News Room - Steel Prices

Posted on 07 Apr 2015

Steel price report as of April 7, 2015

Steel Prices in China

Unit: yuan / ton
Variety	Specification	Beijing	Tianjin	Shenyang	Shanghai	Nanjing	Jinan	Zhengzhou	Wuhan	Guangzhou	Nanning	Chengdu	Kunming	Xi'an
高线 Wire Rod HPB300	Φ6.5mm	2530	2560	2450	2420	2620	2610	2530	2680	2740	2770	2830	3000	2580
螺纹钢 Rebar HRB400	Φ16mm	2410	2410	2380	2470	2550	2530	2520	2550	2800	2720	2740	2950	2540
角钢 Angle Bar Q235	5#	2680	2670	2570	2700	2700	2660	2570	2570	2860	3120	2890	3000	2780
中厚板 Plate Q235	20mm	2500	2470	2550	2520	2570	2600	2480	2600	2700	3000	2690	2950	2620
热板卷 HRC Q235	3.0mm	2540	2560	2600	2550	2630	2640	2560	2680	2700	3100	2720	2980	2650
冷薄板 CRS SPCC	1.0mm	3550	3450	3600	3170	3320	3480	3350	3170	3500	3580	3350	3600	3750

Source: China Iron and Steel Association

 

Long steel

• The average price of 6.5mm Q235 high speed wire rod decreased 9 yuan per tonne from the previous trading day to 2,604 yuan per tonne and that of 20mm HRB400 rebar dropped by 10 yuan per tonne to 2,548 yuan per tonne. – source: SteelHome

 

 

Flat steel

• SteelHome daily price assessment of 8mm medium plate in China reached 2,922 yuan per tonne, down by 10 yuan per tonne from the previous trading day. – source: SteelHome

 

• In Shanghai, prices for commercial-grade HRC (4.5-12mm) widened downwards by 10 yuan ($2) per tonne from last Friday's range to 2,400-2,420 yuan ($392-396) per tonne, the lowest since Steel First started assessing the product in August 2004. In Beijing, prices for the same product were at 2,400-2,410 yuan ($392-394) per tonne, down 10 yuan ($2) per tonne over the same period.  All prices are inclusive of VAT. – source: Steel First

 

• Base export transaction prices for SPCC 1.0mm CRC were in the range of $420-430 per tonne fob for late May or June shipment on Tuesday April 7, narrowing downwards by $10 per tonne from Steel First's assessment last Friday.– source: Steel First

 

• The average price of 2.75mm hot-rolled coil in China down by 10 yuan per tonne from the previous trading day to 2,672 yuan per tonne while that of 1.0mm cold-rolled coil down by 5 yuan per tonne to 3,394 yuan per tonne. – source: SteelHome

 

Steel Prices in Other Countries

Scrap

• Platts maintained its daily shredded assessment range Monday at $255-270/lt delivered Midwest mill, compared to No. 1 busheling at $250-260/lt.  - source: Platts

•  US H1 scrap prices averaged at US$236.83/long ton on March 30th, holding steady from the previous week. - source: Yieh

• Steel First's weekly price assessment for Turkish domestic melting scrap from shipbreaking was $259-260 per tonne delivered, up from the $255-260 per tonne in the past week. – source: Steel First

 

Semis

• Brazilian slab producers have been regaining market presence in Asia, while forced to slash offer prices by $30-40/mt to $325/mt FOB for April bookings - source: Platts

•  Platts assessed CIS billet at $350/metric ton FOB Black Sea. - source: Platts

 

Bar/ Wire rod/ Section

• Platts kept its European medium sections assessment unchanged last week at €520/mt effective DDP EU. - source: Platts

 

HRC/P

• Platts maintained its hot-rolled and cold-rolled coil assessments Monday at $455-465/st and $590-600/st, respectively. Both are normalized to a Midwest (Indiana) mill ex-works basis. - source: Platts

 

• Northern Europe hot rolled cold (HRC) steel prices edged up by €1 per ton week-on-week to €404 per ton in the week ended March 27, as per the latest figures. - source: The Steel Index

 

• ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) advanced sharply by $7 a ton week-on-week to $395 a ton during last week, as per the latest figures. - source: The Steel Index