Happy New Year! China Steel Market Price of Final Week of 2017!



By
admin
14 March 18
0
comment

HRC SS400, FOB CHINA $574
Rebars B500B, FOB CHINA $566
CRC SPCC FOB, CHINA $615
HDG SGCC FOB, CHINA $677
Wire Rod SAE1008, FOB CHINA $572
Hot Rolled Plate A36, FOB CHINA $570
H Beams Q235, FOB CHINA $592
Square Bars Q235, FOB CHINA $521
ZAM coated Coils, FOB CHINA $570 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 Coils

Affected by the weakness in China future market, the export volume of hot rolled coil slightly decreases this week. There were few purchases from European and American customers during the Christmas holidays. Buyers in Vietnam and South Korea mostly held wait-and-see attitude so it is very few transactions during this week. Most China steel mills keep price stable at $ 585-590 FOB China. Some mills keep strong price hikes intention but some mills have big off in price negotiation. This week, here China has $585-$590 CFR Pakistan deals. The market in Vietnam was affected by Formosa Ha Tinh Steel Quotations. The purchase price of cold rolled base materials remained at the low level of $ 560-565 CFR, common carbon steel coils price is about $575 CFR, Cutting sheets price is about $590-$595 CFR.

Rebars

After more than half a month of very good prices, the China domestic price is decresing. The mills this week cut its export quotations sharply to $ 570-590 FOB China, down $50-60 versus last week. However, due to Christmas holidays in Hong Kong and Singapore and other main export markets, there are still only a few transactions.

Cold Rolled Steel Coils

Cold rolled steel coils offers is seldom this week, only one or two steel mills in Northeast China still insisted on offer, reference price range $620-$625 FOB China. As the major global market holidays, the transaction is hard to find traces. At the end of the year, the China domestic trade demand slightly weakened and the overall market was deserted. It is expected that exports will continue to slump in the short term.

Hot Dipped Galvanized Steel Coils

Most overseas buyers left this week with few transactions. China steel mills generally choose to maintain the same offer, but also a slight increase of $5, the Z120, zero spangle, price range is about $685-$700 FOB China, some Southeast Asian buyers intent about $ 670 FOB China. By the cost of support, domestic galvanized steel coils price is stable, short-term export price less room for reduction.

Hot Rolled Mild Steel Plates

As domestic futures market softened and liquidity tightened by the end of the year, domestic trade slowed this week and exports were also very light due to holidays. This week, only a small order went to Pakistan, with a base price of $565 FOB China. Another steel resource of Feb, 2018 is still on sale. The market is expected to continue the downturn in the market outlook, but due to reduced supply, the price is still be supported.

H Beams

Due to the slowdown in domestic trade, H-beam export prices fell this week, but the winter is still limited production, Tangshan mills still have little export offers. The major mills are offering quotes at $ 595-600 FOB China (last week at $ 600-620) and some mills with $ 575 FOB China. There was a small amount of export turnover last week at $ 590-595 FOB China. POSCO Vietnam still has no H Beams offer this week.

Wire Rods

This week, non-alloy and alloy wire offer differentiation in China steel market. Alloy wire rods,mainstream steel mill keep to offer at $ 600-610 FOB China. Non-alloy wire rods offer $ 565-575 FOB China, which has obvious competitive advantage, to attract traders replenishment for warehouse. Overseas due to the holiday factor superimposed China price fluctuations, the transaction is not active, the Philippines some turnover of $ 580 CFR.

Square Bars

This week the domestic steel billet reference price of $ 525-545 FOB, compared with last week’s $ 545 FOB mainstream reference price fell significantly. Southeast Asian countries such as Indonesia hope for price of $ 525 CFR.

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.

HAPPY NEW YEAR OF 2018! HOPE 2018 MARKET MORE BETTER!

Copyrights Reserved with SINOWELL METAL

Info@sinowellmetal.com

Fiona.yu@sinowellmetal.com

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>