Steel price report as of March 17, 2017

Posted on 20 March 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

3970

3770

3670

3930

3990

4100

3880

3980

4240

4220

4020

4290

3810

螺纹钢 Rebar HRB400

Φ16mm

3850

3870

3630

3780

3820

3900

3920

3900

4210

4280

4030

4240

3750

角钢 Angle Bar Q235

5#

3730

3750

3720

3800

3760

3790

3940

3990

3930

4040

4090

3910

3850

中厚板 Plate Q235

20mm

3720

3700

3730

3690

3740

3780

3720

3650

3800

4110

3940

4050

3710

热板卷 HRC Q235

3.0mm

3780

3780

3640

3820

3910

3900

3940

3900

3840

4300

4070

4300

3900

冷薄板 CRS SPCC

1.0mm

4880

4880

4900

4520

4560

4720

4690

4350

4520

4870

5000

4840

4630

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

3961

↓4

20mm HRB400 rebar

3892

↓5

2.75mm hot-rolled coil

3920

↓11

1.0mm cold-rolled coil

4526

↓25

8mm medium plate

4114

↓6

Source: SteelHome

 

Long steel

East China, domestic, grade III 16-25mm rebar, traded at 3,670-3,710 yuan ($532-538) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 3,730-3,750 yuan ($541-543) per tonne, including VAT.– source: Metal Bulletin

Platts assessed 16-20mm diameter BS500 rebar at $442-443/mt FOB China actual weight, unchanged from Thursday. - source: Platts

 

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,600-3,630 yuan ($522-526) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,600-3,630 yuan ($522-526) per tonne, including VAT.  - source: Metal Bulletin

 

  • Platts assessed SS400 HRC 3.0mm thick at $495-500/mt FOB China, with the midpoint of $497.50/mt down $2.50/mt on day and at the lowest level since February 20.– source: Platts

 

 

Semis

  • China, billet, domestic, traded at 3,280 yuan ($475) per tonne, including VAT, at 3pm. – source: Metal Bulletin

 

Steel Prices in Other Countries

 

Scrap

  • Metal Bulletin’s import price assessment for USA-origin HMS 1&2 (80:20) was $278-280 per tonne cfr Taiwan for the week ended Friday March 17, narrowing downward by $4 per tonne from $278-284 per tonne cfr in the preceding week. - source: Platts

 

  • S&P Global Platts assessed the H2 scrap export price at Yen 30,500/mt FOB Tokyo Bay Wednesday, up Yen 250/mt from the previous week's midpoint at Yen 30,250/mt. - source: Platts

 

  • On Wednesday, Platts raised its east Asian bulk HMS I/II 80:20 scrap assessment to $315-323/mt CFR from $300-310/mt CFR. The implied midpoint of $319/mt CFR was $14/mt higher on week.

 

Semis

  • On Friday, S&P Global Platts weekly CFR East Asia 120/130mm billet assessment was at $435-$445/mt, compared to the previous week’s $440-$450/mt. The implied midpoint of $440/mt was $5/mt lower. - source: Platts

  

  • S&P Global Platts assessed its daily CIS export billet price at $410/mt FOB Black Sea Friday, stable on day. - source: Platts

 

Bar/ Wire rod

  • S&P Global Platts assessed Turkish export rebar at $445/mt Friday, stable from Thursday. - source: Platts

 

  • The S&P Global Platts weekly assessment for 10 mm diameter rebar held flat at an average midpoint of Real 1,816/mt ($585.74/mt) ex-works, taxes excluded, based on a range of Real 1,790-1,842/mt. - source: Platts

 

  • On Friday, 17 March, Platts decreased its weekly Russian domestic rebar assessment to Rubles 25,700-26,000 ($445-450)/mt CPT Moscow, Rubles 1,100 ($19)/mt lower week on week. - source: Platts

 

  • Egypt (Beshay Steel), domestic, rebar, offered at E£9,800 ($539) per tonne ex-works including 13% VAT. – source: Metal Bulletin

 

 

HRC/P

  • The same grade coil was assessed at $503-508/mt CFR East Asia, down $4/mt from the previous week. In Shanghai’s dealer market the same day, Q235 5.5mm HRC was assessed at Yuan 3,630-3,650/mt ($526-529/mt) ex-stock with 17% VAT, down Yuan 10/mt on day. - source: Platts

 

  • S&P Global Platts maintained its daily HRC and CRC assessments at $640-$650/st and $840-$860/st, respectively. Both prices are normalized to a Midwest (Indiana) ex-works basis. - source: Platts

 

  • S&P Global Platts cut the midpoint of its north European hot rolled coil assessment by €3/mt Friday, taking the range to €565-575/mt ($607.21-$617.95/mt) ex-works Ruhr. – source: Platts

 

  • US HRC prices hold at $640-$650/st – source: Platts

 

  • Turkey, domestic, hot rolled coil, traded at $540-550 per tonne ex-works, May production.

 

  • Turkey, domestic, hot rolled coil, offered at $550-560 per tonne ex-works, May production.

 

  • Turkey, export, hot rolled coil, offered at $530-535 per tonne fob. – source: Metal Bulletin

 

  • Russia, export, hot rolled coil, traded at $500-515 per tonne cfr, to Turkey, May shipping. – source: Metal Bulletin

  



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