News Room - Steel Prices

Posted on 07 Jan 2013

Steel price report as of January 7, 2013

China’s Steel Prices

Flat

-       China’s prices for 2.75mm HRC surged by RMB 45 per tonne to RMB 4,181 per tonne; prices for 1.0mm CRC increase by RMB 19 per tonne to RMB 4,668 per tonne – source: SteelHome

-       China’s prices of Q235 5.5mm HRC were prevailing at Yuan 4,040-4,050/metric ton ($648-650) with 17% VAT in Shanghai and Yuan 4,200-4,240/mt with VAT in southern China’s Lecong steel market – source: SBB

 

Steel Prices in other countries

Scrap

-          Korean mini-mills in Busan are currently paying Korean Won 320,000-330,000/mt ($299-308/mt) for domestic H2 grade scrap – source: SBB

Semis

-          Billet prices in Southeast Asia were likely to remain in the region of $585 per tonne cfr – source: MB

-          The London Metal Exchange’s three-month steel billet contract price fell to $300-310 per tonne on Friday January 4, from $310-320 per tonne on Thursday – source: MB

-          A trader's cargo for 20,000 mt of Korean billet concluded at $566/mt CFR Philippines before Christmas. New offers are now nearly $580/mt CFR Philippines – source: SBB

Bar

-          Kardemir, the largest steel long product maker in Turkey announced to raise its bar prices to TRY 1,109/ton and TRY1,092/ton respectively, effective from January 4^th –source: Yieh

HRC

-          Domestic rebar in Southern Europe is trading remained steady at €480-520 ($630-683) per tonne delivered for January production – source: MB

-          Brazilian flat steel producers ArcelorMittal and CSN will raise their prices for HRC by 7.2% and CRC and HDG by 3.5% - source: SBB