Steel price report as of April 23, 2014

Posted on 23 April 2014
 

Steel Prices in China

 

Long products

-          On Beijing’s retail market, spot prices for 18-25mm diameter HRB400 rebar sourced from Hebei Iron & Steel were assessed at Yuan 3,240-3,260/metric ton ($519-523/mt) actual weight with 17% VAT, slightly down from Monday’s Yuan 3,250-3,260/mt – source: SBB

Flat products

-          Domestic prices for Q235 5.5mm HRC were Yuan 3,340-3,370/mt ($542-547/mt) with 17% VAT in Shanghai, down Yuan 10/mt from Monday – source: SBB

-          Domestic prices for HRC at Guangdong's Lecong market were Yuan 3,520- 3,550/mt with VAT, mostly unchanged – source: SBB

-          Transactable prices of grade 304 3mm thick hot rolled coil and 2mm thick cold rolled coil at Yuan 15,600-16,000/mt ($2,524-2,589/mt) and Yuan 16,200-16,600/mt ($2,621-2,686/mt) respectively on Tuesday – source: SBB

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Steel Prices in other countries

 

Scrap

-          The US H1 scrap prices averaged at US$375.17/long ton on April 21st, remaining unchanged from a week ago – source: Yieh

Semis

-          Offers for South Korea-origin billet to the Philippines were pegged at $535-540 per tonne cfr, unchanged from two weeks ago – source: MB

-          Chinese billet was heard offered at around $525 per tonne cfr Manila – source: MB

-          Offers into Indonesia and Thailand were heard this week at $530-535 per tonne, edging down from the $535-540 per tonne cfr seen two weeks ago, with one Russia-origin cargo heard booked into Thailand at $530 per tonne cfr – source: MB

Bar/ Wire rod

-          Domestic mesh-quality wire rod prices in both Northern and Southern Europe on Wednesday were €460-465 ($635-642) per tonne delivered for April and May rolling, compared with €460-470 per tonne previously – source: MB

-          Steel First's price assessment for A500 12mm rebar stood at 23,000-23,100 roubles ($637-640) per tonne cpt Moscow, including VAT, on partial prepayment terms, on Monday April 14 – source: MB

-          European locally sourced rebar continued to sell at €485-495 ($670-684) per tonne delivered for April and May rolling, unchanged week-on-week – source: MB

 

HRC/P

-          Steel First's export price assessment for CIS-origin HRC stood at $510-535 per tonne fob Black Sea on Monday April 21, unchanged for three weeks now – source: MB

 



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