Steel price report as of December 22, 2014

Posted on 23 December 2014
 

Steel Prices in China

Long steel

  • The average price of 6.5mm Q235 high speed wire rod in China dropped by 7 yuan per tonne from the previous trading day to 2,841 yuan per tonne on Monday and that of 20mm HRB400 rebar declined by 10 yuan per tonne to 2,791 yuan per tonne - source: SteelHome

 

  • ·         In Beijing’s dealer market, the daily spot price for 18-25mm diameter HRB400 rebar dipped by Yuan 15/metric ton ($2/mt) on December 19, to Yuan 2,560-2,570/mt ($412-413/mt) actual weight including 17% VAT. Last Friday’s price marked a total price fall of Yuan 150/mt week-on-week. source: Platts

 

 

Flat steel

 

  • The average price of 8mm medium plate in China reached 3,316 yuan per tonne on Monday, down by 5 yuan per tonne from the previous trading day - Source: SteelHome

 

 

 

Steel Prices in Other Countries

Scrap

  • ·         Tokyo Steel Manufacturing cut its buying prices by Yen 500-1,000/mt ($4.2-8.4/mt) for all grades at all works and scrap yards effective December 20 arrivals. H2 buying prices at Tokyo Steel’s Utsunomiya works in northern Kanto became Yen 27,000/mt ($227.5/mt). With the latest price cut, Tokyo Steel’s total price reduction for this month hits Yen 2,500-3,500/mt.- source: Platts

 

  • ·         The Platts weekly assessment scrap import market in East Asia of HMS 80:20 scrap was unchanged at $300-310/mt CFR Friday. source: Platts

 

  • ·         The weekly reference price for Taiwanese HMS #1&2 80:20 scrap imports dropped $7/mt from a week earlier. source: Platts

 

  • ·         The weekly Indian containerized shredded scrap import reference price was unchanged from the previous week’s level at $325/mt CFR Indian West Coast port. source: Platts

 

Semis

  • ·         Platts assessed CIS-origin billet at $402.5/mt FOB Black Sea Friday, $2.50/mt down on day.- source: Platts

 

Bar/ Wire rod

  • ·         In September, two other major of the Mexican long product were Chile and Peru, with 11,001 mt ($7.53 million FOB) and 5,721 mt ($3.5 million FOB), respectively.- source: Platts
  • ·         The largest Moscow-based traders were offering 12mm A500C rebar at 29,800-29,900 roubles ($457-458) per tonne ex-warehouse in Moscow for lots of more than 15 tonnes, as of the morning of Friday December 19 – source: MB
  • ·         Steel First’s weekly CIS-origin export rebar price assessment was steady at $430-435 per tonne fob Black Sea on Monday – source: MB
  • ·         Feng Hsin Iron & Steel Co., one of the major steel long product manufacturers in Taiwan announced to remain its prices for rebar prices at NT$16,200/ton – source: Yieh

 

HRC/P

  • ·         Platts daily assessment of hot rolled coil in northwest European stood at €402.50/metric ton ex-works Ruhr Friday, unchanged on day.- source: Platts
  • ·         Metal Bulletin sister publication AMM’s price assessment for imported hot rolled coil slipped to $540 to $570 per short ton ($27 to $28.50 per hundredweight) cif port of Houston from $545 to $570 per ton ($27.25 to $28.50 per cwt) previously – source: MB
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