Steel price report as of March 2, 2018

Posted on 02 March 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

4830

4840

3980

4170

4280

4440

4270

4280

4420

4540

4430

4830

4200

螺纹钢 Rebar HRB400

Φ16mm

4150

4100

4000

4110

4120

4240

4280

4200

4480

4500

4400

4860

4260

角钢 Angle Bar Q235

5#

4240

4220

4190

4310

4350

4320

4340

4410

4410

4560

4570

4550

4500

中厚板 Plate Q235

20mm

4160

4150

4140

4160

4220

4280

4200

4220

4360

4500

4280

4450

4180

热板卷 HRC Q235

3.0mm

4230

4210

4080

4250

4380

4270

4330

4400

4300

4620

4530

4700

4350

冷薄板 CRS SPCC

1.0mm

4830

4830

4930

4730

4770

4910

4850

4700

4750

4850

5290

4980

4830

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

4349

↓3

20mm HRB400 rebar

4259

↓3

2.75mm hot-rolled coil

4366

↓6

1.0mm cold-rolled coil

4830

↑4

8mm medium plate

4594

↓1

Source: SteelHome

 

 Long steel

Asia

China Exports

Metal Bulletin''s appraisal of Chinese mills'' prices for export of commercial-quality carbon steel, $ per tonne fob main China port.

China export rebar $ per tonne fob main port

585.63 / 585.63

01 Mar 2018

Eastern China Domestic

Metal Bulletin's appraisal of prices in eastern China for commercial-quality carbon steel of Chinese origin, yuan per tonne ex-warehouse.

Eastern China domestic rebar yuan per tonne ex-warehouse

4080 / 4120

01 Mar 2018

Northern China Domestic

 

Northern China Tangshan Domestic Billet ex-works Yuan per tonne

3750 / 3750

01 Mar 2018

Source: Metal Bulletin

 

  • Shagang's price for 16-25 mm diameter HRB400 rebar is increasing to Yuan 4,300/mt ($678/mt), including 17% VAT, a mill source said Thursday. Shagang also lifted the price of HPB300 6.5 mm wire rod to Yuan 4,230/mt including VAT. – source: Platts

 

Flat steel

Asia

China Exports

 

China export hot rolled coil $ per tonne fob main port

610.02 / 610.02

01 Mar 2018

Eastern China Domestic

Metal Bulletin's appraisal of prices in eastern China for commercial-quality carbon steel of Chinese origin, yuan per tonne delivered warehouse.

Eastern China domestic hot rolled coil yuan per tonne ex-warehouse

4170 / 4190

01 Mar 2018

Source: Metal Bulletin

 

  • Platts assessed China's domestic Q235 5.5 mm HRC at Yuan 4,170-4,180/mt ($658-659/mt) ex-stock with 17% VAT in Shanghai, implying a midpoint of Yuan 4,175/mt, up Yuan 15/mt day on day. On the Shanghai Futures Exchange, the most active May HRC contract closed at Yuan 4,094/mt on Thursday, up Yuan 7/mt from Wednesday. – source: Platts

 

 

Steel Prices in Other Countries

 

Scrap

  • S&P Global Platts assessed daily Midwest shredded scrap at $355.25/lt delivered mill on Thursday, up $5.25/lt on day. - source: Platts

 

Semis

Turkish Exports

Metal Bulletin's appraisal of Turkish mills' prices for export of commercial-quality carbon steel, $ per tonne fob main Turkish port.

Turkey export billet $ per tonne fob main port

570 / 580

01 Mar 2018

Turkish Domestic

Metal Bulletin's appraisal of prices within Turkey for commercial-quality carbon steel of Turkish origin, $ per tonne ex-works.

Turkey domestic billet $ per tonne exw

570 / 575

01 Mar 2018

Turkish Import

Metal Bulletin's appraisal of prices for imported commercial-quality carbon steel, $ per tonne of cfr main Turkish port.

Turkey import billet $ per tonne cfr main port

535 / 545

01 Mar 2018

Source: Metal Bulletin

 

  • Black Sea billet prices consolidated at around $530/mt FOB Thursday, as prompt shipment cargoes were finding buyers in Turkey, mostly integrated mills, sources told S&P Global Platts. source: Platts

 

  • S&P Global Platts assessed CIS export billet at $532.50/mt FOB Black Sea Thursday, up $1.50/mt on day. source: Platts

 

Bar/ Wire rod

Turkish Exports

Metal Bulletin's appraisal of Turkish mills' prices for export of commercial-quality carbon steel, $ per tonne fob main Turkish port.

Turkey export rebar $ per tonne fob main port

595 / 600

01 Mar 2018

Turkey export wire rod (mesh quality) $ per tonne fob main port

610 / 620

01 Mar 2018

Turkey export merchant bar $ per tonne fob main Turkish port

620 / 630

01 Mar 2018

Turkish Domestic

Metal Bulletin's appraisal of prices within Turkey for commercial-quality carbon steel of Turkish origin, $ per tonne ex-works.

Turkey domestic wire rod (mesh quality) $ per tonne exw

630 / 640

01 Mar 2018

Turkey domestic rebar $ per tonne exw

605 / 625

01 Mar 2018

Source: Metal Bulletin

 

  • S&P Global Platts assessed Turkish export rebar at $580/mt FOB Turkey Thursday, stable on Wednesday. source: Platts

 

  • In Hong Kong, an offer for Chinese 10-40 mm rebar was heard at $615/mt, up $15/mt from Wednesday, a local stockist said, adding offers for Taiwanese and Turkish rebar also rose by around $10/mt due to higher scrap prices. source: Platts

 

  • With Singapore's local rebar sales index equivalent to $535-$545/mt after taking into account the current market's discount level needed to win tenders, local stockists' ideal buying prices were unmoved at the low $550/mt CFR Singapore theoretical weight. - source: Platts

 

 

HRC/P

  • The S&P Global Platts TSI hot-rolled coil index was unchanged Thursday at Eur570/mt ($695.97/mt) ex-works Ruhr. - source: Platts

 

  • The daily Platts TSI US hot-rolled coil assessment increased by $15.75/st to $792.75/st as most offers and transactions approached $800/st. - source: Platts

  



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