Steel price report as of June 27, 2013

Posted on 27 June 2013
 

China’s Steel prices

Long steel prices

-       China’s spot prices for 6.5mm diameter Q195 wire rod sourced from Jiujiang Iron & Steel were lingering at about Yuan 3,270-3,290/metric ton ($529-533/mt) with 17% VAT on June 26 – source: SBB

-       Northern China’s major steelmaker Hebei Iron & Steel (Hegang) has slashed its rebar contract price for June by Yuan 160/metric ton ($26/mt) from May’s contract price. Price for 18-25mm diameter HRB400 rebar at Yuan 3,450/mt with 17% VAT – source: SBB

Flat steel prices

-       China’s Q235 5.5mm HRC prices were around Yuan 3,430-3,460/metric ton ($558-563/mt) with 17% VAT in Shanghai and Yuan 3,480-3,530/mt with VAT in Guangdong's Lecong steel market, down Yuan 10/mt and Yuan 45/mt, respectively from the previous day – source: SBB

-       Transactions for commercial-grade, boron-containing plate were at $500-505 per tonne fob on Wednesday June 26 for August shipment, down $5 per tonne from Steel First’s price assessment of $505-510 per tonne fob last Friday – source: MB

Steel Prices in other countries

Scrap

-          Scrap price in USA remained unchanged. The average prices of the US’s H1 scrap in Pittsburgh, Chicago and Philadelphia were at US$325.83/long ton on June 24th, 2013 – source: Yieh

Semis

-          LME three-month steel billet contract prices rose to $160-180 per tonne on Wednesday June 26, from $155-175 per tonne on Tuesday – source: MB

Bar

-          Rebar prices in South Europe are now pegged at €425/metric ton FOB with loading in 20 days to Algeria, down by €5/mt over the last ten days– source: SBB

-          Spanish domestic rebar prices continued to fall during the last two weeks on the back of lower scrap costs and weak demand at €180-185/mt base (€430-435/mt ex-works effective) – source: SBB

HRC

-          Transaction prices for IS 2062 grade A/B structural HRC, 3mm thick and above, presently average Rupees 33,750-34,250/metric ton ($564-572/mt) ex-works – source: SBB

-          Offer prices for hot rolled coil (HRC) imports to India, mainly from China, have increased this week by at least $10 to $540-545 cfr Mumbai for August shipments – MB

 

 



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