Steel price report as of October 20, 2014

Posted on 20 October 2014
 

Steel Prices in China

Long steel

  • China-origin 16mm and up diameter theoretical-weight rebar was booked at $420/mt CFR Singapore – source: Platts

  • The average price of 6.5mm Q235 high speed wire rod rose by 9 yuan per tonne from the previous trading day to 3,000 yuan per tonne on Monday and that of 20mm HRB400 rebar gained 8 yuan per tonne to 2,954 yuan per tonne – source: SteelHome

     

Flat steel

  • Platts lowered its assessment for Q235 5.5mm HRC in Shanghai to Yuan 2,970-2,990/metric ton ($484-487/mt) including 17% VAT Monday, down Yuan 10/mt on day – source: Platts

  • The average price of 2.75mm HRC in China market fell 4 yuan per tonne from the previous trading day to 3,234 yuan per tonne on Monday and that of 1.0mm CRC lost 1 yuan per tonne to 4,008 yuan per tonne – source: SteelHome

  • The average price of 8mm medium plate in China reached 3,409 yuan per tonne on Monday, down 4 yuan per tonne from the previous trading day – source: SteelHome

 

Steel Prices in Other Countries

 

Scrap

  • US East Coast shredded scrap prices have fallen $8/mt this week to $313/mt FOB East Coast – source: Platts

  • The index for USA-origin HMS 1&2 (80:20) scrap delivered to Turkey closed at $335.38 per tonne cfr, also up by $5.37 per tonne day-on-day – source: MB

Semis

  • Bids in Thailand for non-Chinese billet were at $470/mt CFR, while Korean material was offered at $477/mt CFR – source: Platts

     

HRC/P

  • Russian domestic 2-4mm HR sheet and coil unchanged, at 20,090-20,670 ($492-507) and 19,490-20,070 ($478-492) CPT Moscow respectively – source: Platts

  • Metal Bulletin sister title Steel First last assessed Southeast Asia HRC import prices at $490-500 per tonne cfr on October 13 – source: MB

  • AMM's assessment for hot rolled coil (HRC) fell to $32 per hundredweight ($640 per ton) from $32.50 per cwt ($650 per ton) previously, while cold rolled coil (CRC) slipped to $38.50 per cwt ($770 per ton) from $39.00 per cwt ($780 per ton) – source: MB

  • China Steel Corp announced its common steel plates at NT$20,500/ton; those for SS400 steel plates are at NT$19,600/ton and those for HR steel plates are at NT$18,490/ton – source: Yieh

 

 


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