News Room - Steel Prices

Posted on 04 Jan 2017

Steel price report as of January 3, 2017

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	3380	3200	3180	3540	3530	3420	3290	3360	3720	3680	3340	3870	3400
螺纹钢 Rebar HRB400	Φ16mm	3090	3050	3060	3200	3270	3150	3340	3230	3720	3720	3230	3840	3300
角钢 Angle Bar Q235	5#	3330	3320	3320	3320	3400	3330	3560	3550	3450	3580	3700	3370	3400
中厚板 Plate Q235	20mm	3500	3420	3460	3400	3460	3550	3380	3550	3810	4030	3830	4050	3470
热板卷 HRC Q235	3.0mm	3900	3900	3700	3920	3970	3870	3900	3980	4010	4230	4020	4320	3930
冷薄板 CRS SPCC	1.0mm	4800	4800	4780	4750	4850	4840	4810	4810	4850	5030	5200	4850	4720

Source: CISA

  

Average price	Price (yuan per ton)	Up/down (from the previous day)
8mm HPB300 high speed wire rod	3408	↓6
20mm HRB400 rebar	3282	↓11
2.75mm hot-rolled coil	3954	↓7
1.0mm cold-rolled coil	4708	↓8
8mm medium plate	3909	↓15

Source: SteelHome

 

Long steel

• East China, domestic, grade III 16-25mm rebar, traded at 3,100-3,150 yuan ($446-454) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 2,920-2,940 yuan ($420-423) per tonne, including VAT.– source: Metal Bulletin

 

• Shagang’s price for 16-25mm diameter HRB400 rebar remains at Yuan 3,550/metric ton ($511/mt) ex-works including 17% VAT. Shagang announced it was holding its HPB300 wire rod price stable at Yuan 3,630/mt including VAT for sales in the same period. - source: Platts

 

• Platts assessed 16-20mm diameter BS500 rebar at $420/metric ton FOB China actual weight Tuesday, unchanged on the day. - source: Platts

 

• Platts assessed deal prices for 18-25mm diameter HRB400 rebar down Yuan 25/mt day-on-day at Yuan 2,980-2,990/mt, ex-stock actual weight and including VAT. - source: Platts

 

Flat steel

• East China, domestic, commercial-grade HRC (4.5 -12mm), traded at 3,720-3,760 yuan ($536-541) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5 -12mm), traded at 3,630-3,660 yuan ($523-527) per tonne, including VAT. – source: Metal Bulletin

 

• China, base export offer price for commercial-grade, boron-containing HRC, traded at $510-520 per tonne fob, February shipments.  source: Metal Bulletin

 

• Platts assessed SS400 HRC 3.0mm thick at $495-498/metric ton FOB China, implying a midpoint of $496.50/mt that was down $1/mt from last Friday. In Shanghai’s dealer market, Q235 5.5mm HRC was assessed at Yuan 3,700/mt ($532/mt) ex-stock with 17% VAT, flat from last Friday. – source: Platts

  

Semis

• China, billet, domestic, traded at 2,750 yuan ($396) per tonne, including VAT, at 3pm. – 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 Tuesday at $280.84 per tonne cfr, unchanged day-on-day.- source: Metal Bulletin

 

• The daily index for USA-origin material closed at $289.59 per tonne cfr, also unchanged. - source: Metal Bulletin

 

• For January 3-6, Feng Hsin’s buying price for domestically-sourced heavy melting scrap 1&2 (80:20) declines to TWD 7,400/mt while the mini-mill’s rebar list price stays at TWD 14,800/mt ex-works. - source: Platts

 

Semis

• The latest imported billet offers to Turkey from the CIS were in the range of $410-415/mt CFR. - source: Platts

 

• S&P Global Platts assessed its daily CIS export billet price at $397.5/metric ton FOB Black Sea Tuesday, stable on day. - source: Platts

 

  

Bar/ Wire rod

• S&P Global Platts assessed Turkish export rebar in the range of $430-$435/metric ton FOB on Tuesday, giving a midpoint of $432.50/mt FOB, down $2.50/mt from Friday last week.- source: Platts

 

• Taiwan’s leading rebar mill, Feng Hsin Iron & Steel, has decided to roll over its rebar list price for the first week of 2017, while cutting its scrap procurement price by TWD 200/metric ton ($6.2/mt), a company official confirmed Tuesday. - source: Platts

 

• S&P Global Platts on Tuesday raised its monthly US standard pipe assessment to $900-$950/st ex-works, up from $800-$820/st. - source: Platts

 

HRC/P

• S&P Global Platts maintained its north European hot rolled coil price assessment at €560-565/metric ton exworks Ruhr Tuesday. - source: Platts

 

• US HRC price assessment steady at $590-$600/st - source: Platts

 

• S&P Global Platts maintained its daily HRC and CRC assessments at $590-$600/st and $800-$820/st, respectively. Both prices are normalized to a Midwest (Indiana) ex-works basis. - source: Platts