China Steel Price for The Second Week of 2018



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14 March 18
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HRC SS400, FOB CHINA $575

Rebars B500B, FOB CHINA $554

CRC SPCC FOB, CHINA $613

HDG SGCC FOB, CHINA $672

Wire Rod SAE1008, FOB CHINA $550

Hot Rolled Plate A36, FOB CHINA $560

H Beams Q235, FOB CHINA $578

Square Bars Q235, FOB CHINA $514

ZAM coated Coils, FOB CHINA $560 for 100g

PPGI/PPGL Coils: Negotiation

Clad Plate: Negotiation

Wear Resistant Steel Plate: Negotiation

Note:

Hot Rolled Steel Coils, Thickness of 3mm, Width of 1250-1500mm

Rebars, Thickness of 12-16mm, Actural weight

Cold Rolled Steel Coil, Thickness of 1mm, Width of 1000-1250mm

Hot Dipped Galvanized Steel Coil, Thickness of 1mm, Width of 1000-1250mm, Z120g, Zero Spangle

Wire Rod, 6.5mm

Mild Steel Plate, Thickness of 14-20mm, Width>2700mm

H Beams, 200mm*200mm, Theoritical

Square Bars, 150mm*150mm

Zinc Aluminum Magnesium Coated Steel Coils: 0.27-2.5mm, Coating of 100-450mm range avaible

Clad Plate: Roll Boned Clad Plate

Hot Rolled Steel Coils

Affected by the downward adjustment of export quotations from mills, the export of hot rolled coils tends to be active this week. The mainstream steel mills offer volume range of $ 580-585 FOB, down $ 5 from last week, with a transaction price of around $ 575 FOB. A small northern steel mill sold $ 585 FOB. The current Vietnamese market, has the enthusiasm for the purchase of cutting board, the price is keeping strong, acceptable price at $ 585-590 CFR. The cold-rolled base from China origin materials are effected by Formosa Ha Tinh Steel lower prices and competition from the resources of India and Russia, intent price remains low at $ 570-580 CFR at Vietnam market. Chinese mills’ cold rolled base exports to Vietnam this week were trading at $ 570-580 CFR.

Rebars

The lower end of the export quotation for the factory is down $ 15 to $ 555-580 FOB real weight. Singapore received China domestic traders offer $ 560 CFR theoretical calculations, Hong Kong received $ 565-570 CFR real weight, but with the intention of both buyers is still the price of about $ 10 dollars.

Cold Rolled Steel Coils

This week, the export prices of cold rolled coils continued to fall with the domestic trade. The traders took the goods at the price of $ 610-615 FOB and also a few traded at the price of $ 625 FOB China. Mainstream steel mill’s prices are generally in the $ 615-625 FOB, which is slightly lower than last week. The current buyers are still waiting to see and less to buy and further to be clarified on the China domestic market.

Hot Dipped Galvanized Steel Coils

Due to the continuous downturn in turnover in the past few weeks, some steel mills this week cut their quotations for galvanized steel export price. Z120 zero spangle hot diped galvanized steel coils mainstream offer as $ 670-690 FOB, lower than last week $ 5-10. Z120, regular spangle galvanized steel coils price $ 675-685 FOB China, the South American buyers bargain at about $ 655 FOB China. Due to the larger price difference between buyers and sellers, coupled with wait and see atmosphere, this week there is no exact transaction.

Mild Steel Plates

Due to the slowdown in the China domestic trade, the export price of China’s medium plate fell for the third consecutive week, with the transaction and quotations significantly lower than last week. A steel mill of China, this week exported 2,000 tonnes of plate to South Korea at $ 560 FOB. Another 2500 tonnes of plates were exported to Vietnam at a price of $ 555 FOB. This week the mill is offering at $ 565-605 FOB, the steelmaker cut prices by $ 5-10 from last week’s level, and the client bargains at $ 5-10.

H Beams

As the China domestic trade weakened, the export price of China’s steel industry went down for the fourth consecutive week. North China Steel Mill was exported to Southeast Asia at $ 570-575 FOB China last week. This week’s mainstream steel mills export offers for $ 575-590 FOB, the same period last week, but some steel mills frankly because of increased inventory and domestic trade slowed down, the export of resources and opportunities have increased.

Wire Rods

This week, the China Steel Mill continued to cut wire rod prices sharply. The mainstream price of the alloy was $ 570 FOB and the non-alloy price was $ 550-555 FOB, down by $ 20 or more. Non-alloy obvious have price advantages, to Vietnam and Philippines market turnover is at about $ 545 FOB.

Square Bars

Affected by fluctuations in China domestic trade prices, this week’s steel reference price slightly adjusted last week to $ 515-530 FOB. Some Southeast Asian buyers intend to price $ 520 CFR, deals was seldom.

ZAM Coated Steel Coils

Please reference Hot Dipped Galvanized Steel Coils price.

Clad Plates

Please take the mild steel plate price for reference the market trends.

Wear Resistant Steel Plates

Please also take the mild steel plates price for reference to the market trends.

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Fiona.yu@sinowellmetal.com

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