Posted on 13 Jul 2016
Steel price report as of July 13, 2016
Steel Prices in China
Long steel
- East China, domestic, grade III 16-25mm rebar, traded at 2,260-2,300 yuan ($338-344) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 2,450-2,480 yuan ($366-370) per tonne, including VAT– source: Steel First
- Platts assessed 16-20mm diameter BS500 rebar Tuesday at $316-322/metric ton FOB China actual weight, up $6.5/mt from Monday. - source: Platts
- On Tuesday Platts assessed 18-25mm diameter HRB400 rebar at Yuan 2,565-2,595/mt ($384-388/mt) ex-stock actual weight, including 17% VAT, up Yuan 95/mt ($14/mt) on-day. - source: Platts
Flat steel
- China, export, hot rolled coil, offered at $385 per tonne cfr, to Saudi Arabia. – source: Steel First
- East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,660-2,680 yuan ($397-400) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,580-2,600 yuan ($385-388) per tonne, including VAT.– source: Steel First
- Platts assessed SPCC grade 1.0mm thick CRC at $388-392/metric ton FOB China Tuesday, implying a midpoint of $390/mt FOB – $7.5/mt up on the week. The export price spread between China-origin CRC and HRC was $27.5/mt on Tuesday. On the same day, Chinese domestic prices for same-grade CRC were assessed at Yuan 2,980-3,080/mt ($446-461/mt), up Yuan 125/mt on week. - source: Platts
- Platts assessed SS400 HRC 3.0mm thick at $360-365/metric ton FOB China Tuesday, implying a midpoint of $385.50 that was up $4/mt on day. In Shanghai’s dealer market, Q235 5.5mm HRC was assessed at Yuan 2,670-2,680/mt ($400-401/mt) ex-stock with 17% VAT, up Yuan 35/mt on day. - source: Platts
- Baosteel's Q235 5.5mm HRC price for August stays at Yuan 3,842/metric ton excluding 17% VAT. - source: Platts
Semis
- China, export, billet, offered at $315 per tonne cfr, to the UAE. - source: Steel First
- Tangshan, domestic, billet, traded at 2,060 yuan ($308) per tonne, including VAT, 3pm Beijing. - source: Steel First
Steel Prices in Other Countries
Scrap
- Steel First’s daily index for Northern Europe-origin HMS 1&2 (80:20) closed at $209.95 per tonne cfr, up by $8.20 per tonne day-on-day. - source: SteelFirst
- Turkish scrap exports have softened, scrap settlements discussed on Tuesday at $210-211/mt CFR. - source: Platts
Semis
- S&P Global Platts assessed its daily CIS export billet price at $312.50/metric ton FOB Black Sea Tuesday, stable on day. - source: Platts
Bar/ Wire rod
- Turkey, export, rebar, offered at $385 per tonne cfr on theoretical weight basis, to the UAE. - source: SteelFirst
HRC/P
- Platts maintained its north European hot rolled coil assessment at €415-420/mt ex-works Ruhr Tuesday. -source: Platts
- S&P Global Platts maintained its daily HRC and CRC assessments at $620-$640/st and $820-$840/st, respectively. Both prices are normalized to a Midwest (Indiana) ex-works basis. -source: Platts
- There was an increase of $14/metric ton or 4% in the weekly average of TSI’s daily reference prices for HRC in Asia to $367/mt CFR ASEAN port. Cold reduced coil and plate prices also gained ground in this region. -source: Platts
