Steel price report as of 14 Jan, 2020

Posted on 14 January 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 
Source :