News Room - Steel Prices

Posted on 14 Jun 2016

Steel price report as of June 14, 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	2630	2450	2330	2380	2360	2300	2340	2320	2500	2650	2410	2670	2230
螺纹钢 Rebar HRB400	Φ16mm	2200	2190	2200	2100	2160	2160	2250	2250	2360	2650	2320	2620	2200
角钢 Angle Bar Q235	5#	2520	2490	2430	2520	2540	2500	2500	2530	2460	2700	2650	2720	2590
中厚板 Plate Q235	20mm	2300	2300	2380	2340	2440	2370	2330	2400	2450	2860	2700	2820	2410
热板卷 HRC Q235	3.0mm	2700	2700	2550	2700	2670	2710	2700	2650	2840	2970	2710	2870	2660
冷薄板 CRS SPCC	1.0mm	3400	3350	3200	2860	2900	2970	3000	2800	2930	3300	2980	3160	3340

Source: China Iron and Steel Association

 

Long steel

• East China, domestic, grade-III 16-25mm rebar, traded at 2,080-2,120 yuan ($317-323) per tonne, including VAT. North China, domestic, grade-III 16-25mm rebar, traded at 2,200-2,210 yuan ($335-337) per tonne, including VAT.  – source: Steel First

 

• Platts assessed 16-20mm diameter BS500 rebar unchanged at $304/metric ton FOB China actual weight. - source: Platts

 

• Shagang’s price for 16-25mm diameter HRB400 rebar remains at Yuan 2,190/mt ($333/mt) theoretical weight including 17% VAT. The steelmaker also retains its HPB300 wire rod price unchanged at Yuan 2,310/mt including VAT. – source: Steel First

 

• Platts assessed Beijing dealer prices for 18-25mm diameter HRB400 rebar at Yuan 2,250-2,260/mt ex-stock actual weight and including VAT, up Yuan 35/mt from the previous assessment on June 8. – source: Steel First

 

 

Flat steel

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,580-2,620 yuan ($393-399) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,470-2,500 yuan ($376-381) per tonne, including VAT. – source: Steel First

 

Semis

 

• Tangshan, domestic, billet, traded at 1,850 yuan ($282) per tonne, including VAT, 3pm Beijing.   - source: Steel First

 

Steel Prices in Other Countries

 

Scrap

• The May monthly average of the daily benchmark index for Turkish imports of HMS #1&2 80:20 rose to $308.70 a ton CFR Iskenderun port, up 12.59% month-on-month from April.  - source: Scrap Register

 

• The daily index for Northern Europe-origin HMS 1&2 (80:20) closed at $225.07 per tonne cfr Turkey, unchanged from Friday’s index. - source: Steel First

• Prices at the Kanto Tetsugen monthly ferrous scrap export auction in Japan collapsed this month by an average of ¥7,234 ($68) per tonne from the previous period, reflecting worsened market conditions in Asia. - source: Steel First

 

• Taiwan’s Feng Hsin Steel has increased its domestic scrap purchase prices for the first time since the beginning of May, after making cuts totalling NT$2,600 ($81) per tonne. - source: Steel First

 

Semis

• Platts assessed its daily CIS export billet price at $310/metric ton FOB Black Sea Monday, up $5/mt on day. - source: Platts

 

• Platts had assessed its monthly price assessment for base SAE1008, SAE1006 or equivalent grade slab at end-May at $380-395/metric ton CFR, down from $395-400/mt CFR at end-April. - source: Platts

 

Bar/ Wire rod

• Japan’s wire rod exports average price was US$625.1/ton FOB -source: Yieh

 

• Japan’s leading mini-mill, Tokyo Steel Manufacturing, tabled a Yen 3,000/mt ($28/mt) rise in its rebar list prices for June after adding Yen 5,000/mt for sections and Yen 7,000/mt for rebar prices in May for current month sales, as reported. - source: Platts

 

• Platts assessed Turkish export rebar at $394/metric ton FOB Monday, stable from Friday. - source: Platts

 

• Taiwan May carbon steel wire rod exports prices were NT$16437/tons, down by 1.8% month on month. Main exports countries were Thailand, China and Vietnam.  -source: Yieh

 

HRC/P

• Turkey, domestic, hot rolled coil, offered at $500-520 per tonne ex-works, August production. Turkey, export, hot rolled coil, offered at $460-480 per tonne fob. - source: Steel First

 

• Russia (MMK), export, hot rolled coil, offered at $425-430 per tonne cfr, to Turkey. - source: Steel First

 

• Platts maintained its daily HRC and CRC assessments at $630-$640/st and $820-$840/st, respectively. Both assessments are normalized to a Midwest (Indiana) ex-works basis. -source: Platts

 

• The United States hot rolled coil price is about US$700/ton. It is expected hot rolled coil prices is a reasonable at US$850~900/ton. -source: Yieh