| News - 03 Sep, 2010 |
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| 1. Steel prices may rise in China in September on inventory decline - 03 Sep, 2010 | Top |
The busy season which is coming and the stock situation in last week have given much confidence to China’s steel market. As a result, many industry insiders have had optimistic remarks about steel price in September, especially the price of long products.
According the latest market survey, on August 27, the overall stock volume of steel products in China is 15.35 million tonne, down by 0.15 million tonne compared to that of last week. Putting it in details, wire rod stock is 1.24 million tonne, down by 4.43% compared to last week; rebar stock is 5.46 million tonne, down by 1.29% compared to last week, and hot-rolled coil stock is 5.47 million tonne, down by 0.81% compared to last week.
The change of stock volume has a strong and direct effect on the trend of steel prices. On August 26, Shougang steel has increased the order price of its high speed wire by CNY 80 per tonne and rebar price by CNY 70 per tonne. Besides, another 14 steel enterprise have also raised the price of wire rod and rebar products on August 31 and September 1 consecutively.
However, there are still parts of steel products which have experience decline, for example, hot rolled coil price is down by CNY 220 per tonne, cold-rolled coil price is down by CNY 180 per tonne and section steel down by CNY 250 per tonne.
One steel analyst has given the reason
First, the traditional busy season of construction industry will begin in September, and the restrict policy of the use of electricity in some areas will seriously affect the production of mid and small-sized steel mills. The combination of the two factors wills certain push steel prices, especially long products price upward.
Second, the cost of steel products will also be a firm support of the uptrend for steel price in September.
And the optimistic prediction has already worked, as the steel section in both futures market and spot market closed at high price.
www.steelprices-china.com is a comprehensive service for tracking real time domestic steel prices and trends in China on daily basis.
The scope of service includes
1. Domestic pricing information in China
2. Export levels from Turkey, Rotterdam, China, India and Black Sea
The service is specifically designed to assist steel makers, traders, users and others connected with the industry to keep track of real time prices prevailing in the market and thus comprehensively evaluate steel pricing trends in the trend setting region
Methodology and access
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Products covered
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5. FOB levels for export FOB Black Sea, China, Turkey and India
Other features
The prices are displayed on weekly and monthly basis. They also have search facilities to access old data from the archives. Graphical representation of trends and comparison of price movement 2 or more products is also available.
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Other features include converters for weight, length etc, glossary and advanced search functions. The benchmark product price information is supplemented by global pricing news.
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| Currency | Single | 2-5 | 6-12 | 13-25 | 26-40 | 40-60
| | In CNY | 5,500 | 11,000 | 17,600 | 33,000 | 55,000 | 220,000
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(Sourced from www.steelprices-china.com)
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| 2. Chinese steel price index continues to increase - 03 Sep, 2010 | Top |
The Chinese Long Product Price Index CLPPI went up by 20 points on September 2nd 2010 whereas the Chinese Flat Products Index CFPPI went up by 19 points. The overall price index CHISPI went up by 19 points.
| Class | 01-Sep | 02-Sep | Change | %
| | CLPPI | 6748 | 6768 | 20 | 0.3%
| | CFPPI | 6832 | 6851 | 19 | 0.3%
| | CHISPI | 6796 | 6815 | 19 | 0.3% |
CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index
Long Products
| Category | 01-Sep | 02-Sep | Change | %
| | PI - WRC | 5845 | 5859 | 14 | 0.2%
| | PI - Rebar | 7841 | 7868 | 27 | 0.3% |
PI- Product Index
Flat Products
| Category | 01-Sep | 02-Sep | Change | %
| | PI - Plates | 6209 | 6209 | 0 | 0.0%
| | PI - HR | 6875 | 6900 | 25 | 0.4%
| | PI - CRC | 7249 | 7269 | 20 | 0.3%
| | PI - HDG | 6806 | 6822 | 16 | 0.2% |
PI- Product Index
To know more about these indices please visit
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| 3. Iron ore and coking coal prices to post first fall in long time on Chinese woes - 03 Sep, 2010 | Top |
Bloomberg reported that coking coal and iron ore sold by BHP Billiton Ltd and Rio Tinto Group will post the first price decline in three quarters as steelmakers cut orders on weaker demand from automakers and builders in China.
Quarterly prices between steelmakers and iron ore producers are set based on three month index averages on Platts, the Steel Index and Metal Bulletin. Most Chinese customers use Platts.
Mr Hu Kai an analyst at researcher UC361.com citing Platts index prices said contract prices for iron ore are set to fall 11% to USD 129 per tonne in the quarter starting October 1st down from the previous three months.
