Posted on 05 Sep 2013
China?ˉs Steel prices
Long steel prices
- Platts reduced its assessment of China-origin 6.5mm diameter SAE1008 wire rod prices by $5/mt to $525-530/mt FOB on September 4 ¨C source: SBB
- On Beijing?ˉs dealer market, spot prices for 18-25mm diameter HRB400 rebar sourced from Hebei Iron & Steel (Hegang) were assessed unchanged from Tuesday at Yuan 3,550-3,570/metric ton ($575-578/mt) with 17% VAT ¨C source: SBB
- The average price of 6.5mm HPB235 in Chinese major markets inched up by RMB 4 to RMB 3,600 per tonne on September 4 and that of 20mm HRB335 increased for RMB 1 to RMB 3,559 per tonne ¨C source: SteelHome
Flat steel prices
- China?ˉs base export offers for the same product unchanged at $540-555 per tonne fob for October shipment ¨C source: MB
- China?ˉs prices of 2.75mm HRC stable at RMB 3,840 per tonne; prices of 1.0mm CRC gained for RMB 1 to RMB 4,559 per tonne ¨C source: SteelHome
Steel Prices in other countries
Scrap
- Platts daily assessment for shredded scrap moved down $10/lt to a range of $360-365/lt delivered Midwest mill ¨C source: SBB
- H2 scrap base prices fell by ￡¤500/ton to ￡¤32,500~￡¤33,000/ton FAS in the Japanese Tokyo Bay region ¨C source: Yieh
Semis
- Russian steelmaker Novolipetsk Steel (NLMK) has sold some of its October-rolled slab at $500 per tonne fob Black Sea/Baltic Sea. The later offers are, however, at $505-510 per tonne fob ¨C source: MB
- Ukraine?ˉs Metinvest is now offering its October and November slab production at $505-510 per tonne fob main Ukrainian port ¨C source: MB
Bar/Wire rod
- CIS steelworks have sold their entire September output of 5.5-12.5mm mesh quality rod for $596-598/metric ton FOB Black Sea ¨C source: SBB
HRC/P
- Korean mills raise autosheet prices. Hysco?ˉs sister company and major supplier of HRC to the autosheet maker , increased its domestic HRC prices by Won 30,000-40,000/mt from August ¨C source: SBB
