Steel price report as of January 31, 2014

Posted on 31 January 2014
 

China’s Steel prices

Long steel prices

-          Tangshan (China), domestic, billet, traded on January 29 at 2,820 yuan ($462) per tonne, including VAT, 3pm Beijing time – source: Steel First

-          North China, grade-III rebar, traded at 3,200-3,220 yuan ($524-527) per tonne, including VAT – source: Steel First

Flat steel prices

-       Domestic prices for Q235 5.5mm HRC in Shanghai were also stable from the previous day at Yuan 3,430-3,450/mt ($566-570/mt) with 17% VAT – source: SBB

Steel Prices in other countries

Scrap

-          Another mill in the Iskenderun region booked a cargo from Baltimore, USA, comprising 30,000 tonnes of HMS 1&2 (85:15) at $385.50 per tonne cfr and 10,000 tonnes of P&S (plate and structural) scrap at $395.50 per tonne cfr – source: MB

-          The final containerized ferrous scrap sales from the US West Coast ahead of the Lunar New Year holiday were concluded this week in the range of $342-345/mt CFR Taiwan, HMS I/II (80:20 basis) – source: SBB

Semis

-          Turkey domestic billet assessed at $525-530 per tonne ex-works – source: Steel First

Bars/Wire rods

-          The sole integrated steelmaker in the United Arab Emirates, maintained its wholesale prices of rebar for February delivery at AED 2,241/mt ($610) ex-works – source: SBB

-          Egypt (Ezz Steel), domestic, rebar, offered at E£4,950 ($709) per tonne ex-works, including 8% sales tax and 1% withholding tax, February production – source: Steel First

HRC/P

-          The price range for domestically produced hot rolled coil (HRC) in Southern Europe moved up to €440-450 ($601-615) per tonne ex-works, from €430-440 per tonne ex-works on January 22 – source: MB

-          US HRC remains at $670-680/st – source: SBB

 



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