Posted on 25 Jan 2013
China’s Steel Prices
Flat
- Base transaction prices for HDG were at $710-720 per tonne fob on Friday January 25 for April or early May shipment, up from $705-715 per tonne fob a week earlier – source: MB
- China’s prices for 2.75mm HRC increased by RMB 10 per tonne to RMB 4,234 per tonne; prices for 1.0mm CRC rose by RMB 7 per tonne to RMB 4,769 per tonne – source: SteelHome
Long
- China-origin actual weight rebar was heard concluded at $572/mt CFR Hong Kong – source: SBB
- Prices for 6.5mm HPB235 in China increased by RMB 2 per tonne to RMB 3,731 per tonne; prices for 20mm HRB335 reached RMB 3,740 per tonne, up RMB 3 per tonne – source: SteelHome
Steel Prices in other countries
Scrap
- US bulk cargoes of 80:20 mix of No 1 and Nov heavy melted scrap were sold at $401 per tonne cif Turkey, a $4-6-per-tonne drop from the last US cargoes sold to Turkey, which traded in a range of $405-407 per tonne for HMS 1&2 (80:20) earlier this month – source: MB
Semis
- The London Metal Exchange’s three-month steel billet contract price fell to $315-325 per tonne on Thursday January 24, from $320-330 per tonne on Wednesday – source: MB
- Import prices of billet in Indonesia rose sharply this month with Korean billet concluded at $585-590/mt CFR. In Thailand, recent CIS billet deals were heard concluded at $575/mt CFR – source: SBB
Bar
- Evraz and Severstal are now selling 12mm rebar at Rubles 22,400-22,500/mt ($747/mt), Rubles 700/mt down from a month ago – source: SBB
HRC/P
- Latest offer prices for re-rolling grade 2mm thick HRC from Posco are around $670/metric ton CFR Vietnam – source: SBB
- India’s transaction prices for IS 2062 grade A/B structural HRC, 3mm thick and above, presently average Rupees 33,500-34,000/mt ($622-631/mt) ex- works, up by about Rupees 500/mt ($9/mt) from last month – source: SBB
