News Room - Steel Prices

Posted on 08 Aug 2017

Steel price report as of August 7, 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	4180	3850	3810	4080	4060	4050	3930	4030	4040	4080	4000	4410	3900
螺纹钢 Rebar HRB400	Φ16mm	3860	3780	3720	3920	3890	3870	3930	3960	4080	4040	4120	4370	4060
角钢 Angle Bar Q235	5#	4010	3920	4030	3910	3930	3860	4050	3990	4000	4120	4140	4300	4020
中厚板 Plate Q235	20mm	3650	3620	3720	3640	3730	3690	3670	3680	3730	3950	3870	4100	3690
热板卷 HRC Q235	3.0mm	3910	3830	3840	3980	4050	4000	4000	3950	4000	4180	4050	4300	4010
冷薄板 CRS SPCC	1.0mm	4370	4370	4560	4390	4390	4500	4440	4350	4430	4460	5190	4600	4570

Source: CISA

 

Average price	Price (yuan per ton)	Up/down (from the previous day)
8mm HPB300 high speed wire rod	4203	↑153
20mm HRB400 rebar	4134	↑135
2.75mm hot-rolled coil	4234	↑169
1.0mm cold-rolled coil	4560	↑136
8mm medium plate	4288	↑164

Source: SteelHome

 

Long steel

• East China, domestic, grade III 16-25mm rebar, traded at 4,030-4,080 yuan ($599-606) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 3,920-3,950 yuan ($582-587) per tonne, including VAT. – source: Metal Bulletin

 

• S&P Global Platts assessed 16-20mm diameter BS500 rebar at $527-531/mt FOB China actual weight, up $9/mt from Friday. – source: Platts

 

Flat steel

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,110-4,150 yuan ($610-616) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,010-4,050 yuan ($596-602) per tonne, including VAT. - source: Metal Bulletin

 

• S&P Global Platts assessed SS400 HRC 3mm thick at $536-540/mt FOB China, with the midpoint of $538/mt that was up $8/mt from last Friday and the highest price since September 5, 2013. – source: Platts

 

• Platts assessed Q235 5.5mm HRC at Yuan 4,160-4,180/mt ($619-622/mt) ex-stock with 17% VAT, up Yuan 210/mt from last Friday. – source: Platts

 

Semis

• China, billet, domestic, traded at 3,750 yuan ($557) per tonne, including VAT, at 3pm.   – source: Metal Bulletin

 

Steel Prices in Other Countries

 

Scrap

• The East Coast bulk scrap export market was the strongest factor during the August buy week. HMS 80:20 bulk scrap prices rose from $298/mt CFR Turkey on July 5 to $331/mt CFR Turkey on Friday.  - source: Platts

•  Prices for Taiwanese containerized HMS # 1&2 80:20 imports continued to gained by $05 a ton to $263 a ton during the week ended July 07. - source: The Steel Index

 

Semis

• S&P Global Platts assessed CIS export billet at $475/mt on Monday, up $5/mt from Friday. - source: Platts

 

• Metal Bulletin’s CIS billet index price moved up by $13 per tonne over the week to $459 per tonne fob Black Sea on Monday - source: Metal Bulletin 

 

• Metal Bulletin’s price assessment for billet imports in Southeast Asia rose to $485-490 per tonne cfr for the week ending August 7, compared with $460-475 per tonne cfr the week before. - source: Metal Bulletin

• Metal Bulletin’s assessment of slab import prices in Southeast Asia and East Asia moved up to $435-470 per tonne cfr for the week ending Monday August 7, against $430-435 per tonne in the preceding week. - source: Metal Bulletin

 

Bar/ Wire rod

• Icdas also raised its price for 10mm diameter rebar to TRY 2,170/mt EXW, while 8mm rebar reached TRY 2,180/mt EXW Istanbul. The company's 7-8.5mm diameter wire rod list prices also strengthened by the same amount to TRY 2,240-2,270/mt EXW (including VAT) Monday - source: Platts

 

• S&P Global Platts assessed Turkish export rebar at $505/mt FOB on Monday, stable from Friday. - source: Platts

 

HRC/P

• S&P Global Platts maintained its northwest European hot-rolled coil price assessment at €495-505/mt ($581.87-593.63)/mt ex-works Ruhr Friday. - source: Platts

 

• US HRC prices unchanged at $620-$630/st - source: Platts

 

• Turkey, domestic, hot rolled coil, traded at $535-545 per tonne ex-works, October production. Turkey, export, hot rolled coil, traded at $540-545 per tonne fob, to Europe.  – source: Metal Bulletin

 

• Russia (MMK), export, hot rolled coil, offered at $530 per tonne cfr, to Turkey. – source: Metal Bulletin