News Room - Steel Prices

Posted on 28 Aug 2018

Steel price report as of August 27, 2018

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	5480	5500	4430	4790	4830	4850	4570	4700	4920	4800	4510	4720	4510
螺纹钢 Rebar HRB400	Φ16mm	4400	4430	4330	4510	4530	4550	4480	4600	4860	4630	4600	4810	4560
角钢 Angle Bar Q235	5#	4440	4460	4480	4260	4320	4280	4550	4460	4460	4760	4680	4590	4660
中厚板 Plate Q235	20mm	4450	4440	4490	4490	4440	4500	4480	4430	4580	4710	4530	4650	4490
热板卷 HRC Q235	3.0mm	4380	4450	4300	4460	4520	4460	4480	4520	4500	4700	4600	4720	4520
冷薄板 CRS SPCC	1.0mm	4730	4730	4850	4850	4840	4800	4910	4820	4980	4940	5400	5080	4740

 

Source: CISA

 

Average price	Price (yuan per ton)	Up/down (from the previous day)
8mm HPB300 high speed wire rod	4763	↓11
20mm HRB400 rebar	4554	↓13
2.75mm hot-rolled coil	4522	—
1.0mm cold-rolled coil	4889	↑2
8mm medium plate	4847	↑3

Source: SteelHome

 

Long steel

• In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,345-4,355/tonne ($634-636/t), down CNY 35/t from a week earlier. On the Shanghai Futures Exchange the January rebar contract closed CNY 21/t higher than Thursday at CNY 4,334/t, and up CNY 33/t w-o-w.  – source: Kallanish

 

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,400-4,420 yuan ($646-649) per tonne, including VAT.
• North China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,300-4,330 yuan per tonne, including VAT.– source: Metal Bulletin

 

Flat steel

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,400-4,420 yuan ($646-649) per tonne, including VAT.
• North China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,300-4,330 yuan per tonne, including VAT. – source: Metal Bulletin

 

• In Shanghai on Friday, 5.5x1,500mm Q235 HRC was trading at CNY 4,420-4,430/tonne ($645-647/t), up CNY 90/t from a week earlier. On the Shanghai Futures Exchange the January 2019 HRC contract closed at CNY 4,304/t, up CNY 78/t compared with the previous trading day and CNY 142/t week-on-week. - source: Kallanish

 

Semis

 

• China, billet, domestic, traded at 4,080 yuan ($599) per tonne, including VAT, at 3pm. – source: Metal Bulletin 

 

Steel Prices in Other Countries

 

Scrap

• Scrap prices in August’s contracts in Germany have seen dips of up to €5.6/t ($6.5) maximum, but this could be only the first hint of a deeper slide to come, Kallanish notes. – source: Kallanish

 

Semis

• On Friday Kallanish reduced its weekly 5sp/ps or Q275120/125/130mm square billet price to $525-530t cfr from $535-540/t cfr Manila. - source: Kallanish

 

• Large volumes of Russian and Ukrainian billet were sold about two weeks ago to southeast Asian buyers, at prices around $525-530/tonne cfr. Turkish sellers then sold at lower levels, spurred by the Turkish lira weakening to a record low, and having secured lower-priced scrap. - source: Kallanish

 

Bar/ Wire rod

• Metal Bulletin's assessment of import prices for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $530-535 per tonne cfr for the week to Monday August 27, unchanged from the preceding week.- source: Metal Bulletin

 

HRC/P

• Metal Bulletin's weekly price assessment for HRC imports in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $590-595 per tonne cfr for the week ending Monday August 27, unchanged from a week ago. - source: Metal Bulletin 

 

• Kallanish assessed SAE 1006 grade 2-2.7mm thick HRC  into Vietnam last Friday at $590-593/t cfr, down from the previous week's $592-595/t cfr. - source: Kallanish