Steel price report as of September 6, 2016

Posted on 06 September 2016
 

Steel Prices in China

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

2658

↑11

20mm HRB400 rebar

2605

↑10

2.75mm hot-rolled coil

3005

↑8

1.0mm cold-rolled coil

3505

↑6

8mm medium plate

3075

↑2

Source: SteelHome

 

Long steel

  • East China, domestic, grade III 16-25mm rebar, traded at 2,460-2,500 yuan ($368-374) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 2,510-2,540 yuan ($376-380) per tonne, including VAT. – source: Metal Bulletin

 

  • Platts assessed 16-20mm diameter BS500 rebar unchanged at $352-354/metric ton FOB China actual weight. - source: Platts

 

  • In Beijing’s retail market Monday, spot prices of 18-25mm diameter HRB400 rebar were assessed at Yuan 2,565-2,575/mt ($384-386/mt) ex-stock actual weight including 17% VAT, up Yuan 20/mt on day. - source: Platts

 

 

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,790-2,810 yuan ($417-420) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,840-2,850 yuan ($425-426) per tonne, including VAT.– source: Metal Bulletin

 

  • China, base export offer prices for commercial-grade, boron-containing HRC, $390-400 per tonne fob, October shipment. – source: Metal Bulletin

 

  • Platts assessed SS400 HRC 3.0mm thick at $390-395/metric ton FOB China, flat from last Friday. - source: Platts

 

  • In Shanghai’s dealer market the same day, Q235 5.5mm HRC was assessed at Yuan 2,790-2,800/mt ($418-419/mt) ex-stock with 17% VAT, also unchanged from last Friday. - source: Platts

 

Steel Prices in Other Countries

 

Scrap

  • Metal Bulletin’s daily index for Northern Europe-origin HMS 1&2 (80:20) closed at $220.66 per tonne cfr, down by $0.09 per tonne day-on-day. - source: Metal Bulletin

 

  • Tokyo Steel has announced that a ¥500 per tonne ($5) increase in H2-grade scrap buying prices will be applied at all of its facilities, except Utsunomiya, from Tuesday September 6. – Platts

 

Semis

  • S&P Global Platts assessed its daily CIS export billet price at $325/metric ton FOB Black Sea Monday, stable on day. – Platts

 

  • Metal Bulletin’s weekly price assessment for CIS slab exports was unchanged from the previous week at $320-325 per tonne fob Black Sea on Monday September 5. - source: Metal Bulletin

 

 

Bar/ Wire rod

  • To Singapore, offers for Chinese rebar continued to hover around $365-370/mt CFR theoretical weight, equivalent to $363-368/mt FOB actual weight with $13/mt freight and 3% volume tolerance - source: Platts

 

  • S&P Global Platts assessed Turkish export rebar at $375-$380/mt FOB Turkey Monday, with the midpoint of $377.50/mt FOB, stable on day. - source: Platts

 

  • S&P Global Platts lowered its daily southeastern US rebar price assessment Friday to $490-$520/st ex-works. The price was not assessed Monday, due to the US Labor Day holiday. - source: Platts

 

HRC/P

  • Chinese offers for SAE1006 2.0mm thick coil were unchanged at $420-425/mt CFR Vietnam. - source: Platts

 

  • S&P Global Platts maintained its daily north European hot rolled coil assessment at €430-440/mt ex-works Ruhr on Monday. - source: Platts

  



«  Back

Copyright © 2016 SEASI Site. All Rights Reserved.