Steel price report as of April 30, 2014

Posted on 30 April 2014
 

Steel Prices in China

 

Long products

-          In Beijing, prices for grade III rebar were at 3,190-3,230 ($517-524) yuan per tonne, up 20 yuan ($3) per tonne from Monday – source: MB

Flat products

-          China’s base export transaction prices for June shipment commercial-grade, boron-containing HRC were at $515-520 per tonne fob on Monday April 28, down $5 per tonne from a week ago – source: MB

-          Chinese export offers for the same product were flat over the same period, at $515-520 per tonne fob for June shipment – source: MB

-          Steel First's export price assessment for CIS-origin HRC stood at $520-545 per tonne fob Black Sea on Monday April 28, up from $510-$535 per tonne fob a week ago – source: MB

Steel Prices in other countries

 

Scrap

-          Metal Bulletin’s daily index for HMS 1&2 (80:20) scrap closed at $367.68 per tonne cfr on Tuesday April 29, unchanged day-on-day – source: MB

Semis

-          Slab imports were prevailing at $530-540/metric ton CFR East Asia this month – source: SBB

-          A trader in Taiwan said re-rollers were unlikely to accept a slab price higher than their last purchases of re-rolling slab at $520/mt CFR – source: SBB

-          Steel First's price assessment for CIS-origin export billet stood at $490-500 per tonne fob Black Sea on Monday, down from $500-505 per tonne on the same terms a week ago – source: MB

Bar/ Wire rod

-          The cargo of around 100,000 mt to UAE was sold at $577-585/mt CFR Dubai – source: SBB

-          Steel First's price assessment for rebar imports into the UAE was $570-580 per tonne cfr on a theoretical weight basis, up from $565-575 per tonne cfr the week before – source: MB

 

HRC/P

-          US HRC prices level at $680-690/st – source: SBB

-          Steel First's export price assessment for CIS-origin HRC stood at $520-545 per tonne fob Black Sea on Monday April 28, up from $510-$535 per tonne fob a week ago – source: MB

 



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