Posted on 04 Sep 2014
Steel Prices in China
Long steel
China-origin 6.5mm diameter SAE1008 wire rod down by $9/mt on week at $435-440/metric ton FOB, following a slide of $14/mt last week – source: Platts
The average price of 6.5mm Q235 high speed wire rod in China’s major marketplaces fell 16 yuan per tonne from the previous trading day to 3,054 yuan per tonne on Wednesday and that of 20mm HRB400 rebar slipped 12 yuan per tonne to 3,021 yuan per tonne – source: SteelHome
Flat steel
On Wednesday, the average price of 2.75mm HRC in China market fell 10 yuan per tonne from the previous trading day to 3,393 yuan per tonne; that of 1.0mm CRC was down 6 yuan per tonne to 4,076 yuan per tonne – source: SteelHome
The average price of 8mm medium plate in China market reached 3,595 yuan per tonne on Wednesday, down 13 yuan per tonne from the previous trading day – source: SteelHome
Steel Prices in Other Countries
Scrap
Platts maintained its shredded scrap assessment at $380/lt delivered Midwest mill on Wednesday – source: Platts
Northern Europe-origin HMS 1&2 (80:20) scrap delivered to Turkey closed at $374.03 per tonne cfr on September 2, unchanged day-on-day – source: MB
Semis
Steel First's weekly export price assessment for CIS-origin billet was $505-520 per tonne fob Black Sea on September 1, widening downward from $513-518 per tonne on the same terms a week ago on lower bids – source: MB
Bar/Wire rod
The Platts merchant bar price assessment, based on a 2x2x1/4-inch angle, held at $783-793/st ex-works for September – source: Platts
Southern European rebar export prices stood at €425-430 ($558-564) per tonne fob main local port for early October shipment, unchanged from the previous week – source: MB
HRC/P
Hot rolled coil offers from CIS suppliers to Turkey declined by $5-10/metric ton at the beginning of this week on low demand, after previous Russia-origin offers of $570-575/mt CFR Turkey – source: Platts
Platts assessed Q235 5.5mm HRC prices at Yuan 3,110-3,140/metric ton ($506-511/mt) including 17% VAT in Shanghai on Wednesday, down Yuan 40/mt from the previous day – source: Platts
