Steel price report as of November 13, 2014

Posted on 13 November 2014
 

Steel Prices in China

Long steel

  • Some traders cut offer prices for material from Jiujiang Wire Rod to $423-426/mt FOB Wednesday after the mill's weekly bidding price for domestically sold rod fell by Yuan 40/mt ($7/mt) the same day. Offers were at $432-435/mt FOB last week – source: Platts

  • Export prices for January shipment 16-32mm boron-containing rebar were at $415-420 per tonne fob on a theoretical weight basis on Wednesday November 12, flat for a second week – source: MB

 

Flat steel

  • Baosteel saw significant slash of November stainless steel ex-works prices. 304 CR prices down 1000 yuan per tonne; 304 HR prices down 1500 yuan per tonne; 400 series CR prices down 300 yuan per tonne; 430 HR price down 900 yuan per tonne; other 400 series HR price down 300 yuan per tonne; BN series price down 400 yuan per tonne. – source: SteelHome

 

Steel Prices in Other Countries

 

Scrap

  • US containerized sales of HMS I/II 80:20 were concluded in the range of $284-286/mt CFR Taiwan on Wednesday, down from $290-295/mt last week – source: Platts

  • US West Coast containerized HMS 80:20 fell to $260-265/mt FAS Port of Los Angeles on Wednesday, the midpoint is down $7.50/mt on day – source: Platts

Semis

  • Platts assessed CIS-origin billet at $448/mt FOB Black Sea Wednesday, stable on day – source: Platts

Bar/ Wire rod

  • Steel First's weekly price assessment for Southern European mesh-quality wire rod exports held steady at €420-430 ($522-547) per tonne fob main local port on November 12 – source: MB

  • Steel First's price assessment for domestic rebar in Northern Europe stood unchanged week-on-week at €455-470 ($566-584) per tonne delivered on Wednesday – source: MB

HRC/P

  • Steel First's weekly assessment of domestic base prices for HRC in Northern Europe stayed at €410-425 ($510-528) per tonne ex-works on November 12 – source: MB

  • Hot rolled coil from European mills kept in the range of €415-420/mt base delivered, a level which makes offers from overseas unattractive – source: Platts

  • Transaction levels heard for IS 2062 grade A/B structural HRC, 3mm thick and above remained at rupees 33,500- 34,500/metric ton ($544-560/mt) ex-works last week – source: Platts

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