News Room - Steel Prices

Posted on 14 Jan 2020

Steel price report as of 14 Jan, 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	4380	3720	3600	3860	3840	3750	3880	3920	3960	4060	3900	4380	3720
螺纹钢 Rebar HRB400	Φ16mm	3570	3580	3520	3750	3740	3660	3680	3770	4150	3930	3870	4100	3710
角钢 Angle Bar Q235	5#	3850	3760	3720	3770	3960	3800	3890	3990	4030	4290	4170	4330	4190
中厚板 Plate Q235	20mm	3700	3730	3690	3860	3850	3760	3740	3800	4080	4150	3800	4010	3640
热板卷 HRC Q235	3.0mm	3760	3820	3700	3940	4050	3900	3900	3970	3950	4080	4080	4090	3920
冷薄板 CRS SPCC	1.0mm	4400	4400	4160	4510	4540	4400	4400	4520	4640	4630	5240	4730	4530

Source: CISA

 

Average price	Price (yuan per ton)	Up/down (from the previous day)
8mm HPB300 high speed wire rod	3933	—
20mm HRB400 rebar	3804	—
2.75mm hot-rolled coil	3952	↓6
1.0mm cold-rolled coil	4409	↓3
8mm medium plate	4149	—

Source: SteelHome

 

Long steel

• East China, domestic, grade III 16-25mm rebar, traded at 3,650-3,680 yuan ($527-532) per tonne, including value-added tax.
• North China, domestic, grade III 16-25mm rebar, traded at 3,540-3,560 yuan per tonne, including VAT. – source: Fastmarkets

 

• Fastmarkets' steel reinforcing bar (rebar) index export, fob China main port: $467.92 per tonne, up $1.17 per tonne – source: source: Fastmarkets

 

 

Flat steel

• East China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,880-3,890 yuan ($561-562) per tonne, including VAT.
• North China, domestic, commercial-grade HRC (4.5-12mm), traded at 3,600 yuan per tonne, including VAT. – source: Fastmarkets

 

Semis

 

• China, billet, domestic, traded at 3,300 yuan ($477) per tonne, including value-added tax, at 3pm. – source: Fastmarkets

 

• Fastmarkets assessment of the steel billet domestic, exw Tanghsan, Northern China price was 3,300 yuan per tonne on January 13, flat since January 9, while Fastmarkets assessment of the price for steel rebar domestic, ex-whs, Northern China was at 3,540-3,570 yuan per tonne on January 10, narrowing from 3,530-3,580 per yuan the week prior. – source: Fastmarkets

 

 

Steel Prices in Other Countries

 

Scrap

• Fastmarkets' weekly price assessment for steel scrap, melting scrap from shipbreaking, domestic, delivered Turkey, dipped slightly to $298-300 per tonne on January 13, compared with the $300 per tonne on January 6. – source: Fastmarkets

 

• On the West Coast, US-origin containerized HMS 1/2 80:20 prices started decreasing last week. From $270/t cfr Taiwan a week ago, they dropped first to $268/t cfr and then to $265/t cfr towards the end of the week. Buyers’ bids are at even lower levels today. – source: Kallanish

 

Semis

• Billet produced in the CIS was offered at $425-430 per tonne cfr Egypt and at $420-430 per tonne cfr Turkey, with Turkish buyers bidding $410 per tonne cfr.

 

• Fastmarkets' weekly price assessment for steel billet, import, cfr main port Egypt, was $425-430 per tonne on January 9, down $5 per tonne from $430-435 on January 2.- source: Fastmarkets

 

• Fastmarkets' weekly price assessment for steel billet, domestic, exw Turkey, was $425-430 per tonne on January 9, unchanged from January 2. - source: Fastmarkets
• Fastmarkets' weekly price assessment for steel billet, export, fob main port Turkey, was $420-430 per tonne on January 9, also unchanged from January 2. - source: Fastmarkets 

 

Bar/ Wire rod

• The weekly Fastmarkets price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $465 per tonne for the week to Monday January 13, narrowing upward by $5 per tonne from a week earlier. – source: Fastmarkets

 

• Fastmarkets' price assessment for steel wire rod (low carbon) import, cfr Southeast Asia - which centers mainly on low-carbon mesh-quality material sold to the Philippines - was $483 per tonne on Monday, unchanged from a week earlier. – source: Fastmarkets

 

HRC

• Fastmarkets' steel HRC import, cfr Vietnam assessment, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $515-520 per tonne cfr for the week ending Monday January 13, up by $5-10 per tonne from a week earlier. – source: Fastmarkets

 

• Formosa Ha Tinh is offering SS400 and pipe-making grade HRC at $510 per tonne cif and non-skin pass SAE1006 HRC at $515 per tonne cif. Its offer for skin pass SAE1006 HRC is $520 per tonne cif. – source: Fastmarkets

 

• Fastmarkets' daily steel hot-rolled coil index domestic, ex-works Northern Europe, was €442.93 ($492.35) per tonne on Monday January 13, up from €442.43 per tonne on January 10. – source: Fastmarkets

 

• US sheet prices, Kallanish now puts hot-rolled coil at $600-640/short ton, with cold-rolled rising to $800-840/st. All prices are ex-works, domestic mill.   – source: Kallanish

 

• Italian domestic hot rolled coil transaction prices have upticked €5/tonne ($5.5/t) compared to December, Kallanish learns from market sources. Domestic prices are now at €425-435/t base ex-works but producers are mulling increases in line with international prices. They intend to increase HRC prices to €450-460/t base ex-works even though the highest price obtained last week was €435/t base ex-works. Sellers however are confident that the level of €450-460/t base ex-works can be achieved in the coming weeks in January transactions, sources say. – source: Kallanish