Friday, 21 Oct 2011
Shandong Steel announces rebar EXW price for late October based on October 10 price levels.
II grade HRB335 rebar: Down by CNY 150 per tonne
16mm to 25mm- CNY 4750 per tonne
Markup
10mm - CNY 180 per tonne
12mm - CNY 100 per tonne
14mm - CNY 50 per tonne
28mm, 32mm - CNY 80 per tonne
36mm, 40mm, 45mm - CNY 150 per tonne
50mm - CNY 200 per tonne
HRB400 rebar
Mark up over HRB335
10mm to 25mm - CNY 100 per tonne
28mm, 32mm - CNY 130 per tonne
36mm, 40mm, 45mm - CNY 230 per tonne
50mm - CNY 350 per tonne
All the prices above include VAT and take effect from October 20, 2011.
Showing posts with label EXW prices. Show all posts
Showing posts with label EXW prices. Show all posts
Friday, October 21, 2011
Friday, March 11, 2011
Shagang reduces EXW prices for mid March deliveries
Friday, 11 Mar 2011
It is reported that the leading China steelmaker Shagang unveiled its price change details for the middle ten days of Mar 2011 deliveries as follows, with prices of most carbon steel declined by CNY 200 per tonne to CNY 400 per tonne.
1. High speed wire rod
The middle ten days of Mar prices down CNY 300 per tonne from the first ten days of Mar level,
HPB235 high speed wire rod with diameter 6.5mm was priced at CNY 4,850 per tonne
2. Rebar
The middle ten days of Mar prices down CNY 300 per tonne from the first ten days of Mar level
HRB335 high speed wire rod with diameter 16m to 25mm was offered at CNY 4,850 per tonne
HRB400 high speed wire rod with diameter 16mm to 25mm was listed at CNY 4,970 per tonne.
3. Spiral steel
The middle ten days of Mar prices down CNY 400 per tonne from the first ten days of March level
HRB400 spiral steel with diameter 8mm is posted at CNY 4,950 per tonne
4. Round steel
The middle ten days of March prices down CNY 200 per tonne from the first ten days of Mar level,
Q235 round steel with diameter 16 to 25 is priced at CNY 5000 per tonne
All price changes listed above are inclusive of 17% VAT except stated otherwise and will come into force as of the date of issuance.
1. High speed wire rod
The middle ten days of Mar prices down CNY 300 per tonne from the first ten days of Mar level,
HPB235 high speed wire rod with diameter 6.5mm was priced at CNY 4,850 per tonne
2. Rebar
The middle ten days of Mar prices down CNY 300 per tonne from the first ten days of Mar level
HRB335 high speed wire rod with diameter 16m to 25mm was offered at CNY 4,850 per tonne
HRB400 high speed wire rod with diameter 16mm to 25mm was listed at CNY 4,970 per tonne.
3. Spiral steel
The middle ten days of Mar prices down CNY 400 per tonne from the first ten days of March level
HRB400 spiral steel with diameter 8mm is posted at CNY 4,950 per tonne
4. Round steel
The middle ten days of March prices down CNY 200 per tonne from the first ten days of Mar level,
Q235 round steel with diameter 16 to 25 is priced at CNY 5000 per tonne
All price changes listed above are inclusive of 17% VAT except stated otherwise and will come into force as of the date of issuance.
(sourced :mysteel)
Monday, March 7, 2011
Chinese steelmakers to bear heavy pressure of price correction
Monday, 07 Mar 2011
It is reported that an analyst in an interview said “EXW prices of large scale steelmakers may be stable in April, but will certainly witness a correction in May.”
Actually, analysts were not the only group who held the pessimistic attitude to market. Part of traders decided to stop accepting ordering from steelmakers due to upside down between EXW prices and spot prices. It is possible that the operation in H1 of 2011 may be similar to that in May and June 2010.
1. Pressures after continuous price adjustment
Large scale steelmakers like WISCO, Baosteel, Angang, Benxi Iron and Steel, Shougang and HBIS issued EXW prices for March delivery after Lunar New Year with main products, CRC, HRC increased by CNY 300 per tonne.
WISCO was the first steel mill to raise EXW prices with margin CNY 200 per tonne to CNY 400 per tonne for instance
1. Wire rod up CNY 200 per tonne to CNY 330 per tonne
2. HRC up CNY 200 per tonne to CNY 400 per tonne
3. CRC up CNY 100 per tonne tone CNY 300 per tonne
4. Galvanized products up CNY 200 per tonne to CNY 350 per tonne
Following WISCO, Baosteel also raised its March products prices
1. HRC up CNY 300 per tonne
2. CRC appliance plate CNY 260 per tonne
3. Auto plate up CNY 300 per tonne
4. Galvanized up CNY 260 per tonne
5. Slab up CNY 300 per tonne
After that, Angang also raised its EXW with growth margin similar to WISCO and Baosteel.
After EXW prices increased a lot, costs of traders and other end-users were pulled up rapidly. In addition, domestic steel prices showed plunge in the second week after Lunar New Year, showing upside down between spot prices and EXW prices. Part of traders and end users had to stop ordering. And they estimated that the upside down situation will not last long, possibly ending with steelmakers compromise to reduce EXW prices.
However, steelmakers may not cut its EXW prices so soon and given they bears heavy pressures. They may possibly give traders kinds of discount instead of direct price decrease.
(sourced:mysteel)Actually, analysts were not the only group who held the pessimistic attitude to market. Part of traders decided to stop accepting ordering from steelmakers due to upside down between EXW prices and spot prices. It is possible that the operation in H1 of 2011 may be similar to that in May and June 2010.
1. Pressures after continuous price adjustment
Large scale steelmakers like WISCO, Baosteel, Angang, Benxi Iron and Steel, Shougang and HBIS issued EXW prices for March delivery after Lunar New Year with main products, CRC, HRC increased by CNY 300 per tonne.
WISCO was the first steel mill to raise EXW prices with margin CNY 200 per tonne to CNY 400 per tonne for instance
1. Wire rod up CNY 200 per tonne to CNY 330 per tonne
2. HRC up CNY 200 per tonne to CNY 400 per tonne
3. CRC up CNY 100 per tonne tone CNY 300 per tonne
4. Galvanized products up CNY 200 per tonne to CNY 350 per tonne
Following WISCO, Baosteel also raised its March products prices
1. HRC up CNY 300 per tonne
2. CRC appliance plate CNY 260 per tonne
3. Auto plate up CNY 300 per tonne
4. Galvanized up CNY 260 per tonne
5. Slab up CNY 300 per tonne
After that, Angang also raised its EXW with growth margin similar to WISCO and Baosteel.
After EXW prices increased a lot, costs of traders and other end-users were pulled up rapidly. In addition, domestic steel prices showed plunge in the second week after Lunar New Year, showing upside down between spot prices and EXW prices. Part of traders and end users had to stop ordering. And they estimated that the upside down situation will not last long, possibly ending with steelmakers compromise to reduce EXW prices.
However, steelmakers may not cut its EXW prices so soon and given they bears heavy pressures. They may possibly give traders kinds of discount instead of direct price decrease.
Tags :wire rod prices, galvanized products, auto plate, slab, Lunar New Year, Angang, Benxi Iron and Steel, Shougang,
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