Steel price report as of February 27, 2017

Posted on 28 February 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

3840

3660

3590

3870

3950

3990

3740

3890

3920

3980

4070

4130

3750

螺纹钢 Rebar HRB400

Φ16mm

3640

3590

3500

3680

3700

3700

3800

3800

3890

4050

3900

4000

3730

角钢 Angle Bar Q235

5#

3750

3730

3720

3720

3630

3710

3850

3880

3840

3950

3910

3750

3850

中厚板 Plate Q235

20mm

3700

3640

3650

3780

3770

3880

3640

3750

3800

4100

3900

4120

3700

热板卷 HRC Q235

3.0mm

3940

3940

3770

4010

3990

4040

4040

3980

3990

4280

4200

4400

4060

冷薄板 CRS SPCC

1.0mm

5140

5140

5040

4790

4830

4890

4840

4760

4900

5120

5040

5000

4830

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

3935

↑99

20mm HRB400 rebar

3861

↑111

2.75mm hot-rolled coil

4066

↑43

1.0mm cold-rolled coil

4769

↑5

8mm medium plate

4162

↑49

Source: SteelHome

 

Long steel

  • East China, domestic, grade III 16-25mm rebar, traded at 3,670-3,700 yuan ($534-538) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 3,700-3,730 yuan ($538-543) per tonne, including VAT.– source: Metal Bulletin

 

  • Platts assessed 16-20mm diameter BS500 rebar at $440-442/metric ton FOB China actual weight, unchanged from Thursday. - source: Platts

 

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,830-3,860 yuan ($557-562) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,790-3,810 yuan ($552-554) per tonne, including VAT.  - source: Metal Bulletin

 

  • China, base export offer price for commercial-grade, boron-containing HRC, traded at $515-525 per tonne fob, March/April shipments. - source: Metal Bulletin

 

  • Platts assessed SS400 HRC 3.0mm thick at $505-513/metric ton FOB China, flat on day. The same grade coil was assessed at $513-521/mt CFR East Asia, up $11.50/mt from the previous week. In Shanghai’s dealer market the same day, Q235 5.5mm HRC was assessed at Yuan 3,750-3,770/mt ($546-549/mt) ex-stock with 17% VAT, down Yuan 30/mt on day. – source: Platts

 

  • Northern China-based steelmaker Shougang cut its February hot rolled coil list prices by Yuan 530/metric ton ($77/mt) to the northern China market, by Yuan 650/mt for those for eastern China sales and by Yuan 600/mt for southern China, a company official told Platts Friday, February 24. – source: Platts

 

Semis

  • China, billet, domestic, traded at 3,310 yuan ($482) per tonne, including VAT, at 3pm. – source: Metal Bulletin

 

Steel Prices in Other Countries

 

Scrap

  • Platts assessed US Midwest shredded scrap at $315-$320/lt delivered mill on Friday, up $30/lt. - source: Platts

 

Semis

  • On Friday, S&P Global Platts assessed its weekly CFR East Asia 120/130mm billet price at $430-$440/metric ton, up from the previous week's $430-$437/mt CFR. The implied midpoint of $435/mt was $1.50/mt higher on week. - source: Platts

 

  • In Manila, 20,000 mt of 100mm billet from Russia, for May shipment, was ordered Thursday at $440-445/mt CFR, a trader heard. Another Russian mill was offering 20,000 mt of 125mm billet, for shipment by April 15, at $440/mt CFR Manila. - source: Platts

 

  • S&P Global Platts assessed its daily CIS export billet price at $400/metric ton FOB Black Sea Friday, up $5/mt on day. - source: Platts

 

  • Metal Bulletin’s weekly price assessment for CIS billet exports narrowed upwards to $385-400 per tonne fob Black Sea on Monday, compared with the previous range of $380-400 per tonne fob. – source: Metal Bulletin

 

Bar/ Wire rod

  • S&P Global Platts assessed Turkish export rebar at $432.50 metric ton FOB Turkey Friday, stable on day. - 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 ($585.12/mt) ex-works, taxes excluded, based on a range of Real 1,790-1,842/mt. - source: Platts

 

HRC/P

  • S&P Global Platts maintained its north European hot rolled coil price assessment at €565-575/metric ton ($598.06-608.64/mt) ex-works Ruhr Friday. - source: Platts

 

  • Platts increased its daily CIS HRC price assessment to $480-$495/mt, up by $7.50/mt. The CRC price assessment increased by $7.50/mt to $545-$555/mt. – source: Platts

 

  • Hot rolled coil (HRC) has been on offer from Russia at $495-500 per tonne cfr since mid-February, but no major deals were heard over the past week. – source: Metal Bulletin

 

 

  



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