News Room - Steel Prices

Posted on 03 Aug 2016

Steel price report as of August 2, 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	2580	2470	2430	2520	2520	2550	2520	2390	2640	2670	2490	2760	2430
螺纹钢 Rebar HRB400	Φ16mm	2340	2390	2470	2300	2270	2290	2450	2420	2590	2790	2430	2720	2450
角钢 Angle Bar Q235	5#	2440	2450	2600	2500	2510	2580	2550	2650	2620	2830	2790	2660	2670
中厚板 Plate Q235	20mm	2490	2530	2560	2460	2500	2480	2550	2620	2640	2800	2860	2840	2630
热板卷 HRC Q235	3.0mm	2670	2670	2700	2730	2670	2790	2800	2620	2800	2960	2980	2930	2620
冷薄板 CRS SPCC	1.0mm	3400	3320	3200	3110	3100	3260	3280	3250	3250	3350	3180	3280	3400

Source: China Iron and Steel Association

 

Average price	Price (yuan per ton)	Up/down (from the previous day)
8mm HPB300 high speed wire rod	2569	↑17
20mm HRB400 rebar	2517	↑20
2.75mm hot-rolled coil	2819	↑11
1.0mm cold-rolled coil	3130	↑14
8mm medium plate	2974	↑12

Source: SteelHome

 

Long steel

• East China, domestic, grade III 16-25mm rebar, traded at 2,340-2,370 yuan ($353-357) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 2,350-2,380 yuan ($354-359) per tonne, including VAT. – source: Steel First

- source: Platts

 

  

Flat steel

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,690-2,720 yuan ($405-409) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,650-2,660 yuan ($399-400) per tonne, including VAT. – source: Steel First

 

• China, export, hot rolled coil, offered at $400-410 per tonne cfr, to Saudi Arabia.  – source: Steel First

 

Semis

 

• China, export, billet, offered at $335-345 per tonne cfr, to the UAE.
• Tangshan, domestic, billet, traded at 2,110 yuan ($318) 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 $222.86 per tonne cfr, unchanged day-on-day. - source: Steel First

 

• Over the past two weeks, import offer prices for HMS 1&2 (80:20) have been at $210/mt CFR Taiwan, up $10/mt on week, while China-origin billet is being offered at $325-330/mt CFR Taiwan, up over $20/mt, industry sources confirmed. - source: Platts

 

Semis

• CIS, export, slab, offered at $320 per tonne fob Baltic Sea.

 

• CIS, export, slab, offered at $315-320 per tonne fob Black Sea. - source: Steel First

 

• Steel First’s weekly price assessment for UAE billet imports was $335-338 per tonne cfr on Tuesday August 2, up from $315-320 per tonne cfr.  - source: Steel First

 

• In Europe, a trader claimed that CIS billet looked stronger this week based on scrap prices of around $230/mt CFR Turkey and Chinese offers at $320-325/mt FOB. - source: Platts

 

  

Bar/ Wire rod

• Turkey, export, rebar, traded at $375-380 per tonne cfr, theoretical weight, August shipping, to the UAE. - source: Steel First

 

• East China, domestic, grade III 16-25mm rebar, traded at 2,340-2,370 yuan ($353-357) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 2,350-2,380 yuan ($354-359) per tonne, including VAT. - source: Steel First

 

• Platts maintained its daily Turkish rebar export assessment at $380-$390/mt FOB Turkey, unchanged on day. - source: Platts

 

• Spot prices of rebar in Asia, Platts assessed 16-20mm diameter BS500 rebar Tuesday unchanged on day at $326-329/metric ton FOB China actual weight. - source: Platts

 

HRC/P

• US the plate price dropped by $12/st to $928/st FOB mill, and in Asia it was $2/mt lower. South European plate fell by €6/mt but in northern Europe the price increased by €8/mt to €509/mt ex-mill. - source: Platts

 

• Platts assessed North European hot rolled coil unchanged at €410-420/mt ex-works Ruhr Tuesday. - source: Platts

 

• HRC at $610-$630/st in US  - source: Platts