Posted on 04 Dec 2012
China’s Steel Prices
Flat
- China’s prices for 2.75mm HRC dropped by RMB 3 per tonne to RMB 4,024 per tonne; prices for 1.0mm CRC fell moderately to RMB 4,596 per tonne – source: SteelHome
- China’s 8mm medium plate offers continue to decline by RMB 6 per tonne to RMB 4,065 per tonne – source: SteelHome
- In Shanghai, 1mm HDG changed hands at 4,800-4,870 ($764-776) per tonne, up 10 yuan per tonne from Thursday and a week earlier – source: MB
Long
- China’s prices for 6.5mm high speed wire rod fell by RMB 7 per tonne to RMB 3,614 per tonne and prices for 20mm rebar slipped by RMB 16 per tonne to RMB 3,617 per tonne respectively – source: SteelHome
- On Beijing’s spot market, prices for 18-25mm diameter HRB400 rebar sourced from Hebei Iron & Steel (Hegang) dropped by Yuan 70/mt from last Friday to about Yuan 3,410-3,430/mt with 17% VAT – source: SBB
- Shagang’s prices for 16-25mm diameter HRB335 and 16-25mm diameter HRB400 rebar were reduced to Yuan 3,650/mt and Yuan 3,750/mt respectively – source: SBB
- Prices of seamless pipes of 219x6mm (GB/8163) grade in eastern China’s Shanghai market rose 2% during the month to around Yuan 4,550-4,630/mt ($722-735/mt) with 17% value-added tax as at the end of October – source: SBB
Steel Prices in other countries
Scrap
- A Spanish supplier reported shredded material being currently priced in the market at €300-310/metric ton delivered to mill – source: SBB
Semis
- London Metal Exchange three-month steel billet contract prices jumped to $335-345 per tonne on Friday November 30, from $325-335 per tonne on Thursday – source: MB
Bar
- Taiwan's Feng Hsin Iron & Steel cut its domestic base-sized rebar price by TWD 200/metric ton($7/mt) week on week to TWD 18,200/mt ($626/mt) ex-works Taichung – source: SBB
