Steel price report as of August 7, 2017

Posted on 08 August 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

4180

3850

3810

4080

4060

4050

3930

4030

4040

4080

4000

4410

3900

螺纹钢 Rebar HRB400

Φ16mm

3860

3780

3720

3920

3890

3870

3930

3960

4080

4040

4120

4370

4060

角钢 Angle Bar Q235

5#

4010

3920

4030

3910

3930

3860

4050

3990

4000

4120

4140

4300

4020

中厚板 Plate Q235

20mm

3650

3620

3720

3640

3730

3690

3670

3680

3730

3950

3870

4100

3690

热板卷 HRC Q235

3.0mm

3910

3830

3840

3980

4050

4000

4000

3950

4000

4180

4050

4300

4010

冷薄板 CRS SPCC

1.0mm

4370

4370

4560

4390

4390

4500

4440

4350

4430

4460

5190

4600

4570

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

4203

↑153

20mm HRB400 rebar

4134

↑135

2.75mm hot-rolled coil

4234

↑169

1.0mm cold-rolled coil

4560

↑136

8mm medium plate

4288

↑164

Source: SteelHome

 

Long steel

  • East China, domestic, grade III 16-25mm rebar, traded at 4,030-4,080 yuan ($599-606) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 3,920-3,950 yuan ($582-587) per tonne, including VAT. – source: Metal Bulletin

 

  • S&P Global Platts assessed 16-20mm diameter BS500 rebar at $527-531/mt FOB China actual weight, up $9/mt from Friday. – source: Platts

 

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,110-4,150 yuan ($610-616) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,010-4,050 yuan ($596-602) per tonne, including VAT. - source: Metal Bulletin

 

  • S&P Global Platts assessed SS400 HRC 3mm thick at $536-540/mt FOB China, with the midpoint of $538/mt that was up $8/mt from last Friday and the highest price since September 5, 2013. – source: Platts

 

  • Platts assessed Q235 5.5mm HRC at Yuan 4,160-4,180/mt ($619-622/mt) ex-stock with 17% VAT, up Yuan 210/mt from last Friday. – source: Platts

 

Semis

  • China, billet, domestic, traded at 3,750 yuan ($557) per tonne, including VAT, at 3pm.   – source: Metal Bulletin

 

Steel Prices in Other Countries

 

Scrap

  • The East Coast bulk scrap export market was the strongest factor during the August buy week. HMS 80:20 bulk scrap prices rose from $298/mt CFR Turkey on July 5 to $331/mt CFR Turkey on Friday.  - source: Platts

  •  Prices for Taiwanese containerized HMS # 1&2 80:20 imports continued to gained by $05 a ton to $263 a ton during the week ended July 07. - source: The Steel Index

 

Semis

  • S&P Global Platts assessed CIS export billet at $475/mt on Monday, up $5/mt from Friday. - source: Platts

 

  • Metal Bulletin’s CIS billet index price moved up by $13 per tonne over the week to $459 per tonne fob Black Sea on Monday - source: Metal Bulletin 

 

  • Metal Bulletin’s price assessment for billet imports in Southeast Asia rose to $485-490 per tonne cfr for the week ending August 7, compared with $460-475 per tonne cfr the week before. - source: Metal Bulletin

  • Metal Bulletin’s assessment of slab import prices in Southeast Asia and East Asia moved up to $435-470 per tonne cfr for the week ending Monday August 7, against $430-435 per tonne in the preceding week. 
    - source: Metal Bulletin

 

Bar/ Wire rod

  • Icdas also raised its price for 10mm diameter rebar to TRY 2,170/mt EXW, while 8mm rebar reached TRY 2,180/mt EXW Istanbul. The company's 7-8.5mm diameter wire rod list prices also strengthened by the same amount to TRY 2,240-2,270/mt EXW (including VAT) Monday - source: Platts

 

  • S&P Global Platts assessed Turkish export rebar at $505/mt FOB on Monday, stable from Friday. - source: Platts

 

HRC/P

  • S&P Global Platts maintained its northwest European hot-rolled coil price assessment at €495-505/mt ($581.87-593.63)/mt ex-works Ruhr Friday. - source: Platts

 

  • US HRC prices unchanged at $620-$630/st - source: Platts

 

  • Turkey, domestic, hot rolled coil, traded at $535-545 per tonne ex-works, October production. Turkey, export, hot rolled coil, traded at $540-545 per tonne fob, to Europe.  – source: Metal Bulletin

 

  • Russia (MMK), export, hot rolled coil, offered at $530 per tonne cfr, to Turkey. – source: Metal Bulletin

 



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