Haihao Group shares with you the CSPI China steel price index weekly report
As experts in the field of pipeline systems, Haihao Group is committed to providing high-quality pipeline system products, including various steel pipes, flanges, elbows, tees, olets, and other fittings used in pipeline systems. We pay close attention to fluctuations in steel prices and promptly share the latest information with our customers to ensure informed decision-making.
ASTM A860 and A105N steel plates
In the week from January 29th to February 2nd, the domestic steel price index showed a shift from increase to decrease, with both the long steel price index and the flat steel price index experiencing declines.
During this period, the China Steel Price Index (CSPI) was 112.38 points, with a week-on-week decrease of 0.29 points, representing a decrease of 0.26%. Compared to the end of last year, it decreased by 0.52 points, or 0.46%. Year-on-year, it decreased by 4.48 points, or 3.83%. Specifically, the long steel price index was 115.23 points, showing a week-on-week decrease of 0.27 points, or 0.24%. Compared to the end of last year, it decreased by 0.88 points, or 0.76%. Year-on-year, it decreased by 8.36 points, or 6.76%. The flat steel price index was 111.38 points, with a week-on-week decrease of 0.35 points, or 0.31%. Compared to the end of last year, it decreased by 0.42 points, or 0.38%. Year-on-year, it decreased by 4.16 points, or 3.60%.
ASME B36.10M A53 GR steel pipes delivery
Looking at specific categories, compared to the end of last month (the week of January 26th), except for cold-rolled thin plates, prices of the seven major steel varieties have increased. The largest increase was observed in medium plate prices, while the smallest increase was in wire rod prices. For instance, the price of 1mm cold-rolled thin plate was 4785 yuan/ton, down by 2 yuan/ton from the end of last month, a decrease of 0.04%. The price of 6mm wire rod was 4168 yuan/ton, up by 6 yuan/ton from the end of last month, an increase of 0.14%. The price of 16mm rebar was 3889 yuan/ton, up by 7 yuan/ton from the end of last month, an increase of 0.18%. The price of 5# angle steel was 4106 yuan/ton, up by 9 yuan/ton from the end of last month, an increase of 0.22%. The price of 20mm medium plate was 4117 yuan/ton, up by 25 yuan/ton from the end of last month, an increase of 0.61%. The price of 3mm hot-rolled coil was 4171 yuan/ton, up by 13 yuan/ton from the end of last month, an increase of 0.31%. The price of 1mm galvanized sheet was 5144 yuan/ton, up by 8 yuan/ton from the end of last month, an increase of 0.16%. The price of diameter 219mm × 10mm hot-rolled seamless pipe was 4838 yuan/ton, up by 9 yuan/ton from the end of last month, an increase of 0.19%.
Internationally, in January 2024, the CRU International Steel Price Index was 227.9 points, up by 9.2 points from the previous month, an increase of 4.2%. Compared to the end of last year, it increased by 9.2 points, or 4.2%. Year-on-year, it increased by 11.9 points, or 5.5%. The CRU long steel price index was 218.8 points, up by 5.0 points from the previous month, an increase of 2.3%. Year-on-year, it decreased by 21.1 points, or 8.8%. The CRU flat steel price index was 232.2 points, up by 11.1 points from the previous month, an increase of 5.0%. Year-on-year, it increased by 28.1 points, or 13.8%. By region, in January 2024, the price index was 289.6 points in North America, up by 19.3 points from the previous month, an increase of 7.1%. In Europe, it was 236.6 points, up by 7.7 points from the previous month, an increase of 3.4%. In Asia, it was 186.9 points, up by 4.2 points from the previous month, an increase of 2.3%.
At Haihao Group, we are dedicated to providing timely updates and insights into the steel market to empower our customers with the knowledge needed to make informed decisions. Should you have any questions or require further information, please do not hesitate to contact us.