Steel price report as of April 11, 2013

Posted on 11 April 2013

China’s Steel prices

Long steel prices

-       China’s prices of 6.5mm HPB235 up by RMB 5 per tonne to RMB 3,716 per tonne while prices of 20mm HRB335 up by RMB 4 per tonne to RMB 3,692 per tonne - source: SteelHome

Flat steel prices

-       Chinese prices of 2.75mm HRC rose by RMB 9 per tonne to RMB 4,036 per tonne while prices of 1.0mm CRC rose by RMB 2 to RMB 4,779 per tonne – source: SteelHome

-       China’s Q235 5.5mm HRC prices at RMB 3,850-3,880 per tonne ($621-626/mt) with 17% VAT in Shanghai and RMB 3,920-3,940/mt with VAT in Guangdong's Lecong steel market, both up by Yuan 20/mt from Tuesday – source: SBB

-       China’s commercial-grade HRC (4.5-12mm) was traded at 3,900-3,930 yuan ($623-627) per tonne in Shanghai, up 10 yuan ($2) per tonne for the day – source: MB

Steel Prices in other countries


-          The London Metal Exchange’s three-month steel billet contract price stayed unchanged at $185-195 per tonne on Wednesday April 10 – source: MB


-          Malaysian offers for rebar of 10-12mm diameter are at 2,340 ringgit ($768) per tonne on a locally delivered basis, down from 2,400 ringgit ($788) per tonne last week – source: MB

-          Rebar export prices from Spain, Italy and Portugal are now at €460-465 ($600-607) per tonne fob main port, unchanged from last week – source: MB


-          Turkish HRC producers also decreased their export offers to $585-595/mt FOB – source: SBB

-          Turkish domestic producers have this week decreased their prices to as low as $580 per tonne ex-works for hot rolled coil (HRC), down from $610-620 per tonne ex-works last week – source: MB



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