News Room - Steel Prices

Posted on 13 Aug 2015

Steel price report as of August 13, 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	2090	2200	2300	2340	2430	2290	2320	2430	2300	2460	2390	2400	2220
螺纹钢 Rebar HRB400	Φ16mm	2040	2040	2100	2200	2180	2090	2240	2370	2310	2420	2300	2440	2150
角钢 Angle Bar Q235	5#	2350	2350	2360	2290	2370	2360	2300	2330	2570	2780	2670	2700	2500
中厚板 Plate Q235	20mm	2120	2090	2150	2100	2140	2120	2140	2210	2200	2430	2230	2350	2130
热板卷 HRC Q235	3.0mm	2210	2200	2200	2190	2200	2250	2220	2130	2400	2500	2200	2450	2500
冷薄板 CRS SPCC	1.0mm	2930	2800	3000	2550	2630	2800	2780	2500	2800	2760	2720	2900	2860

Source: China Iron and Steel Association

 

Long steel

• Platts assessed 18-25mm diameter HRB400 rebar down by Yuan 10/metric ton ($2/mt) at Yuan 2,040-2,060/mt ($323-326/mt) ex-stock, actual weight and including 17% VAT. This followed a price jump of Yuan 95/mt over the previous week – source: Platts

• Tangshan billet prices were prevailing at Yuan 1,850/mt ($292/mt) on Wednesday, up Yuan 20/mt from Tuesday. Prices were at Yuan 1,880/mt ($297/mt) on August 5. - source: Platts

 

• Platts Wednesday assessed 6.5mm mesh-quality wire rod unchanged on week at $310-314/mt FOB China, implying a midpoint of $312/mt FOB. - source: Platts

 

• East China, domestic, grade-III 16-25mm rebar, traded at 2,100-2,150 yuan ($338-346) per tonne, including VAT. North China, domestic, grade-III 16-25mm rebar, traded at 2,000-2,080 yuan ($322-334) per tonne, including VAT. - source: Steel First

 

Flat steel

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,010-2,030 yuan ($323-326) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,120-2,130 yuan ($341-342) per tonne, including VAT. - source: Steel First

• Platts assessed SS400 HRC 3.0mm thick at $312-318/metric ton FOB China, implying a stable midpoint of $315/mt. - source: Platts

 

• In Shanghai, domestic commercial-grade 14-20mm plate was traded at 2,170-2,210 yuan ($340-346) per tonne including VAT on Wednesday. - source: Steel First

 

• China, base export transaction prices for commercial-grade, chromium-added plate, $305-310 per tonne fob, September shipment.  - source: Steel First

 

Steel Prices in Other Countries

Scrap

• The average prices of H1 scraps in Pittsburgh were at US$209.5/long ton, dropping by US$25/long ton; those in Chicago were at US$224.5/long ton, reducing by US$24/ton; and those in Philadelphia were at US$198.5/long ton, decreasing by US$45/long ton. - source: Yieh

 

• Turkey, import; 31,000 tonnes of HMS 1&2 (80:20) at $238 per tonne, 4,000 tonnes of bonus at $248 per tonne cfr; August 12, from the Baltic Sea.

 

• Turkey, import, 10,000 tonnes of HMS 1&2 (80:20) at $233.50 per tonne cfr, August 12, from the UK.  - source: Steel First

 

Semis

• In Vietnam, 150mm Q235 billet was offered at $305/mt CFR, down from $315-320/mt CFR Vietnam on Tuesday. Last week, 150mm Q255 billet was booked at $310/mt CFR Vietnam. - source: Platts

 

• Steel First last assessed import prices for slab in Southeast Asia and East Asia at $285-305 per tonne cfr, in the week of August 4-10. This price was unchanged from the two previous weeks. - source: Steel First

 

• Platts assessed CIS billet at $324/metric ton FOB Black Sea Wednesday, stable on day. - source: Platts

Bar/ Wire rod

• Malaysia, domestic, 16-32mm rebar, offered at 1,580-1,600 ringgit ($401-406) per tonne delivered, excluding 6% GST. Malaysia, domestic, 10-12mm rebar, offered at 1,680-1,700 ringgit ($427-432) per tonne delivered, excluding 6% GST. - source: Steel First

 

• Steel First assessed Southeast Asia import rebar prices at $300-310 per tonne cfr on August 10, widening upward from $300-305 per tonne cfr a week ago. - source: Steel First

 

• Turkey, export, rebar, traded at $398 per tonne cfr, theoretical weight basis, to the UAE. - source: Steel First

 

• On Wednesday, Platts maintained its daily rebar import price assessment at $385-$390/st ($424-$430/mt) CIF Houston. - source: Platts

 

HRC/P

• Platts assessed European hot rolled coil unchanged Wednesday at €378-382/mt ex-works Ruhr. - source: Platts

 

• Russia, export (MMK), hot rolled coil, offered at $345 per tonne cfr to Turkey, September production, October shipping. - source: Steel First