Steel price report as of 26 Jul, 2019

Posted on 29 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

4740

4380

3950

4240

4190

4140

4240

4140

4290

4380

4180

4620

4040

螺纹钢 Rebar HRB400

Φ16mm

3860

3880

3870

3960

3980

3930

3920

3950

4200

3900

4020

4400

3930

角钢 Angle Bar Q235

5#

3990

4040

4090

3990

4050

4000

4260

4130

4160

4320

4420

4440

4400

中厚板 Plate Q235

20mm

3860

3840

3870

3900

3900

4000

3960

3920

4030

4170

4100

4190

3950

热板卷 HRC Q235

3.0mm

3900

3880

3790

3910

3980

3970

3900

3910

4000

4160

4000

4200

3940

冷薄板 CRS SPCC

1.0mm

4310

4310

4250

4240

4300

4220

4370

4210

4410

4380

5180

4500

4500

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

4235

↓14

20mm HRB400 rebar

4014

↓15

2.75mm hot-rolled coil

3986

↓6

1.0mm cold-rolled coil

4304

↑4

8mm medium plate

4293

↓4

Source: SteelHome

 

Long steel

  • In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,810-3,830/tonne ($554-557/t), down CNY 25/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the October rebar contract closed at CNY 3,940/t, unchanged from the previous day but CNY 61/t lower than the week before – source: Kallanish

 

  • East China, domestic, grade III 16-25mm rebar, traded at 3,920-3,960 yuan ($570-576) 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 3,850-3,870 yuan ($560-563) per tonne, including value-added tax.
  • North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,850-3,860 yuan per tonne, including VAT. – source: Fastmarkets

 

  • In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,870-3,890/tonne ($562.66-565.57/t), unchanged on-week. On the Shanghai Futures Exchange, the October HRC contract closed CNY 20/t lower than Thursday and CNY 58/t lower over the week at CNY 3,846/t.  Kallanish assessed 2mm SAE1006 HRC unchanged at $500-505/t fob.– 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), US origin, cfr Turkey, was $293.83 on Friday, down from $299.92 per tonne on Monday. – source: Fastmarkets

 

  • Fastmarkets' weekly steel scrap HMS 1&2 (80:20), export index, fob New York, fell by $5 per tonne to $273 per tonne on Wednesday, with the steel scrap shredded scrap, export index, fob New York, down by the same amount to $278 per tonne fob New York on the same day. - source: Fastmarkets

 

  • Fastmarkets' price assessment for bulk shipments of steel scrap HMS 1&2 (80:20), cfr Vietnam, was $310-315 per tonne on July 26, widening downward by $5 per tonne from a week earlier. - source: Fastmarkets

 

  • Fastmarkets' price assessment for containerized cargoes of steel scrap HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan, was $280-283 per tonne on Friday, down from $282-284 per tonne one week earlier. - source: Fastmarkets

 

  • Fastmarkets' weekly price for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $311.50 per tonne on July 26, down from $314.23 per tonne on July 19. - source: Fastmarkets

 

Semis

  • On Friday, Kallanish lowered its weekly 5sp/ps or Q275120/125/130mm square billet price to $453-454/t cfr Manila, down $2 on week. - source: Kallanish

 

  • Fastmarkets' price assessment for steel billet imports, cfr Southeast Asia, was $453-455 per tonne on Friday July 26, widening downward by $2 per tonne from the previous day. - source: Fastmarkets

 

  • Turkish mills were offering billet for export at around $425-435 per tonne fob, while rare bids from buyers were only $420 per tonne.  – source: Fastmarkets

 

  • Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil, was $420-430 per tonne on Friday, unchanged from the previous week. – source: Fastmarkets

 

HRC/P

  • In Vietnam, Japanese and South Korean 2mm base SAE 1006 HRC are still offered at $540/t cfr and $530/t cfr respectively. Kallanish assessed 2-2.7mm SAE1006 HRC at $505-510/t cfr Vietnam, down $5 on-week. - source: Kallanish

 

  • Fastmarkets' weekly assessment of the price for steel HRC, import, cfr main port India, was $535-540 per tonne on July 26, also unchanged since last week. – source: Fastmarkets

 



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