Posted on 08 Nov 2012
China’s Steel Prices
Flat
- China’s prices of Q235 5.5mm HRC on November 7 were prevailing at Yuan 3,880-3,920/metric ton ($621-628/mt) with 17% VAT in Shanghai and Yuan 3,990-4,000/mt with VAT in Guangdong's Lecong steel market, up by about Yuan 50/mt and Yuan 90/mt respectively from Monday – source: SBB
Long
- Offer prices for Chinese boron-added rebar are prevailing at $570-580/metric ton CFR Hong Kong and Singapore, unchanged from prices in mid-October – source: SBB
- In the Beijing market, spot prices for 18-25mm diameter HRB400 rebar sourced from Hebei Iron & Steel dropped by a further Yuan 10/metric ton to reach around Yuan 3,640-3,670/mt ($583-588) including 17%VAT – source: SBB
Steel Prices in other countries
Scrap
- Metal Bulletin’s daily ferrous scrap index for HMS 1&2 (80:20) material moved down by $0.42 to $398.35 per tonne on Tuesday November 6 – source: MB
- The US scrap suppliers offer HMS 80:20 (1&2) quoted at US$400/ton C&F to Turkey – source: Yieh
Semis
- The London Metal Exchange’s three-month steel billet contract price increased slightly to $335-345 per tonne on Tuesday November 6, from $330-340 on Monday – source: MB
Bar
- Sales of rebar from Turkey to the United Arab Emirates at $610-613/metric ton CFR Dubai – source: SBB
HRC
- MMK’s November offer for HRC stood at $520 per tonne fob Black Sea, while CRC was offered at $610 per tonne fob – source: MB
