News Room - Steel Prices

Posted on 14 Oct 2016

Steel price report as of October 13, 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	2770	2570	2500	2660	2730	2700	2570	2590	2760	2800	2720	2980	2570
螺纹钢 Rebar HRB400	Φ16mm	2480	2430	2450	2370	2450	2460	2560	2540	2730	2880	2660	2960	2580
角钢 Angle Bar Q235	5#	2520	2480	2720	2680	2690	2700	2730	2730	2730	2950	2820	3000	2760
中厚板 Plate Q235	20mm	2630	2570	2680	2550	2650	2630	2600	2630	2720	2990	2890	3100	2710
热板卷 HRC Q235	3.0mm	2920	2870	2840	2870	2840	2980	3000	2870	2980	3200	3040	3250	2990
冷薄板 CRS SPCC	1.0mm	3700	3700	3680	3560	3510	3460	3700	3480	3610	3650	3660	3540	3660

Source: CISA

 

Average price	Price (yuan per ton)	Up/down (from the previous day)
8mm HPB300 high speed wire rod	2688	↑14
20mm HRB400 rebar	2594	↑14
2.75mm hot-rolled coil	3015	↑11
1.0mm cold-rolled coil	3616	↑8
8mm medium plate	3071	↑10

Source: SteelHome

 

Long steel

• Platts assessed 16-20mm diameter BS500 rebar at $327-331/metric ton FOB China actual weight, unchanged on the day. – source: Platts

 

• In Beijing’s retail market on October 13, spot prices for 18-25mm diameter HRB400 rebar were assessed at Yuan 2,465-2,475/metric ton ($367-368/mt) ex-stock including 17% VAT, flat day-on-day. This marked its highest level since September 22. - source: Platts

 

 

Flat steel

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,820-2,830 yuan ($420-421) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,830-2,840 yuan ($421-423) per tonne, including VAT. – source: Metal Bulletin

 

• Platts assessed SS400 HRC 3.0mm thick at $380-383/metric ton FOB China Thursday, with the implied midpoint of $381.5/mt up $4/mt on day. source: Platts

 

• In Shanghai’s dealer market the same day, Q235 5.5mm HRC was assessed at Yuan 2,810-2,820/mt ($418-419/mt) ex-stock with 17% VAT, down Yuan 10/mt on day. – source: Platts

  

Semis

• As at 3pm, billet was being traded at 2,140 yuan ($318) per tonne including VAT in Tangshan, unchanged since Tuesday. – source: Metal Bulletin

 

Steel Prices in Other Countries

 

Scrap

• Metal Bulletin’s daily index for Northern Europe-origin HMS 1&2 (80:20) closed at $211.74 per tonne cfr on the day, falling by $1.58 per tonne compared with Wednesday. - source: Metal Bulletin

 

Semis

• Billet was booked from a CIS supplier at $340 per tonne cfr in early October, with offers from the region at $335-340 per tonne cfr. – source: Metal Bulletin

 

• S&P Global Platts assessed its daily CIS export billet price at $320/metric ton FOB Black Sea on Thursday, steady on the day. - source: Platts

 

 

Bar/ Wire rod

• To Hong Kong, offers for Chinese rebar were around $345/mt CFR actual weight, equivalent to $336/mt FOB assuming a freight rate of $9/mt, according to market participants. - source: Platts

 

• An eastern Chinese mill held its offer at $350/mt CFR Singapore theoretical weight ($347/mt FOB actual weight) while a second mill in the region quoted at $340/mt FOB theoretical weight, equivalent to $351/mt FOB actual weight with 3% volume tolerance. - source: Platts

 

• Metal Bulletin’s weekly price assessment for rebar exports out of Turkey on Thursday was $370-380 per tonne fob, up from $360-365 per tonne last week. Turkish mills were trying to increase their offers to $370-400 per tonne fob, while bids for the material came in around $370-375 per tonne. - source: Metal Bulletin

 

• Kardemir set its new sales price for rebar at TRY 1,172 ($379)/metric ton ex-works Wednesday, TRY 37 ($12)/mt higher than its previous list price. The company also determined its new sales price for standard billet Wednesday at $340-345/mt ex-works, also up $10/mt on its previous list price. Kardemir's list prices all exclude18% VAT. - source: Platts

 

HRC/P

• S&P Global Platts assessed European hot rolled coil unchanged at €450-460/metric ton ex-works Ruhr Thursday. - source: Platts

 

•  S&P Global Platts lowered its daily HRC assessment to $490-$500/st, down from $490-$510/st.  - source: Platts

 

• US HRC assessment falls to $490-$500/st  - source: Platts