Steel price report as of October 2, 2013

Posted on 02 October 2013

China’s Steel prices

Long steel prices

-       China’s rebar prices lost around 6% to Yuan 3,370-3,380/mt over September – source: SBB


Flat steel prices

-       China’s HRC prices dropped by 4% to Yuan 3,470-3,500/mt over September – source: SBB


Steel Prices in other countries


-          The Metal Bulletin daily index for HMS 1&2 (80:20) steel scrap delivered to Turkey closed at $355.74 per tonne cfr, up by $0.66 per tonne day-on-day – source: MB

-          A mill in the Marmara region booked a US cargo, comprising 14,000 tonnes of HMS 1&2 (80:20) at $365 per tonne, 10,000 tonnes of shredded at $370 per tonne and 2,000 tonnes of P&S at $375 per tonne cfr, on September 30 – source: MB


-          The London Metal Exchange’s three-month steel billet contract price rose to $235-240 per tonne on Tuesday October 1, from $230-235 per tonne on Monday – source: MB

-          CIS billet prices have continued to slide in the past week, reaching $490-495 per tonne fob Black Sea and Azov Sea, from $490-500 per tonne previously – source: MB

Bar/Wire rod

-          Turkish integrated long steelmaker Kardemir increased its bar prices for the domestic market as of October 1, by TRY 28/mt  to TRY 1,208/metric ton ($601) ex-works – source: SBB


-          Taiwanese re-roller Chung Hung Steel has lifted export prices of its hot rolled coils by $5-10/metric ton for November deliveries. The increase takes its prices to $570-580/mt FOB Taiwan – source: SBB

-          Turkish mills’ domestic HRC offers are now at $590-595/mt ex-works for November rolling, while Ukrainian mills were offering at $545-555/mt CFR Turkey, $5/mt lower than last week, and Russian offers were at $565-575/mt CFR


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