Steel price report as of December 9, 2016

Posted on 09 December 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

3100

3050

3100

3450

3500

3490

3370

3400

3600

3800

3620

3860

3370

螺纹钢 Rebar HRB400

Φ16mm

3060

3020

3020

3330

3270

3230

3400

3380

3640

3840

3530

3850

3350

角钢 Angle Bar Q235

5#

3230

3230

3340

3250

3130

3130

3260

3240

3340

3370

3410

3360

3340

中厚板 Plate Q235

20mm

3470

3420

3390

3400

3420

3570

3420

3470

3660

3880

3700

3880

3560

热板卷 HRC Q235

3.0mm

3900

3900

3640

3890

3930

3840

3840

3740

3920

4120

4090

4250

3900

冷薄板 CRS SPCC

1.0mm

4510

4510

4560

4670

4660

4570

4720

4500

4660

4930

4980

4420

4590

                               

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

3383

↑41

20mm HRB400 rebar

3339

↑38

2.75mm hot-rolled coil

3924

↑69

1.0mm cold-rolled coil

4570

↑41

8mm medium plate

3858

↑37

Source: SteelHome

 

Long steel

  • East China, domestic, grade III 16-25mm rebar, traded at 3,270-3,300 yuan ($475-479) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 3,000-3,030 yuan ($435-440) per tonne, including VAT. – source: Metal Bulletin

 

  • Platts assessed 16-20mm diameter BS500 rebar at $435-439/metric ton FOB China actual weight, unchanged on the day. – source: Platts

 

 

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,750- 3,770 yuan ($544-547) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,660-3,680 yuan ($531-534) per tonne, including VAT. – source: Metal Bulletin

 

  • Platts assessed SS400 HRC 3.0mm thick at $499-502/metric ton FOB China Thursday, with a midpoint of $500.50/mt that was up $8/mt on day. In Shanghai’s dealer market, Q235 5.5mm HRC was assessed at Yuan 3,790-3,800/mt ($551-553/mt) ex-stock with 17% VAT, down Yuan 15/mt on day. – source: Platts

 

 

Semis

  • As at 3pm, billet was being traded at 2,870 yuan ($417) per tonne including VAT in Tangshan, unchanged from Wednesday. – source: Metal Bulletin

 

Steel Prices in Other Countries

 

Scrap

  • Metal Bulletin’s daily index for Northern Europe-origin HMS 1&2 (80:20) closed on Thursday at $263.79 per tonne cfr, unchanged day-on-day. - source: Metal Bulletin

 

  • The daily index for USA-origin material, meanwhile, closed at $273.07 per tonne cfr, also unchanged day-on-day - source: Metal Bulletin

 

Semis

  • Russia (Metalloinvest), export, billet offered at $395-400 per tonne fob Black Sea.   - source: Metal Bulletin

 

  •  S&P Global Platts assessed its daily CIS export billet price at $390/metric ton FOB Black Sea Thursday, unchanged on-day. - source: Platts

 

  

Bar/ Wire rod

  • S&P Global Platts on Thursday raised its daily US Southeast rebar assessment to $510-$520/st ex-works, up from $500-$510/st ex-works.- source: Platts

 

  • S&P Global Platts assessed Turkish export rebar at $417.5/metric ton FOB Turkey Thursday, down $7.5/mt onday. - source: Platts

 

HRC/P

  • Philippine buyers were willing to place orders at $502/mt FOB China for SS400 HR sheet as they are lacking inventory for normal operation, an eastern China trader said. In Vietnam, Chinese offers jumped to $535-545/mt CFR Vietnam for SAE coil, a local trader said. A deal of 20,000 mt SAE from an Indian mill was concluded at $505/mt CFR Vietnam the day before and offers increased to $520/mt CFR Vietnam Thursday, a second local trader said. A Russian mill offered $545/mt CFR Vietnam for the same grade coil, a Vietnamese re-roller said. - source: Platts


  • Saudi Arabia, domestic (Hadeed Sabic), hot rolled coil (2mm), offered at 2,235 riyals ($596) per tonne ex-works, January-February shipping. Saudi Arabia, domestic (Hadeed Sabic), hot rolled coil (1.5mm), offered at 2,275 riyals ($606) per tonne ex-works, January-February shipping.  - source: Metal Bulletin

  

  • US HRC price assessment advances to $580-$600/st - source: Platts 


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