Steel price report as of June 29, 2017

Posted on 29 June 2017
 

Steel Prices in China

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

3745

↑14

20mm HRB400 rebar

3758

↑17

2.75mm hot-rolled coil

3745

↑28

1.0mm cold-rolled coil

3991

↑35

8mm medium plate

3828

↑25

 

Source: SteelHome

 

Long steel

  • East China, domestic, grade III 16-25mm rebar, traded at 3,550-3,600 yuan ($522-529) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 3,590-3,610 yuan ($528-531) per tonne, including VAT. – source: Metal Bulletin

 

  • S&P Global Platts on Wednesday assessed 16-20mm diameter BS500 rebar at $445-446/mt FOB China actual weight, up $5.5/mt from Tuesday. - source: Platts

 

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,530-3,550 yuan ($519-522) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,540-3,550 yuan ($520-522) per tonne, including VAT. - source: Metal Bulletin

 

  • S&P Global Platts assessed SS400 HRC 3mm thick at $458-460/mt FOB China, with a midpoint of $459/mt that was up $3/mt on day. – source: Platts

 

  • Platts assessed Q235 5.5mm HRC at Yuan 3,510-3,530/mt ($516-519/mt) ex-stock with 17% VAT Wednesday, implying a midpoint of Yuan 3,520/mt, up Yuan 80/mt day on day. – source: Platts

 

 

Semis

  • As at 3pm, billet was being traded at 3,340 yuan ($491) per tonne including VAT in Tangshan, up 40 yuan ($6) per tonne from Wednesday. – source: Metal Bulletin

 

Steel Prices in Other Countries

 

Scrap

  • Prices for Taiwanese containerized HMS # 1&2 80:20 imports gained ny $4 a ton to reach $242 a ton during the week ended June 02, according to the figures from The Steel Index.

  • Nordic producer Ovako will keep its July scrap surcharge steady at June’s level of SEK 2,049/mt (€209.7/mt) for hot rolled products. Since it peaked at SEK 2,207/mt in April, the surcharge has come down by more than 7%. - source: Platts

 

Semis

  • S&P Global Platts assessed CIS export billet at $401/mt Wednesday, stable on day. - source: Platts

 

Bar/ Wire rod

  • On Wednesday, S&P Global Platts daily rebar price assessment remained unchanged at $430/mt FOB Turkey. - source: Platts

 

  • S&P Global Platts assessed Turkish export rebar at $430/metric ton Wednesday, stable from Tuesday. - source: Platts

 

  • Platts assessed 6.5mm diameter mesh-quality rod at $457/metric ton FOB China, up $2/mt from the previous Wednesday. – source: Platts

 

HRC/P

  • Metal Bulletin’s assessment of HRC import prices into Southeast Asia – which takes into account Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam – was unchanged at $455-463 per tonne cfr on Monday June 26, due to a public holiday taking place in Singapore on that day. – source: Metal Bulletin

 

  • On Wednesday 28 June, Platts raised its daily assessment of CIS HRC price to $445-455/mt FOB Black Sea, up $7.5/mt day on day - source: Platts

 

  • S&P Global Platts maintained its northwest European hot-rolled coil assessment at €485-495 ($550.72-562.07)/mt ex-works Ruhr Wednesday. - source: Platts

 

  • US HRC price assessment stable at $600-$610/st – source: Platts

 

  



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