Steel price report as of April 10, 2017

Posted on 11 April 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

3860

3540

3500

3860

3870

3870

3760

3800

4030

3960

3920

4190

3640

螺纹钢 Rebar HRB400

Φ16mm

3580

3590

3480

3640

3660

3720

3800

3720

4130

4040

3880

4160

3630

角钢 Angle Bar Q235

5#

3580

3560

3520

3630

3720

3710

3820

3850

3750

3900

4000

3840

3670

中厚板 Plate Q235

20mm

3480

3450

3550

3570

3610

3640

3480

3550

3710

3940

3820

3800

3630

热板卷 HRC Q235

3.0mm

3450

3450

3320

3520

3680

3600

3530

3700

3470

4060

3800

4000

3680

冷薄板 CRS SPCC

1.0mm

4520

4520

4600

3900

3980

4360

3900

3930

3880

4340

4800

4400

4370

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

3718

↓40

20mm HRB400 rebar

3638

↓45

2.75mm hot-rolled coil

3516

↓43

1.0mm cold-rolled coil

3915

↓60

8mm medium plate

3881

↓36

Source: SteelHome

 

Long steel

  • East China, domestic, grade III 16-25mm rebar, traded at 3,450-3,490 yuan ($500-506) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 3,350-3,400 yuan ($485-493) per tonne, including VAT. – source: Metal Bulletin

 

  • In Beijing’s retail market Monday, spot prices for 18-25mm diameter HRB400 rebar were assessed at Yuan 3,485-3,515/metric ton ($505-509/mt) ex-stock actual weight including 17% VAT, down Yuan 25/mt day-on-day. - source: Platts

 

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,210-3,230 yuan ($465-468) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,150-3,180 yuan ($456-461) per tonne, including VAT.  - source: Metal Bulletin

 

  • Eastern China’s Baosteel has lowered list prices after the latest price adjustment, the mill’s list prices for May-delivery Q235 5.5mm HRC are at 4,522-4,702 yuan ($654-680) per tonne, those for plate at 3,300 yuan ($478) per tonne, those for SPCC 1.0mm CRC at 5,596 yuan ($810) per tonne, and those for DX51D+Z 1.0mm HDG at 5,977-6,287 yuan ($865-910) per tonne. All prices are on an ex-works basis, excluding VAT. - source: Metal Bulletin

 

  • S&P Global Platts assessed SS400 HRC 3.0mm thick at $449/mt FOB China Monday, down $1/mt from last Friday and the lowest since November 21,2016.– source: Platts

 

 

Semis

  • China, billet, domestic, traded at 2,980 yuan ($432) per tonne, including VAT, at 3pm. – source: Metal Bulletin

 

Steel Prices in Other Countries

 

Scrap

  • Metal Bulletin’s assessment of import prices for USA-origin HMS 1&2 (80:20) in Taiwan was $255 per tonne cfr last week, narrowing downward by $3 per tonne from the previous week.  - source: Metal Bulletin

 

  • Platts concluded its April monthly assessment for shredded scrap at €250-260/mt delivered north Europe, down from €250-265/mt in March. - source: Platts

 

  • The Platts weekly assessment for clean steel scrap remained at Real 430/mt ($136/mt), based on a range of Real 420-440/mt for bids, offers and deals. - source: Platts

 

Semis

  • S&P Global Platts assessed CIS export billet at $395/mt FOB Monday, stable from Friday. - source: Platts

 

Bar/ Wire rod

  • Taiwan’s Feng Hsin Iron & Steel lowered its domestic rebar sales and scrap procurement prices by TWD 200/mt ($7/mt) effective April 10, trading sources in Taipei said Monday. - source: Platts

 

  • S&P Global Platts assessed Turkish export rebar at $430/metric ton FOB Turkey Monday, down $2.50/mt from Friday. - source: Platts

 

  • S&P Global Platts on April 10 assessed CIS rebar price at $425-$430/mt FOB Black Sea, up $2.50/mt month on month, and wire rod price at $445-$450/mt, also up $2.50/mt. – source: Platts

 

HRC/P

  • In Vietnam, the ideal purchasing prices for local buyers were below $450/mt CFR Vietnam (with assumed freight of $10/mt) for SAE coil Monday, much lower than the offer of $462-465/mt CFR Vietnam for Chinese coils, according to two traders in Vietnam and eastern China. Two mills from India and Taiwan offered $495-500/mtand $525-535/mt CFR Vietnam respectively for SAE coil, a Vietnamese re-roller said. - source: Platts

 

  • S&P Global Platts moved its northwest European hot rolled coil assessment down by €5/mt to €540-550/mt exworks Ruhr Monday. - source: Platts

 

  • US HRC prices steady at $650-$660/st – source: Platts

 

 

 


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