News Room - Steel Prices

Posted on 02 Nov 2015

Steel price report as of November 2, 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	1970	1990	1930	2120	2250	2240	2120	2280	2130	2200	2250	2410	2170
螺纹钢 Rebar HRB400	Φ16mm	1870	1870	1900	1960	2080	2010	2050	2090	2190	2150	2220	2330	2110
角钢 Angle Bar Q235	5#	2150	2150	2200	2220	2300	2320	2130	2200	2350	2570	2550	2600	2440
中厚板 Plate Q235	20mm	1930	1940	1910	1940	1950	1930	1980	2000	2030	2200	2170	2260	2000
热板卷 HRC Q235	3.0mm	1960	1910	2000	2080	2080	2080	2050	2080	2080	2270	2150	2360	2070
冷薄板 CRS SPCC	1.0mm	2750	2680	2850	2380	2380	2650	2600	2220	2500	2530	2620	2750	2730

Source: China Iron and Steel Association

 

Long steel

• Platts assessed 16-20mm diameter BS500 rebar unchanged on day at $253-255/metric ton FOB China actual weight, implying a midpoint of $254/mt FOB and the lowest level since Platts introduced the assessment nine years ago..- source: Platts

 

• East China, domestic, grade-III 16-25mm rebar, traded at 1,950-1,990 yuan ($308-314) per tonne, including VAT. North China, domestic, grade-III 16-25mm rebar, traded at 1,860-1,900 yuan ($294-300) per tonne, including VAT.  – source: Steel First

 

Flat steel

• Platts assessed SS400 HRC 3.0mm thick at $262-267/metric ton FOB China Friday, flat on day and lingering at the record low since Platts started tracking this market in January 2006.- source: Platts

 

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 1,860-1,880 yuan ($292-295) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 1,770-1,790 yuan ($278-281) per tonne, including VAT. – source: Steel First

Semis

• Tangshan, domestic, billet, traded at 1,620 yuan ($256) per tonne, including VAT, 3pm Beijing. - source: Steel First

Steel Prices in Other Countries

 

Scrap

• Platts daily US shredded scrap assessment was at $175-$185/lt delivered mill on Friday.  – source: Steel First

• Steel First's import price assessment for HMS 1&2 (80:20) from the USA was $138-144 per tonne cfr Taiwan for the week ending Friday October 30, up $3-4 from the $135-140 per tonne range of the preceding week. – source: Steel First

 

Semis

• Steel First assessed billet prices in Southeast Asia at $265-285 per tonne cfr for the week to Monday October 26, down from $265-290 per tonne cfr a week ago.  - source: Steel First

 

• Platts daily CIS Black Sea billet assessment remained stable at $263/mt FOB Black Sea Friday amid a wider range of estimations. - source: Platts

 

• Platts lowered its CIS slab assessment to $235-240/mt FOB Black Sea, down $5/mt from a week ago. - source: Platts

 

Bar/ Wire rod

 

• The Platts daily imported rebar price assessment held at $312-$330/st ($344-$366/mt) CIF Houston on Friday. - source: Platts

 

HRC/P

• Platts' monthly assessment for East Asia A36 grade 12-25mm thick plate or equivalent on October 30 was $280-305/mt CFR, compared with $280-310/mt CFR in end-September. The implied midpoint of $292.5/mt was down by $2.50 from the previous month. - source: Platts

 

• Platts maintained its hot-rolled and cold-rolled coil price assessments at $390-$410/st and $520-$540/st, respectively. All prices are normalized to a Midwest (Indiana) ex-works basis. - source: Platts

 

• Platts assessed north European hot rolled coil unchanged Friday at €330-340/metric ton ex-works Ruhr. – source: Platts

 

• Turkish Mill's were offering HRC at as low as $320-330/mt FOB, with discounts of around $10/mt still available for sizeable bookings. CRC export offers were at 410-420/mt FOB. - source: Platts