Steel price report as of 31 July, 2020

Posted on 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