News Room - Steel Prices

Posted on 31 Jul 2020

Steel price report as of 31 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	4160	3620	3690	3950	3940	3840	3820	3810	4220	4020	3820	4260	3720
螺纹钢 Rebar HRB400	Φ16mm	3740	3730	3680	3680	3690	3690	3680	3670	4020	3830	3800	3980	3670
角钢 Angle Bar Q235	5#	3730	3830	3860	3660	3950	3850	3900	3870	3970	4130	4160	4050	4120
中厚板 Plate Q235	20mm	3850	3820	3960	3970	3960	3900	3900	3930	4070	4140	4090	4190	3870
热板卷 HRC Q235	3.0mm	3970	3980	3850	4080	4200	4020	3980	4100	4040	4160	4130	4140	4130
冷薄板 CRS SPCC	1.0mm	4490	4490	4330	4450	4470	4440	4450	4470	4510	4490	5150	4720	4550

Source: CISA

 

Average price	Price (yuan per ton)	Up/down (from the previous day)
8mm HPB300 high speed wire rod	3929	━
20mm HRB400 rebar	3805	━
2.75mm hot-rolled coil	4105	↑3
1.0mm cold-rolled coil	4454	↑5
8mm medium plate	4305	━

Source: SteelHome

 

Long steel

• On the Shanghai Futures Exchange the October rebar contract closed CNY 26/tonne higher than Wednesday at CNY 3,858/t ($555/t), while the same contract for hot rolled coil closed down CNY 1/t at CNY 3,910/t. – source: Kallanish

 

 

Semis

• In Tangshan, billet prices gained CNY 20/t to CNY 3,460/t. – source: Kallanish

 

 

Steel Prices in Other Countries

 

Semis

• Recent deals for 4sp billet from Japan closed this week at $427/t cfr China, and for 4sp blast furnace billet from Vietnam at $435/t cfr China, sources add. Vietnamese blast furnace billet prices had fallen last week to conclude at $422/t cfr China, down from $428/t cfr the week before. ASEAN-origin billet imports are priced higher because they are exempt from a 2% import duty. - source: Kallanish

 

• A Russian coastal scrap-fed mill is offering August-cast billet at $410/tonne fob Black Sea, with a premium for prompt lead time. Some traders are pondering if Turkey will not book the whole lot at $420/t cfr, as demand there is high on rising scrap and a large volume of rebar sales. Current offers of billet to Turkey are at $425/t cfr, with bids reaching $415/t cfr, while some traders have already marked this level as unavailable for the willing Turkish re-rollers. - source: Kallanish

 

• From $450/t cfr earlier this week, slab offers have softened to $445/t cfr Turkey, according to sources. However, there were also signals that there was an offer at $460/t cfr and a firm bid at $455/t cfr on Thursday. Turkish mills, as a rule, account for a $60/t rolling margin in their pricing of HRC produced from imported slab, resulting in the current offers of $500-510/t ex-works. - source: Kallanish

 

Bar/ Wire rod

• Turkish mills’ rebar export offers, which stood at $435-440/tonne fob Turkey a week ago, are now mostly at $440-445/t fob actual weight, though $450/t fob is also available from some producers.  - source: Kallanish

 

• Kallanish assessed SAE 1008 6.5mm diameter mesh-grade wire rod at $463-467/t cfr Manila, up $10 on-week. - source: Kallanish