Posted on 08 Jan 2013
China?ˉs Steel Prices
Flat
- China?ˉs Q235 5.5mm HRC prices were prevailing at Yuan 4,100-4,120/mt with 17% VAT in Shanghai and Yuan 4,210-4,250/mt in Guangdong's Lecong steel market, up Yuan 60-70/mt and Yuan 10/mt respectively from last Friday ¨C source: SBB
- China?ˉs base export offers for commercial-grade, boron-containing HRC reached $590-600 per tonne fob for March shipment, up from $570-575 per tonne fob a week earlier ¨C source: MB
- China?ˉs prices for 2.75mm HRC increase by RMB 11 per tonne to RMB 4,235 per tonne; and prices for 1.0mm CRC reached RMB 4,719 per tonne, up RMB 19 per tonne ¨C source: SteelHome
Long
- Prices for 6.5mm high speed wire rod surged RMB 3 per tonne to RMB 3,762 per tonne; prices for 20mm rebar rose at RMB 3,780 per tonne, up RMB 4 per tonne ¨C source: SteelHome
Steel Prices in other countries
Scrap
- The Metal Bulletin daily European steel scrap index for HMS 1&2 (80:20) material closed at $398.85 per tonne on Monday January 7, $2.70 per tonne higher than on Friday ¨C Source: MB
- USA?ˉs HMS 1&2 (80:20) at $405 per tonne, up from pre-holiday levels of $393 per tonne ¨C source: MB
- Japan?ˉs H2 scrap export prices to Korea would rise to ￡¤30,000/ton FOB, affected by depreciated Japanese Yen and increased scrap prices in Korean domestic market ¨C source: Yieh
Bar
- Korea?ˉs domestic prices of SD400 grade 10mm rebars surged to KRW 750,000/metric ton($701/mt) ¨C source: SBB
- Taiwan?ˉs major rebar maker Feng Hsin Iron & Steel has lifted its domestic rebar list price by TWD 300/metric ton ($10/mt) to TWD 19,200/mt ($661/mt) ex-works ¨C source: SBB
- On Beijing?ˉs dealer market, spot prices for 18-25mm diameter HRB400 rebar sourced from Hebei Iron & Steel (Hegang) fell by about Yuan 20-40/metric ton ($3-6/mt) on Monday to approximately Yuan 3,730- 3,750/mt ($599-602/mt) with 17% VAT ¨C source: SBB
HRC
- Russian producer Severstal has offered hot rolled coil (HRC) at $605-610 per tonne cfr Turkey for bookings over 15,000 tonnes and $630 per tonne cfr for orders over 2,000 tonnes for April shipping ¨C source: MB
