Steel price report as of 4 Nov, 2019

Posted on 04 November 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

4400

3920

3550

3940

4060

3900

3880

3950

4150

4140

3840

4460

3750

螺纹钢 Rebar HRB400

Φ16mm

3600

3620

3590

3620

3650

3700

3670

3790

4150

3950

3810

4060

3600

角钢 Angle Bar Q235

5#

3870

3880

3820

3790

3960

3900

4010

4040

4080

4250

4320

4400

4180

中厚板 Plate Q235

20mm

3600

3580

3650

3660

3680

3730

3700

3670

3750

3900

3790

4020

3730

热板卷 HRC Q235

3.0mm

3590

3640

3470

3600

3660

3690

3680

3740

3700

3890

3760

4000

3780

冷薄板 CRS SPCC

1.0mm

4370

4370

4160

4190

4290

4220

4200

4220

4330

4350

4990

4600

4490

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

4017

↑5

20mm HRB400 rebar

3808

↑8

2.75mm hot-rolled coil

3758

↑3

1.0mm cold-rolled coil

4281

↓3

8mm medium plate

4073

↓3

Source: SteelHome

 

Long steel

  • East China, domestic, grade III 16-25mm rebar, traded at 3,670-3,700 yuan ($521-525) per tonne, including value-added tax.
  • North China, domestic, grade III 16-25mm rebar, traded at 3,620-3,650 yuan per tonne, including VAT. – source: Fastmarkets

 

  • In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,670-3,690/tonne ($521-524/t), up CNY 75/t from last Friday. On the Shanghai Futures Exchange, meanwhile, the January rebar contract closed at CNY 3,380/t, CNY 13/t higher from the previous day and CNY 36/t higher than a week earlier. – source: source: Kallanish

 

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,500-3,520 yuan ($497-500) per tonne, including value-added tax.
  • North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,500 yuan per tonne, including VAT. – source: Fastmarkets

 

  • In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,520-3,530/tonne ($500-501/t), CNY 5/t higher from the previous Friday. On the Shanghai Futures Exchange, the January 2020 HRC contract closed CNY 7/t higher than Thursday and CNY 2/t lower over the week at CNY 3,358/t. - source: Kallanish

 

 Semis

 

  • China, billet, domestic, traded at 3,350 yuan ($476) per tonne, including value-added tax, at 3pm. – source: Fastmarkets

 

Steel Prices in Other Countries

 

Scrap

  • Fastmarkets' price assessment for bulk shipments of steel scrap HMS 1&2 (80:20), cfr Vietnam, was $265 per tonne cfr on November 1, up by $5-10 per tonne from a week earlier. – source: Fastmarkets

 

  • Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan, was $243-245 per tonne cfr on Friday, widening downward by $1 per tonne from a day earlier and higher by $1-3 per tonne from Monday. – source: Fastmarkets

 

  • Fastmarkets' calculation of the steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $276.57 per tonne on Friday, up from $268.23 per tonne one week earlier. – source: Fastmarkets

 

  • Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $247.89 per tonne on November 1, up from $244.16 per tonne on Monday. – source: Fastmarkets

 

  • Fastmarkets' steel scrap HMS 1&2 (80:20), export index, fob New York, remained at $214 per tonne on October 30 due to the thin spot liquidity. The steel scrap, shredded scrap, export index, fob New York, was unchanged on the same day at $219 per tonne. – source: Fastmarkets

 

  • Scrap quotes have increased to above $260/t cfr Turkey. In the two new scrap bookings, HMS I/II 80:20 seems to be standing at $254/t and $258/t cfr from the EU and USA respectively, although these bookings have not yet been confirmed. - source: Kallanish

 

Semis

  • On Friday, Kallanish assessed 5sp/ps or Q275 120/125/130mm square billet at $400/t cfr Manila, $1 higher on-week. - source: Kallanish

 

  • The Indian mill's slab prices have been the most competitive in recent months, Indonesian trading sources note. It sold slab at $428/t cfr Indonesia in September and at $410/t cfr Indonesia in October - source: Kallanish

 

Bar/ Wire rod

  • Turkish wire rod producers are yet to see a recovery in global wire rod demand, but they have nevertheless kept their prices stable on-week at $445-460/tonne fob for mesh quality. – source: Kallanish

 

HRC

  • Kallanish assessed 2-2.7mm SAE1006 HRC on Friday at $421-425/t cfr Vietnam, up $2 on week.  – source: Kallanish


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