News Room - Steel Prices

Posted on 11 Apr 2016

Steel price report as of April 11, 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	2550	2530	2390	2500	2570	2540	2640	2500	2410	2710	2550	2840	2460
螺纹钢 Rebar HRB400	Φ16mm	2480	2500	2330	2380	2440	2430	2630	2410	2410	2670	2450	2840	2420
角钢 Angle Bar Q235	5#	2390	2450	2430	2380	2430	2460	2500	2450	2460	2700	2750	2850	2630
中厚板 Plate Q235	20mm	2550	2500	2460	2590	2660	2560	2530	2610	2640	2780	2770	2800	2590
热板卷 HRC Q235	3.0mm	2700	2750	2600	2650	2690	2750	2800	2650	2700	2760	2940	3000	2820
冷薄板 CRS SPCC	1.0mm	3370	3280	3250	3300	3320	3450	3260	3200	3450	3450	3350	3500	3300

Source: China Iron and Steel Association

 

Average price	Price (yuan per ton)	Up/down (from the previous day)
8mm HPB300 high speed wire rod	2689	↑103
20mm HRB400 rebar	2637	↑107
2.75mm hot-rolled coil	2889	↑86
1.0mm cold-rolled coil	3359	↑49
8mm medium plate	3031	↑74

Source: SteelHome

 

Long steel

• East China, domestic, grade-III 16-25mm rebar, traded at 2,350-2,370 yuan ($363-366) per tonne, including VAT.  North China, domestic, grade-III 16-25mm rebar, traded at 2,540-2,590 yuan ($393-400) per tonne, including VAT.  – source: Steel First

 

Flat steel

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,610-2,630 yuan ($403-406) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,640-2,660 yuan ($408-411) per tonne, including VAT. – source: Steel First

 

Semis

• Tangshan, domestic, billet, traded at 2,220 yuan ($343) per tonne, including VAT, 3pm Beijing.  - source: Steel First

Steel Prices in Other Countries

 

Scrap

• Platts assessed East Asian bulk HMS I/II 80:20 scrap at $240-$245/mt CFR Wednesday, up from the previous week's $235-$240/mt CFR. On Wednesday, Hyundai Steel was heard by Japanese and Korean trading sources to have bid H2 scrap at Yen 22,000/mt FOB ($199/mt), unchanged from its purchase prices in the previous week. Platts assessed its weekly H2 price at Yen 22,000-22,500/mt FOB Tokyo Bay, up from last week's assessment of Yen 22,000/mt FOB. The implied mid-point of Yen 22,250/mt FOB was Yen 250/mt up from last week. - source: Platts

• United States scarp steel will continue to rise in next week, it expects to push 80:20 container waste steel prices up to US$225-230/ton CNF.  - source: Yieh

 

Semis

• On Friday, April 8, Platts increased its weekly FOB Black Sea slab assessment to $328-333/mt FOB Black Sea, up $30/mt week-on-week. - source: Platts

 

• Platts assessed its daily CIS export billet price at $350/metric ton FOB Black Sea Friday, up $5/mt on day. - source: Platts

 

Bar/ Wire rod

• Platts' daily rebar assessment is at €375-385/mt ex-works northwest Europe Friday, stable on day. - source: Platts

• Platts raised its US rebar import price assessment to $404-$413/st CIF Houston on Friday, up from $386-395/st CIF. - source: Platts

 

• On Friday April 8, Platts increased its assessment of Russian 12-14mm rebar to rubles 23,050-23,390 ($339-344)/mt CPT Moscow, marking a week-on-week increase of rubles 2,000 ($32)/mt. - source: Platts

HRC/P

• Platts assessed SS400 HRC 3.0mm thick at $385-390/metric ton Friday, with the midpoint of $387.50/mt up $10/mt on the day. The same grade coil on a CFR East-Asia basis was assessed at $393-398/mt, up $14/mt on week. Q235 5.5mm HRC was assessed at Yuan 2,630-2,650/mt ($406-409/mt) ex-stock with 17% VAT, implying a midpoint of Yuan 2,640/mt up Yuan 50/mt on the day. - source: Platts

• Russia, export, hot rolled coil, traded at $410 per tonne cfr, to Turkey, June shipping. - source: Steel First

• Turkey, export, hot rolled coil, offered at $420-450 per tonne fob. - source: Steel First

• US HRC price assessment unaltered at $460-$480/st. - source: Platts