According to the data released by the China Iron and Steel Association (CISA), as of the end of June this year (June 30) the composite steel price index (CSPI) for the Chinese domestic market was at 69.83 points, down 2.14 points or 3.06 percent month on month, while increasing by 1.14 points or 1.71 percent on year-on-year basis.
At the end of June this year, the CSPI long steel index was at 66.48 points, down 1.72 points or 2.52 percent month on month and decreasing by 0.02 points or 0.03 percent year on year, while the CSPI flat steel index stood at 71.12 points, down 2.39 points or 3.25 percent month on month and increasing by 3.80 points or 5.64 percent year on year.
As of the end of June this year, among the eight main steel products monitored by the CISA, prices of high-speed wire rod, rebar, angles, medium plate, hot rolled coil (HRC), cold rolled sheet (CRS), hot dip galvanized (HDG) and seamless pipe decreased by RMB 6/mt ($0.9/mt), RMB 34/mt ($5.1/mt), RMB 61/mt ($9.1/mt), RMB 101/mt ($15.1/mt), RMB 50/mt ($7.5/mt), RMB 182/mt ($27.3/mt), RMB 114/mt ($17.1/mt) and RMB 140/mt ($20.1/mt) respectively, all compared to prices at the end of May this year.