Steel price report as of March 15, 2016

Posted on 15 March 2016
 

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

2400

2430

2300

2540

2600

2560

2430

2400

2500

2700

2600

2780

2440

螺纹钢 Rebar HRB400

Φ16mm

2350

2360

2250

2410

2450

2440

2350

2400

2470

2680

2550

2760

2420

角钢 Angle Bar Q235

5#

2390

2540

2390

2450

2530

2530

2400

2500

2630

2800

2760

2820

2590

中厚板 Plate Q235

20mm

2600

2600

2600

2760

2800

2650

2550

2710

2620

2750

2800

2700

2660

热板卷 HRC Q235

3.0mm

2700

2700

2610

2570

2570

2740

2700

2680

2630

2740

3000

3000

2800

冷薄板 CRS SPCC

1.0mm

3330

3300

3270

3340

3250

3250

3210

3180

3300

3300

3060

3280

3300

Source: China Iron and Steel Association


Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

2360

↓50

20mm HRB400 rebar

2294

↓50

hot-rolled coil

2724

↓39

cold-rolled coil

2545

↓40

8mm medium plate

2823

↓49

Source: SteelHome


Long steel

  • Platts assessed 16-20mm diameter BS500 rebar unchanged for a fourth straight working day at $310-315/metric ton FOB China actual weight. - source: Platts
  • East China, domestic, grade-III 16-25mm rebar, traded at 2,220-2,250 yuan ($344-348) per tonne, including VAT. North China, domestic, grade-III 16-25mm rebar, traded at 2,130-2,160 yuan ($330-334) per tonne, including VAT. – source: Steel First

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,300-2,330 yuan ($355-360) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,280-2,300 yuan ($352-355) per tonne, including VAT.. – source: Steel First
  • Eastern Chinese HRC prices were at 2,380-2,420 yuan ($368-374) per tonne last Friday, up 160-170 yuan ($25-26) per tonne from a week earlier, but down from March 8's peak of 2,550-2,650 yuan ($394-409) per tonne.  – source: Steel First
  • China, base export offer prices for commercial-grade, boron-containing HRC, $350-360 per tonne fob, May shipment.  – source: Steel First
  • Platts assessed SS400 HRC 3.0mmt thick at $345-350/metric ton, flat on the day. Nearly all Chinese mills have now stopped quoting for export, but some may be willing to sell at $345-350/mt FOB China if a buyer was determined, several Chinese exporters said. A major mill in eastern China was willing to sell SS400 HRC at around $350/mt FOB China, one trader based in Shanghai said. - source: Platts
  • As of March 14, HRC prices in Shanghai had increased by Yuan 525/mt from last December's historical low. - source: Platts

 Semis

  • Tangshan billet list prices were prevailing on Monday at Yuan 1,840/mt, compared with Yuan 2,020/mt Friday. Prices rose last Monday, March 7, to Yuan 2,140/mt and even touched 2,260/mt the following day before easing back later that day. Over the three days to March 7, prices had increased by a whopping Yuan 360/mt.- source: Platts

Steel Prices in Other Countries

 

Scrap

  • Prices for imported scrap strengthened to as high as $216/mt CFR last week and scrap suppliers are also now targeting levels above $220/mt CFR. - source: Platts
  • Steel First's daily index for HMS 1&2 (80:20) from Northern Europe closed at $209.51 per tonne cfr Turkey, unchanged compared with Friday's index. - source: Steel First
  • The weekly average of TSI's daily reference price for Turkish imports of HMS 1&2 80:20 jumped by $14 or 7% to $208/metric ton CFR Iskenderun port. The price has leaped by $33 or nearly 19% in the last four weeks and is at a six-month high.

Semis

  • Steel First's weekly price assessment for CIS-origin slab exports stood at $290-300 per tonne fob Black Sea on Monday, up from $250-255 per tonne fob. - source: Steel First
  • Platts assessed its daily CIS Black Sea billet price at $310/mt FOB Black Sea, stable on Friday's level. - source: Platts

 

Bar/ Wire rod

  • Platts assessed Turkish export rebar at $366/metric ton FOB on Monday, up $6/mt from Friday - source: Platts

HRC/P

  • The weekly Platts assessment for HRC was at £245-260/mt DDP West Midlands at the end of last week reflecting transaction prices, although offer levels from Tata Steel and continental European suppliers were far higher than this. - source: Platts
  • HRC prices in the US at $420-$440/st - source: Platts


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