Posted on 18 Aug 2014
Steel Prices in China
Long steel
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Platts assessment of 18-25mm
diameter HRB400 rebar in Beijing eased to Yuan 3,175-3,215/metric ton
($516-523/mt) actual weight with 17% VAT Friday, from Yuan 3,185-3,215/mt
Thursday – source: Platts
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The average price of 6.5mm
Q235 high speed wire rod in China’s major marketplaces fell 4 yuan per tonne
from the previous trading day to 3,160 yuan per tonne on Friday; that of 20mm
HRB400 rebar lost 3 yuan per tonne to 3,116 yuan per tonne – source: SteelHome
Flat steel
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On Friday, the average price
of 2.75mm HRC in China market fell 3 yuan per tonne to 3,477 yuan per tonne
while that of 1.0mm CRC inched down 1 yuan per tonne to 4,100 yuan per tonne –
source: SteelHome
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The average price of 8mm
medium plate in China reached 3,660 yuan per tonne on Friday, down 1 yuan per
tonne from the previous trading day – source: SteelHome
Steel Prices in Other Countries
Scrap
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A spate of sales saw heavy
melting scrap I/II (80:20) move up to $387/mt CFR Friday, up from $382.50/mt
the previous week – source: Platts
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A steel producer in the
Marmara region booked a European cargo on August 11, comprising 30,000 tonnes
of HMS 1&2 (75:25) at $373.50 per tonne cfr, and 10,000 tonnes of a mixture
of busheling and HMS 1 at $401 per tonne cf – source: MB
Semis
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Vietnamese-origin electric
arc furnace billet was ordered at $527/mt CFR Thailand during August 4 week –
source: Platts
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Chinese 120mm blast furnace
billet, declared as “square bar with alloy,” was heard booked during July 28
week at $498/mt CFR Philippines – source: Platts
Bar/Wire rod
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Turkish integrated long
steelmaker Kardemir’s new sales price for round bar is at TRY 1,253/metric ton
($578) exworks, up TRY 19/mt on its previous list price – source: MB
HRC/P
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Platts assessed East Asian
imports of 3mm thick SS400 HRC at $523-538/mt CFR Friday, up from $520-535/mt a
week ago – source: Platts
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Nucor announced a $30/st
price increase on carbon and alloy plate and a $40/st increase on heat-treated
plate in a letter to customers issued late Friday – source: Platts
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Domestic base prices for
Northern European HRC remain at last week's levels of €410-430 ($548-575) per
tonne ex-works for September production, while those in the South stayed at
€410-420 ($548-561) per tonne – source: MB
