INDUSTRY NEWS

Average price of rebar increased by 79 yuan/tonne month-on-month

2019-09-10

Average price of rebar increased by 79 yuan/tonne month-on-month

  China Iron and Steel Association

  Total output down 886,000 tonnes month-on-month From August 26 to September 1, the total output of 31 steel mills in 14 provinces of the country was 200.03 million tons, with a daily output of 285.8 million tons, and the total output decreased by 886,000 tons, or 4.24 percent, month-on-month. A total of 10 key enterprises increased in output month-on-month. Among them, the increase of less than 10% of the six, a decline of 10% to 20% of the 1, a decrease of more than 20% of the three. A total of 19 key enterprises fell month-on-month.

  Of these, there were 11 companies with a decline of less than 10%, and 2 of them with a decrease of 10% to 20%, and 6 with a decrease of more than 20%.

  Inventory down 222,300 tonnes month-on-month From September 2 to September 6, the social inventory of rebar was 5.8725 million tons, down 2223 million tons, or 3.65 percent, month-on-month.

  The 12 cities monitored by the focus of inventory rise and fall is not the same, of which Tianjin, Beijing, a larger decline.

  Price up 2.15% month-on-month From September 2 to September 6, the national average price of rebar was 3,745 yuan/tonne, up 79 yuan/tonne month-on-month, an increase of 2.15 percent. The prices of the 12 cities monitored by the focus all rose, including Jinan, Wuhan and other cities increased significantly.


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