman said there are still some details to explore.

Mr Trump has announced a heavy tax on imported steel and aluminum

Comprehensive media reports, the U.S. President Trump on the 1st announced that the United States plans to impose a full 25% tariff on imported steel, and a full 10% tax on imported aluminum. It is scheduled to sign a formal order next week, and the United States Dow Jones Industrial The index plate set off more than 300 points.

II.Raw material and ferroalloy market

The price of Raw material and ferroalloy market

This week, among the five categories of raw materials, the prices of  imported ore, scrap steel, domestic ore and coke rose, pig iron decreased.

The main silica,ferrovanadium,tungsten iron,ferromolybdenum and high-manganese rose, high chromium remained flat, electrolytic nickel decreased.

2.1 Price of five raw materials(unit: RMB yuan/ton )

Form 1: Price Comparison of Five Raw Materials by Week and by Month

Remark: the data of imported ore come from 63% of Indian ore in Tianjin ports; the data of domestic ore is from 66% of Hebei iron power; the data of pig iron is from the average price including tax of pig iron for steel making ;The data of scrap steel is from the average price including tax of of scrap steel of 6-8mm thick; the data of coke from the ex-factory price (including tax) of the secondary metallurgical coke of Tangshan. 

2.2 Prices of Ferroalloy (unit: RMB yuan/ton )

Form 2: Price Comparison of Ferroalloy by Week and by Month

III.Price Index Trend of China Special Steel

1. Up to 2nd February , the price index of special steel reached to 130, 2.05% up over last week and up 3.15% over last month.

2. Synthetic index of carbon steel and gear steel ,spring steel and bearing steel keep increasing, die steel remain flat.

3. According to the trend of price index, the price of special steel will weak next week.

Remark:

1. Mysteel-sspic（Mysteel-Special Steel Price Index of china is a set of price index of special steel launched by Mysteel.com representing the consumption and operation of special steel market.

2. The seven categories of steel adapted by Synthetic index are based on 45 # (Φ 20) carbon structural steel, alloy structural steel 40 Cr (Φ 20), 20 CrMnTi gear steel, spring steel 60 Si2Mn (Φ 50), bearing steel GCr15 (Φ 50), 4 cr5mosiv1 alloy tool steel (H13), stainless steel 0 Cr18Ni9 (304/2B 2. 0 mm plate).

3.The price come from the major consuming market of superior special steel, including Shanghai, Hangzhou, Changsha, Wuhan, Chongqing, Wuxi, Changzhou, Chengdu, Xi’an, Shenyang etc.

4.The index herein means weighted index , with the weight of each category made on the basis of its percentage of the total consumption of special steel over one year. The price adapted is the one of of major inventory markets by week.

5.The base date of the index is January 1, 2007 , with its value at 100 points.

6.According to the weight of latest categories in 2010, data in each day will have a deviation of 2-3 point. To ensure the continuity of the data, the index is not adjusted and the index based on the new weight is only for tracking prices.

IV. Ex-factory Price Tracking of Superior Special Steel Manufacturers

This week, we tracked 83 superior special steel manufacturers, of which 18 mills released ex-factory pricing information, 16 mills increased their ex-factory prices and 2 mills remained flat. The ex-factory adjustment of price only involved products such as a few bars and optimal wire rods, with the increasing of 80-230yuan/ton.

V. Price of Superior Special Steel

1.Price Tracking of Structural Steel Bar in a Week(unit: RMB yuan/ ton)

2.  Price Tracking of Superior Wire Rod in a Week(unit: RMB yuan/ ton)

3.  Price Tracking of Superior Plate and Strip in a Week(unit: RMB yuan/ ton)

4.  Price Tracking of Other Special Steel in a Week(unit: RMB yuan/ ton)