Steel price report as of July 21, 2016

Posted on 21 July 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

2740

2630

2470

2570

2620

2610

2520

2450

2680

2720

2540

2730

2490

螺纹钢 Rebar HRB400

Φ16mm

2540

2510

2490

2320

2390

2350

2430

2500

2670

2830

2500

2710

2550

角钢 Angle Bar Q235

5#

2510

2490

2610

2530

2550

2590

2510

2650

2630

2800

2770

2730

2650

中厚板 Plate Q235

20mm

2520

2500

2570

2500

2570

2550

2550

2550

2630

2830

2760

2870

2590

热板卷 HRC Q235

3.0mm

2760

2720

2690

2750

2740

2770

2800

2700

2850

3020

2910

2910

2650

冷薄板 CRS SPCC

1.0mm

3450

3380

3160

3080

3050

3260

3280

3150

3230

3330

3070

3240

3340

Source: China Iron and Steel Association

  

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

2510

↑7

20mm HRB400 rebar

2447

↑9

2.75mm hot-rolled coil

2744

↑15

1.0mm cold-rolled coil

3059

↑1

8mm medium plate

2888

↑3

Source: SteelHome

 

Long steel

  • East China, domestic, grade III 16-25mm rebar, traded at 2,220-2,250 yuan ($332-336) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 2,350-2,360 yuan ($351-353) per tonne, including VAT. – source: Steel First

 

  • Prices for September shipments of chromium-added mesh-quality wire rod were assessed at $335-340 per tonne fob on Wednesday, narrowing upwards by $5 on the week but unchanged from last Friday. – source: Steel First

 

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,540-2,570 yuan ($380-384) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,450-2,480 yuan ($366-371) per tonne, including VAT.– source: Steel First

 

  • China, base export offer prices for commercial-grade, chromium-added plate, $350-360 per tonne fob, September shipment. -source: Steel First

 

  • East China, domestic, commercial-grade 14-20mm plate, traded at 2,450-2,480 yuan ($366-371) per tonne, including VAT.  -source: Steel First

 

  • Platts assessed SS400 HRC 3.0mm thick at $360-365/metric ton FOB China Wednesday, flat on day. In Shanghai’s dealer market the same day, Q235 5.5mm HRC was assessed at Yuan 2,550-2,560/mt ($382-383/mt) ex-stock with 17% VAT, also unchanged. - source: Platts

 

  • Shougang's ex-works price for Q235 5.5mm HRC remains unchanged at Yuan 2,820/mt ($423/mt), excluding 17% VAT. - source: Platts

 

Semis

 

  • China, export, billet, offered at $310 per tonne cfr, to the UAE.
  • Tangshan, domestic, billet, traded at 2,000 yuan ($299) per tonne, including VAT, at 3pm Beijing. - source: Steel First

 

Steel Prices in Other Countries

 

Scrap

  • Steel First’s daily index for Northern Europe-origin HMS 1&2 (80:20) closed at $217.88 per tonne cfr, unchanged day-on-day.  - source: Steel First

 

Semis

  • S&P Global Platts assessed its daily CIS export billet price at $320/metric ton FOB Black Sea on Wednesday, stable on day. - source: Platts

 

 

Bar/ Wire rod

  • Asian wire rod prices, Platts assessed 6.5mm diameter mesh-quality rod at $324-326/metric ton FOB, down $10/mt from a week earlier. - source: Platts

 

  • S&P Global Platts on Wednesday widened the range of its daily US Southeast rebar assessment to $520-$550/st ex-works, dropping the low end $15/st from $535-$550/st ex-works. - source: Platts

 

 

HRC/P

  • The S&P Global Platts daily HRC and cold-rolled coil price assessments held steady Wednesday at $610-$630/st and $820-$840/st  - source: Platts

 

  • HRC offers in the domestic market were in a wide range of $420-450/mt this week amidst sluggish demand, while imported HRC offers were at $380-395/mt CFR Turkey, trade sources said. - source: Platts

 

  • Platts assessed North European hot rolled coil unchanged Wednesday at €410-420/metric ton ex-works Ruhr. 


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