Steel price report as of August 15, 2016

Posted on 16 August 2016
 

Steel Prices in China

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

2608

↑2

20mm HRB400 rebar

2558

↑4

2.75mm hot-rolled coil

2888

↑7

1.0mm cold-rolled coil

3227

↑8

8mm medium plate

3016

↓1

Source: SteelHome

 

Long steel

 

Today

Previous day

Daily change

Eastern China (Shanghai) grade III rebar (16-25mm) domestic

2,410-2,430 yuan ($363-366)

2,410-2,430 yuan ($363-366)

Unchanged

Northern China (Shanghai) grade III rebar (16-25mm) domestic

2,380-2,430 yuan ($359-365)

2,380-2,420 yuan ($359-365)

Unchanged

 

All prices are ex-warehouse, per tonne, including VAT

– source: Steel First

 

  • Platts assessed 16-20mm diameter BS500 rebar at $342-343/metric ton FOB China, unchanged from Friday. - source: Platts

 

 

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,720-2,740 ($410-413) yuan per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,700-2,720 ($407-410) yuan per tonne, including VAT. – source: Steel First

 

  • China, base export offer prices for commercial-grade, boron-containing HRC, $380-390 per tonne fob, October shipments.  – source: Steel First

 

  • The price of its September-delivery Q235 5.5mm HRC to 3,050 yuan ($460) per tonne, SPCC 1.0mm CRC to 3,825 yuan ($576) per tonne, and Q235 14-20mm plate to 3,200 yuan ($482) per tonne. All prices are on an ex-works basis, excluding VAT. The move comes in the wake of similar increases by central China’s Wuhan iron & Steel and eastern China’s Baosteel last week. The two major steelmakers raised their list prices by 150-200 yuan ($23-30) per tonne and 100 yuan ($15) per tonne, respectively.  – source: Steel First

 

Semis

 

  • As at 3pm, billet was being traded at 2,250 yuan ($339) per tonne including VAT in Tangshan, down 30 yuan ($5) per tonne from last Friday. Prices had fallen 40 yuan ($6) per tonne before recovering 20 yuan ($3) per tonne over the weekend, followed by another drop of 10 yuan ($2) per tonne on Monday afternoon. - source: Steel First

 

Steel Prices in Other Countries

 

Scrap

  • Steel First’s weekly price assessment for domestic auto bundle (DKP grade) scrap was TRY615-655 ($208-222) per tonne delivered, unchanged week-on-week. - source: Steel First

 

  • Prices for containerized Taiwanese imports of HMS # 1&2 80:20 dropped by $6 a ton to $198 a ton CFR Taiwan port.  - source: The Steel Index

 

Semis

 

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

 

 

Bar/ Wire rod

  • S&P Global Platts assessed the Turkish export rebar price at $382.50/mt FOB Turkey on Monday, stable on day. - source: Platts

 

  • To Hong Kong, offers of Chinese rebar were mainly at $355-360/mt CFR actual weight, equivalent to $349-354/mt FOB assuming a freight rate of $6/mt, said a Hong Kong-based stockist. - source: Platts

 

HRC/P

  • ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) shot up to $360 a ton during the week ended July 01, as per the latest figures released by The Steel Index.

  • Turkey, domestic, hot rolled coil, offered at $410-420 per tonne ex-works, September production. - source: Steel First

 

  • Russia, export (Severstal), hot rolled coil, offered at $385-390 per tonne cfr, to Turkey, for September production. - source: Steel First

 

  • Platts kept its daily north European hot rolled coil assessment unchanged Monday at €415-420/metric ton exworks Ruhr. - source: Platts

 

  • US cold-rolled coil prices stable at $800-$820/st  - source: Platts

 

 



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