News Room - Steel Prices

Posted on 22 Feb 2016

Steel price report as of February 22, 2016

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	1980	1920	1960	2080	2070	2020	2040	2030	2090	2180	2220	2600	2050
螺纹钢 Rebar HRB400	Φ16mm	1830	1830	1900	1920	1940	1830	1970	1970	2160	2180	2160	2520	1970
角钢 Angle Bar Q235	5#	2020	2050	2040	2020	2040	2060	2030	2040	2280	2500	2440	2500	2240
中厚板 Plate Q235	20mm	1910	1880	1880	2000	2010	2000	1900	2000	2180	2320	2170	2230	2000
热板卷 HRC Q235	3.0mm	2030	2020	2000	2070	2140	2150	2170	2170	2150	2350	2350	2500	2200
冷薄板 CRS SPCC	1.0mm	2790	2760	2810	2750	2800	2750	2710	2700	2680	2710	2820	2910	2800

Source: China Iron and Steel Association

 

Long steel

• Platts assessed 16-20mm diameter BS500 rebar unchanged on day at $254-259/metric ton FOB China actual weight. - source: Platts

• East China, domestic, grade-III 16-25mm rebar, traded at 1,860-1,900 yuan ($285-291) per tonne, including VAT.  North China, domestic, grade-III 16-25mm rebar, traded at 1,860-1,880 yuan ($285-288) per tonne, including VAT.  – source: Steel First

 

Flat steel

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,040-2,060 yuan ($313-316) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 1,960-1,980 yuan ($301-304) per tonne, including VAT.  – source: Steel First

 

• China, export, hot rolled coil, offered at $300 per tonne cfr, to South America's Pacific Coast.  – source: Steel First

• Platts assessed SS400 HRC 3.0 mm thick at $280-285/metric ton FOB China Friday, implying a midpoint of $282.50/mt, up $3/mt on day. - source: Platts

 

• Platts assessed Q235 5.5mm HRC among Shanghai dealers at Yuan 2,040-2,050/mt ($313-314/mt) ex-stock with VAT Friday, up Yuan 10/mt on day. On the Shanghai Futures Exchange, the most heavily traded HRC contract – that for May 2016 – closed at Yuan 1,992/mt, up Yuan 24/mt on the day. - source: Platts

 

Semis

• Tangshan, domestic, billet, traded at 1,640 yuan ($251) per tonne, including VAT, 3pm Beijing.  - source: Steel First

Steel Prices in Other Countries

 

Scrap

• Platts assessed its weekly H2 scrap price at Yen 17,300-17,500/mt ($152-154/mt) FOB Tokyo Bay Wednesday, up Yen 300-500/mt from last week's Yen 17,000/mt. - source: Platts

• Platts assessed East Asian bulk HMS I/II 80:20 scrap at $179-$184/mt CFR Wednesday, February 17, down from $180-$186/mt CFR the week before. The implied midpoint of $181.5/mt CFR was $1.50/mt lower on week.. - source: Platts

Semis

• On February 19, Platts raised its East Asian 120/130mm billet weekly assessment to $260-270/mt CFR from $255-260/mt CFR. The implied midpoint of $265/mt was $7.50/mt higher on week. - source: Platts

 

• Platts assessed its daily Black Sea billet price at $247.5/mt, up $2.50/mt on day. - source: Platts

 

• The Khouzestan Steel Company has already increased its billets export prices by $10/mt this week to around $250-255/mt FOB, according to the trade sources. - source: Platts

 

• Platts weekly FOB Black Sea slab assessment rose to $228-232/mt.  - source: Platts

 

 Bar/ Wire rod

• Platts lowered its US Southeast rebar price assessment to $455-$470/st ex-works on Friday, down from $470-$490/st - source: Platts

• Platts assessed Turkish export rebar stable at $315/mt on Friday, stable from Thursday. - source: Platts

 

HRC/P

• Turkey, domestic, hot rolled coil, offered at $325-350 per tonne ex-works, April production. - source: Steel First

 

• Ukraine, export, hot rolled coil, offered at $280-285 per tonne cfr, to Turkey. Russia, export, hot rolled coil, offered at $280-285 per tonne cfr, to Turkey. - source: Steel First

 

• Platts assessed north European hot rolled coil at €320-330/metric ton ex-works Ruhr Friday, taking the midpoint up by €2.50/mt on day. - source: Platts

 

• Platts put its daily assessment for HRC price at $255/mt FOB Black Sea, $5/mt up on day. CRC was assessed at $307.50/mt FOB, $2.50/mt up on day. - source: Platts

 

• Domestic plate pricing stood around $470-$490/st ex-works southeastern US mill last week. Import offers were heard as low as $385/st CIF Houston for material from Turkey and Russia and as high as $420/st for Mexican plate. - source: Platts