Steel price report as of September 18, 2017

Posted on 18 September 2017
 

Steel Prices in China

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

4381

↓18

20mm HRB400 rebar

4181

↓22

2.75mm hot-rolled coil

4379

↓19

1.0mm cold-rolled coil

4748

↓10

8mm medium plate

4483

↓15

Source: SteelHome

 

Long steel

  • East China, domestic, grade III 16-25mm rebar, traded at 4,000-4,040 yuan ($610-616) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 3,950-3,990 yuan ($603-609) per tonne, including VAT. – source: Metal Bulletin

 

  • China’s Baosteel raised the list prices for its flat steel products by 150-300 yuan per tonne while central China’s Wuhan Iron & Steel announced increments of 150-200 yuan per tonne. – source: Metal Bulletin

 

  • S&P Global Platts assessed 16-20mm diameter BS500 rebar at $559-561/mt FOB China actual weight, with the midpoint unchanged from Thursday. – source: Platts

 

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,160-4,190 yuan ($635-639) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,130-4,150 yuan per tonne, including VAT.- source: Metal Bulletin

 

  • Platts Steel, HRC/Chinese: Offer heard Friday, September 15, for SS400 3-12mm thick at $605/mt FOB China, according to Korean trader – source: Platts

 

Semis

  • China, billet, domestic, traded at 3,720 yuan ($568) per tonne, including VAT, at 3pm.   – source: Metal Bulletin

 

Steel Prices in Other Countries

 

Scrap

  • Platts assessment price for East Asian bulk HMS I/II 80:20 scrap remained unchanged at $350-$354/mt CFR Wednesday, from the previous week.  - source: Platts

 

  • S&P Global Platts assessed Japanese H2 grade ferrous scrap export price at Yen 32,500-33,000/mt FOB Tokyo Bay Wednesday, midpoint of Yen 32,750/mt FOB is Yen 250/mt higher from last week’s assessment. - source: Platts

 

Semis

  • S&P Global Platts dropped its weekly CFR East Asia 120/130mm billet assessment to $543-548/mt CFR. The implied midpoint of $545.5/mt was $2/mt lower from the previous week. - source: Platts

 

  • S&P Global Platts assessed CIS export billet at $525/mt Friday, unchanged on Thursday. - source: Platts

 

  • Platts Steel, slab/CIS: Russian mill offered November readiness slab at $545/mt FOB, according to a trader. - source: Platts

 

Bar/ Wire rod

  • Egypt (Beshay Steel), domestic, rebar, offered at E£11,970 ($677) per tonne ex-works including 14% VAT. - source: Metal Bulletin

 

  • S&P Global Platts on Wednesday raised its daily US Southeast rebar assessment to $550-$560/st ex-works, up from $540-$560/st. - source: Platts

 

  • S&P Global Platts assessed Turkish export rebar at $555/mt FOB Friday, unchanged on day. - source: Platts

 

HRC/P

  • Platts Steel, HRC/Indian: Offer heard Friday, September 15, for Indian SAE1006 at $595/mt CFR Vietnam, for November shipment, according to Vietnamese re-roller. - source: Platts

 

  • Turkey, domestic, hot rolled coil, offered at $620-640 per tonne ex-works, November production.  - source: Platts

 

  • US HRC price assessment unchanged at $620-$640/st. source: Platts

 

  • Russia (MMK), export, hot rolled coil, offered at $630 per tonne cfr, to Turkey. - source: Metal Bulletin

 

  • Ukraine, export, hot rolled coil, offered at $620 per tonne cfr, to Turkey. - source: Metal Bulletin

  



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