Posted on 16 Aug 2016
Steel price report as of August 15, 2016
Steel Prices in China
|
Average price
|
Price (yuan per ton)
|
Up/down (from the previous day)
|
|
8mm HPB300 high speed wire rod
|
2608
|
↑2
|
|
20mm HRB400 rebar
|
2558
|
↑4
|
|
2.75mm hot-rolled coil
|
2888
|
↑7
|
|
1.0mm cold-rolled coil
|
3227
|
↑8
|
|
8mm medium plate
|
3016
|
↓1
|
Source: SteelHome
Long steel
|
|
Today
|
Previous day
|
Daily change
|
|
Eastern China (Shanghai) grade III rebar (16-25mm) domestic
|
2,410-2,430 yuan ($363-366)
|
2,410-2,430 yuan ($363-366)
|
Unchanged
|
|
Northern China (Shanghai) grade III rebar (16-25mm) domestic
|
2,380-2,430 yuan ($359-365)
|
2,380-2,420 yuan ($359-365)
|
Unchanged
|
All prices are ex-warehouse, per tonne, including VAT
– source: Steel First
- Platts assessed 16-20mm diameter BS500 rebar at $342-343/metric ton FOB China, unchanged from Friday. - source: Platts
Flat steel
- East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,720-2,740 ($410-413) yuan per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,700-2,720 ($407-410) yuan per tonne, including VAT. – source: Steel First
- China, base export offer prices for commercial-grade, boron-containing HRC, $380-390 per tonne fob, October shipments. – source: Steel First
- The price of its September-delivery Q235 5.5mm HRC to 3,050 yuan ($460) per tonne, SPCC 1.0mm CRC to 3,825 yuan ($576) per tonne, and Q235 14-20mm plate to 3,200 yuan ($482) per tonne. All prices are on an ex-works basis, excluding VAT. The move comes in the wake of similar increases by central China’s Wuhan iron & Steel and eastern China’s Baosteel last week. The two major steelmakers raised their list prices by 150-200 yuan ($23-30) per tonne and 100 yuan ($15) per tonne, respectively. – source: Steel First
Semis
- As at 3pm, billet was being traded at 2,250 yuan ($339) per tonne including VAT in Tangshan, down 30 yuan ($5) per tonne from last Friday. Prices had fallen 40 yuan ($6) per tonne before recovering 20 yuan ($3) per tonne over the weekend, followed by another drop of 10 yuan ($2) per tonne on Monday afternoon. - source: Steel First
Steel Prices in Other Countries
Scrap
- Steel First’s weekly price assessment for domestic auto bundle (DKP grade) scrap was TRY615-655 ($208-222) per tonne delivered, unchanged week-on-week. - source: Steel First
- Prices for containerized Taiwanese imports of HMS # 1&2 80:20 dropped by $6 a ton to $198 a ton CFR Taiwan port. - source: The Steel Index
Semis
- S&P Global Platts assessed its daily CIS export billet price at $320/metric ton FOB Black Sea on Monday, unmoved on the day. - source: Platts
Bar/ Wire rod
- S&P Global Platts assessed the Turkish export rebar price at $382.50/mt FOB Turkey on Monday, stable on day. - source: Platts
- To Hong Kong, offers of Chinese rebar were mainly at $355-360/mt CFR actual weight, equivalent to $349-354/mt FOB assuming a freight rate of $6/mt, said a Hong Kong-based stockist. - source: Platts
HRC/P
- ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) shot up to $360 a ton during the week ended July 01, as per the latest figures released by The Steel Index.
- Turkey, domestic, hot rolled coil, offered at $410-420 per tonne ex-works, September production. - source: Steel First
- Russia, export (Severstal), hot rolled coil, offered at $385-390 per tonne cfr, to Turkey, for September production. - source: Steel First
- Platts kept its daily north European hot rolled coil assessment unchanged Monday at €415-420/metric ton exworks Ruhr. - source: Platts
- US cold-rolled coil prices stable at $800-$820/st - source: Platts
