Steel price report as of September 19, 2016

Posted on 20 September 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

2700

2550

2500

2600

2700

2700

2570

2480

2660

2700

2500

2850

2430

螺纹钢 Rebar HRB400

Φ16mm

2480

2450

2510

2380

2480

2440

2540

2420

2680

2840

2470

2840

2400

角钢 Angle Bar Q235

5#

2500

2520

2670

2700

2700

2740

2730

2860

2700

2950

2740

2780

2740

中厚板 Plate Q235

20mm

2520

2500

2650

2500

2560

2630

2520

2610

2710

2950

2870

3070

2660

热板卷 HRC Q235

3.0mm

2830

2820

2800

2750

2760

2980

2940

2830

2870

3200

2940

3200

2870

冷薄板 CRS SPCC

1.0mm

3600

3600

3640

3430

3420

3540

3620

3460

3440

3520

3520

3510

3560

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

2571

↓10

20mm HRB400 rebar

2490

↓11

2.75mm hot-rolled coil

2911

↓15

1.0mm cold-rolled coil

3464

↓7

8mm medium plate

2995

↓13

Source: SteelHome

 

Long steel

  • East China, domestic, grade III 16-25mm rebar, traded at 2,270-2,300 yuan ($340-345) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 22,410-2,420 yuan ($361-363) per tonne, including VAT. – source: Metal Bulletin

 

  • Platts assessed 16-20mm diameter BS500 rebar at $331-335/metric ton FOB China actual weight, down $3/mt from last Wednesday. - source: Platts

 

  

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,670-2,700 yuan ($400-404) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 2,710-2,720 yuan ($406-408) per tonne, including VAT.– source: Metal Bulletin

 

  • China, base export transaction price for commercial-grade, boron-containing HRC, traded at $380-385 per tonne fob, October/November shipments. – source: Metal Bulletin

 

  • Platts assessed SS400 HRC 3.0mm thick at $372-376/metric ton FOB China, implying a midpoint of $374/mt that was down $1/mt from last Wednesday before China's Mid-Autumn Festival holiday. – source: Metal Bulletin

 

Semis

  • The price of the semi-finished product in China’s Tangshan city was 2,110 yuan ($316) per tonne including VAT on both September 13 and 14, before the start of the Mid-Autumn Festival break. But the lowest export offer prices for the product last week were $330-335 per tonne fob – at least $15-20 per tonne higher in US-dollar terms. – source: Metal Bulletin

 

Steel Prices in Other Countries

 

Scrap

  • Metal Bulletin’s daily index for Northern Europe-origin HMS 1&2 (80:20) closed at $214.00 per tonne cfr, unchanged day-on-day.  - source: Metal Bulletin

 

  • Metal Bulletin’s monthly price assessment for domestic grade-E3 scrap in Italy was €175-185 ($195-206) per tonne delivered on September 19, steady over the month. - source: Metal Bulletin

 

  • Taiwan’s prices for imported containerized 80:20 dropped last week by US$5/mt to US$205/mt CFR Taiwan port, TSI said. The price has now fallen by more than 6% in the last four weeks. – source: Platts

 

Semis

  • A Thai trader reported hearing 40,000 mt of 130mm Q195 billet for October shipment concluded Thursday at $340/mt CIF Thailand. – source: Platts

 

  

Bar/ Wire rod

  • Metal Bulletin’s weekly price assessment for CIS rebar exports dropped by $5 per tonne at both ends of the range to $350-360 per tonne fob Black Sea on Monday September 19. - source: Metal Bulletin

  • To Hong Kong, Chinese mills lowered their offers to $345-350/mt CFR actual weight, equivalent to $336-341/mt FOB assuming a freight rate of $9/mt, according to regional traders. - source: Platts

 

  • Offers of Chinese rebar to Singapore were mainly at $345-350/mt CFR theoretical weight, equivalent to $342-347/mt FOB actual weight with $13/mt freight and 3% volume tolerance, said a stockist there. - source: Platts

 

  • S&P Global Platts assessed Turkish export rebar at $370-$375/metric ton FOB Turkey on Monday, with a midpoint of $372.5/mt FOB, down $2.5/mt on day. - source: Platts

 

  • Kardemir’s sales price for round bar was at TRY 1,182 ($398)/metric ton ex-works Monday, while its rebar price was TRY 1,165 ($392)/mt ex-works - source: Platts

 

HRC/P

  • For SAE coil, traders’ offers for Chinese coil were at 385-395/mt CFR Vietnam for November shipment, a Vietnamese trader said. Offers from India, Japan and Taiwan were at $405/mt, $420/mt and $420/mt CFR Vietnam respectively. - source: Platts

 

  • S&P Global Platts kept its European hot rolled coil assessment stable Monday at €435-450/mt ex-works Ruhr. - source: Platts

 

  • US HRC price assessment stable at $520-$560/st  - source: Platts

 



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