Posted on 28 Jan 2013
China?ˉs Steel Prices
Flat
- Chinese boron-added commodity grade plate for export have risen by $40-45/metric ton over the past month ¨C source: SBB
Long
- In Beijing, positive sentiment led grade III rebar to be traded at 3,580-3,650 yuan ($570-581) per tonne, up 20-30 yuan per tonne for the day and for the week ¨C source: MB
- On Beijing?ˉs resale market, spot prices of 18-25mm diameter HRB400 rebar sourced from Hebei Iron & Steel (Hegang) were up Yuan 10/metric ton ($2/mt) to about Yuan 3,670-3,680/mt ($590-591/mt) with 17% VAT ¨C source: SBB
Steel Prices in other countries
Scrap
- A few sales of containerised shredded scrap from US at $425 per tonne delivered to Mumbai?ˉs main Nhava Sheva port, down as much as $10 per tonne from the previous week ¨C source: MB
- US West Coast?ˉs scrap price at $385-390 per tonne cfr Taiwan for an 80:20 mix of No1 and No2 heavy melt, down from the previous week?ˉs range of $390-395 per tonne ¨C source: MB
- In Taiwan, deals for containerized HMS 1&2 80:20 from West Coast USA concluded at $390/metric ton CFR during the week ended January 25, down from the previous week?ˉs $395/mt CFR ¨C source: SBB
- Base prices of H2 scraps in the Japanese Tokyo Bay region have fallen to ￡¤30,500~￡¤31,000/ton FAS this week, decreasing by ￡¤500~￡¤1,000/ton from a week ago ¨C source: Yieh
Bar
- Hyundai Steel, Korea?ˉs largest producer of long products, will increase its sales prices by Won 47,000/metric ton ($43/mt) effective from January 28. Dongkuk Steel Mill will also raise prices by the same margin from January 29, and Korea Iron & Steel from January 31 ¨C source: SBB
- Feng Hsin, one of the major steel long produce manufacturers in Taiwan announced to remain its list prices for rebar unchanged for this week at NT$18,900/ton ¨C source: Yieh
- Taiwan?ˉs Dragon Steel hiked the steel wires and rebar prices by NT$600/ton and Feng Hsin increased the prices by NT$500/ton ¨C source: Yieh
HRC/P
- CIS mills have raised their hot rolled coil offers to the Turkish market by $10-20/metric ton for February-March rolling to $590-620/mt CFR ¨C source: SBB
