Steel price report as of June 7, 2016

Posted on 07 June 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

2530

2430

2320

2360

2260

2300

2340

2280

2400

2600

2370

2700

2210

螺纹钢 Rebar HRB400

Φ16mm

2150

2110

2150

2020

2060

2120

2220

2180

2220

2610

2290

2620

2200

角钢 Angle Bar Q235

5#

2250

2430

2400

2520

2510

2450

2500

2530

2460

2670

2610

2720

2620

中厚板 Plate Q235

20mm

2350

2300

2400

2310

2340

2400

2350

2420

2440

2860

2720

2800

2440

热板卷 HRC Q235

3.0mm

2590

2630

2520

2600

2600

2600

2670

2640

2800

2900

2730

2870

2660

冷薄板 CRS SPCC

1.0mm

3500

3400

3150

2880

3100

3000

2980

2800

2930

3200

3080

3260

3240

Source: China Iron and Steel Association

 

Long steel

  • Platts assessed 16-20mm diameter BS500 rebar unchanged from last Friday at $298-300/metric ton FOB China actual weight. -source: Platts

 

  • In Beijing’s retail market on June 6, Platts assessed 18-25mm diameter HRB400 rebar at Yuan 2,155-2,165/metric ton ($328-330/mt) ex-stock actual weight, including 17% VAT. This was up Yuan 55/mt ($8/mt) from last Friday's assessment.  -source: Platts

 

  • East China, domestic, grade-III 16-25mm rebar, traded at 2,000-2,040 yuan ($304-311) per tonne, including VAT. North China, domestic, grade-III 16-25mm rebar, traded at 2,080-2,090 yuan ($317-318) per tonne, including VAT. – source: Steel First

 

 

Flat steel

  • China, base export transaction prices for commercial-grade, boron-containing HRC, $330-335 per tonne fob, July/August shipments.  – source: Steel First

 

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,520-2,560 yuan ($384-390) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,450-2,460 yuan ($373-374) per tonne, including VAT. – source: Steel First

 

  • Platts assessed SS400 HRC 3.0mm thick at $330-335/metric ton Monday, stable on day.  -source: Platts

 

  • Platts assessed Q235 5.5mm HRC at Yuan 2,540-2,560/mt ex-stock with 17% VAT Monday, implying a midpoint of Yuan 2,550/mt -- up Yuan 45/mt from last Friday. -source: Platts

 

Semis

 

  • Tangshan, domestic, billet, traded at 1,820 yuan ($277) per tonne, including VAT, 3pm Beijing.  - source: Steel First

 

Steel Prices in Other Countries

 

Scrap

  • Feng Hsin’s procurement price for HMS 1&2 (80:20) scrap remained at TWD 5,700/mt.  - source: Platts

 

  • Steel First’s daily index for HMS 1&2 (80:20) scrap from Northern Europe closed at $230.00 per tonne cfr Turkey, down by $22.73 per tonne compared with Friday’s index.- source: Steel First

 

  • The Pittsburgh H1 steel scrap price was US$229.5/long ton; Chicago H1 scarp price was US$257.5/long ton; Philadelphia H1 scarp price was US$258.5/long ton, above prices remained unchanged compared to the previous week. - source: Yieh

 

Semis

  • Import prices in Taiwan of China-origin billet for use by Taiwanese re-rollers fell again by around $20/mt to $270/mt CFR Taiwan. - source: Platts

 

  • Platts assessed its daily billet price at $312.50/mt FOB Black Sea Monday, unchanged from Friday. - source: Platts

 

 

Bar/ Wire rod

  • Platts assessed Turkish export rebar at $407/mt Monday, down $8/mt from Friday. - source: Platts

 

  • Icdas, one of Turkey’s largest long product makers, 7-8.5mm diameter wire rod prices by TRY 130 ($45)/mt to TRY 1,450-1,480/mt ex-works, including VAT, as of June 6. - source: Platts

 

  • On May 30, Feng Hsin rolled over its domestic rebar price from the previous week at TWD 13,200/metric ton ($404/mt) ex-works Taichung. - source: Platts

 

  • Current market prices of SD295 base-sized rebars in Tokyo are around Yen 53,000-54,000/metric ton ($495-505/mt), while those in Osaka are around Yen 51,000-52,000/mt, up Yen 3,000/mt and Yen 4,000/mt respectively from April. -source: Platts

 

  • Current market prices in Tokyo for senior-sized H-beams are around Yen 70,000-71,000/mt and for channels (100 x 50mm) and angles (50mm) around Yen 71,000-72,000/mt, unchanged from April. -source: Platts

 

 

HRC/P

  • Platts assessed North European hot rolled coil unchanged at €435-445/mt ex-works Ruhr Monday. - source: Platts

 

  • US HRC prices steady at $630-$640/st - source: Platts

 



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