Steel price report as of June 24, 2015

Posted on 24 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

2300

2310

2300

2260

2350

2400

2400

2320

2350

2400

2400

2600

2220

螺纹钢 Rebar HRB400

Φ16mm

2130

2130

2140

2110

2230

2260

2280

2300

2350

2400

2210

2650

2140

角钢 Angle Bar Q235

5#

2490

2500

2460

2600

2650

2640

2480

2490

2630

2870

2750

2800

2670

中厚板 Plate Q235

20mm

2300

2160

2350

2170

2210

2300

2180

2300

2400

2650

2420

2560

2290

热板卷 HRC Q235

3.0mm

2400

2340

2300

2420

2460

2480

2420

2400

2550

2800

2480

2560

2730

冷薄板 CRS SPCC

1.0mm

3230

3150

3250

2890

2940

3210

3100

2830

3050

2920

3000

3130

3270

Source: China Iron and Steel Association

 

Long steel

  • The average price of 6.5mm Q235 high speed wire rod dropped by 9 yuan per tonne from the previous trading day to 2,321 yuan per tonne and that of 20mm HRB400 rebar dropped by 13 yuan per tonne to 2,185 yuan per tonne. – source: SteelHome

 

 

Flat steel

  • Platts assessed SS400 HRC 3.0mm and above thick at $340-345/metric ton FOB China Tuesday, implying a midpoint of $342.50/mt, level with last Friday. No deal was heard concluded on Tuesday, the first trading day after the three-day Dragon Boat Festival in China. – source: Platts

 

  • In the Shanghai dealer market, Platts assessed Q235 5.5mm HRC at Yuan 2,280-2,310/mt ($367-372/mt) ex-stock with 17% VAT, down by Yuan 10/mt from last Friday. – source: Platts

 

  • SteelHome daily price assessment of 8mm medium plate in China reached 2,579 yuan per tonne, down 11 yuan per tonne from the previous trading day. – source: SteelHome

 

  • The average price of 2.75mm hot-rolled coil in China down by 7 yuan per tonne from the previous trading day to 2,465 yuan per tonne while that of 1.0mm cold-rolled coil down by 4 yuan per tonne to 3,051 yuan per tonne. – source: SteelHome

 

Steel Prices in Other Countries

Scrap

  • Taiwanese import prices of 80:20 (in container) dipped $5/mt week-on-week at $228/mt CFR Taiwan port last Friday. - source: The Steel Index

 

Semis

  • Platts assessed CIS billet at $358/metric ton FOB Black Sea Monday, down $1/mt from Friday. - source: Platts

 

  • Slab price FOB Black Sea has dropped more than 40% in the past 12 months from $520/mt to $290/mt. - source: Platts

 

 

Bar/ Wire rod

  • Current market prices of SS400 senior-sized H-beams in Tokyo are around Yen 77,000-78,000/metric ton ($626-634/mt) while those for SD295 base sized rebars (16-25mm) are at Yen 58,000-59,000/mt ($472-480/mt). - source: Platts

 

  • Platts assessed Turkish export rebar at $435/mt Tuesday, stable on the previous day. - source: Platts

 

HRC/P

  • Platts increased the high end of its daily HRC assessment to $470/st from $465/st, making for a range of $460-$470/st. The daily cold-rolled coil assessment was stable at $570-$590/st. All prices are normalized to a Midwest (Indiana) ex-works basis. - source: Platts

 

  • Italian prices for HRC are quoted now around €380-375/mt base ex-works from mills such as Ilva, Valsider and Arvedi, while ArcelorMittal is €10/mt more expensive. Delivery time is reported to be August-beginning of September. - source: Platts

 

  • Platts kept its assessment of northwest European hot rolled coil stable Tuesday at €390/metric ton ex-works Ruhr. - source: Platts


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