News Room - Steel Prices

Posted on 09 Dec 2016

Steel price report as of December 9, 2016

Steel Prices in China

Unit: yuan / ton
Product	Specification	Beijing	Tianjin	Shenyang	Shanghai	Nanjing	Jinan	Zhengzhou	Wuhan	Guangzhou		Nanning	Chengdu	Kunming	Xi'an
高线 Wire Rod HPB300	Φ6.5mm	3100	3050	3100	3450	3500	3490	3370	3400	3600		3800	3620	3860	3370
螺纹钢 Rebar HRB400	Φ16mm	3060	3020	3020	3330	3270	3230	3400	3380	3640		3840	3530	3850	3350
角钢 Angle Bar Q235	5#	3230	3230	3340	3250	3130	3130	3260	3240	3340		3370	3410	3360	3340
中厚板 Plate Q235	20mm	3470	3420	3390	3400	3420	3570	3420	3470	3660		3880	3700	3880	3560
热板卷 HRC Q235	3.0mm	3900	3900	3640	3890	3930	3840	3840	3740	3920		4120	4090	4250	3900
冷薄板 CRS SPCC	1.0mm	4510	4510	4560	4670	4660	4570	4720	4500	4660		4930	4980	4420	4590

Source: CISA

 

Average price	Price (yuan per ton)	Up/down (from the previous day)
8mm HPB300 high speed wire rod	3383	↑41
20mm HRB400 rebar	3339	↑38
2.75mm hot-rolled coil	3924	↑69
1.0mm cold-rolled coil	4570	↑41
8mm medium plate	3858	↑37

Source: SteelHome

 

Long steel

• East China, domestic, grade III 16-25mm rebar, traded at 3,270-3,300 yuan ($475-479) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 3,000-3,030 yuan ($435-440) per tonne, including VAT. – source: Metal Bulletin

 

• Platts assessed 16-20mm diameter BS500 rebar at $435-439/metric ton FOB China actual weight, unchanged on the day. – source: Platts

 

 

Flat steel

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,750- 3,770 yuan ($544-547) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,660-3,680 yuan ($531-534) per tonne, including VAT. – source: Metal Bulletin

 

• Platts assessed SS400 HRC 3.0mm thick at $499-502/metric ton FOB China Thursday, with a midpoint of $500.50/mt that was up $8/mt on day. In Shanghai’s dealer market, Q235 5.5mm HRC was assessed at Yuan 3,790-3,800/mt ($551-553/mt) ex-stock with 17% VAT, down Yuan 15/mt on day. – source: Platts

 

 

Semis

• As at 3pm, billet was being traded at 2,870 yuan ($417) per tonne including VAT in Tangshan, unchanged from Wednesday. – source: Metal Bulletin

 

Steel Prices in Other Countries

 

Scrap

• Metal Bulletin’s daily index for Northern Europe-origin HMS 1&2 (80:20) closed on Thursday at $263.79 per tonne cfr, unchanged day-on-day. - source: Metal Bulletin

 

• The daily index for USA-origin material, meanwhile, closed at $273.07 per tonne cfr, also unchanged day-on-day - source: Metal Bulletin

 

Semis

• Russia (Metalloinvest), export, billet offered at $395-400 per tonne fob Black Sea.   - source: Metal Bulletin

 

•  S&P Global Platts assessed its daily CIS export billet price at $390/metric ton FOB Black Sea Thursday, unchanged on-day. - source: Platts

 

  

Bar/ Wire rod

• S&P Global Platts on Thursday raised its daily US Southeast rebar assessment to $510-$520/st ex-works, up from $500-$510/st ex-works.- source: Platts

 

• S&P Global Platts assessed Turkish export rebar at $417.5/metric ton FOB Turkey Thursday, down $7.5/mt onday. - source: Platts

 

HRC/P

• Philippine buyers were willing to place orders at $502/mt FOB China for SS400 HR sheet as they are lacking inventory for normal operation, an eastern China trader said. In Vietnam, Chinese offers jumped to $535-545/mt CFR Vietnam for SAE coil, a local trader said. A deal of 20,000 mt SAE from an Indian mill was concluded at $505/mt CFR Vietnam the day before and offers increased to $520/mt CFR Vietnam Thursday, a second local trader said. A Russian mill offered $545/mt CFR Vietnam for the same grade coil, a Vietnamese re-roller said. - source: Platts

• Saudi Arabia, domestic (Hadeed Sabic), hot rolled coil (2mm), offered at 2,235 riyals ($596) per tonne ex-works, January-February shipping. Saudi Arabia, domestic (Hadeed Sabic), hot rolled coil (1.5mm), offered at 2,275 riyals ($606) per tonne ex-works, January-February shipping.  - source: Metal Bulletin

  

• US HRC price assessment advances to $580-$600/st - source: Platts