News Room - Steel Prices

Posted on 08 Jul 2020

Steel price report as of 7 July, 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	Φ6mm	4100	3600	3550	3550	3700	3720	3710	3570	3940	3870	3690	4230	3640
螺纹钢 Rebar HRB400	Φ16mm	3660	3660	3610	3520	3590	3640	3580	3500	3770	3620	3690	3980	3600
角钢 Angle Bar Q235	5#	3770	3740	3750	3630	3860	3800	3870	3840	3830	3980	4070	4030	4080
中厚板 Plate Q235	20mm	3720	3680	3760	3830	3780	3800	3780	3840	3940	4080	3980	4130	3820
热板卷 HRC Q235	3.0mm	3760	3760	3640	3880	3870	3770	3800	3850	3830	3900	4000	4050	4000
冷薄板 CRS SPCC	1.0mm	4250	4250	4030	4160	4170	4130	4160	4300	4190	4260	5100	4480	4480

Source: CISA

 

Average price	Price (yuan per ton)	Up/down (from the previous day)
8mm HPB300 high speed wire rod	3828	↑20
20mm HRB400 rebar	3735	↑17
2.75mm hot-rolled coil	3944	↑28
1.0mm cold-rolled coil	4244	↑34
8mm medium plate	4198	↑10

Source: SteelHome

 

Long steel

• On the Shanghai futures Exchange the October rebar contract settled CNY 16/tonne higher than Monday at CNY 3,634/t ($515/t), – source: Fastmarkets

 

• In Tangshan, billet prices were up CNY 20/t to CNY 3,350/t, the highest level since December. – source: Kallanish

 

Flat steel

On the Shanghai futures Exchange contract for hot rolled coil closed up CNY 24/t at CNY 3,629/t. – source: Kallanish

 

 

Steel Prices in Other Countries

 

Scrap

• US scrap suppliers are heard to have offered HMS 1&2 80:20 at slightly above $255/tonne cfr Turkey. Referring to the latest Baltic-origin HMS 80:20 deal at $255/t cfr last week, buyers’ price idea, however, is at below $255/t cfr. – source: Kallanish

 

• US scrap prices have also fallen. Bulk HMS 1/2 80:20 scrap was offered last week at $260-265/t cfr Vietnam. A US bulk 80:20 scrap deal closed at $284/t cfr Vietnam during the second week of June. – source: Kallanish

 

Semis

• Turkey Billet and bloom prices have each been decreased by TRY 25/t to TRY 2,540-2,715/t and TRY 3,100/t respectively.- source: Kallanish

 

Bar/ Wire rod

• The Turkey steelmaker decreased its 12-32mm diameter rebar list price for its home market by TRY 15/tonne to TRY 2,870/t ($418/t) ex-works. In dollar terms, this has decreased from the previous price of $424/t. The price of 12-18mm diameter round bar was also decreased by TRY 15/t to TRY 2,887/t. Prices for 5.5-56mm diameter wire rod have dropped by TRY 45/t to TRY 3,080-3,235/t. Deformed wire rod prices were also decreased by TRY 45/t to TRY 3,140-3,160/t.  - source: Kallanish