Steel price report as of 4 September, 2020

Posted on 04 September 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

4200

3780

3680

4000

3970

3910

3960

3880

4200

4000

3870

4280

3830

螺纹钢 Rebar HRB400

Φ16mm

3700

3720

3670

3720

3740

3760

3710

3720

3980

3760

3790

3980

3690

角钢 Angle Bar Q235

5#

3830

3830

3900

3800

3980

3900

3900

3860

4060

4150

4180

4130

4080

中厚板 Plate Q235

20mm

3900

3850

4000

3790

3960

3930

3920

3960

4110

4200

4110

4240

3930

热板卷 HRC Q235

3.0mm

4040

4020

3940

4080

4220

4050

4040

4150

4080

4180

4100

4240

4180

冷薄板 CRS SPCC

1.0mm

4720

4720

4490

4770

4750

4660

4630

4750

4810

4790

5200

4960

4620

Source: CISA

 

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

3967

20mm HRB400 rebar

3805

↓2

2.75mm hot-rolled coil

4146

↑8

1.0mm cold-rolled coil

4660

↑23

8mm medium plate

4334

↑1

Source: SteelHome

 

Long steel

  • On Thursday, 6.5mm diameter mesh-grade wire rod was assessed at $500/t fob China, up by $5/t week-on-week. – source: Kallanish

 

Semis

  • In Tangshan, billet prices jumped CNY 30/t to CNY 3,490/t, the highest level since August 2019.– source: Kallanish

 

Steel Prices in Other Countries

 

Semis

  • Suppliers have hiked offers for billet to China, Kalllanish notes. Vietnamese blast furnace billet is now offered at $460/tonne cfr - source: Kallanish

 

Bar/ Wire rod

  • Kallanish assessed SAE 1008 6.5mm diameter mesh-grade wire rod at $490-495/t cfr Manila on Thursday, up $10 on-week. - source: Kallanish

 

  • Vietnamese induction furnace SAE 1018 wire rod has been ordered at $485/t cfr and offers on Thursday were at $495/t cfr. A trader reports he received an offer for Chinese wire rod at $525/t cfr on Wednesday after being quoted $515/t cfr earlier this week. - source: Kallanish

 

  • Turkish rebar offers, which stood at $445-450/tonne fob Turkey a week ago, currently appear mostly at $460/t fob actual weight, though $465/t fob is also available from some producers. - source: Kallanish

 

  • On Tuesday, Kallanish maintained its US rebar price assessment at $565-575/st. - source: Kallanish

 

HRC/ Plate

  • Southeast Asian buyers have ramped up their enquiries and prices are at $470/tonne cfr, and rising, sources say. A Chinese buyer paid $455/t cfr early this week, but subsequent offers came in at over $480/t cfr, with bid indications at $470/t cfr. Buoyant demand elsewhere is likely to enable sales at close to offer levels, amid rising HRC indications in China and wider Asia, and low slab import availability, traders note. - source: Kallanish

 

  • “The mills themselves don’t know where prices are,” a Belgian stockholder of plate tells Kallanish. He tells of a recent project-related offer for S235 grade plate from a local producer at €540/tonne ($638), which he says is “…totally unrealistic”. He sees the range for the more customary grade S355 at between €500/t and $530/t; some buyers in the Netherlands tend towards the lower end. - source: Kallanish