Steel price report as of June 16, 2015

Posted on 17 June 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

2340

2330

2320

2290

2370

2440

2400

2400

2400

2440

2500

2700

2220

螺纹钢 Rebar HRB400

Φ16mm

2180

2170

2180

2200

2250

2290

2290

2350

2400

2440

2240

2700

2170

角钢 Angle Bar Q235

5#

2540

2530

2520

2610

2650

2660

2480

2490

2660

2950

2750

2800

2670

中厚板 Plate Q235

20mm

2320

2250

2350

2270

2290

2350

2280

2370

2470

2700

2460

2630

2350

热板卷 HRC Q235

3.0mm

2500

2480

2360

2480

2510

2550

2520

2450

2600

2800

2500

2600

2730

冷薄板 CRS SPCC

1.0mm

3280

3200

3250

2900

2940

3210

3100

2830

3100

2990

3040

3170

3290

Source: China Iron and Steel Association

 

Long steel

  • The average price of 6.5mm Q235 high speed wire rod dropped by 8 yuan per tonne from the previous trading day to 2,361 yuan per tonne and that of 20mm HRB400 rebar dropped by 12 yuan per tonne to 2,248 yuan per tonne. – source: SteelHome

 

  • East China, domestic, grade-III 16-25mm rebar, traded at 2,100-2,160 yuan ($342-352) per tonne, including VAT.  North China, domestic, grade-III 16-25mm rebar, traded at 2,110-2,130 yuan ($344-347) per tonne, including VAT.  – source: Steel First

 

Flat steel

  • Platts assessed SS400 HRC 3mm and above thick at $343-348/metric ton FOB China Monday, down $2/mt from Friday following three consecutive days of price stability. – source: Platts

 

  • On Monday Platts assessed Q235 HRC 5.5mm thick in Shanghai at Yuan 2,340-2,360/mt ($377-380/mt) ex-stock with 17% VAT, down Yuan 15/mt from last Friday. Most dealers in the region expected prices to fall further – though mostly by a small margin. – source: Platts
  • Baosteel Stainless export prices for 304 grade cold rolled coils are at US$2,650/ton FOB; those for 430 grade cold rolled coils are at US$1,410/ton FOB. - source: Yieh
  • China, base export transaction prices for commercial-grade, boron-containing HRC, $345-350 per tonne fob, late July/August shipment. China, base export offer prices for commercial-grade, boron-containing HRC, $345-355 per tonne fob, late July/August shipment. - source: Steel First
  • The average price of 2.75mm hot-rolled coil in China down by 17 yuan per tonne from the previous trading day to 2,507 yuan per tonne while that of 1.0mm cold-rolled coil down by 4 yuan per tonne to 3,075 yuan per tonne. – source: SteelHome
  •  SteelHome daily price assessment of 8mm medium plate in China reached 2,643 yuan per tonne, down 15 yuan per tonne from the previous trading day. – source: SteelHome

 

Steel Prices in Other Countries

Scrap

  • Steel First's price assessment for imported HMS 1&2 (80:20) to India stood unchanged at $265-275 per tonne cfr Nhava Sheva on June 12. - source: Steel First

 

  • Steel First's weekly price assessment for Turkish domestic auto bundle (DKP grade) scrap was TRY700-740 ($256-271) per tonne delivered, up from TRY700-730 ($256-267) per tonne last week. - source: Steel First


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

 

  • Scrap purchasing prices will remain flat over the previous week. The scrap purchasing prices for the week will range between NT$ 6,400 per ton and NT$ 7,000 per ton, Feng Hsin press release stated. - source: Scrap Monster

 

  • Japan's Tokyo Steel announced to raise its scrap purchasing prices by 500/ton from June 16th. The scrap purchasing prices at Utsunomiya works are at 27,000/ton; those in Okayama works are at 25,500/ton; those at Tahara works are at 26,000/ton; those at Kyushu works are at ¥26,000/ton and those in Takamatsu steel center are at 25,000/ton. - source: Yieh

 

 Semis

  • Tangshan, domestic, billet, traded at 1,900 yuan ($310) per tonne, including VAT, 3pm Beijing.  – source: Steel First


  • Platts assessed CIS billet at $361/metric ton FOB Black Sea Monday, $1/mt down on day. - source: Platts

 

Bar/ Wire rod

  • Feng Hsin Iron and Steel Co. ,the list prices of rebar had remained unchanged during the previous week. The prices had averaged at NT$ 13,600 per ton during that time. The price for section steel during the week will be in the range of NT$ 17,500 per ton, unchanged when compared with the previous week prices. - source: Scrap Monster
  • Japan export prices of wire rod were averaged at US$691.8/ton. - source: Yieh

 

HRC/P

  • Turkish hot rolled coil prices also remained relatively stable on week Monday, after softening slightly last week. Local producers were generally offering HRC at $430-440/mt ex-works, but they continued to offer discounts of $5/mt for sizeable bookings, sources noted. - source: Platts

 

  • Platts kept its assessment of northwest European hot rolled coil stable Monday at €395/metric ton ex-works Ruhr. - source: Platts


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