Steel price report as of December 19, 2013

Posted on 19 December 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 slipped by a further Yuan 10/metric ton from Tuesday to Yuan 3,360-3,370/mt ($550-552/mt) with 17% VAT – source: SBB


Flat steel prices

-       On December 18, 1.0mm thick DX51D HDG coils with 80 grams/square meter zinc coating were traded at Yuan 4,440-4,480/metric ton ($727-733/mt) ex-stock with 17% VAT in Shanghai, level with Tuesday but up Yuan 20/mt from Platts’ prior assessment on December 11 – source: SBB

-       China’s Shougang announced its Q235 material 4.75mm*1500*C factory price hot coil at about US$530/ton – source: Yieh


Steel Prices in other countries


-          Metal Bulletin’s daily index for HMS 1&2 (80:20) scrap delivered to Turkey remained flat on Wednesday as demand from the mills is still weak. The index closed at $383.53 per tonne cfr, unchanged day-on-day. – source: MB

-          A Korean mill booked one 40,000 mt bulk cargo of ferrous scrap from a US supplier at $407/mt CFR on an HMS No. 1 basis – source: SBB


-          Steel First’s price assessment for CIS billet stands at $500-505 per tonne fob Black Sea this week, flat from the previous seven days – source: MB



Bar/Wire rod

-          Nucor has raised rebar prices by $10 per ton for all new orders from Wednesday December 18 – source: MB

-          Taiwan's major rebar mill Feng Hsin has announced to hike its new price by NT$200/ton and most of other Taiwan's rebar mills have also followed Feng Hsin – source: Yieh


-          Indian domestic transaction prices for IS 2062 grade A/B structural HRC, 3mm thick and above, averaged Rupees 36,000-37,000/metric ton ($582-598/mt) ex-works Wednesday, unchanged since the start of December – source: SBB

-          US HRC pricing firm at $670-680/short ton – source: SBB


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