News Room - Steel Prices

Posted on 10 Oct 2012

Steel price report as of October 10, 2012

China Steel Prices

Flat

-          Wuhan Iron & Steel (Wugang) will raise its November list prices for hot rolled coil by RMB 150/tonne ($24/t). Q235 5.5mm HRC is set at RMB 3,580/t ($569/t) for November – source: SBB

-          China’s 2.75mm HRC gains RMB 23 per tonne to RMB 3,907 per tonne; 1.0mm CRC gains RMB 14 per tonne to RMB 4,560 per tonne – source: Steelhome

-          China’s latest transactions on Wednesday October 10 for commercial-grade, boron-containing plate was in the range of $535-540 per tonne fob for December shipment, up $15 per tonne from that for November shipment – source: MB

Long

-          China’s 6.5mm high speed wire rod prices rose by RMB 36 per tonne to RMB 3,839 per tonne and 20mm rebar prices at RMB 3,821 per tonne, up RMB 39 per tonne – source: Steelhome

-          Prices for 18-25mm diameter HRB400 rebar sourced from Hebei Iron & Steel (Hegang) increased by about RMB 70-100/tonne ($11-16/t) to around RMB 3,850/t ($612/t) with 17% VAT – source: SBB

Steel Prices in other countries

Scrap

-          The Platts Steel Business Briefing daily shredded scrap price assessment is $335-340/long ton, delivered to midwest mills for October requirements – source: SBB

-          Feng Hsin, one of the major steel long product manufacturers in Taiwan announced to cut its scrap purchasing prices further by NT$100~NT$200/ton from October 9^th – source: Yieh

Bar

-          Taiwan's Hai Kwang Enterprise has lowered its delivered rebar price by TWD 700/tonne ($24/t) from two weeks earlier to TWD 17,000/t ($580/t)- source: SBB

HRC

-          MMK is offering HRC at $520-530/t fob Black Sea,– source: SBB