Steel price report as of 24 Feb, 2020

Posted on 25 February 2020
 

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

4140

3540

3540

3590

3570

3520

3800

3820

3840

3800

3750

4340

3700

螺纹钢 Rebar HRB400

Φ16mm

3550

3340

3420

3410

3400

3460

3480

3570

3900

3570

3720

4060

3630

角钢 Angle Bar Q235

5#

3770

3680

3620

3720

3860

3750

3790

3890

3920

4190

4170

4330

4190

中厚板 Plate Q235

20mm

3450

3540

3710

3590

3600

3650

3430

3800

3840

3980

3750

3970

3540

热板卷 HRC Q235

3.0mm

3390

3420

3300

3540

3650

3480

3490

3650

3590

3780

3800

3790

3790

冷薄板 CRS SPCC

1.0mm

4310

4310

4110

4230

4320

4300

4200

4420

4240

4430

5100

4520

4500

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

3799

↑10

20mm HRB400 rebar

3653

↑14

2.75mm hot-rolled coil

3693

↑36

1.0mm cold-rolled coil

4276

↑13

8mm medium plate

4035

↑22

Source: SteelHome

 

Long steel

  • East China, domestic, grade III 16-25mm rebar, traded at 3,460-3,490 yuan ($492-497) per tonne, including value-added tax.
  • North China, domestic, grade III 16-25mm rebar, traded at 3,390-3,420 yuan per tonne, including VAT.– source: Fastmarkets

 

  • On the Shanghai futures Exchange the May rebar contract closed at CNY 3,476/tonne ($494/t), CNY 9/t down from Friday, while the same contract for hot rolled coil closed up CNY 6/t at CNY 3,490/t. – source: Kallanish

 

Flat steel

  • East China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,550-3,570 yuan ($505-508) per tonne, including value-added tax.
  • North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,350-3,360 yuan per tonne, including VAT..– source: Fastmarkets

 

  • In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was tradable at around CNY 3,520-3,540/tonne ($500-503/t), CNY 30/t higher from the previous Friday. On the Shanghai Futures Exchange, the May 2020 HRC contract closed CNY 29/t higher than Thursday and CNY 74/t higher over the week at CNY 3,484/t. – source: Kallanish

 

 Semis

 

  • China, billet, domestic, traded at 3,110 yuan ($443) per tonne, including value-added tax, at 3pm. – source: Fastmarkets

 

Steel Prices in Other Countries

 

Scrap

  • Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $281.25 per tonne on February 21, up from $274.82 per tonne on February 14. – source: Fastmarkets

 

  • Turkish steelmakers booked eight cargoes totaling almost 250,000 tonnes of scrap last week. Four cargoes were booked from the Baltic Sea at $276-279 per tonne cfr, two from the United States at $280-282.50 per tonne cfr and two from Europe at $276-284 per tonne cfr. – source: Fastmarkets

 

  • Vietnamese imported ferrous scrap prices were stable over the week, with buyers bypassing the US export market in favor of Japanese material. Fastmarkets' price assessment for bulk shipments of steel scrap, HMS 1&2 (80:20), cfr Vietnam, was $260-265 per tonne cfr on February 21, unchanged from February 14. – source: Fastmarkets

 

  • Containerized ferrous scrap import prices in Taiwan surged by $15-20 per tonne during the week ended February 21, with buyers clamoring for material due to diverted cargoes and higher freight costs. Fastmarkets' price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan, was $240 per tonne cfr on February 21, up from $220-225 per tonne cfr on February 14. – source: Fastmarkets

 

  • Prices for containerized shredded scrap imports in India surged by $16 per tonne during the week ended February 21 due to rising Turkish import prices and higher freight rates. Fastmarkets' weekly price calculation for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $303.09 per tonne on February 21, up by 5.6% from $286.96 per tonne cfr on February 14. – source: Fastmarkets

 

Semis

  • On Friday, Kallanish lowered its 5sp/ps or Q275 120/125/130mm square billet assessment slightly to $420/t cfr Manila, down $2.5 on week. - source: Kallanish

 

Bar/ Wire rod

Platts Steel, Rebar/Chinese Export: Offer Feb 21 for 10-40mm in diameter at $445/mt CFR Singapore theoretical weight, April shipment: Singapore-based fabricator

Platts Steel, Rebar/Chinese Export: Offer Feb 21 for 10-40mm in diameter at $455/mt CFR Hong Kong actual weight, April shipment: Hong Kong-based stockist

Platts Steel, Rebar/Turkish Export: Offer Feb 21 for 10-40mm in diameter at $470/mt CFR Hong Kong actual weight, May shipment: Hong Kong-based stockist

Platts Steel, Rebar/Chinese Export: Offer Feb 21 for 10-40mm in diameter at $445-450/mt CFR Singapore theoretical weight, April shipment: Singapore-based fabricator - source: Platts

HRC

  • Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $465-475 per tonne on Monday, narrowing from $460-480 per tonne a week before. – source: Fastmarkets

 

  • Kallanish increased its 2-2.7mm SAE1006 HRC assessment on Friday to $473-480/t cfr Vietnam, up $1.5 week-on-week. – source: Kallanish

  



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