Chinese domestic steel prices have surged by 6% on an average since the beginning of June 2009. The increase in flat products has been more pronounced as compared to log products but is spread across all products and locations in China. Except for plates the increase in other categories is about USD 50 per tonne.
| Product | 31-May | 24-Jun | Change | % |
| CLPPI | 5632 | 5956 | 324 | 6% |
| CFPPI | 5542 | 5923 | 381 | 7% |
| CHISPI | 5581 | 5937 | 356 | 6% |
CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index
Long Products
| Item | 31-May | 24-Jun | Change | % |
| PI - WRC | 4948 | 5243 | 295 | 6% |
| PI - Rebar | 6460 | 6819 | 358 | 6% |
PI- Product index
Flat Products
| Item | 31-May | 24-Jun | Change | % |
| PI - Plates | 4826 | 5096 | 270 | 6% |
| PI - HR | 5632 | 6004 | 372 | 7% |
| PI - CRC | 5837 | 6316 | 479 | 8% |
| PI - HDG | 5597 | 6039 | 442 | 8% |
PI- Product index
The price change since the beginning of June 2008 for various products at Shanghai reflects that plate has been the worst performer and wire rods & HDG the best.
Long Products
| Item | Size | In CNY | In USD | % |
| WRC | 6.5 | 350 | 51 | 10% |
| Rebar | 20 | 280 | 41 | 8% |
Change is in per tonne
Exclusive of VAT
Change is on Jun 24th 2009 as compared to May 31st 2009
Flat Products
| Item | Size | In CNY | In USD | % |
| Plates | 20 | 100 | 15 | 3% |
| HR | 5 | 240 | 35 | 7% |
| CRC | 1.0 | 320 | 47 | 7% |
| HDG | 1.0 | 390 | 57 | 9% |
Change is in per tonne
Exclusive of VAT
Change is on Jun 24th 2009 as compared to May 25th 2009
As the health of global steel industry hinges on China, which during January to May 2009 has accounted for more than 48% of the global share of crude steel production and consumption, the price surge is bound to give serious hope of revival to steel makers across the world.
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(Sourced fromwww.steelprices-china.com)
