Steel price report as of July 25, 2013

Posted on 25 July 2013
 

China’s Steel prices

Long steel prices

-       On Beijing’s dealer market, spot prices for 18-25mm diameter HRB400 rebar sourced from Hebei Iron & Steel (Hegang) were assessed at Yuan 3,500-3,510/metric ton ($567-569/mt) with 17% VAT, compared with Monday’s Yuan 3,450-3,470/mt – source: SBB

-       In Shanghai, grade III rebar was traded at 3,450-3,630 yuan ($559-588) per tonne, 10 yuan ($2) per tonne higher than prices on Monday – source: MB

Flat steel prices

-       Some major Chinese cold rolled coil producers have increased their export offer prices for SPCC 1.0mm CRC to $610-620/metric ton FOB, up around $20/mt from early this month – source: SBB

Steel Prices in other countries

Scrap

-          China’s largest scrap consumer Shagang, after shelving imports for months, booked four bulk cargoes of US material at about $360-365 cfr per tonne this week – source: MB

-          Japanese offer prices for H2 grade scrap for export through Tokyo Bay were at Yen 32,500-33,000/metric ton ($327-332/mt) FOB, indicating a slight increase of Yen 500/mt from last week – source: SBB

Semis

-          The London Metal Exchange’s three-month steel billet official contract price moved up $10 on Wednesday July 24, to $140-150 per tonne However, cash prices for the semi-finished product edged down $5, to $110-120 per tonne – source: MB

Bar/Wire rod

-          Taiwan’s import prices of large-diameter wire rods surged substantially by TWD 1,578 per tonne from a month ago to TWD 22,315 per tonne, rising for consecutive 4th months – source: Steelguru

HRC/P

-          Turkish flat steel producers were asking for a minimum price of $600-610 per tonne ex-works for hot rolled coil (HRC) on Wednesday July 24, up from $590-600 per tonne ex-works last week – source: MB

 

 



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