ShaGang to lift EXW price for the first ten days of Mar

Wednesday, 02 Mar 2011

It is reported that leading China steelmaker Benxi Steel unveiled its price change details for Mar 2011 deliveries and most carbon steel prices keep unchanged with the same as that of the last ten days in February

1. Rebar
Mar prices keep unchanged from February level
HRB335 with diameter 16mm to 25mm is offered at CNY 5,150 per tonne
HRB335 with diameter 10mm is offered at CNY 5,250 per tonne
HRB335 with diameter 12mm is priced at CNY 5,210 per tonne
HRB335 with diameter 14mm is priced at CNY 5,170 per tonne
HRB335 with diameter 28mm to 32mm is posted at CNY 5,250 per tonne
HRB400 with diameter 16mm to 25mm is posted at RMB 5,270/tonne;

2. High speed wire rod
Mar prices keep unchanged from February level
Q235 high speed wire rod with diameter 6.5mm is priced at CNY 5,150 per tonne

3. Spiral steel
Mar prices keep flat from February level
HRB400 spiral steel with diameter 8mm is posted at CNY 5,350 per tonne

4. Round bar steel
March prices remain flat from Feb level
Q235 round bar steel with diameter 16mm to 25mm is posted at CNY 5,200 per tonne

5. Hard wire rod
March prices remain flat from February level
45#hard wire rod with diameter 6.5mm is priced at CNY 5,300 per tonne
30MnSi with diameter 6.5mm is priced at CNY 5,400 per tonne
82B with diameter 6.5mm is offered at CNY 5,330 per tonne

6. HRC
March prices remain flat from February level
HRC Q235 with diameter 5.5*1500mm*C is offered at CNY 5000 per tonne
SPHC Q235 with diameter 5.5*1500mm*C is priced at CNY 5080tonne

7. Medium plate
Mar prices up CNY 200 per tonne from February level
Medium plate Q235 with diameter 14mm to 20mm is offered at CNY 5400 per tonne

All price changes listed below are INCLUSIVE of 17% VAT except stated otherwise, and will come into force as of the date of issuance. (sourced mysteel.net)

Tags :China's HRC prices, medium plate prices, Chinese steel mills, Spiral steel prices, round bar steel

Scrap buying prices in east China Move closer to $530

Tuesday, January 13, 2011

Major east China steelmakers raised domestic scrap buying prices by as much as RMB 250/tonne ($38/t) on 9 January to encourage dealers to sell. Sunday’s hike lifted buying prices for heavy melting scrap to a recent record high of around RMB 3,500/t ($528/t).

In east China’s Jiangsu province, market leader Shagang raised its purchase prices by a large RMB 250/t ($38/t) Sunday to take its buying price for heavy melting scrap (>6mm) to RMB 3,500/t ($528/t) on a delivered to mill basis with 17% VAT. On the same day, Xingcheng Special Steel lifted its buying price for the same grade to RMB 3,510/t ($529/t) with VAT from RMB 3,340/t ($504/t) previously.

Meanwhile, Suzhou Steel Group (Sugang) raised its scrap buying prices by RMB 50/t ($8/t) on 9 January as well, to take its current buying price for heavy melting scrap (>6mm) to RMB 3,500/t ($528/t). Thus, from 4-9 January the specialty steelmaker had raised its scrap prices three times for an accumulated increase of RMB 250/t ($38/t).

“Mills are raising their buying prices step-by-step since traders are looking forward to higher prices and because transactions are few. It is possible that mills will have to raise their prices further this week.

Source: scrapmetalsandplastics.com