News Room - Steel Prices

Posted on 01 Mar 2016

Steel price report as of March 1, 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	2130	2000	2030	2100	2150	2060	2090	2060	2130	2280	2270	2640	2090
螺纹钢 Rebar HRB400	Φ16mm	1970	1940	1980	2000	2020	1910	2030	2070	2190	2250	2220	2560	2010
角钢 Angle Bar Q235	5#	2110	2100	2100	2070	2080	2130	2130	2100	2280	2500	2440	2520	2240
中厚板 Plate Q235	20mm	2120	2100	2000	2120	2110	2080	2100	2200	2220	2400	2300	2300	2160
热板卷 HRC Q235	3.0mm	2100	2100	2060	2140	2220	2250	2290	2250	2230	2400	2500	2600	2280
冷薄板 CRS SPCC	1.0mm	2830	2810	2870	2770	2930	2950	2810	2780	2760	2810	2860	2980	2800

Source: China Iron and Steel Association

 

Long steel

• On February 29, Platts assessed R3-length API J/K55 casing with buttress thread coupling and sizes of 177.8x8.05mm (7 inch, 23 lb/ft) from Chinese mills and finishing lines at $440-490/metric ton FOB Tianjin port, up about $5/mt from the month before. - source: Platts

• East China, domestic, grade-III 16-25mm rebar, traded at 1,890-1,930 yuan ($288-294) per tonne, including VAT. North China, domestic, grade-III 16-25mm rebar, traded at 1,930-1,940 yuan ($294-295) per tonne, including VAT. – source: Steel First

• The average price of 8mm HPB300 high speed wire rod increased 8 yuan per tonne from the previous trading day to 2,122 yuan per tonne on March 1 (Tuesday) and that of 20mm HRB400 rebar rose by 9 yuan per tonne to 2,053 yuan per tonne. – source: SteelHome

 

Flat steel

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,080-2,100 yuan ($317-320) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,020-2,030 yuan ($307-309) per tonne, including VAT. – source: Steel First

• China, base export offer prices for commercial-grade, boron-containing HRC, $295-300 per tonne fob, April shipment.  – source: Steel First

• Platts assessed export prices for SS400 12-30mm thick plate at $280-285/metric ton FOB on February 29, up by $15/mt from end-January. - source: Platts

• Platts assessed Q235 5.5mm HRC in Shanghai at Yuan 2,090-2,100/metric ton ($319-321/mt) ex-stock with 17% VAT Monday, implying a mid-point of Yuan 2,095/mt that was up Yuan 5/mt from last Friday. - source: Platts

• Platts assessed SS400 HRC 3.0mm thick at $295-300/metric ton FOB China, with a midpoint of $297.50/mt that was up $5/mt from last Friday. - source: Platts

• The average price of 2.75mm hot-rolled coil in China increased by 4 yuan per tonne from the previous trading day to 2,272 yuan per tonne on Tuesday while that of 1.0mm cold-rolled coil moved up 2 yuan per tonne to 2,796 yuan per tonne. – source: SteelHome

 

 

 

• SteelHome daily price assessment of 8mm medium plate in China reached 2,470 yuan per tonne on Tuesday, up 8 yuan per tonne from the previous trading day. – source: SteelHome

 

Semis

• Tangshan, domestic, billet, traded at 1,680 yuan ($256) per tonne, including VAT, 3pm Beijing.   - source: Steel First

 

Steel Prices in Other Countries

 

Scrap

• Prices for imported scrap also rose sharply to as much as $191/mt CFR in Turkish mills' latest purchases of HMS 1&2 (80:20) throughout last week. - source: Platts

• A steel producer in the Iskenderun region booked a European cargo, comprising 18,000 tonnes of HMS 1&2 (75:25) at $179.50 per tonne, 4,000 tonnes of shredded at $191 per tonne, 10,000 tonnes of HMS 1 at $193 per tonne and 3,000 tonnes of P&S at $195 per tonne cfr. The average price of the cargo was $186 per tonne cfr. - source: Steel First

Semis

• Kardemir's sales price for standard billet was at $299-304/mt ex-works on Monday, $7/mt higher than its previous list price, while its bloom prices were up by the same amount, to $407/mt. Other Turkish mills' domestic billet prices were in the range of $295-310/mt.- source: Platts

• Platts assessed its daily CIS export billet price at $257/metric ton FOB Black Sea on Monday, stable on day. - source: Platts

• Slab price in Asia, Platts' monthly assessment for base SAE1008, SAE1006 or equivalent grade slab on February 29 was $240-250/metric ton CFR compared to $235-245/mt CFR on January 29. The implied midpoint of $245/mt CFR is up $5from last month. - source: Platts

 

Bar/ Wire rod

• The Marmara-based company announced its sales prices for 12-32mm diameter rebar at TRY 1,250/mt ex-works for Istanbul and TRY 1,230/mt ex-works for Biga, Canakkale, equivalent to $358/mt and $352/mt respectively, without 18% VAT. The company's price for 10mm diameter rebar also went up to TRY 1,260/mt ex-works, while 8mm diameter rebar is now at TRY 1,270/mt ex-works for Istanbul. - source: Platts

• Platts assessed Turkish export rebar at $325/metric ton on Monday, stable from the previous assessment Friday. - source: Platts

HRC/P

 

• Platts assessed north European hot rolled coil unchanged Monday at €325-335/metric ton ex-works Ruhr. - source: Platts

 

• US HRC prices at $395-$420/st - source: Platts