News Room - Steel Prices

Posted on 02 Mar 2018

Steel Prices in China

Source: CISA

Source: SteelHome

Long steel

Asia
China Exports
Metal Bulletin''s appraisal of Chinese mills'' prices for export of commercial-quality carbon steel, $ per tonne fob main China port.
China export rebar $ per tonne fob main port	585.63 / 585.63	01 Mar 2018
Eastern China Domestic
Metal Bulletin's appraisal of prices in eastern China for commercial-quality carbon steel of Chinese origin, yuan per tonne ex-warehouse.
Eastern China domestic rebar yuan per tonne ex-warehouse	4080 / 4120	01 Mar 2018
Northern China Domestic

Northern China Tangshan Domestic Billet ex-works Yuan per tonne	3750 / 3750	01 Mar 2018

Source: Metal Bulletin

Shagang's price for 16-25 mm diameter HRB400 rebar is increasing to Yuan 4,300/mt ($678/mt), including 17% VAT, a mill source said Thursday. Shagang also lifted the price of HPB300 6.5 mm wire rod to Yuan 4,230/mt including VAT. – source: Platts

Flat steel

Asia
China Exports

China export hot rolled coil $ per tonne fob main port	610.02 / 610.02	01 Mar 2018
Eastern China Domestic
Metal Bulletin's appraisal of prices in eastern China for commercial-quality carbon steel of Chinese origin, yuan per tonne delivered warehouse.
Eastern China domestic hot rolled coil yuan per tonne ex-warehouse	4170 / 4190	01 Mar 2018

Source: Metal Bulletin

Platts assessed China's domestic Q235 5.5 mm HRC at Yuan 4,170-4,180/mt ($658-659/mt) ex-stock with 17% VAT in Shanghai, implying a midpoint of Yuan 4,175/mt, up Yuan 15/mt day on day. On the Shanghai Futures Exchange, the most active May HRC contract closed at Yuan 4,094/mt on Thursday, up Yuan 7/mt from Wednesday. – source: Platts

Steel Prices in Other Countries

Scrap

S&P Global Platts assessed daily Midwest shredded scrap at $355.25/lt delivered mill on Thursday, up $5.25/lt on day. - source: Platts

Semis

Turkish Exports
Metal Bulletin's appraisal of Turkish mills' prices for export of commercial-quality carbon steel, $ per tonne fob main Turkish port.
Turkey export billet $ per tonne fob main port	570 / 580	01 Mar 2018
Turkish Domestic
Metal Bulletin's appraisal of prices within Turkey for commercial-quality carbon steel of Turkish origin, $ per tonne ex-works.
Turkey domestic billet $ per tonne exw	570 / 575	01 Mar 2018
Turkish Import
Metal Bulletin's appraisal of prices for imported commercial-quality carbon steel, $ per tonne of cfr main Turkish port.
Turkey import billet $ per tonne cfr main port	535 / 545	01 Mar 2018

Source: Metal Bulletin

Black Sea billet prices consolidated at around $530/mt FOB Thursday, as prompt shipment cargoes were finding buyers in Turkey, mostly integrated mills, sources told S&P Global Platts. source: Platts

S&P Global Platts assessed CIS export billet at $532.50/mt FOB Black Sea Thursday, up $1.50/mt on day. source: Platts

Bar/ Wire rod

Turkish Exports
Metal Bulletin's appraisal of Turkish mills' prices for export of commercial-quality carbon steel, $ per tonne fob main Turkish port.
Turkey export rebar $ per tonne fob main port	595 / 600	01 Mar 2018
Turkey export wire rod (mesh quality) $ per tonne fob main port	610 / 620	01 Mar 2018
Turkey export merchant bar $ per tonne fob main Turkish port	620 / 630	01 Mar 2018
Turkish Domestic
Metal Bulletin's appraisal of prices within Turkey for commercial-quality carbon steel of Turkish origin, $ per tonne ex-works.
Turkey domestic wire rod (mesh quality) $ per tonne exw	630 / 640	01 Mar 2018
Turkey domestic rebar $ per tonne exw	605 / 625	01 Mar 2018

Source: Metal Bulletin

S&P Global Platts assessed Turkish export rebar at $580/mt FOB Turkey Thursday, stable on Wednesday. source: Platts

In Hong Kong, an offer for Chinese 10-40 mm rebar was heard at $615/mt, up $15/mt from Wednesday, a local stockist said, adding offers for Taiwanese and Turkish rebar also rose by around $10/mt due to higher scrap prices. source: Platts

With Singapore's local rebar sales index equivalent to $535-$545/mt after taking into account the current market's discount level needed to win tenders, local stockists' ideal buying prices were unmoved at the low $550/mt CFR Singapore theoretical weight. - source: Platts

HRC/P

The S&P Global Platts TSI hot-rolled coil index was unchanged Thursday at Eur570/mt ($695.97/mt) ex-works Ruhr. - source: Platts

The daily Platts TSI US hot-rolled coil assessment increased by $15.75/st to $792.75/st as most offers and transactions approached $800/st. - source: Platts