Posted on 05 Aug 2014
Steel Prices in China
Long steel
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The average price of 6.5mm
Q235 high speed wire rod in China’s major marketplaces kept flat at 3,190 yuan
per tonne on Monday while that of 20mm HRB400 rebar inched down 1 yuan per
tonne to 3,137 yuan per tonne – source: SteelHome
Flat steel
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The average price of 2.75mm
HRC in China market leveled off at 3,493 yuan per tonne while that of 1.0mm CRC
edged up 1 yuan per tonne to 4,108 yuan per tonne – source: SteelHome
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The average price of 8mm
medium plate in China reached 3,691 yuan per tonne on Monday, down 3 yuan per
tonne from last Friday – source: SteelHome
Steel Prices in other countries
Scrap
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Shred scrap offers are
around $400 per tonne cfr Nhava Sheva, but most Indian mills can only afford to
pay $385-390 per tonne – source: MB
Semis
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Steel First's weekly export
price assessment for CIS-origin billet was $505-510 per tonne fob Black Sea on
Monday August 4, up by $5 per tonne week-on-week – source: MB
Bar/Wire rod
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On August 4, prices for
Hegang-sourced 18-25mm diameter HRB400 rebar were assessed at Yuan 3,185- 3,195/metric
ton ($516-517/mt) actual weight and with 17% VAT, up by a slight Yuan 10/mt
from last Friday – source: Platts
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The standard 13mm diameter
rebar price at Feng Hsin hence remained at TWD 17,900/metric ton ($595/mt)
exworks Taichung in central-west Taiwan on Monday – source: Platts
HRC/P
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AMM's hot-rolled coil price
was steady at $33.50 per hundredweight ($670 per ton) – source: MB
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Most offers of Chinese
SAE1006-grade HRC of 2-3mm thickness remained above $540 per tonne cfr for
September shipments, while Vietnamese buyers were still looking for $535-540
per tonne cfr – source: MB
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The latest Ukraine-origin
offers are at $545-550/mt CFR Turkey, while Russian offers are at $565/mt CFR
and above – source: Platts
