News Room - Steel Prices

Posted on 09 Oct 2019

Steel price report as of 9 Oct, 2019

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	4570	4200	3740	3980	4030	4070	4020	4070	4170	4240	4050	4550	3850
螺纹钢 Rebar HRB400	Φ16mm	3640	3660	3590	3670	3680	3750	3700	3800	4120	3900	3920	4200	3760
角钢 Angle Bar Q235	5#	3900	3900	3920	3870	4030	3930	4090	4040	4100	4250	4350	4440	4180
中厚板 Plate Q235	20mm	3650	3600	3740	3750	3770	3750	3770	3750	3940	4070	3900	4160	3800
热板卷 HRC Q235	3.0mm	3730	3720	3620	3750	3820	3800	3800	3780	3850	4060	3870	4060	3780
冷薄板 CRS SPCC	1.0mm	4450	4450	4210	4250	4310	4250	4430	4230	4360	4370	5080	4620	4520

Source: CISA

 

Average price	Price (yuan per ton)	Up/down (from the previous day)
8mm HPB300 high speed wire rod	4118	↓8
20mm HRB400 rebar	3865	↓8
2.75mm hot-rolled coil	3818	↓12
1.0mm cold-rolled coil	4324	↓1
8mm medium plate	4139	↓4

Source: SteelHome

 

Long steel

• East China, domestic, grade III 16-25mm rebar, traded at 3,740-3,780 yuan ($523-528) per tonne, including value-added tax.
• North China, domestic, grade III 16-25mm rebar, traded at 3,590-3,630 yuan per tonne, including VAT.– source: Fastmarkets

 

• China, chromium-added mesh-quality wire rod, assessed at $470 per tonne fob, November/December shipments. – source: Fastmarkets

 

Flat steel

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,610-3,620 yuan ($505-506) per tonne, including value-added tax.
• North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,560 yuan per tonne, including VAT.. – source: Fastmarkets

 

Semis

 

• China, billet, domestic, traded at 3,420 yuan ($478) per tonne, including value-added tax, at 3pm– source: Fastmarkets

 

Steel Prices in Other Countries

 

Scrap

• Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $219.88 per tonne on October 8, stable day-on-day. – source: Fastmarkets

 

• Scrap prices in Italy are forecast to lose a further €15/tonne ($16/t) in the second half of October, sources in the industry tell Kallanish. - source: Kallanish

 

Semis

• Billet suppliers from the CIS continue to reject lower-priced bids, encouraging a consolidation of prices at current levels of around $350/tonne fob Black Sea. - source: Kallanish

 

• US suppliers are heard to have offered HMS I/II 80:20 at $235/t cfr Turkey, $9/t higher compared to last week’s deals. Baltic suppliers’ quotes stand at $232-235/t cfr. - source: Kallanish

 

• Fastmarkets' weekly price assessment for steel billet, import, cfr Jebel Ali, UAE, was $395-402 per tonne on October 8, narrowing from $390-405 per tonne.  - source: Fastmarkets

 

Bar/ Wire rod

• US rebar pricing remained stable last week, though import pressure appears to be ratcheting up, Kallanish hears from market sources. Kallanish held #4 rebar in 20-foot sticks on Tuesday at $600-620/short ton, level with the previous week. All prices are ex-works, domestic mill. – source: Kallanish