Steel price report as of February 10, 2015

Posted on 10 February 2015

Steel Prices in China

  • East China steel major Shagang will now pay 1,720-1,800 yuan ($279-292) scrap per tonne for the steelmaking raw material, down 20 yuan ($3.25) from last Thursday. – source: Steel First

Long steel

  • The average price of 6.5mm Q235 high speed wire rod fell 8 from the previous trading day to 2,567 yuan per tonne on Tuesday and that of 20mm HRB400 rebar lost 6 yuan per tone to 2,499 yuan per tonne. – source: SteeHome
  •  Prices for grade III 16-25mm rebar in Beijing remained at 2,200-2,250 yuan ($357-366) per tonne, unchanged for the second consecutive working day. In Shanghai, prices for the same product narrowed downwards by 10 yuan ($2) per tonne to 2,330-2,390 yuan ($379-388) per tonne during the day. All prices are inclusive of VAT. – source: Steel First


Flat steel

  • The average price of 2.75mm hot-rolled coil in China slipped 4 yuan per tonne from the previous trading day to 2,793 yuan per tonne on Tuesday while that of 1.0mm cold-rolled coil moved down 7 yuan per tonne to 3,620 yuan per tonne.  – source: SteeHome
  •  Platts assessed Q235 HRC 5.5mm thick in Shanghai at Yuan 2,540-2,570/metric ton ($407-411/mt) with 17% VAT on Monday, level with last Friday. - source: Platts
  • Commercial-grade HRC (4.5-12mm) in Shanghai was traded at 2,530-2,560 yuan ($411-416) per tonne, unchanged since last Wednesday. In Beijing, the same product was traded at 2,440-2,450 yuan ($396-398) per tonne, flat over the same period. – source: Steel First
  • SteelHome daily price assessment of 8mm medium plate in China reached 2,942 yuan per tonne on Tuesday, down 2 yuan per tonne from the previous trading day.  – source: SteeHome
  •  Tangshan, domestic, billet, traded at 2,020 yuan ($328) per tonne, including VAT, 3pm Beijing – source: Steel First


Steel Prices in Other Countries


  • Taiwanese import prices of 80:20 (in container) were down $10/mt on-week at $233/mt CFR Taiwan port last Friday, according to The Steel Index, a unit of Platts. - source: Platts


  • Platts assessments, scrap imports into Turkey held flat, at $250/mt CFR, for three consecutive days since February 4.  - source: Platts


  • Steel First's weekly export price assessment for CIS-origin March-production slab was $340-350 per tonne fob Black Sea on February 9 – source: MB
  • Steel First's weekly price assessment for domestic auto bundle (DKP grade) scrap was TRY610-630 ($246-254) per tonne delivered, down from TRY650-700 ($262-282) per tonne last week. – source: Steel First


  • Platts assessed CIS billet at $375/mt FOB Black Sea Monday, stable on day. - source: Platts


  • The most recent deals on CIS slab for export to the US and Europe were reported at $355/mt and 350/mt FOB Black Sea, respectively.  - source: Platts


Bar/ Wire rod

  • The assessment on Monday February 9 for Russian domestic 12mm A500C rebar stood at 29,200-29,500 roubles ($435-439) per tonne cpt Moscow, including VAT, on partial pre-payment terms, unchanged week-on-week – source: MB


  • Steel First's price assessment for CIS-origin HRC was $390-420 per tonne fob Black Sea on Monday February 9, down from $415-430 per tonne fob last week – source: MB
  • AMM's assessment for spot cut-to-length plate in US declined to $34 per hundredweight ($680 per ton) from $35 per cwt ($700 per ton) previously – source: MB
  • Ukrainian mills were offering HRC in the range of $410-420/mt CFR Turkey, while Russian mills' latest offers were at $420-435/mt CFR against strong competition from China. Offers from Chinese mills were as low as $400-410/mt CFR, with discounts, Platts learned. - source: Platts


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