News Room - Steel Prices

Posted on 20 Mar 2017

Steel price report as of March 17, 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	3970	3770	3670	3930	3990	4100	3880	3980	4240	4220	4020	4290	3810
螺纹钢 Rebar HRB400	Φ16mm	3850	3870	3630	3780	3820	3900	3920	3900	4210	4280	4030	4240	3750
角钢 Angle Bar Q235	5#	3730	3750	3720	3800	3760	3790	3940	3990	3930	4040	4090	3910	3850
中厚板 Plate Q235	20mm	3720	3700	3730	3690	3740	3780	3720	3650	3800	4110	3940	4050	3710
热板卷 HRC Q235	3.0mm	3780	3780	3640	3820	3910	3900	3940	3900	3840	4300	4070	4300	3900
冷薄板 CRS SPCC	1.0mm	4880	4880	4900	4520	4560	4720	4690	4350	4520	4870	5000	4840	4630

Source: CISA

 

Average price	Price (yuan per ton)	Up/down (from the previous day)
8mm HPB300 high speed wire rod	3961	↓4
20mm HRB400 rebar	3892	↓5
2.75mm hot-rolled coil	3920	↓11
1.0mm cold-rolled coil	4526	↓25
8mm medium plate	4114	↓6

Source: SteelHome

 

Long steel

East China, domestic, grade III 16-25mm rebar, traded at 3,670-3,710 yuan ($532-538) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 3,730-3,750 yuan ($541-543) per tonne, including VAT.– source: Metal Bulletin

Platts assessed 16-20mm diameter BS500 rebar at $442-443/mt FOB China actual weight, unchanged from Thursday. - source: Platts

 

Flat steel

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,600-3,630 yuan ($522-526) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,600-3,630 yuan ($522-526) per tonne, including VAT.  - source: Metal Bulletin

 

• Platts assessed SS400 HRC 3.0mm thick at $495-500/mt FOB China, with the midpoint of $497.50/mt down $2.50/mt on day and at the lowest level since February 20.– source: Platts

 

 

Semis

• China, billet, domestic, traded at 3,280 yuan ($475) per tonne, including VAT, at 3pm. – source: Metal Bulletin

 

Steel Prices in Other Countries

 

Scrap

• Metal Bulletin’s import price assessment for USA-origin HMS 1&2 (80:20) was $278-280 per tonne cfr Taiwan for the week ended Friday March 17, narrowing downward by $4 per tonne from $278-284 per tonne cfr in the preceding week. - source: Platts

 

• S&P Global Platts assessed the H2 scrap export price at Yen 30,500/mt FOB Tokyo Bay Wednesday, up Yen 250/mt from the previous week's midpoint at Yen 30,250/mt. - source: Platts

 

• On Wednesday, Platts raised its east Asian bulk HMS I/II 80:20 scrap assessment to $315-323/mt CFR from $300-310/mt CFR. The implied midpoint of $319/mt CFR was $14/mt higher on week.

 

Semis

• On Friday, S&P Global Platts weekly CFR East Asia 120/130mm billet assessment was at $435-$445/mt, compared to the previous week’s $440-$450/mt. The implied midpoint of $440/mt was $5/mt lower. - source: Platts

  

• S&P Global Platts assessed its daily CIS export billet price at $410/mt FOB Black Sea Friday, stable on day. - source: Platts

 

Bar/ Wire rod

• S&P Global Platts assessed Turkish export rebar at $445/mt Friday, stable from Thursday. - source: Platts

 

• The S&P Global Platts weekly assessment for 10 mm diameter rebar held flat at an average midpoint of Real 1,816/mt ($585.74/mt) ex-works, taxes excluded, based on a range of Real 1,790-1,842/mt. - source: Platts

 

• On Friday, 17 March, Platts decreased its weekly Russian domestic rebar assessment to Rubles 25,700-26,000 ($445-450)/mt CPT Moscow, Rubles 1,100 ($19)/mt lower week on week. - source: Platts

 

• Egypt (Beshay Steel), domestic, rebar, offered at E£9,800 ($539) per tonne ex-works including 13% VAT. – source: Metal Bulletin

 

 

HRC/P

• The same grade coil was assessed at $503-508/mt CFR East Asia, down $4/mt from the previous week. In Shanghai’s dealer market the same day, Q235 5.5mm HRC was assessed at Yuan 3,630-3,650/mt ($526-529/mt) ex-stock with 17% VAT, down Yuan 10/mt on day. - source: Platts

 

• S&P Global Platts maintained its daily HRC and CRC assessments at $640-$650/st and $840-$860/st, respectively. Both prices are normalized to a Midwest (Indiana) ex-works basis. - source: Platts

 

• S&P Global Platts cut the midpoint of its north European hot rolled coil assessment by €3/mt Friday, taking the range to €565-575/mt ($607.21-$617.95/mt) ex-works Ruhr. – source: Platts

 

• US HRC prices hold at $640-$650/st – source: Platts

 

• Turkey, domestic, hot rolled coil, traded at $540-550 per tonne ex-works, May production.

 

• Turkey, domestic, hot rolled coil, offered at $550-560 per tonne ex-works, May production.

 

• Turkey, export, hot rolled coil, offered at $530-535 per tonne fob. – source: Metal Bulletin

 

• Russia, export, hot rolled coil, traded at $500-515 per tonne cfr, to Turkey, May shipping. – source: Metal Bulletin