Steel price report as of December 25, 2013

Posted on 25 December 2013
 

China’s Steel prices

Long steel prices

-       On Beijing’s dealer market Tuesday, spot prices for 18-25mm diameter HRB400 rebar sourced from Hebei Iron & Steel were assessed at Yuan 3,320-3,340/metric ton ($547-550) with 17% VAT, down another 10-20/mt ($2-3/mt) from Monday – source: SBB

-       The Chinese Long Product Price Index CLPPI has declined by 17 points, whereas the Chinese Flat Products Index CFPPI has also declined by 7 points. The overall price index CHISPI has gone down by 12 points.- source: Steel Guru

-       The average price of 6.5mm HPB235 high speed wire rod in Chinese major markets fell RMB 7 per tonne from the previous trading day to RMB 3,508 per tonne on Tuesday while that of 20mm HRB335 rebar reached RMB 3,504 per tonne, down RMB 10 per tonne – source: SteelHome

 

Flat steel prices

-       On Tuesday, SPCC 1.0mm CRC prices were Yuan 4,170-4,270/metric ton ($687-703/mt) with 17% VAT in Shanghai, and Yuan 4,180-4,230/mt in Guangdong's Lecong steel market, down Yuan 10/mt and Yuan 20/mt respectively from early last week – source: SBB

-       The average price of 2.75mm HRC in China market was steady at RMB 3,633 per tonne on Tuesday versus the previous trading day while that of 1.0mm CRC nudged down RMB 1 per tonne to RMB 4,434 per tonne – source: SteelHome

-       Prices of 8mm medium plate averaged RMB 3,860 per tonne on Tuesday, increasing by RMB 1 per tonne from the previous trading day – source: SteelHome

Steel Prices in other countries

Scrap

-          At the gates of the Saint-Petersburg port 3A scrap (equivalent to HMS 1&2 80:20) is selling for 9,100- 9,300 rubles/metric ton ($279-285); in south Russia’s Rostov-on-Don ports it fetches 9,350-9,400 rubles/mt excluding handling fees and 12.5% customs duty – source: SBB

Semis

-          The London Metal Exchange’s three-month steel billet contract price stood at $285-295 per tonne on Monday December 23, unchanged from Friday – source: MB

HRC/P

-          US HRC stays at $670-680/st ahead of holiday – source: SBB

-          The Chicago-based subsidiary of the world's biggest steelmaker is setting its minimum base prices for hot-rolled coil at $35 per hundredweight ($700 per ton) – source: MB

 



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