International Steel Prices

Chinese Steel Prices Surging
Written by John Packard
July 24, 2017
Steel Market Update (SMU) sources in China have provided pricing guidance on a number of steel products coming out of China. We are seeing steel prices rising in China due to higher commodity prices (example: iron ore this morning was $69.70 per dry metric ton for 62% Fe, according to The Steel Index).
The following prices were provided to Steel Market Update by Beijing Metal Import and Export Co. and were dated July 23, 2017, for July shipment:
Beijing Metal advised more details for new pricing (July shipment):
For HRC, 2.0mm thickness now is around USD510-515/mt FOB
For GI, 1.0mm thickness now is around 605-610/mt FOB
Another one of our sources advised September prices are running $545/MT on 2.0 mm HRC. This is about $30 per ton higher than July pricing. Converted to net tons, the pricing is $600 per net ton (FOB China).
China is not shipping any hot rolled coil, cold rolled or coated to the United States due to existing antidumping and countervailing duties imposed on Chinese steels by the U.S. government.

John Packard
Read more from John PackardLatest in International Steel Prices

Doubled S232 tariff holds US HR prices below EU
David Schollaert presents this week's analysis of hot-rolled coil prices, foreign vs. domestic.

Higher US CR prices inch closer to EU, Japanese tags
US cold-rolled (CR) coil prices continued to tick higher this week, while offshore markets were mixed.

Stacked S232 keeps US HR prices below EU
US hot-rolled coil prices crept up again this week but still trail imports from Europe.

Doubled S232 lifts EU, Japanese CR prices over US tags
US cold-rolled (CR) coil prices edged up again this week, and most offshore markets moved in the opposite direction. But the diverging price moves stateside vs. abroad did little to impact pricing trends. The bigger impact was from Section 232, which were doubled to 50% as of June 3. The higher tariffs have resulted in […]

CRU: Sheet demand remains weak, tariff changes again alter markets
Subdued demand has continued to weigh on steel sheet prices globally.