News Room - Steel Prices

Posted on 07 May 2015

Steel price report as of May 7, 2015

Steel Prices in China

Unit: yuan / ton
Product	Specification	Beijing	Tianjin	Shenyang	Shanghai	Nanjing	Jinan	Zhengzhou	Wuhan	Guangzhou	Nanning	Chengdu	Kunming	Xi'an
高线 Wire Rod HPB300	Φ6.5mm	2550	2450	2420	2360	2520	2540	2530	2610	2650	2680	2700	2910	2520
螺纹钢 Rebar HRB400	Φ16mm	2310	2260	2300	2350	2430	2390	2480	2490	2780	2640	2600	2880	2430
角钢 Angle Bar Q235	5#	2620	2660	2590	2680	2710	2660	2550	2530	2850	3120	2850	2900	2780
中厚板 Plate Q235	20mm	2470	2410	2470	2450	2520	2500	2380	2520	2600	2850	2630	2850	2570
热板卷 HRC Q235	3.0mm	2590	2600	2530	2530	2550	2620	2620	2580	2650	2950	2640	2880	2690
冷薄板 CRS SPCC	1.0mm	3410	3350	3500	3000	3200	3420	3200	2900	3200	3270	3170	3500	3450

Source: China Iron and Steel Association

 

Long steel

• The average price of 6.5mm Q235 high speed wire rod decreased 8 yuan per tonne from the previous trading day to 2,543 yuan per tonne and that of 20mm HRB400 rebar dropped by 10 yuan per tonne to 2,461 yuan per tonne.  – source: SteelHome

•  In Shanghai, prices for 6.5mm diameter Q195 wire rod fell by Yuan 10/mt on-week to Yuan 2,330-2,340/mt ($375-376/mt) including 17% VAT. – source: Platts

 

Flat steel

• The average price of 2.75mm hot-rolled coil in China decreased by 4 yuan per tonne from the previous trading day to 2,682 yuan per tonne while that of 1.0mm cold-rolled coil down by 7 yuan per tonne to 3,246 yuan per tonne. – source: SteelHome

 

• SteelHome daily price assessment of 8mm medium plate in China reached 2,854 yuan per tonne, down 8 yuan per tonne from the previous trading day. – source: SteelHome

 

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,480-2,500 yuan ($405-409) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,520-2,530 yuan ($412-413) per tonne, including VAT. – source: Steel First

• China, base export transaction prices for commercial-grade, chromium-added plate, $360-365 per tonne fob, late June/July shipment. East China, domestic, commercial-grade 14-20mm plate, traded at 2,440-2,460 yuan ($399-402) per tonne, including VAT. – source: Steel First

 

Steel Prices in Other Countries

Scrap

• The average prices for scrap in Italy over March were: for new arisings E8 €255-260/mt, for shredded E40 €260-265/mt and for demolition scrap E3 €240-245/mt. - source: Platts

 

Semis

• Platts assessed CIS billet at $375/metric ton FOB Black Sea Wednesday, stable on day. - source: Platts

 

Bar/ Wire rod

• Platts assessed the export price for 6.5mm diameter SAE1008 wire rod at $350-360/metric ton FOB, flat from the previous assessment on April 29. - source: Platts

 

• Steel First's price assessment for Southern European rebar exports was stable at €410-420 ($457-468) per tonne fob main local port on Wednesday, unchanged from last week, although most price discussions had moved to the higher end of the range.  - source: Steel First

 

• Prices for commodity-grade, 40-80mm square hollow sections remained stable week-on-week at €510-530 ($568-591) per tonne delivered in Northern Europe, and €475-485 ($529-541) per tonne delivered in Southern Europe. - source: Steel First

HRC/P

• Low-priced import offers from the CIS also still continued to pressure Turkish mills' quotations. Ukrainian mills were offering HRC at $365-375/mt CFR to Turkey, while Russian offers were around $5-10/mt higher - source: Platts

 

• Steel First's weekly price assessment for hot rolled coil (HRC) imports into Northern Europe was €380-400 ($424-446) per tonne cfr main ports on Wednesday May 6, up from €370-380 ($412-424) per tonne. - source: Steel First