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China Steel Review


Every month, the report commences with MEPS comment on key topics of interest relevant to recent developments in the Chinese steel sector and their implications for the wider global industry and its markets.

Most of the steel used in the manufacture of components in South East Asia is of Chinese origin. Monthly FOB and CFR prices for the main regions are included in each report to help the component buyers assess changes to input steel costs which may be affecting their suppliers.

Each issue carries local dealer prices for a range of carbon steel products. Six month forecasts are also incorporated which highlights how these may influence steel export prices in the future. Comparisons with average prices in all major regions are supplied. These are used to improve purchasing decisions.

Western mills are often required to compete with Chinese imports into their domestic markets. This will be particularly pertinent in 2014 when China’s mills are expected to sell record high volumes of steel to international customers. Charts indicating the degree of the threat/opportunity for Chinese steel exports to the three main receiving regions are prepared for each issue.

Chinese steel mills will produce almost 50 percent of global output, this year, and consume the majority of seaborne iron ore and coking coal. China’s latest officially reported iron and raw steel production is detailed monthly. Included in each report are MEPS comments on trends in China’s steel output and raw material costs and the implications for international steel suppliers and consumers. Detailed calculations of finished steel production in China is also supplied. This enabled MEPS to discover that official steelmaking statistics had been under-reported for several years and continues today.

Finally, we provide a section highlighting the main features of the industry and market scene.


NEW CHINA STEEL REVIEW is a report specifically designed to provide international steel and industrial organisations with researched information about the threats and opportunities created by new developments in the Chinese steel sector. It presents a realistic and carefully considered analysis and evaluation of the significance of the changes in China’s monthly/quarterly statistical data and their impact on the global steel scene.


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