Posted on 29 Aug 2014
Steel Prices in China
Long steel
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The average price of 6.5mm
Q235 high speed wire rod and 20mm HRB400 rebar in China’s major marketplaces
both fell 6 yuan per tonne from the previous trading day to 3,099 yuan per
tonne and 3,059 yuan per tonne respectively on Thursday – source: SteelHome
Flat steel
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On Thursday, the average
price of 2.75mm HRC in China market moved down 6 yuan per tonne from the
previous trading day to 3,426 yuan per tonne; that of 1.0mm CRC inched down 3
yuan per tonne to 4,084 yuan per tonne – source: SteelHome
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The average price of 8mm
medium plate in China market reached 3,620 yuan per tonne on Thursday, down 3
yuan per tonne from the previous trading day
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On Chinese domestic market,
Q235 14-20mm plates were mainly traded at Yuan 3,190-3,280/mt ($519-534/mt)
with 17% VAT in Shanghai, down Yuan 50/mt from late last month – source: Platts
Steel Prices in Other Countries
Scrap
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The US material index closed
at $386.96 per tonne cfr, unchanged from the previous day. This put the premium
for USA-origin HMS 1&2 (80:20) material over Northern European material at
$9.24 per tonne on August 28 – source: MB
Semis
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Platts assessed slab imports
into East Asia at $500-520/metric ton CFR Thursday, up from $495-505/mt
month-on-month – source: Platts
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Mills in Russia and Ukraine
are still trying to hold billet prices at some $520/mt FOB Black Sea, one
trader noted that this week material is already available at $514-515/mt FOB –
soruce: Platts
Bar/Wire rod
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Platts daily rebar
assessment remained at $570/mt FOB Turkish ports on Thursday – source: Platts
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Chinese offers to the Hong
Kong market dropped to $450-460/metric ton actual weight CFR, from last week’s
$465-470/mt CFR (with freight averaging at about $15/mt) – source: Platts
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HRC/P
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A Shanghai-based trader told
Steel First that prevailing deals for plate to most Asian countries were at
$495-500 per tonne fob, while those to South Korea were at the lower end of
$490 per tonne – source: MB
