Steel price report as of May 7, 2015

Posted on 07 May 2015
 

Steel Prices in China

Unit: yuan / ton











Product

Specification       

Beijing

Tianjin

Shenyang

Shanghai

Nanjing

Jinan

Zhengzhou

Wuhan

Guangzhou

Nanning

Chengdu

Kunming

Xi'an

高线 Wire Rod HPB300

Φ6.5mm

2550

2450

2420

2360

2520

2540

2530

2610

2650

2680

2700

2910

2520

螺纹钢 Rebar HRB400

Φ16mm

2310

2260

2300

2350

2430

2390

2480

2490

2780

2640

2600

2880

2430

角钢 Angle Bar Q235

5#

2620

2660

2590

2680

2710

2660

2550

2530

2850

3120

2850

2900

2780

中厚板 Plate Q235

20mm

2470

2410

2470

2450

2520

2500

2380

2520

2600

2850

2630

2850

2570

热板卷 HRC Q235

3.0mm

2590

2600

2530

2530

2550

2620

2620

2580

2650

2950

2640

2880

2690

冷薄板 CRS SPCC

1.0mm

3410

3350

3500

3000

3200

3420

3200

2900

3200

3270

3170

3500

3450

Source: China Iron and Steel Association

 

Long steel

  • The average price of 6.5mm Q235 high speed wire rod decreased 8 yuan per tonne from the previous trading day to 2,543 yuan per tonne and that of 20mm HRB400 rebar dropped by 10 yuan per tonne to 2,461 yuan per tonne.  – source: SteelHome
  •  In Shanghai, prices for 6.5mm diameter Q195 wire rod fell by Yuan 10/mt on-week to Yuan 2,330-2,340/mt ($375-376/mt) including 17% VAT. – source: Platts

 

Flat steel

  • The average price of 2.75mm hot-rolled coil in China decreased by 4 yuan per tonne from the previous trading day to 2,682 yuan per tonne while that of 1.0mm cold-rolled coil down by 7 yuan per tonne to 3,246 yuan per tonne. – source: SteelHome

 

  • SteelHome daily price assessment of 8mm medium plate in China reached 2,854 yuan per tonne, down 8 yuan per tonne from the previous trading day. – source: SteelHome

 

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,480-2,500 yuan ($405-409) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,520-2,530 yuan ($412-413) per tonne, including VAT. – source: Steel First
  • China, base export transaction prices for commercial-grade, chromium-added plate, $360-365 per tonne fob, late June/July shipment. East China, domestic, commercial-grade 14-20mm plate, traded at 2,440-2,460 yuan ($399-402) per tonne, including VAT. – source: Steel First

 

Steel Prices in Other Countries

Scrap

  • The average prices for scrap in Italy over March were: for new arisings E8 €255-260/mt, for shredded E40 €260-265/mt and for demolition scrap E3 €240-245/mt. - source: Platts

 

Semis

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

 

Bar/ Wire rod

  • Platts assessed the export price for 6.5mm diameter SAE1008 wire rod at $350-360/metric ton FOB, flat from the previous assessment on April 29. - source: Platts

 

  • Steel First's price assessment for Southern European rebar exports was stable at €410-420 ($457-468) per tonne fob main local port on Wednesday, unchanged from last week, although most price discussions had moved to the higher end of the range.  - source: Steel First

 

  • Prices for commodity-grade, 40-80mm square hollow sections remained stable week-on-week at €510-530 ($568-591) per tonne delivered in Northern Europe, and €475-485 ($529-541) per tonne delivered in Southern Europe. - source: Steel First


HRC/P

  • Low-priced import offers from the CIS also still continued to pressure Turkish mills' quotations. Ukrainian mills were offering HRC at $365-375/mt CFR to Turkey, while Russian offers were around $5-10/mt higher - source: Platts

 

  • Steel First's weekly price assessment for hot rolled coil (HRC) imports into Northern Europe was €380-400 ($424-446) per tonne cfr main ports on Wednesday May 6, up from €370-380 ($412-424) per tonne. - source: Steel First

 



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