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| Monthly report on Chinese rebar market for May 2009 - 02 Jul, 2009 | ||
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China construction steel market rallied in May due to higher ex works price, abundant credit loans and erupted demand. In China, fix asset investment and spending on real estate industry and new infrastructure projects are rising rapidly, which bolster steel demand. Given construction steel price is significantly higher than HRB and medium plate, steel mills get great fever in producing construction steel. We expect China construction steel market will maintain upward trend in June but it would go up unsteadily. I Analysis on China construction steel market in May I.1 Production grew fast while exports dampened I.2 Fix asset investment and property industry investment increase rapidly, which calling for great demand for steel I.3 Market inventory continue to drop I.4 Steel mills raise ex-works price, which to some extent push up steel price in spot market II China construction steel market in June II.1 Construction steel production maintains high growth II.2 China will continue to implement concrete measures to wash out backward capacities, stimulate economy and boost demand II.3 Real estate industry, as major consumer of construction steel, show some signs of recovery recently II.4 Ample cash liquidity II.5 Raw material price continue rising, which pose great pressure on the operation of steel mills Table 1: Spot Price of China wire rod/rebar in May Table 2: Ex-works price of construction steel Graph 1: Q235 6.5mm wire rod price trend in May, 2009 (CNY per tonne) Graph 2: HRB335 20mm rebar price trend in May 2009 Graph 3: Construction steel monthly output and growth in 2008-2009 Graph 4: Accumulative output and growth of Construction steel in 2008-2009 Graph 5: Daily output of construction steel in 2008-2009 Graph 6: China construction steel import in 2008-2009 Graph 7: China construction steel export n 2008-2009 Graph 8: China billet/slab impor/expo in 2008-2009 Graph 9: Monthly apparent consumption of construction steel in 2008-2009 Graph 10: Accumulative apparent consumption of construction steel in 2008-2009 Graph 11: China Township FAI in 2008-2009 Graph 12: Real estate industry investment in 2008-2009 Graph 13: China construction steel inventory in 2008-2009 Graph 14: China money supply in 2008-2009 Price: USD 500 How to order: Ordering the report is simple. You can order your copy to reports@steelguru.com, which will send you an invoice of the report. | ||
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