Steel price report as of March 22, 2016

Posted on 23 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

2240

2230

2130

2310

2450

2440

2430

2200

2350

2600

2400

2730

2140

螺纹钢 Rebar HRB400

Φ16mm

2080

2180

2050

2200

2290

2320

2350

2190

2350

2520

2350

2740

2120

角钢 Angle Bar Q235

5#

2360

2440

2200

2450

2420

2490

2450

2400

2430

2680

2700

2780

2570

中厚板 Plate Q235

20mm

2350

2300

2360

2500

2580

2350

2350

2480

2520

2620

2800

2600

2460

热板卷 HRC Q235

3.0mm

2430

2430

2330

2340

2500

2440

2500

2420

2400

2640

2700

2800

2580

冷薄板 CRS SPCC

1.0mm

3200

3300

3170

3200

3250

3150

3180

3020

3200

3200

3160

3300

3100

Source: China Iron and Steel Association


Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

2434

↑12

20mm HRB400 rebar

2367

↑11

2.75mm hot-rolled coil

2645

↑22

1.0mm cold-rolled coil

3235

↑15

8mm medium plate

2887

↑26

Source: SteelHome


Long steel

  • Platts assessed 16-20mm diameter BS500 rebar up by $5/metric ton on the day at $326-329/mt FOB China. - source: Platts
  • East China, domestic, grade-III 16-25mm rebar, traded at 2,260-2,280 yuan ($348-351) per tonne, including VAT. North China, domestic, grade-III 16-25mm rebar, traded at 2,180-2,190 yuan ($336-338) per tonne, including VAT. – source: Steel First


Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,410-2,430 yuan ($373-376) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,400-2,410 yuan ($371-373) per tonne, including VAT  – source: Steel First

 

  • China, base export offer prices for commercial-grade, boron-containing HRC, $355-360 per tonne fob, May shipment.  – source: Steel First


Semis

 

  • China, export, billet offered at $320 per tonne cfr, to the UAE, May shipping. - source: Steel First
  • Tangshan, domestic, billet, traded at 1,950 yuan ($301) per tonne, including VAT, 3pm Beijing. - source: Steel First


Steel Prices in Other Countries

 

Scrap

  • The latest US East Coast bulk scrap export sale was finalized at $229/mt CFR Turkey HMS 80:20 basis this week and now offers are being reported around $230-$235/mt to Turkey. Traders are offering around $215-$220/mt FAS Newark for containerized shredded scrap. - source: Platts
  • Turkey, import; 10,000 tonnes of HMS 1&2 (80:20) at $229 per tonne, 15,000 tonnes of shredded at $234 per tonne, 15,000 tonnes of bonus at $239 per tonne cfr; March 18, from the USA. - source: Steel First

Semis

  • Steel First's assessment of billet prices in Southeast Asia is $310-330 per tonne cfr for the week to Monday March 21, compared with $315-330 per tonne a week earlier.  - source: Steel First
  •  Platts assessed its daily CIS billet price at $315/mt FOB, $2.5/mt up on day - source: Platts

 

Bar/ Wire rod

  • Platts raised its daily US rebar import price assessment to $363-$367/st CIF Houston on Tuesday, up from $331-$340/st CIF.- source: Platts


HRC/P

 

  • Platts assessed its daily HRC price at $350/mt FOB Black Sea, $20/mt up on day. - source: Platts

 

  • HRC prices in the US at $420-$440/st  - source: Platts




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