Cookie & Privacy Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. View the privacy policy to find out more here.
Latest prices

Latest news

Home Reports Steel Intelligence China

Two Sessions leave markets cold

Two Sessions leave markets cold (March 6, 2025)

Sample files

China is holding its annual top policy-making meeting, the Two Sessions. All eyes are on it, especially for the steel industry, which is struggling to recover after the Chinese New Year. Expectations for growth targets and funding have been running high. So far, there are no surprises, but markets have reacted negatively to the increase in financing announced in the government work report.

Steel markets cautious post-holiday
The meetings come as China’s domestic steel market takes a cautious approach to the post-Chinese New Year recovery. 

At the turn of the year, China's crude steel production maintained its previous trend for the third month in a row.

» Log-in or subscribe to read the full report.

Latest prices

+/-
HMS 1/2 Scrap (80:20) / US East Coast FOB USD/t -1.0%
HDG / Italy Ex-Works EUR/t 1.0%
Rebar / Italy Ex-Works EUR/t 1.0%
Rebar / Turkey FOB USD/t 0.0%
KORE 62% Fe / Qingdao CFR USD/t 0.63%
Heavy Scrap / China / CNY/t 0.0%
HMS 1&2 80:20 / Turkey CFR USD/t -0.0%
Rebar Import / Kuwait / CPT KWD/t 0.0%
More Ferrous prices

More Global Prices

+/-
Rebar Domestic / Kuwait / Ex-Works / KWD/t 0.0%
KORE 65% Fe / Qingdao CFR USD/t 0.56%
HMS 1 Scrap / US Midwest Delivered Basis USD/t 0.0%
KORE 58% Fe / Qingdao CFR USD/t 0.5%
Billet / Italy Ex-Works EUR/t 0.0%
Shredded Scrap / Turkey / CFR USD/t -0.0%
HMS 80:20 Scrap / Benelux / delivered dock, EUR/t 1.6%
Billet / Tangshan Ex-Works CNY/t 1.0%
HMS 1/2 Scrap (80:20) / Rotterdam FOB USD/t 0.0%
HRC / Italy Ex-Works EUR/t 1.0%
Rebar Import / Bahrain / CPT / BHD/t 0.0%
Rebar Local / Bahrain / CPT / BHD/t 0.0%
More Ferrous prices