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Home China Focus China Steel Intelligence

CSI: A game of two halves

CSI: A game of two halves (July 7, 2021)

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1 July was both the first day of H2 and the 100th anniversary of the Communist Party of China. The political anniversary also marks an inflection point in chairman Xi Jinping’s economic policy, while H2 is bringing in more short term market changes.



In this issue we will look at what the big picture changes mean for policy in the second half, and how this could impact steel supply and demand.

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Rebar in Coil / Shanghai FOT CNY/t 1.0%
HRC / China FOB USD/t 1.0%
Rebar / N Europe Ex-Works EUR/t 1.0%
HDG / N Europe Ex-Works EUR/t 0.0%
HRC / China FOT Warehouse CNY/t 1.0%
Quasi-First Grade Coke / fot Rizhao Port CNY/t -1.0%
Low sulphur coking coal / ex-works Anze CNY/t -3.0%
HRC / N Europe Ex-Works EUR/t 0.0%
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HDG / China FOT CNY/t 0.0%
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