Steel price report as of 12 Jul, 2019

Posted on 15 July 2019
 

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

4760

4380

3950

4280

4220

4120

4280

4150

4340

4430

4150

4650

4100

螺纹钢 Rebar HRB400

Φ16mm

3880

3890

3910

3960

4010

3910

3960

3980

4180

3960

4110

4430

3980

角钢 Angle Bar Q235

5#

3960

3970

4050

4070

4050

4000

4260

4190

4140

4420

4420

4440

4400

中厚板 Plate Q235

20mm

3890

3840

3890

3950

3940

4000

3910

3920

4050

4210

4100

4210

3980

热板卷 HRC Q235

3.0mm

3920

3880

3820

3950

4000

4000

3900

3940

4050

4230

4000

4260

3950

冷薄板 CRS SPCC

1.0mm

4340

4340

4250

4210

4270

4200

4400

4180

4430

4350

5200

4500

4470

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

4263

↓1

20mm HRB400 rebar

4046

↓1

2.75mm hot-rolled coil

3991

↓4

1.0mm cold-rolled coil

4282

↓3

8mm medium plate

4304

↓4

Source: SteelHome

 

Long steel

  • In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,850-3,860/tonne ($562-563/t), only down CNY 5/t from the previous week. On the Shanghai Futures Exchange meanwhile the October rebar contract closed at CNY 3,965/t, CNY 52/t lower than previous day and CNY 19/t lower than the week before. – source: Kallanish

 

  • East China, domestic, grade III 16-25mm rebar, traded at 3,980-4,000 yuan ($579-582) per tonne, including value-added tax.

            North China, domestic, grade III 16-25mm rebar, traded at 3,880-3,910 yuan per tonne, including VAT.– source: Fastmarkets

 

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,850-3,860 yuan ($560-562) per tonne, including VAT.

            North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,830-3,840 yuan per tonne, including VAT. – source: Fastmarkets

 

  • In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,880-3,890/tonne ($564.68-566.14/t), a slight fall of CNY 10/t over the week. On the Shanghai Futures Exchange, the October HRC contract closed CNY 37/t lower than Thursday and CNY 21/t lower over the week at CNY 3,837/t. – source: Kallanish

 

Semis

 

  • China, billet, domestic, traded at 3,650 yuan ($531) per tonne, including value-added tax, at 3pm. – source: Fastmarkets

 

 

Steel Prices in Other Countries

 

Scrap

  • The daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, ended the week at $282.08 per tonne on July 12, down from $296.18 per tonne on July 5.

 

  • The daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $289.26 per tonne on Friday, down from $303.36 per tonne a week earlier. – source: Fastmarkets

 

  • Fastmarkets' weekly steel scrap HMS 1&2 (80:20), export index, fob New York, was $278 per tonne on July 10, unchanged week on week. The steel scrap shredded scrap, export index, fob New York, was also unchanged at $283 per tonne. - source: Fastmarkets

 

  • Fastmarkets' price assessment for bulk shipments of steel scrap HMS 1&2 (80:20), cfr Vietnam, was $308-315 per tonne on July 12, up from $302-305 per tonne a week earlier. - source: Fastmarkets

 

  • Fastmarkets' price assessment for steel scrap, HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan, was $280-285 per tonne on Friday, up from $275 per tonne last week. - source: Fastmarkets

 

  • Fastmarkets' weekly assessment for steel scrap shredded, index, import, cfr Nhava Sheva, India, moved up to $319.09 per tonne on July 12, from $316.27 per tonne a week earlier. - source: Fastmarkets

 

Semis

  • On Friday, Kallanish maintained its weekly 5sp/ps or Q275120/125/130mm square billet price at $458-460/t cfr Manila.- source: Kallanish

 

  • Turkish billet offers dried up last week after a price reduction to around $430/tonne fob from around $435-440/t fob a week prior failed to attract buying interest. Traders' enquiries for billet, following several unsuccessful attempts to strike a deal, were rejected in favour of rebar sales - source: Kallanish

 

  • Fastmarkets' price assessment for steel billet imports, cfr Southeast Asia, was $450-460 per tonne on July 12, widening downward by $5 per tonne from the previous day. Last Friday's prices were $5-7 per tonne higher at $457-465 per tonne cfr.  – source: Fastmarkets

 

Bar/ Wire rod

  • Kardemir has decreased wire rod prices for the domestic market by TRY 90/tonne ($16/t) to TRY 2,890-2,970/t ($503-516) ex-works, excluding 18% VAT, Kallanish learns from the Turkish integrated steelmaker. - source: Kallanish

 

HRC/P

  • Kallanish assessed 2-2.7mm SAE1006 HRC at $515/t cfr Vietnam, down $2.5 on-week. - source: Kallanish

 

  • Fastmarkets' assessment of the price for steel HRC, import, cfr main port India, was $520-535 per tonne on July 12, unchanged for two weeks in the absence of fresh offers or import transactions. – source: Fastmarkets

 



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