News Room - Steel Prices

Posted on 24 Jun 2015

Steel price report as of June 24, 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	2300	2310	2300	2260	2350	2400	2400	2320	2350	2400	2400	2600	2220
螺纹钢 Rebar HRB400	Φ16mm	2130	2130	2140	2110	2230	2260	2280	2300	2350	2400	2210	2650	2140
角钢 Angle Bar Q235	5#	2490	2500	2460	2600	2650	2640	2480	2490	2630	2870	2750	2800	2670
中厚板 Plate Q235	20mm	2300	2160	2350	2170	2210	2300	2180	2300	2400	2650	2420	2560	2290
热板卷 HRC Q235	3.0mm	2400	2340	2300	2420	2460	2480	2420	2400	2550	2800	2480	2560	2730
冷薄板 CRS SPCC	1.0mm	3230	3150	3250	2890	2940	3210	3100	2830	3050	2920	3000	3130	3270

Source: China Iron and Steel Association

 

Long steel

• The average price of 6.5mm Q235 high speed wire rod dropped by 9 yuan per tonne from the previous trading day to 2,321 yuan per tonne and that of 20mm HRB400 rebar dropped by 13 yuan per tonne to 2,185 yuan per tonne. – source: SteelHome

 

 

Flat steel

• Platts assessed SS400 HRC 3.0mm and above thick at $340-345/metric ton FOB China Tuesday, implying a midpoint of $342.50/mt, level with last Friday. No deal was heard concluded on Tuesday, the first trading day after the three-day Dragon Boat Festival in China. – source: Platts

 

• In the Shanghai dealer market, Platts assessed Q235 5.5mm HRC at Yuan 2,280-2,310/mt ($367-372/mt) ex-stock with 17% VAT, down by Yuan 10/mt from last Friday. – source: Platts

 

• SteelHome daily price assessment of 8mm medium plate in China reached 2,579 yuan per tonne, down 11 yuan per tonne from the previous trading day. – source: SteelHome

 

• The average price of 2.75mm hot-rolled coil in China down by 7 yuan per tonne from the previous trading day to 2,465 yuan per tonne while that of 1.0mm cold-rolled coil down by 4 yuan per tonne to 3,051 yuan per tonne. – source: SteelHome

 

Steel Prices in Other Countries

Scrap

• Taiwanese import prices of 80:20 (in container) dipped $5/mt week-on-week at $228/mt CFR Taiwan port last Friday. - source: The Steel Index

 

Semis

• Platts assessed CIS billet at $358/metric ton FOB Black Sea Monday, down $1/mt from Friday. - source: Platts

 

• Slab price FOB Black Sea has dropped more than 40% in the past 12 months from $520/mt to $290/mt. - source: Platts

 

 

Bar/ Wire rod

• Current market prices of SS400 senior-sized H-beams in Tokyo are around Yen 77,000-78,000/metric ton ($626-634/mt) while those for SD295 base sized rebars (16-25mm) are at Yen 58,000-59,000/mt ($472-480/mt). - source: Platts

 

• Platts assessed Turkish export rebar at $435/mt Tuesday, stable on the previous day. - source: Platts

 

HRC/P

• Platts increased the high end of its daily HRC assessment to $470/st from $465/st, making for a range of $460-$470/st. The daily cold-rolled coil assessment was stable at $570-$590/st. All prices are normalized to a Midwest (Indiana) ex-works basis. - source: Platts

 

• Italian prices for HRC are quoted now around €380-375/mt base ex-works from mills such as Ilva, Valsider and Arvedi, while ArcelorMittal is €10/mt more expensive. Delivery time is reported to be August-beginning of September. - source: Platts

 

• Platts kept its assessment of northwest European hot rolled coil stable Tuesday at €390/metric ton ex-works Ruhr. - source: Platts