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
Gap between US HR prices, imports narrows
SMU’s average price for domestic hot-rolled (HR) coil was $800 per short ton (st) this week, up $5/st week on week (w/w). In offshore markets last week, prices were varied.
Gap between US HR prices, imports little changed
SMU’s average price for domestic hot-rolled (HR) coil was $795 per short ton (st) this week, sideways week on week (w/w). The move was different in offshore markets last week, as prices eased marginally.
Gap between US HR and landed import prices starts to narrow
The price gap between stateside hot band and landed offshore product narrowed this week. Still, with the 50% Section 232 tariff, most imports remain much more expensive than domestic material.
Little change in price gap between US HR, imports
SMU’s average price for domestic hot-rolled (HR) coil held at $785 per short ton (st) this week, unchanged week on week (w/w). A similar dynamic was seen in offshore markets last week as well.
Price gap between US CR, most imports narrows
Cold-rolled (CR) coil prices ticked up in the US this week, matching a similar trend seen in offshore markets as well.