Posted on 31 July 2017

 

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	4140	3780	3740	3940	3930	4010	3890	4000	4000	3950	3960	4380	3820
螺纹钢 Rebar HRB400	Φ16mm	3840	3740	3650	3820	3820	3810	3910	3930	4020	3960	4070	4300	4040
角钢 Angle Bar Q235	5#	3910	3850	3880	3810	3780	3760	4020	3940	3900	4080	4070	4300	3920
中厚板 Plate Q235	20mm	3610	3570	3650	3570	3610	3690	3640	3650	3680	3900	3800	3980	3610
热板卷 HRC Q235	3.0mm	3850	3800	3740	3890	3980	3940	3910	3850	3900	4120	3980	4230	3920
冷薄板 CRS SPCC	1.0mm	4270	4270	4460	4230	4260	4550	4330	4200	4330	4420	5190	4510	4370

Source: CISA  

 

Average price	Price (yuan per ton)	Up/down (from the previous day)
8mm HPB300 high speed wire rod	3979	↑40
20mm HRB400 rebar	3938	↑33
2.75mm hot-rolled coil	3997	↑52
1.0mm cold-rolled coil	4350	↑41
8mm medium plate	4068	↑36

Source: SteelHome

 

Long steel

• East China, domestic, grade III 16-25mm rebar, traded at 3,710-3,770 yuan ($550-559) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 3,670-3,720 yuan ($545-552) per tonne, including VAT.   – source: Metal Bulletin

 

Flat steel

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,770-3,800 yuan ($559-564) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,700-3,720 yuan ($549-552) per tonne, including VAT.  - source: Metal Bulletin

 

• China, export, hot rolled coil, offered at $545 per tonne cfr, to Brazil. - source: Metal Bulletin

 

• S&P Global Platts assessed SS400 HRC 3mm thick at $508/mt FOB China, up $3/mt on day. – source: Platts

 

• Platts assessed Q235 5.5mm HRC at Yuan 3,770-3,790/mt ($559-562/mt) ex-stock with 17% VAT, implying a mid-point of Yuan 3,780/mt that was up Yuan 20/mt day on day. – source: Platts

 

 

Semis

• China, billet, domestic, traded at 3,470 yuan ($515) per tonne, including VAT, at 3pm.  – source: Metal Bulletin

 

Steel Prices in Other Countries

 

Scrap

• Platts assessed East Asian bulk HMS I/II 80:20 scrap at $303-305/mt CFR Wednesday, up from $285-$295/mt CFR in the previous week. The midpoint of $304/mt CFR is $14/mt higher on week.  - source: Platts

 

• The Steel Index assessed Turkish imports HMS 1&2 80:20 scrap at $310/mt CFR Iskenderun Port, up 3.7% on week, and US domestic shredded scrap at $296/lt delivered US mill, flat on week. - source: Platts

 

• Metal Bulletin’s daily scrap index for HMS 1&2 (80:20) from Northern Europe reached $312.68 per tonne cfr Turkey on Friday, up from $295.94 per tonne a week earlier. – source: Metal Bulletin

 

Semis

• On Friday, S&P Global Platts raised its weekly CFR East Asia 120/130mm billet assessment to $470-475/mt CFR. The implied midpoint of $472.5 was $7.5 higher on week. - source: Platts

 

• S&P Global Platts assessed CIS export billet at $445/mt on Friday, up $1/mt from Thursday. - source: Platts

 

Bar/ Wire rod

• The Asian seaborne rebar market rose Friday. S&P Global Platts assessed 16-20mm diameter BS500 rebar at $493-495/mt FOB China actual weight, up $5/mt from Thursday. - source: Platts

 

• S&P Global Platts assessed Turkish export rebar at $485/mt Friday, up $5/mt from Thursday. - source: Platts

 

HRC/P

• S&P Global Platts maintained its northwest European hot-rolled coil price assessment at €495-505/mt ($581.87-593.63)/mt ex-works Ruhr Friday. - source: Platts

 

• US HRC price assessment steady at $620-$630/st  - source: Platts

 

• Turkey, domestic, hot rolled coil, traded at $530 per tonne ex-works, October production. Turkey, export, hot rolled coil, traded at $520-530 per tonne fob, to Europe. – source: Metal Bulletin 

 

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