Steel price report as of July 27, 2016

Posted on 28 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

2650

2480

2400

2520

2510

2580

2480

2350

2600

2650

2510

2750

2400

螺纹钢 Rebar HRB400

Φ16mm

2400

2410

2430

2280

2300

2320

2430

2380

2600

2780

2450

2710

2470

角钢 Angle Bar Q235

5#

2460

2400

2630

2500

2510

2580

2510

2630

2600

2830

2740

2710

2650

中厚板 Plate Q235

20mm

2420

2430

2530

2460

2490

2520

2500

2580

2610

2800

2800

2890

2610

热板卷 HRC Q235

3.0mm

2660

2630

2600

2700

2640

2790

2730

2660

2740

2960

2870

2960

2600

冷薄板 CRS SPCC

1.0mm

3370

3350

3160

3080

3070

3260

3300

3230

3210

3310

3080

3260

3380

Source: China Iron and Steel Association

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

2509

↑11

20mm HRB400 rebar

2450

↑14

2.75mm hot-rolled coil

2773

↑23

1.0mm cold-rolled coil

3072

↑10

8mm medium plate

2923

↑21

Source: SteelHome

 

Long steel

  • East China, domestic, grade III 16-25mm rebar, traded at 2,280-2,330 yuan ($341-349) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 2,320-2,340 yuan ($347-350) per tonne, including VAT.– source: Steel First

  • Prices for September shipments of 16-32mm chromium-added rebar were assessed at $335-340 per tonne fob on an actual weight basis on Wednesday July 27, up $5 per tonne from a week ago.  – source: Steel First

 

  • Prices for September shipments of chromium-added mesh-quality wire rod were assessed by Steel First at $340-345 per tonne fob on Wednesday, up $5 per tonne on the week. – source: Steel First

  

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,650-2,690 yuan ($397-403) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,600-2,630 yuan ($389-394) per tonne, including VAT. – source: Steel First

 

  • Base export prices for September shipments of commercial-grade, chromium-added plate were assessed at $345-350 per tonne fob on Wednesday July 27, down $5 per tonne from Steel First's assessment last week. – source: Steel First

 

  • Platts assessed SS400 HRC 3.0mm thick at $362-365/metric ton FOB China, implying a midpoint of $363.50/mt that was higher by $1/mt on day. In Shanghai’s dealer market on Wednesday, Q235 5.5mm HRC was assessed at Yuan 2,660-2670/mt ($399-400/mt) ex-stock with 17% VAT, up Yuan 35/mt from Tuesday. - source: Platts

 

 

Semis

  •  China, export, billet, offered at $320-325 per tonne cfr, to the UAE.
  • Tangshan, domestic, billet, traded at 2,000 yuan ($299) per tonne, including VAT, 3pm Beijing. - source: Steel First

 

Steel Prices in Other Countries

 

Scrap

  • Turkey, import; 22,000 tonnes of HMS 1&2 (75:25), 11,000 tonnes of P&S, 5,000 tonnes of shredded, 2,000 tonnes of busheling, average price $226 per tonne cfr; July 26, from Europe. - source: Steel First

 

Semis

  • Platts assessed its daily billet price at $320/mt FOB Black Sea on Wednseday, stable on day. - source: Platts

 

  • Steel First’s billet import price assessment for the region was $315-325 per tonne cfr for the week ending Monday July 25, down by $10-15 from the preceding week’s $330-335 per tonne cfr.  Deals were done at $315-320 per tonne cfr in both Indonesia and Thailand, and as low as $325 per tonne cfr Manila in the Philippines. - source: Steel First

 

  • Ukraine, export, billet (30,000-40,000 tonnes), traded at $315-320 per tonne cfr, to the UAE.  - source: Platts

 

 

Bar/ Wire rod

  • Wire rod bookings were heard made as low as $340-345 per tonne cfr in the Philippines late last week and on Monday, which would translate to as low as $325-330 per tonne fob China. - source: Steel First

 

  • On July 27, Platts assessed 6.5mm diameter mesh-quality rod at $339-341/metric ton FOB, up $15/mt from a week earlier. - source: Platts

  

 

HRC/P

  • Hot rolled coil prices for export from the CIS have stabilised at $360/metric ton FOB Black Sea paid for Ukrainian coils and Russian equivalents sold for $370/mt.  - source: Platts

 

  • An Indian mill is offering $390/mt CFR Vietnam for SAE coil, another Vietnamese trader indicated. Mills from Japan and Taiwan have offered the same grade coil at $425/mt and $400/mt CFR Vietnam respectively. - source: Platts

 

  • Turkish mills’ HRC offers in the domestic market were in the range of $420-430/mt ex-works this week, while discounts were also still available, depending upon payment terms and volumes, sources said. Turkish mills’ export offers, meanwhile, softened further to $400-410/mt FOB, while some mills began to offer HRC to some export markets below the $400/mt level. - source: Platts

 



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