Steel price report as of October 12, 2018

Posted on 12 October 2018
 

 

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

5300

5400

4430

4700

4780

4790

4570

4670

4750

4880

4530

4530

4430

螺纹钢 Rebar HRB400

Φ16mm

4390

4360

4300

4550

4570

4530

4560

4540

4690

4550

4520

4640

4470

角钢 Angle Bar Q235

5#

4310

4330

4320

4260

4380

4330

4410

4500

4430

4700

4650

4600

4550

中厚板 Plate Q235

20mm

4250

4250

4350

4380

4320

4400

4340

4370

4550

4710

4240

4590

4350

热板卷 HRC Q235

3.0mm

4220

4300

4180

4320

4420

4320

4320

4440

4390

4620

4400

4600

4250

冷薄板 CRS SPCC

1.0mm

4830

4830

4900

4800

4850

4880

4910

4900

4790

4880

5450

5000

4780

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

4751

↑4

20mm HRB400 rebar

4560

↑4

2.75mm hot-rolled coil

4385

↓4

1.0mm cold-rolled coil

4856

↓1

8mm medium plate

4714

↓3

Source: SteelHome

 

Long steel

  • China export rebar index, $567.76 per tonne fob main port. – source: Metal Bulletin

 

  • Eastern China domestic hot rolled coil yuan 4,230 - 4,240 per tonne ex-warehouse. – source: Metal Bulletin

 

  • 6.5mm diameter mesh grade wire rod with alloy is assessed at $565-570/tonne fob China, down $2.5/t compared with last week. A market trader revealed that 400-tonne deals for wire rod dealt higher than $570/t this week, for shipment to Africa after one month. Last week the same trader also made 500t deals of wire rod to Africa. – source: Kallanish

 

Flat steel

  • China export hot rolled coil index, $555.63 per tonne fob main port – source: Metal Bulletin

 

  • On the Shanghai Futures Exchange the January 2019 rebar contract closed at CNY 4,056/tonne ($586/t), just CNY 1/t higher than Wednesday, while the same contract for hot rolled coil closed down CNY 30/t at CNY 3,909/t. The relatively stable prices same despite a continued increase in daily trading volumes. – source: Kallanish

 

 

Steel Prices in Other Countries

 

Scrap

  • One Turkish mill booked an unspecified tonnage of HMS 1&2 80:20 at $327.5/tonne cfr Turkey from the Baltic. This compares to a Baltic-origin cargo booked last at $328/t following a US-origin deal concluded at $327/t. The second cargo this week was Benelux-origin for 20,000 tonnes of HMS 75:25, 5,000t shredded, 7,000t HMS1, 2,000t busheling and 6,000t cut rebar at an average of $325/t. – source: Kallanish

 

  • Daily Metal Bulletin Ferrous scrap Index HMS 1&2 (80:20 mix) (North Europe material) $320.17 per tonne cfr Turkey

            Daily Metal Bulletin Ferrous scrap Index HMS 1&2 (80:20 mix) (USA material) $328.57 per tonne cfr Turkey – source: Metal Bulletin

 

Semis

  • South East Asia Import Billet $510 - 515 per tonne cfr  - source: Metal Bulletin

 

  • CIS export billet index fob Black Sea $463 per tonne. - source: Metal Bulletin

 

  • The Italian market is extremely quiet due to both domestic and international steel market uncertainty and falling long prices according to market sources. No Black Sea billet bookings from Italy have been registered over the past two weeks. Meanwhile Italian domestic billet prices for material purchased by smaller re-rollers have lost €5-10/tonne ($5.8-11.6/t) m-o-m and are now hovering at €410-415/t ex-works on average. – source: Kallanish

 

Bar/ Wire rod

  • SAE 1008 6.5mm diameter wire rod is assessed $2.5/t lower by Kallanish on Thursday at $580/t cfr Manila..- source: Kallanish

 

HRC/P

  • Kallanish currently puts A36 material at $940-960/st, where it has been relatively stable for the past several weeks. All prices are ex-works, domestic mill. - source: Kallanish

 

  • Prior to Nucor’s increase, Kallanish put hot-rolled at $830-880/st with cold-rolled at $950-1,000/st. All prices are ex-works, domestic mill, and updated each Monday..- source: Kallanish

 

  • USA domestic hot rolled sheet index, $815.2 per short ton fob mill. – source: Metal Bulletin


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