Posted on 14 Jan 2013
China’s Steel Prices
Flat
- China’s boron-containing HRC stood at $590-600 per tonne fob, up from $585-590 per tonne fob a week ago – source: MB
- HRC offers from China to South America at around $650-670 per tonne cfr – source: MB
- China’s prices for 2.75mm HRC dipped by RMB 16 per tonne to RMB 4,234 per tonne – source: SteelHome
- China’s prices for 8mm medium plate decreased by RMB 7 per tonne to RMB 4,276 per tonne – source: SteelHome
Long
- Prices for 6.5mm high speed wire rod in China dropped by RMB 11 per tonne to RMB 3,745 per tonne – source: SteelHome
- China’s prices for 20mm rebar were RMB 3,753 per tonne, down by RMB 14 per tonne – source: SteelHome
Steel Prices in other countries
Scrap
- Premium HMS 1&2 (80:20) was sold at $410/mt CFR Turkish ports, with $415/mt CFR – source: SBB
- Korean mills raised their bid prices for scrap by ￥500/mt to ￥32,000/mt FOB – source: SBB
- Tokyo Steel Manufacturing lifted its scrap buying domestic prices by ￥500/mt ($5.6) effective January 12 to ￥29,500/mt ($331/mt) for H2 grade – source: SBB
Semis
- Cash prices moved up to $294-296 per tonne, from $289-291 – source: MB
Bar
- Italian mills are now asking €250/mt ex-works base prices (€500 mt effective for 12mm bar) in their domestic market, up €15-10/mt from the December transaction prices – source: SBb
HRC
- Steelmakers from the CIS have been offering hot rolled coil (HRC) to South American buyers for $630-650 per tonne cfr – source: MB
- Taiwan’s CSC is currently offering HRC prices at around ￥52,000-53,000/mt ($584-596) for SS400, 3.0mm thick – source: SBB
