Steel price report as of June 9, 2015

Posted on 09 June 2015
 

Steel Prices in China

Long steel

  • East China, domestic, grade-III 16-25mm rebar, traded at 2,110-2,170 yuan ($344-354) per tonne, including VAT. North China, domestic, grade-III 16-25mm rebar, traded at 2,150-2,160 yuan ($351-352) per tonne, including VAT. source: Steel First

 

  • Tangshan, domestic, billet, traded at 1,970 yuan ($321) per tonne, including VAT, 3pm Beijing.  source: Steel First

 

  • The average price of 6.5mm Q235 high speed wire rod dropped by 8 yuan per tonne from the previous trading day to 2,397 yuan per tonne and that of 20mm HRB400 rebar dropped by 8 yuan per tonne to 2,284 yuan per tonne. source: SteelHome

 

 

Flat steel

  • China, base export offer prices for commercial-grade, boron-containing HRC, $350-360 per tonne fob, late July/August shipment.  source: Steel First

 

  • The average price of 2.75mm hot-rolled coil in China down by 7 yuan per tonne from the previous trading day to 2,569 yuan per tonne while that of 1.0mm cold-rolled coil down by 4 yuan per tonne to 3,105 yuan per tonne. source: SteelHome

 

  • SteelHome daily price assessment of 8mm medium plate in China reached 2,712 yuan per tonne, down 10 yuan per tonne from the previous trading day. source: SteelHome

 

 

Steel Prices in Other Countries

Scrap

  • Taiwanese import prices of 80:20 (in container) were up $3/mt week-on-week to $233/mt CFR Taiwan port last Friday - source: The Steel Index

 

  • Average offer prices for shredded scrap imported into India, cfr Nhava Sheva, ranging from $290-295 per tonne from Europe to $295-300 per tonne from the UK and $300-305 per tonne from the USA. source: Steel First
  • Steel First’s weekly price assessment for Turkish domestic auto bundle (DKP grade) scrap was unchanged at TRY700-730 ($262-273) per tonne delivered. source: Steel First


  Semis

  • Russia (Novorosmetall), export, billet, offered at $370 per tonne fob Novorossiysk, July production. - source: Steel First
  • Ukraine (ISD), export, billet, offered at $375 per tonne fob Odessa, July production.- source: Steel First

 

Bar/ Wire rod

  • Taiwan's China Steel Corp. (CSC) price of electric furnace (EF) Al-killed steel low carbon wire rod will be at NT$17,500/ton, that of high carbon wire rod will be at NT$17,500/ton and that of low alloy wire rod will be about NT$18,900/ton. - source: Yieh
  • Nucor Steel Nebraska plans to raise wire rod prices $30/st, effective with July 1 shipments, the company said in a letter to customers sent Monday. - source: Platts

 
HRC/P

  • Platts held its HRC price assessment Monday at $460-465/st and its CRC assessment at $570-590/st. All prices are normalized to a Midwest (Indiana) ex-works basis. - source: Platts

 

 



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