Posted on 02 Oct 2013
China’s Steel prices
Long steel prices
- China’s rebar prices lost around 6% to Yuan 3,370-3,380/mt over September – source: SBB
Flat steel prices
- China’s HRC prices dropped by 4% to Yuan 3,470-3,500/mt over September – source: SBB
Steel Prices in other countries
Scrap
- The Metal Bulletin daily index for HMS 1&2 (80:20) steel scrap delivered to Turkey closed at $355.74 per tonne cfr, up by $0.66 per tonne day-on-day – source: MB
- A mill in the Marmara region booked a US cargo, comprising 14,000 tonnes of HMS 1&2 (80:20) at $365 per tonne, 10,000 tonnes of shredded at $370 per tonne and 2,000 tonnes of P&S at $375 per tonne cfr, on September 30 – source: MB
Semis
- The London Metal Exchange’s three-month steel billet contract price rose to $235-240 per tonne on Tuesday October 1, from $230-235 per tonne on Monday – source: MB
- CIS billet prices have continued to slide in the past week, reaching $490-495 per tonne fob Black Sea and Azov Sea, from $490-500 per tonne previously – source: MB
Bar/Wire rod
- Turkish integrated long steelmaker Kardemir increased its bar prices for the domestic market as of October 1, by TRY 28/mt to TRY 1,208/metric ton ($601) ex-works – source: SBB
HRC/P
- Taiwanese re-roller Chung Hung Steel has lifted export prices of its hot rolled coils by $5-10/metric ton for November deliveries. The increase takes its prices to $570-580/mt FOB Taiwan – source: SBB
- Turkish mills’ domestic HRC offers are now at $590-595/mt ex-works for November rolling, while Ukrainian mills were offering at $545-555/mt CFR Turkey, $5/mt lower than last week, and Russian offers were at $565-575/mt CFR
