Steel price today increased by 65 yuan
Steel price today January 2022 delivery on the Shanghai Exchange increased 65 yuan to 5,706 yuan/ton at the time of the survey at 9:45 am (Vietnam time).
| Type name | Period | October 5 | Difference from yesterday |
| Copper price | Delivered in November 2021 | 67.950 | -690 |
| Zinc price | Delivered in November 2021 | 22.370 | -325 |
| Nickel price | Delivered in November 2021 | 138.070 | -1.070 |
| Silver price | Delivery in December 2021 | 4.615 | -168 |
| Steel price | Delivered in January 2022 | 5.706 | +65 |
Futures price list of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy
India Research and Evaluation (Ind-Ra) has maintained a stable outlook for the domestic steel sector for the second half of fiscal 2022, according to Business Standard.
Iron ore chart at Shanghai exchange (Source: Shfe)
Accordingly, higher coking coal prices are likely to reduce earnings per tonne before interest, taxes, depreciation, etc. due to lower iron ore prices in the context of stable steel prices.
Coking coal prices were up 150% year-on-year in mid-September 2021 and are likely to continue to fluctuate.
The agency said iron ore prices may correct as supply gradually improves, but remain high due to structural changes following mine auctions.
In India, domestic steel demand is mainly dependent on the infrastructure and construction sectors, which account for about 60% of that. Adoption of the government’s 111 trillion rupees infrastructure investment plan is likely to ensure stable domestic demand.
The strong cash flow generation between the second half of fiscal 2021 and the first half of fiscal 2022 has enabled steel companies in India to write off significant debt and embark on the next investment cycle.
The percentage of positive review actions has been higher during this period and it is likely to remain for the rest of FY 2022.
Photo: Mahoning Matters
Investment intensity in the period 2022-2023 is likely to remain stable, while some capital investment is nearing completion and the amount of investment generated will occur in phases.
The new rate of decline at the ongoing iron ore mine auctions in Odisha and the upcoming auctions in Chhattisgarh increases post-allocation production.
China’s continued focus on limiting crude steel output and maintaining logistical disruptions, including limited container volumes, higher port inventories, and rising freight costs, are among the Important factors need to be monitored.
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