News Room - Steel Prices

Posted on 20 Feb 2017

Steel Prices in China

Source: CISA

Long steel

East China, domestic, grade III 16-25mm rebar, traded at 3,450-3,500 yuan ($503-510) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 3,430-3,450 yuan ($500-503) per tonne, including VAT.– source: Metal Bulletin

S&P Global Platts assessed 16-20 mm diameter BS500 rebar at $433-435/metric ton FOB China actual weight, up $2/mt from Thursday. - source: Platts

Flat steel

East China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,810-3,840 yuan ($555-560) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,770-3,790 yuan ($550-552) per tonne, including VAT. source: Metal Bulletin

Platts assessed SS400 HRC 3.0mm thick at $495-500/metric ton FOB China, unchanged from Thursday. The same grade coil was assessed at $505.50/mt CFR East Asia, unchanged from last assessment. Offers for SAE1006 2.0mm thick coil by eastern Chinese traders indicated a premium of $10/mt over commercial quality, unchanged from the last assessment. – source: Platts

Semis

China, billet, domestic, traded at 3,170 yuan ($462) per tonne, including VAT, at 3pm. – source: Metal Bulletin

Steel Prices in Other Countries

Scrap

Taiwan’s Feng Hsin Steel has increased both its domestic ferrous scrap purchase prices and its rebar selling price by NT$300 ($10) per tonne this week. The steelmaker will pay NT$7,000-7,600 ($226-245) per tonne for mainstream grades of scrap. Metal Bulletin’s import price assessment for USA-origin HMS 1&2 (80:20) in Taiwan was $243-253 per tonne cfr for the week ended Friday February 17, up $13 per tonne from the previous week. - source: Metal Bulletin

Prices for Taiwanese containerized HMS # 1&2 80:20 imports climbed by $6 a ton to $251 a ton during the week ended February 17. -source: The Steel Index

Turkish HMS 1/2 80:20 scrap import weekly average prices (CFR Iskenderun Port, Turkey) increased further by $27 a ton week-on-week at $272 a ton during the week ended February 17. -source: The Steel Index

Semis

CIS, billet, export, traded at $398 per tonne cfr, to Turkey, 5,000 tonnes. - source: Metal Bulletin

Ukraine (ArcelorMittal Kryvyi Rih), billet, export, offered at $390-400 per tonne fob Black Sea. - source: Metal Bulletin

Russia (Novorosmetal) billet, export, offered at $400-420 per tonne fob Black Sea. - source: Metal Bulletin

On Friday, S&P Global Platts assessed its weekly CFR East Asia 120/130mm billet price at $430-$437/metric ton, up from the previous week's $400-$420/mt CFR. The implied midpoint of $433.5/mt was $23.50/mt higher on week. - source: Platts

S&P Global Platts assessed its daily CIS export billet price at $385/metric ton FOB Black Sea Friday, stable on day. - source: Platts

Bar/ Wire rod

The S&P Global Platts weekly assessment for 10 mm diameter rebar held flat at an average midpoint of Real 1,816/mt ($587.08/mt) ex-works, taxes excluded, based on a range of Real 1,790-1,842/mt. - source: Platts

Platts assessed its daily rebar price at $425/mt FOB Turkey Friday, stable from Thursday. The assessment gained $17.50 during the week ended February 17. - source: Platts

HRC/P

Turkey, domestic, hot rolled coil, traded at $530 per tonne ex-works, April production.
Turkey, export, hot rolled coil, offered at $520-530 per tonne fob, to Europe. – source: Metal Bulletin

Russia (MMK), export, hot rolled coil, offered at $495-500 per tonne cfr, to Turkey. – source: Metal Bulletin