Posted on 06 Sep 2016
Steel price report as of September 6, 2016
Steel Prices in China
|
Average price
|
Price (yuan per ton)
|
Up/down (from the previous day)
|
|
8mm HPB300 high speed wire rod
|
2658
|
↑11
|
|
20mm HRB400 rebar
|
2605
|
↑10
|
|
2.75mm hot-rolled coil
|
3005
|
↑8
|
|
1.0mm cold-rolled coil
|
3505
|
↑6
|
|
8mm medium plate
|
3075
|
↑2
|
Source: SteelHome
Long steel
- East China, domestic, grade III 16-25mm rebar, traded at 2,460-2,500 yuan ($368-374) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 2,510-2,540 yuan ($376-380) per tonne, including VAT. – source: Metal Bulletin
- Platts assessed 16-20mm diameter BS500 rebar unchanged at $352-354/metric ton FOB China actual weight. - source: Platts
- In Beijing’s retail market Monday, spot prices of 18-25mm diameter HRB400 rebar were assessed at Yuan 2,565-2,575/mt ($384-386/mt) ex-stock actual weight including 17% VAT, up Yuan 20/mt on day. - source: Platts
Flat steel
- East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,790-2,810 yuan ($417-420) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,840-2,850 yuan ($425-426) per tonne, including VAT.– source: Metal Bulletin
- China, base export offer prices for commercial-grade, boron-containing HRC, $390-400 per tonne fob, October shipment. – source: Metal Bulletin
- Platts assessed SS400 HRC 3.0mm thick at $390-395/metric ton FOB China, flat from last Friday. - source: Platts
- In Shanghai’s dealer market the same day, Q235 5.5mm HRC was assessed at Yuan 2,790-2,800/mt ($418-419/mt) ex-stock with 17% VAT, also unchanged from last Friday. - source: Platts
Steel Prices in Other Countries
Scrap
- Metal Bulletin’s daily index for Northern Europe-origin HMS 1&2 (80:20) closed at $220.66 per tonne cfr, down by $0.09 per tonne day-on-day. - source: Metal Bulletin
- Tokyo Steel has announced that a ¥500 per tonne ($5) increase in H2-grade scrap buying prices will be applied at all of its facilities, except Utsunomiya, from Tuesday September 6. – Platts
Semis
- S&P Global Platts assessed its daily CIS export billet price at $325/metric ton FOB Black Sea Monday, stable on day. – Platts
- Metal Bulletin’s weekly price assessment for CIS slab exports was unchanged from the previous week at $320-325 per tonne fob Black Sea on Monday September 5. - source: Metal Bulletin
Bar/ Wire rod
- To Singapore, offers for Chinese rebar continued to hover around $365-370/mt CFR theoretical weight, equivalent to $363-368/mt FOB actual weight with $13/mt freight and 3% volume tolerance - source: Platts
- S&P Global Platts assessed Turkish export rebar at $375-$380/mt FOB Turkey Monday, with the midpoint of $377.50/mt FOB, stable on day. - source: Platts
- S&P Global Platts lowered its daily southeastern US rebar price assessment Friday to $490-$520/st ex-works. The price was not assessed Monday, due to the US Labor Day holiday. - source: Platts
HRC/P
- Chinese offers for SAE1006 2.0mm thick coil were unchanged at $420-425/mt CFR Vietnam. - source: Platts
- S&P Global Platts maintained its daily north European hot rolled coil assessment at €430-440/mt ex-works Ruhr on Monday. - source: Platts
