Steel price report as of August 27, 2018

Posted on 28 August 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

5480

5500

4430

4790

4830

4850

4570

4700

4920

4800

4510

4720

4510

螺纹钢 Rebar HRB400

Φ16mm

4400

4430

4330

4510

4530

4550

4480

4600

4860

4630

4600

4810

4560

角钢 Angle Bar Q235

5#

4440

4460

4480

4260

4320

4280

4550

4460

4460

4760

4680

4590

4660

中厚板 Plate Q235

20mm

4450

4440

4490

4490

4440

4500

4480

4430

4580

4710

4530

4650

4490

热板卷 HRC Q235

3.0mm

4380

4450

4300

4460

4520

4460

4480

4520

4500

4700

4600

4720

4520

冷薄板 CRS SPCC

1.0mm

4730

4730

4850

4850

4840

4800

4910

4820

4980

4940

5400

5080

4740

 

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

4763

↓11

20mm HRB400 rebar

4554

↓13

2.75mm hot-rolled coil

4522

1.0mm cold-rolled coil

4889

↑2

8mm medium plate

4847

↑3

Source: SteelHome

 

Long steel

  • In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,345-4,355/tonne ($634-636/t), down CNY 35/t from a week earlier. On the Shanghai Futures Exchange the January rebar contract closed CNY 21/t higher than Thursday at CNY 4,334/t, and up CNY 33/t w-o-w.  – source: Kallanish

 

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,400-4,420 yuan ($646-649) per tonne, including VAT.
  • North China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,300-4,330 yuan per tonne, including VAT.– source: Metal Bulletin

 

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,400-4,420 yuan ($646-649) per tonne, including VAT.
  • North China, domestic, commercial-grade HRC (4.5-12mm), traded at 4,300-4,330 yuan per tonne, including VAT. – source: Metal Bulletin

 

  • In Shanghai on Friday, 5.5x1,500mm Q235 HRC was trading at CNY 4,420-4,430/tonne ($645-647/t), up CNY 90/t from a week earlier. On the Shanghai Futures Exchange the January 2019 HRC contract closed at CNY 4,304/t, up CNY 78/t compared with the previous trading day and CNY 142/t week-on-week. - source: Kallanish

 

Semis

 

  • China, billet, domestic, traded at 4,080 yuan ($599) per tonne, including VAT, at 3pm. – source: Metal Bulletin 

 

Steel Prices in Other Countries

 

Scrap

  • Scrap prices in August’s contracts in Germany have seen dips of up to €5.6/t ($6.5) maximum, but this could be only the first hint of a deeper slide to come, Kallanish notes. – source: Kallanish

 

Semis

  • On Friday Kallanish reduced its weekly 5sp/ps or Q275120/125/130mm square billet price to $525-530t cfr from $535-540/t cfr Manila. - source: Kallanish

 

  • Large volumes of Russian and Ukrainian billet were sold about two weeks ago to southeast Asian buyers, at prices around $525-530/tonne cfr. Turkish sellers then sold at lower levels, spurred by the Turkish lira weakening to a record low, and having secured lower-priced scrap. - source: Kallanish

 

Bar/ Wire rod

  • Metal Bulletin's assessment of import prices for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $530-535 per tonne cfr for the week to Monday August 27, unchanged from the preceding week.- source: Metal Bulletin

 

HRC/P

  • Metal Bulletin's weekly price assessment for HRC imports in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $590-595 per tonne cfr for the week ending Monday August 27, unchanged from a week ago. - source: Metal Bulletin 

 

  • Kallanish assessed SAE 1006 grade 2-2.7mm thick HRC  into Vietnam last Friday at $590-593/t cfr, down from the previous week's $592-595/t cfr. - source: Kallanish

  



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