Posted on 18 Sep 2017
Steel price report as of September 18, 2017
Steel Prices in China
|
Average price
|
Price (yuan per ton)
|
Up/down (from the previous day)
|
|
8mm HPB300 high speed wire rod
|
4381
|
↓18
|
|
20mm HRB400 rebar
|
4181
|
↓22
|
|
2.75mm hot-rolled coil
|
4379
|
↓19
|
|
1.0mm cold-rolled coil
|
4748
|
↓10
|
|
8mm medium plate
|
4483
|
↓15
|
Source: SteelHome
Long steel
- East China, domestic, grade III 16-25mm rebar, traded at 4,000-4,040 yuan ($610-616) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 3,950-3,990 yuan ($603-609) per tonne, including VAT. – source: Metal Bulletin
- China’s Baosteel raised the list prices for its flat steel products by 150-300 yuan per tonne while central China’s Wuhan Iron & Steel announced increments of 150-200 yuan per tonne. – source: Metal Bulletin
- S&P Global Platts assessed 16-20mm diameter BS500 rebar at $559-561/mt FOB China actual weight, with the midpoint unchanged from Thursday. – source: Platts
Flat steel
- East China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,160-4,190 yuan ($635-639) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,130-4,150 yuan per tonne, including VAT.- source: Metal Bulletin
- Platts Steel, HRC/Chinese: Offer heard Friday, September 15, for SS400 3-12mm thick at $605/mt FOB China, according to Korean trader – source: Platts
Semis
- China, billet, domestic, traded at 3,720 yuan ($568) per tonne, including VAT, at 3pm. – source: Metal Bulletin
Steel Prices in Other Countries
Scrap
- Platts assessment price for East Asian bulk HMS I/II 80:20 scrap remained unchanged at $350-$354/mt CFR Wednesday, from the previous week. - source: Platts
- S&P Global Platts assessed Japanese H2 grade ferrous scrap export price at Yen 32,500-33,000/mt FOB Tokyo Bay Wednesday, midpoint of Yen 32,750/mt FOB is Yen 250/mt higher from last week’s assessment. - source: Platts
Semis
- S&P Global Platts dropped its weekly CFR East Asia 120/130mm billet assessment to $543-548/mt CFR. The implied midpoint of $545.5/mt was $2/mt lower from the previous week. - source: Platts
- S&P Global Platts assessed CIS export billet at $525/mt Friday, unchanged on Thursday. - source: Platts
- Platts Steel, slab/CIS: Russian mill offered November readiness slab at $545/mt FOB, according to a trader. - source: Platts
Bar/ Wire rod
- Egypt (Beshay Steel), domestic, rebar, offered at E£11,970 ($677) per tonne ex-works including 14% VAT. - source: Metal Bulletin
- S&P Global Platts on Wednesday raised its daily US Southeast rebar assessment to $550-$560/st ex-works, up from $540-$560/st. - source: Platts
- S&P Global Platts assessed Turkish export rebar at $555/mt FOB Friday, unchanged on day. - source: Platts
HRC/P
- Platts Steel, HRC/Indian: Offer heard Friday, September 15, for Indian SAE1006 at $595/mt CFR Vietnam, for November shipment, according to Vietnamese re-roller. - source: Platts
- Turkey, domestic, hot rolled coil, offered at $620-640 per tonne ex-works, November production. - source: Platts
- US HRC price assessment unchanged at $620-$640/st. source: Platts
- Russia (MMK), export, hot rolled coil, offered at $630 per tonne cfr, to Turkey. - source: Metal Bulletin
- Ukraine, export, hot rolled coil, offered at $620 per tonne cfr, to Turkey. - source: Metal Bulletin
