News Room - Steel Prices

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 1,950-2,000 yuan ($318-326) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 1,960-1,970 yuan ($320-321) per tonne, including VAT. - source: Steel First

• Platts assessed Q235 HRC 5.5mm thick in Shanghai at Yuan 1,980-2,010/metric ton ($319-324/mt) ex-stock with 17% VAT Thursday, implying a midpoint of Yuan 1,995/mt, and up Yuan 55/mt from Wednesday. - source: Platts

Steel Prices in Other Countries

Scrap

• Prices for containerized Taiwanese imports of HMS # 1&2 80:20 plummeted by $20 a ton to $200 a ton CFR Taiwan port in the week ended July 03. - source: Steel Index

• Turkish domestic scrap prices already fell under $240/mt with mills' latest price cuts (see related article), while imported HMS 1&2 80:20 scrap prices also shows signs of falling under $240/mt CFR. - source: Platts

• Turkey's largest integrated steelworks, the Erdemir group's Eregli plant in northern Turkey, decreased its buying price for DKP scrap by TRY 20 ($7.5)/mt to TRY 665 ($248)/mt as of July 9, Platts learned from the company. - source: Platts

Semis

• Offer prices for Chinese 120mm Q275 billet were at $320-325/mt CFR Manila Thursday down from $330/mt CFR on Tuesday and $335-338/mt CFR last Friday. - source: Platts

• Offer prices for Chinese billet are also lower elsewhere in the region. In Vietnam, traders reported seeing offers for 150mm Q235 billet at $295-300/mt CFR Haiphong compared to $305/mt CFR on Tuesday. Freight costs from China are around $10/mt. . - source: Platts

• For 130mm Q235 billet, bids are at $300/mt CFR Indonesia, offers at $310/mt CFR, a regional trader said. Freight costs to Jakarta are around $15/mt. Chinese 120/130mm billet normally fetches $5-10/mt more than 150mm billet. Also, Q275 billet commands a $5/mt premium over Q235 billet. - source: Platts

• Some Turkish mills began to offer standard billet at $360/mt ex-works, while Chinese offers were as low as $315-320/mt CFR Thursday, with discounts still available for sizeable bookings. - source: Platts

• Platts assessed CIS billet at $335/metric ton FOB Black Sea Thursday, unchanged on day. - source: Platts

Bar/ Wire rod

• Turkey, export, wire rod, traded at $450 per tonne cfr Houston, New Orleans (USA).  Turkey, export, rebar, traded at $415-420 per tonne cfr Houston, New Orleans (USA), on a theoretical weight basis. - source: Steel First

• Malaysia, domestic, mills offering 16-32mm rebar at 1,640-1,650 ringgit ($431-433) per tonne delivered, excluding GST. Malaysia, domestic, mills offering 10-12mm rebar at 1,740-1,750 ringgit ($457-459) per tonne delivered, excluding GST. - source: Steel First

• Southern Taiwan's rebar mills have tried to hold their rebar base prices at around NT$12,000/ton. – source: Yieh

HRC/P

• Russia, domestic, 20mm plate, offered at 30,700 roubles ($543) per tonne cpt Moscow, including VAT. - source: Steel First

• ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) declined further by $6 a ton to $348 a ton in the week ended July 03. - source: Steel Index

• Platts held its HRC price assessment Thursday at $460-$470/st and its cold-rolled coil assessment at $580-$590/st. All prices are normalized to a Midwest (Indiana) ex-works basis. - source: Platts