Steel price report as of January 6, 2015

Posted on 06 January 2015

Steel Prices in China

Long steel

·         Prices of seamless pipes in grades of 20# 219x6mm (GB/T 8163) sourced from mills in eastern China were at Yuan 3,550/metric ton ($571/mt) including 17% VAT in Shanghai on January 5.source: Platts


·         Prices of 20# 50-130mm round billet sourced from Zenith Steel Group and Changqiang Iron & Steel decreased Yuan 50/mt respectively to Yuan 3,050/mt and Yuan 2,950/mt ex-works including 17% VAT. On the same day, the price of similar rounds supplied by Huaigang Special Steel fell by Yuan 130/mt to Yuan 2,920/mt with VAT. source: Platts



  • The average price of 6.5mm Q235 high speed wire rod in China dropped 3 yuan per tonne from the previous trading day to 2,801 yuan per tonne; that of 20mm HRB400 rebar lost 6 yuan per tonne to 2,751 yuan per tonne on Tuesday. source: SteelHome



Flat steel

·         Platts assessed Q235 5.5mm HRC in Shanghai at Yuan 3,000-3,030/metric ton ($490-495/mt) including 17% VAT, down Yuan 10/mt from last Friday. Source: Platts


·         The average price of 2.75mm hot-rolled coil and 1.0mm cold-rolled coil in China both edged down 4 yuan per tonne to 3,151 yuan per tonne and 3,863 yuan per tonne respectively on Tuesday.source: SteelHome


·         The average price of 8mm medium plate in China reached 3,239 yuan per tonne on Tuesday, down 14 yuan per tonne from the previous trading day-Source: SteelHome


·         Boron-containing HRC were in China in the range of $445-455 per tonne fob for February shipment on Monday January 5, down $5-10 per tone – source: MB



Steel Prices in Other Countries


·         US market sources believed January scrap buy week prices will be $15-35/lt above December levels when they settle later this week - source: Platts

·         The daily USA-origin scrap price index closed at $320.00 per tonne cfr, also down by $2.07 per tonne day-on-day – source: MB

·         The premium for USA-origin HMS 1&2 (80:20) material over Northern European scrap at $8.73 per tonne on Monday January 5 – source: MB



·         Platts Black Sea billet assessment remained unchanged on day on Monday at $395/mt FOBBlack Sea- source: Platts


·         CIS mills sold part of their February allocation at some $395-400/metric ton FOB Black Sea in the last two weeks. A source in Turkey confirmed having booked at $420/mt CIF Aliaga- source: Platts


·         In northern Europe, the average of Platts FOB Black Sea export billet prices for last week decreased by $4/mt to $396/mt, and so the rebar-billet spread was unchanged at $103/mt.- source: Platts


Bar/ Wire rod

·         Taiwan FengHsin’s price for standard 13mm diameter rebar has stayed at TWD 15,900/metric ton ($497/mt) ex-works Taichung in central-west Taiwan since December 29- source: Platts



·         Posco does not officially announce its monthly sales prices for stainless coil, but according to Platts’ calculations, the steelmaker’s base price for grade 304 HRC remains at Won 3.6 million/mt ($3,407/mt), while that for 304 CRC stays at Won 3.87 million/mt.- source: Platts


·         Yieh United Steel Corp Taiwan, increased January domestic prices of 300-series hot and cold rolled products by TWD 1,000/mt ($32/mt) and by $30/mt for February export. - source: Platts


·         Platts daily assessment of hot rolled coil in northwest Europe stood at €402.50/metric ton ex-works Ruhr Monday, unchanged on day. - source: Platts


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