Posted on 25 Jul 2014
Steel price report as of July 25, 2014
Steel price report as of July 25, 2014
Steel Prices in China
Long steel
- The average price of 6.5mm Q235 high speed wire rod in China's major marketplaces fell 7 yuan per tonne to 3,195 yuan per tonne on Friday whilst that of 20mm HRB400 rebar inched down 3 yuan per tonne to 3,136 yuan per tonne – source: SteelHome
-Platts assessed China-origin actual weight 16mm diameter and up BS460/HRB400 rebar at $440-445/mt FOB, down by $2.5/mt week-on-week – source: Platts
Flat steel
-On Friday, the average price of 2.75mm HRC in China market declined 3 yuan to 3,489 yuan per tonne while that of 1.0mm CRC dropped 1 yuan per tonne to 4,107 yuan per tonne – source: SteelHome
-The average price of 8mm medium plate in China reached 3,703 yuan per tonne on Friday, down3 yuan per tonne – source: SteelHome
-Platts assessed SS400B HRC 3mm thick and above at $505-510/metric ton FOB China, implying a midpoint of $507.50/mt, unchanged from the previous week – source: Platts
Steel Prices in other countries
Semis
-Steel First's weekly price assessment for billet imports into Turkey was $510-515 per tonne cfr, which was up from $505-510 per tonne cfr last week – source: MB
Bar/Wire rod
-The most recent export deals were heard selling into Dubai at $560 per tonne fob at the end of last week and earlier this week. However, mills have recently raised their offers to $570 per tonne fob – source: MB
HRC/P
-Market sources said US domestic mills had been offering sheet steel at $33-33.50 per cwt ($660-670 per ton) source: MB
-In Italy and Spain HRC was offered and traded at some €410-415/metric ton ex-works base, while some pickled material was offered by Italian mills at as low as €400/mt ex-works base – source: Platts
