Steel price report as of January 17, 2017

Posted on 17 January 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

3390

3240

3170

3580

3550

3440

3270

3320

3610

3640

3480

3800

3380

螺纹钢 Rebar HRB400

Φ16mm

3080

3070

3050

3260

3290

3180

3330

3220

3600

3680

3350

3760

3250

角钢 Angle Bar Q235

5#

3290

3280

3320

3350

3410

3380

3540

3520

3470

3570

3700

3350

3480

中厚板 Plate Q235

20mm

3400

3400

3440

3400

3420

3480

3360

3450

3720

3950

3810

4080

3460

热板卷 HRC Q235

3.0mm

3900

3900

3680

3900

3950

3900

3880

3900

3900

4150

4100

4300

3900

冷薄板 CRS SPCC

1.0mm

4850

4850

4830

4750

4830

4810

4760

4740

4800

5060

5100

4850

4750

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

3479

↑25

20mm HRB400 rebar

3358

↑29

2.75mm hot-rolled coil

3988

↑12

1.0mm cold-rolled coil

4714

↑2

8mm medium plate

3916

↑11

Source: SteelHome

 

Long steel

  • East China, domestic, grade III 16-25mm rebar, traded at 3,250-3,280 yuan ($471-475) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 3,020-3,050 yuan ($438-442) per tonne, including VAT. – source: Metal Bulletin

 

  • Platts assessed 16-20mm diameter BS500 rebar at $429/metric ton FOB China actual weight on January 16, up $3/mt from last Friday. - source: Platts

  

Flat steel

  • China, base export offer prices for commercial-grade, boron-containing HRC, $510-520 per tonne fob, February/March shipments. – source: Metal Bulletin

 

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded 3,800-3,850 yuan ($551-558) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,730-3,750 yuan ($540-543) per tonne, including VAT.  source: Metal Bulletin

 

  • Platts assessed SS400 hot rolled coil 3.0mm thick at $500/metric ton FOB China, up $2.50/mt from last Friday. In Shanghai’s dealer market, Q235 5.5mm HRC was assessed at Yuan 3,810-3,830/mt ($552-555/mt) ex-stock with 17% VAT, up Yuan 35/mt from Friday.– source: Platts

 

 

Semis

  • China, billet, domestic, traded at 2,920 yuan ($423) per tonne, including VAT, at 3pm. – source: Metal Bulletin

 

  • Tangshan billet prices: 2,880 yuan ($417) per tonne, up 40 yuan ($5.80) per tonne from last Friday. – source: Metal Bulletin

 

Steel Prices in Other Countries

 

Scrap

  • Metal Bulletin’s daily index for Northern Europe-origin HMS 1&2 (80:20) closed at $278.88 per tonne cfr, the same level as Friday’s index. - source: Metal Bulletin

 

  • The daily index for USA-origin material was also unchanged at $287.32 per tonne cfr, with the premium for US material over Northern European scrap at $8.44 per tonne on January 16. - source: Metal Bulletin

 

  • The S&P Global Platts weekly assessment for clean steel scrap increased 1.8% to Real 410/metric ton ($127/mt), based on a range of Real 400-420/mt for bids, offers and deals. At the beginning of the month, clean steel scrap prices were at $390-415/mt.- source: Platts

 

Semis

  • S&P Global Platts assessed its daily CIS export billet price at $390/metric ton FOB Black Sea Monday, down $5/mt on day. - source: Platts

 

 

Bar/ Wire rod

  • Tokyo Steel’s price for SS400 senior-sized H-beams will be Yen 78,000/mt for February contracts, and price for SD295 base-sized rebar becomes Yen 56,000/mt.- source: Platts

 

  • S&P Global Platts assessed Turkish export rebar at $425/mt FOB on Monday, unchanged on day. - source: Platts

 

HRC/P

  • S&P Global Platts increased the midpoint of its north European hot rolled coil assessment by €2.50/metric ton on Monday, taking the range to €560-570/metric ton ex-works Ruhr. - source: Platts

 

  • Metal Bulletin sister publication AMM’s price assessment for HRC has, nonetheless, increased to $31 per cwt ($620 per ton), up 3.30% from $30 per cwt ($600 per ton) two weeks ago and up 31.90% from early November's $23.50 per cwt ($470 per ton). – source: Metal Bulletin

 

 

  



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