News Room - Steel Prices

Posted on 21 Jun 2016

Steel price report as of June 20, 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	2640	2400	2300	2400	2370	2470	2380	2340	2470	2660	2400	2690	2240
螺纹钢 Rebar HRB400	Φ16mm	2150	2120	2210	2100	2120	2220	2290	2190	2390	2790	2320	2650	2220
角钢 Angle Bar Q235	5#	2480	2450	2430	2500	2560	2560	2500	2580	2490	2730	2690	2740	2550
中厚板 Plate Q235	20mm	2280	2250	2350	2340	2410	2400	2330	2370	2470	2890	2700	2850	2470
热板卷 HRC Q235	3.0mm	2650	2630	2530	2680	2640	2730	2690	2700	2770	2950	2730	2860	2670
冷薄板 CRS SPCC	1.0mm	3400	3350	3200	2940	2940	3010	3020	2980	2930	3200	3000	3160	3340

Source: China Iron and Steel Association

 

Long steel

• East China, domestic, grade III 16-25mm rebar, traded at 2,040-2,070 yuan ($310-314) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 2,080-2,110 yuan ($316-320) per tonne, including VAT. – source: Steel First

 

• Platts assessed Beijing dealer prices for 18-25mm diameter HRB400 rebar at Yuan 2,135-2,145/mt ($324-326/mt) ex-stock actual weight and including VAT, up Yuan 20/mt ($3/mt) from the previous assessment last Friday. - source: Platts

 

Flat steel

• China, base export transaction prices for commercial-grade, boron-containing HRC, $330-335 per tonne fob, August shipment. – source: Steel First

 

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,500-2,530 yuan ($379-384) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,400-2,420 yuan ($364-367) per tonne, including VAT. – source: Steel First

 

• Platts assessed SS400 HRC 3.0mm thick at $327-334/metric ton FOB China Monday, with a midpoint of $330.50/mt down $2/mt from last Friday. In Shanghai’s dealer market, Q235 5.5mm HRC was assessed at Yuan 2,490-2,500/mt ($378-380/mt) ex-stock with 17% VAT, down by Yuan 10/mt from last Friday. - source: Platts

 

Semis

•  Tangshan, domestic, billet, traded at 1,830 yuan ($278) per tonne, including VAT, as at 3pm Beijing.   - source: Steel First

 

Steel Prices in Other Countries

 

Scrap

• Global scrap prices have been steadily rising of late, with the price of US containerized scrap to Taiwan, for example, up $13/mt on week as of June 17 to $204/mt, as Platts reported. - source: Platts

 

• The Platts weekly assessment for clean steel scrap is at 430/mt ($125/mt), based on a range of Real 410-450/mt for bids, offers and deals. - source: Platts

 

• The weekly heavy melting scrap I/II assessment also held steady at Real 410/mt, based on a Real 400-420/mt range. The last range was at Real 380-410/mt, also in mid-May. - source: Platts

 

Semis

• CIS, export, billet, offered at $330-350 per tonne fob Black Sea. - source: Steel First

 

• Platts maintained its weekly East Asian 120/130mm billet import assessment for the third consecutive week at $295-305/metric ton CFR Friday. - source: Platts

 

Bar/ Wire rod

• Platts assessed its daily rebar price at $395-400/mt FOB Turkey on Monday, down $2.5/mt on Friday. - source: Platts

 

• Feng Hsin’s rebar list price for this week becomes TWD 13,100/mt ex-works Taichung. - source: Platts

 

• S&P Global Platts maintained its US imported rebar assessment at $377-$386/st CIF Houston Monday. - source: Platts

 

HRC/P

• S&P Global Platts maintained its assessment of northern European hot rolled coil at €430-445/metric ton exworks Ruhr Friday. -source: Platts

 

• US HRC assessment unchanged at $630-$640/st. -source: Platts