Steel price report as of May 26, 2014

Posted on 26 May 2014
Steel Prices in China


Long products

-         In Beijing, prices for grade III rebar were at 3,090-3,110 yuan ($500-504) per tonne, tightening downwards by 10 yuan ($2) per tonne from Tuesday's range – source: MB

-         China-origin 6.5mm diameter SAE1008 boron-added wire rod was offered at $493-495/mt CFR Philippines last week, down from offers at $500/mt CFR the previous week. Manila-based sources said Chinese suppliers would probably accept a bid at $490/mt CFR – source: SBB

Flat products

-         China’s Taiyuan Iron & Steel Group (Tisco)’s latest ex-factory prices of Q235 HRC with thickness of 5.5mm are at RMB3,200/ton; that of Q235 HRC with thickness of 5.5mm is at RMB3,200/ton – source: Yieh

Steel Prices in other countries



-         Taiwan’s Feng Hsin Iron & Steel's scrap purchasing price will be around NT$10,600~11,500/ton – source: Yieh



-         Black Sea billet prices remained stable again last week as sources reported few transactions and a range in the region of $492-495/mt FOB – source: SBB

Bar/ Wire rod

-         Turkish long steelmaker Kardemir cuts its domestic prices of rebar by a further TRY 16/metric ton ($8) from May 23. Its new sales price for round bar is now at TRY 1,239/mt ($595) ex-works, while the company’s 12mm diameter rebar price went down to TRY 1,222/mt ($587) ex-works – source: SBB

-         Taiwan’s Feng Hsin Iron & Steel's new rebar base price will be NT$17,600/ton – source: Yieh


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



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