News Room - Steel Prices

Posted on 20 Sep 2012

Steel price report as of September 20, 2012

China Steel Prices

-          China’s 6.5mm high speed wire rod and 20mm rebar prices increased further to RMB 3,723 per tonne and RMB 3,704 per tonne respectively – source: Steelhome

-          China’s 2.75mm HRC prices up by RMB 58 per tonne to RMB 3,803 per tonne and 1.0mm CRC prices at RMB 4,480 per tonne, up by RMB 21 per tonne – source: Steelhome

-          Offers for China-origin SAE1008B wire rod rose by $30-40/t to $520-540/tonne fob – source: SBB

-          Chinese hot rolled coil (HRC) offer prices to the Gulf region have fallen by $10 per tonne to $560 per tonne cfr main Gulf port for October shipment – source: MB

Steel Prices in other countries

Scrap

-          Offers from the UK and the USA for shredded scrap in containers over the past week were at $405-410 per tonne cfr Nhava Sheva, a decrease from the $420-430 per tonne – source: MB

-          In Taiwan, the quotes of the US HMS 80:20 (1&2) rise slightly to US$356/ton C&F and the actual transaction prices are at US$354~US$355/ton C&F this week – source: Yieh

-          The average prices of the US’s H1 scrap in Pittsburgh, Chicago and Philadelphia remained unchanged at US$347.5/long ton on September 17th, 2012 – source: Yieh

Semi

-          Billet offer prices from China to SE Asia lifted to $540-560/tonne cfr from $535-540/t cfr a week ago –source: SBB

-          Korean-origin billet is currently offered at $580/t cfr Philippines, but local buyers are aiming to book at $570/t cfr – source: SBB

-          Billet import offer prices from CIS mills to the Gulf region remain unchanged at $560-570 per tonne cfr main Gulf port for October production and delivery – source: MB

Bar

-          Rebar import prices from Turkey to the Gulf region at $600-630 per tonne cfr main Gulf port, compared with $600-645 previously – source: MB

Bar

-          Rebar import prices from Turkey to the Gulf region at $600-630 per tonne cfr main Gulf port, compared with $600-645 previously – source: MB

HRC

-          Offer prices for commercial-grade hot rolled coil (HRC) from China and Korea to India have increased by at least $10 per tonne to $535-545 per tonne cfr Mumbai – source: MB