Steel price report as of November 21, 2016

Posted on 22 November 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

2970

2980

2900

2980

3040

3200

3140

3050

3320

3400

3470

3720

3090

螺纹钢 Rebar HRB400

Φ16mm

2830

2950

2700

2910

2920

2980

3120

2920

3360

3540

3280

3660

2950

角钢 Angle Bar Q235

5#

2960

2800

3040

2910

2870

2930

3000

3080

2950

3180

3030

3210

3000

中厚板 Plate Q235

20mm

3150

3100

3120

3130

3160

3140

3080

3220

3110

3340

3370

3620

3190

热板卷 HRC Q235

3.0mm

3470

3350

3120

3520

3500

3410

3380

3430

3400

3700

3710

3700

3400

冷薄板 CRS SPCC

1.0mm

4300

4100

4080

4190

4310

4200

4220

4190

4290

4380

4460

4170

4200

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

3061

↓17

20mm HRB400 rebar

2999

↓18

2.75mm hot-rolled coil

3464

↓11

1.0mm cold-rolled coil

4245

↓9

8mm medium plate

3504

↓15

Source: SteelHome

 

Long steel

  • East China, domestic, grade III 16-25mm rebar, traded at 2,780-2,820 yuan ($404-409) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 2,730-2,750 yuan ($396-399) per tonne, including VAT. – source: Metal Bulletin

 

  • Shagang also held its HPB300 wire rod price steady at Yuan 3,180/mt including VAT for sales up to the end of the month. - source: Platts

 

  

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,230-3,260 yuan ($469-473) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,100-3,150 yuan ($450-457) per tonne, including VAT. – source: Metal Bulletin

 

  • China, base export offer price for commercial-grade, boron-containing HRC, traded at $475-485 per tonne fob, January/February shipments.  source: Metal Bulletin

 

  • Platts assessed SS400 HRC 3.0mm thick at $440-445/metric ton FOB China, flat on day. In Shanghai’s dealer market, Q235 5.5mm HRC was assessed at Yuan 3,230-3,250/mt ($468-471/mt) ex-stock with 17% VAT, down Yuan 5/mt on day.– source: Platts

  

Semis

  • China, billet, domestic, traded at 2,420 yuan ($351) per tonne, including VAT. – 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 $266.27 per tonne cfr, unchanged day-on-day. - source: Metal Bulletin

 

  • The daily index for USA-origin material closed at $275.12 per tonne cfr, also unchanged day-on-day. - source: Metal Bulletin

 

Semis

  • S&P Global Platts assessed its daily CIS export billet price at $387.50/metric ton FOB Black Sea Monday, down $2.50/mt on day. - source: Platts

 

  • Kardemir reopened its domestic billet sales at much higher prices on Monday. The company set its new sales price for standard billet at $392-397/mt ex-works, significantly up $29/mt on its previous list price. Imported billet offers to Turkey in recent days have been generally around $400/mt CFR. - source: Platts

 

 

Bar/ Wire rod

  • Platts assessed 16-20mm diameter BS500 rebar at $384-386/metric ton FOB China actual weight, down $5/mt on the day. - source: Platts

 

  • S&P Global Platts on Monday raised its weekly US Midwest rebar assessment to $510-$525/st ex-works. This is up from $480-$495/st.- source: Platts

 

  • S&P Global Platts assessed Turkish export rebar at $437.50/metric ton FOB Monday, stable from Friday. - source: Platts

 

HRC/P

  • Turkey, domestic, hot rolled coil, offered at $520-525 per tonne ex-works, February production. Turkey, export, hot rolled coil, offered at $510-515 per tonne ex-works, February production. - source: Metal Bulletin

 

  •  Russia, export, hot rolled coil, offered at $500 per tonne cfr, to Turkey. source: Metal Bulletin

 

  • Ukraine, export, hot rolled coil, offered at $485-490 per tonne cfr, to Turkey.  - source: Metal Bulletin

 

  • S&P Global Platts raised its daily cold-rolled coil assessment on Monday to $750-780/st from $740-$780/st. The hot-rolled coil assessment remained flat at $530-$560/st. Both assessments are normalized to an ex-works Midwest (Indiana) basis.- source: Platts 


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