Steel price report as of February 13, 2014

Posted on 13 February 2014
 

China’s Steel prices

Long steel prices

-            China’s average price of 6.5mm HPB235 high speed wire rod slipped RMB 8 per tonne to RMB 3,388 per tonne and that of 20mm HRB335 rebar reached RMB 3,378 per tonne, down RMB 13 per tonne – source: SteelHome

Flat steel prices

-       The average price of 2.75mm HRC in China market dropped RMB 3 per tonne to RMB 3,604 per tonne on Wednesday while that of 1.0mm CRC kept unchanged at RMB 4,403 per tonne – source: SteelHome

-       On Wednesday, Q235 5.5mm HRC prices were Yuan 3,420-3,440/mt with 17% VAT in Shanghai and Yuan 3,540- 3,570/mt with VAT in Guangdong’s Lecong steel market, down Yuan 5/mt and Yuan 20/mt respectively from the previous day – source: SBB

-       The average price of 8mm medium plate in China market kept flat at RMB 3,823 per tonne on Wednesday – source: SteelHome

 

Steel Prices in other countries

 

Scrap

-          The latest bookings to Turkey, down warded to $357.50-358/mt CFR Turkey HMS 80:20 basis – source: SBB

Semis

-          Cash prices for the semi-finished product also held steady at $355-365 per tonne, unchanged over the same period – source: MB

-          Platts daily assessment for billet prices dropped another $2/mt to $486/mt FOB Black Sea ports – source: SBB

Bars/Wire rods

-          Rebar exported from Italy, Spain and Portugal is now €450-460 ($615-628) per tonne fob main Southern European port, compared with €455-465 ($621-635) last week – source: MB

-          Export prices for mesh-quality wire rod from Spain, Italy and Portugal tracked rebar, falling to €460-470 ($628-642) per tonne fob main Southern European port, down from €465-475 ($635-649) previously – source: MB

-          Northern Europe’s locally-sourced rebar is now €490-€505 ($669-690) per tonne delivered for February production, down from €495-510 ($676-697) previously – source: MB

-          Platts daily assessment for Turkish exports was $555/mt FOB Turkish ports on Tuesday,  the lowest since August 2010 – source: SBB

-          Two mills in CIS were heard offering March rebar for $520-525/mt FOB Black Sea, whilst two international traders told of recent deals concluded by the same mills as low as $510-515/mt, low – $15-20/mt down from a fortnight ago – source: SBB

HRC/P

-          Imports of HRC are reported at €435-445/mt CIF Italian ports from India with May arrivals – source: SBB

 

 



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