Steel price report as of March 16, 2015

Posted on 16 March 2015
 

Steel Prices in China

Long steel

  • Tangshan, domestic, billet, traded at 2,050 yuan ($332) per tonne, including VAT, 3pm Beijing. – source: Steel First
  • East China, domestic, grade-III 16-25mm rebar, traded at 2,320-2,380 yuan ($376-386) per tonne, including VAT. North China, domestic, grade-III 16-25mm rebar, traded at 2,290-2,350 yuan ($371-381) per tonne, including VAT. – source: Steel First

 

Flat steel

  • Platts assessed SS400 3mm thick and above HRC at $380-390/metric ton CFR East Asia Friday, down $5/mt on week - source: Platts

 

  • Base export transaction prices for late April/May shipments of commercial-grade, boron-containing HRC narrowed downwards by $5 per tonne week-on-week to $370-375 per tonne fob on Monday March 16.  – source: Steel First
  • East China, domestic, commercial-quality HRC (4.5-12mm), traded at 2,410-2,450 yuan ($391-397) per tonne, including VAT.  North China, domestic, commercial-quality HRC (4.5-12mm), traded at 2,330-2,340 yuan ($378-379) per tonne, including VAT. source: Steel First




Steel Prices in Other Countries

Scrap

  • Taiwan’s Feng Hsin Iron & Steel’s scrap purchasing prices were remained unchanged at NT$7,400~8,300/ton.  source: Yieh

 

  • Platts assessment of Turkish HMS I/II (80:20) imports slipped $4/mt on week to $256/mt CFR. - source: Platts

 

  • Platts retained its East Asian bulk 80:20 weekly assessment price unchanged at $245-250/mt CFR East Asia. - source: Platts

 

Semis

  • Platts assessed CIS billet at $359/metric ton FOB Black Sea Friday, unchanged on day. - source: Platts

 

 

Bar/ Wire rod

  • The Platts weekly mesh-quality rod price assessment edged down to $525-545/st ex-works from $535-545/st exworks to align with market transactions. - source: Platts
  • Taiwan’s Feng Hsin Iron & Steel’s list prices for rebar are at NT$14,500/ton; those for section steel remained at NT$18,000/ton. source: Yieh

 

HRC/P

  • Platts assessed SS400 3mm thick and above HRC at $380-390/metric ton CFR East Asia Friday, down $5/mt on week. - source: Platts

 
 



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