Posted on 30 Aug 2016
Steel price report as of August 30, 2016
Steel Prices in China
|
Average price
|
Price (yuan per ton)
|
Up/down (from the previous day)
|
|
8mm HPB300 high speed wire rod
|
2663
|
↓7
|
|
20mm HRB400 rebar
|
2616
|
↓8
|
|
2.75mm hot-rolled coil
|
3016
|
↓1
|
|
1.0mm cold-rolled coil
|
3506
|
↑1
|
|
8mm medium plate
|
3093
|
↓7
|
Source: SteelHome
Long steel
- East China, domestic, grade III 16-25mm rebar, traded at 2,420-2,450 yuan ($362-367) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 2,420-2,450 yuan ($362-367) per tonne, including VAT. – source: Metal Bulletin
- Platts assessed 16-20mm diameter BS500 rebar unchanged at $352-353/metric ton FOB China actual weight. - source: Platts
- In Beijing’s retail market on August 29, spot prices for 18-25mm diameter HRB400 rebar were assessed at Yuan 2,525-2,535/metric ton ($378-380/mt) ex-stock, including 17% VAT, flat from last Friday. - source: Platts
Flat steel
- East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,800-2,830 yuan ($419-424) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,850-2,860 yuan ($427-428) per tonne, including VAT. – source: Metal Bulletin
- Platts assessed SS400 HRC 3.0mm thick at $394-398/metric ton FOB China, up $2/mt from last Friday. In Shanghai’s dealer market Monday, Q235 5.5mm HRC was assessed at Yuan 2,830-2840/mt ($424-425/mt) exstock with 17% VAT, unchanged on day. – source: Platts
Semis
- Tangshan billet price: 2,330 yuan ($349) per tonne, down 20 yuan ($3) per tonne from Friday afternoon. Prices had dropped 50 yuan ($7) per tonne to 2,300 yuan ($344) per tonne before recovering 30 yuan ($4) per tonne over the weekend. – source: Metal Bulletin
Steel Prices in Other Countries
Scrap
- Metal Bulletin’s weekly price assessment for domestic auto bundle (DKP grade) scrap was unchanged at TRY620-665 ($210-226) per tonne delivered on Monday. - source: Metal Bulletin
Semis
- Metal Bulletin’s price assessment for CIS billet exports widened upwards to $315-326 per tonne fob Black Sea on Monday August 29, compared with $315-320 per tonne fob Black Sea last week. – Metal Bulletin
Bar/ Wire rod
- To Hong Kong, offers of Chinese rebar were at $365-370/mt CFR actual weight, equivalent to $356-361/mt FOB on the same basis, assuming a freight rate of $9/mt - source: Platts
- To Singapore, some Chinese traders quoted rebar at about $360/mt CFR theoretical weight, equivalent to $358/mt FOB actual weight with $13/mt freight and 3% volume tolerance, said a Singapore-based trader. - source: Platts
HRC/P
- S&P Global Platts widened its daily US HRC assessment range to $560-$600/st from $580-$600/st. - source: Platts
- US HRC price assessment slips to $560-$600/st
