Steel price report as of March 10, 2015

Posted on 10 March 2015
 

Steel Prices in China

Long steel

  • Billet prices in Tangshan were at 1,970 yuan ($319) per tonne on Tuesday morning, unchanged from Monday.  – source: Steel First

 

Flat steel

  • Platts assessed Q235 HRC 5.5mm thick in Shanghai at Yuan 2,480-2,510/metric ton ($397-401/mt) with 17% VAT Monday, down Yuan 20/mt from Friday. - source: Platts
  • Chinese offers for A36 grade plates were around $410/mt CFR Mumbai, while South Korean offers for similar material were around $440/mt.  - source: Platts
  • Offers for hot rolled coil (HRC) to India, mainly from China, have fallen by $20 to $390-395 per tonne cfr Mumbai for April-May shipments over the past week.  – source: Steel First


Steel Prices in Other Countries


Scrap

  • Taiwanese import prices of 80:20 (in container) were down $2/mt on-week at $223/mt CFR Taiwan port last Friday. - source: Steel First

 

  • Turkish steelmaker Kardemir adjusted the purchasing prices for P&S scraps are at TRY755/ton. Besides, the H1 scrap prices were TRY745/ton. Meanwhile, the purchasing prices for HMS 70:30 (1&2) were TRY685/ton.  source: Yieh

 

  • For March, Italian scrap prices are expected to move down by €5-10/mt while northern European scrap levels are expected to remain stable. - source: Platts

 

  • Platts maintained its US West Coast containerized HMS 80:20 assessment Monday at $205-210/mt FAS Port of Los Angeles. - source: Platts

 

Semis

  • Platts lowered its monthly CIS slab export price assessment to $325-330/mt FOB Black Sea. - source: Platts

 

  • Platts assessed CIS billet at $360/metric ton FOB Black Sea Monday, up $2.50/mt on day. - source: Platts

Bar/ Wire rod

  • The Platts weekly Midwestern rebar price assessment remained at $600-610/st ex-works on Monday. – source: Platts
  •  The southern European rebar reference price ex-works gained slightly since a week earlier to €427/mt ($474/mt). – source: Platts
  • The current deal price of China Steel Corp's (CSC) Al-killed wire rod is about NT$18,200~18,700/ton and electric furnace (EF) Al-killed wire rod is about NT$17,700~18,200/ton. source: Yieh
  • Taiwan’s Feng Hsin Iron & Steel’s list prices for rebar are at NT$14,500/ton. The prices for section steel will be reduced by NT$500/ton to around NT$17,600~NT$18,100/ton. source: Yieh

 

HRC/P

  • The weekly average of last week’s daily ASEAN import HRC SAE 1006 reference prices CFR port increased by $5/mt from the average of the previous week's prices to $396/mt.  - source: Platts
  • Ukrainian and Russian HRC coil imports now available for $380-390/mt FOB Black Sea. Ukrainian mills were offering HRC in the range of $405-415/mt CFR Turkey, while Russian mills' latest offers were around the same levels amongst strong competition from China. - source: Platts
  • Platts kept its assessment of northwest European hot rolled coil stable on Monday at €410/mt ex-works Ruhr. - source: Platts



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