International Steel Prices

Chinese Steel Export Offers
Written by John Packard
June 15, 2014
The following steel pricing information is from one of our trading sources located in Asia. Steel Market Update requested price status for new offers on flat rolled steel and other products and this is what we received earlier today:
For what it is worth..
Hot rolled coil (HRC) 2.00mm (20% max.) of any order in S235JR/S275JR EU Norms with Silicon control to max. 0.03%, and again, the 235/275 numbers represent the Min. Yield N/mm2. USD505/mt FOB ST LSD. “Some” orders to S.E. Asia only, Vietnam, Korea, Japan.., nothing on long haul John.
Cold rolled coil (CRC) 1.00mm BASE, DC01 EU Norms which is equal to E1006/08 Al-Killed and Silicon max. 0.03%. USD575/mt FOB ST. LSD. “No” orders anywhere.
As for others, the prices are so high right now, it makes no sense to report them John.
Debars for example, 10mm (Max. 20% of any order) in BS4449 Gr. 460B, again, this 460 number means Min. Yield N/mm2. USD480/mt FOB ST. LSD. Some orders to S.E. Asia and 1-2 small orders to Middle East.

John Packard
Read more from John PackardLatest in International Steel Prices

CR import price gap widens with US
Cold-rolled (CR) coil prices ticked lower in the US this week, while prices in offshore markets diverged and ticked higher.

Spread between US HRC, imports widens
Domestic hot-rolled (HR) coil prices were flat this week for a third straight week. Offshore prices all moved higher w/w, widening the margin between stateside and foreign product.

Spread between US HRC and imports holds
Domestic hot-rolled (HR) coil prices were flat this week, while offshore prices varied week over week (w/w). The price margin between stateside and foreign product was little changed as a result.

Spread between US HRC and imports widens on S232
HRC prices in the US eroded further last week, while offshore prices varied week over week (w/w), widening the price margin between stateside and foreign product.

CR import price gap widens with US
Cold-rolled (CR) coil prices continued to decline in the US this week, while prices in offshore markets diverged and ticked higher.