According to data compiled by the Steel Index which tracks 62% ore arriving at China Tianjin port prices would fall by about 12%. Fourth quarter iron ore prices should be set around USD 132 a ton for ore from Australia.
Japan JFE Holdings Inc and Kobe Steel Ltd said BHP the biggest exporter of coking coal cut prices by 7.1%. Kobe Steel spokesman Mr Hiroyuki Hashimoto said BHP Billiton will charge USD 209 per tonne for coking coal for the three months starting October 1st down from USD 225 a ton in the current quarter.
The Chinese government is seeking to trim credit growth from last year record USD 1.4 trillion and is discouraging multiple home purchases to restrain surging property prices. Economic expansion was 10.3% in the second quarter lower than the 11.9% in the first three months. The China Iron and Steel Association said slowing demand led about 40% of steelmakers in the country to idle plants or put them on maintenance and reducing their need for iron ore. Construction accounts for 70% of China steel consumption.
(Sourced from Bloomberg)
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| 4. Chinese domestic HR steel prices update on Sep 2 - 03 Sep, 2010 | Top |
HRC
4.75mm
Common
| Location | In CNY | In USD
| | Beijing | 24 | 4
| | Changsha | 20 | 3
| | Chengdu | 50 | 7
| | Chongqing | 0 | 0
| | Fuzhou | 0 | 0
| | Guangzhou | 0 | 0
| | Hangzhou | 14 | 2
| | Harbin | 0 | 0
| | Hefei | 42 | 6
| | Jinan | 0 | 0
| | Kunming | 44 | 6
| | Lanzhou | 0 | 0
| | Nanchang | 0 | 0
| | Nanjing | 20 | 3
| | Shanghai | 30 | 4
| | Shenyang | 0 | 0
| | Shijiazhuang | 10 | 1
| | Taiyuan | 0 | 0
| | Tianjin | 19 | 3
| | Urumchi | 0 | 0
| | Wuhan | 42 | 6
| | Xian | 20 | 3
| | Zhengzhou | 20 | 3
| | Average | 15 | 2 |
Change is on 2nd September as compared to 1st September 2010
Change is per tonne
USD:CNY = 6.81
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(Sourced from www. steelprices-china.com)
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| 5. Chinese domestic steel rebar prices shown improvement - 03 Sep, 2010 | Top |
Rebar
20mm
HRB 400
| Location | In CNY | In USD
| | Beijing | 0 | 0
| | Changsha | 20 | 3
| | Chengdu | 0 | 0
| | Chongqing | 0 | 0
| | Fuzhou | 0 | 0
| | Guangzhou | 10 | 1
| | Guiyang | 0 | 0
| | Hangzhou | 17 | 2
| | Harbin | 0 | 0
| | Hefei | 30 | 4
| | Jinan | 20 | 3
| | Kunming | 0 | 0
| | Lanzhou | 17 | 2
| | Nanchang | 50 | 7
| | Nanjing | 88 | 13
| | Shanghai | 24 | 4
| | Shenyang | 0 | 0
| | Shijiazhuang | 0 | 0
| | Taiyuan | 0 | 0
| | Tianjin | 0 | 0
| | Wuhan | 18 | 3
| | Xian | 44 | 6
| | Zhengzhou | 26 | 4
| | Average | 16 | 2 |
Change is on 2nd September as compared to 1st September 2010
Change is per tonne
USD:CNY = 6.81
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(Sourced from www. steelprices-china.com)
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| 6. Chinese domestic steel wire rod price update on Sep 2 - 03 Sep, 2010 | Top |
WRC
6.5mm
Common
| Location | In CNY | In USD
| | Changsha | 10 | 1
| | Chengdu | 0 | 0
| | Chongqing | 29 | 4
| | Guiyang | 0 | 0
| | Hangzhou | 0 | 0
| | Harbin | 0 | 0
| | Kunming | 0 | 0
| | Nanchang | 36 | 5
| | Nanjing | 40 | 6
| | Shanghai | 30 | 4
| | Shenyang | 0 | 0
| | Shijiazhuang | 0 | 0
| | Taiyuan | 0 | 0
| | Tianjin | 0 | 0
| | Wuhan | 20 | 3
| | Zhengzhou | 0 | 0
| | Average | 10 | 2 |
Change is on 2nd September as compared to 1st September 2010
Change is per tonne
USD:CNY = 6.81
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(Sourced from www. steelprices-china.com)
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| 7. Chinese domestic SBQ steel plate price update on Sep 2 - 03 Sep, 2010 | Top |
Plates
20mm
Ship Building Quality
| Location | In CNY | In USD
| | Shanghai | 0 | 0
| | Nanjing | 42 | 6
| | Jinan | 0 | 0
| | Fuzhou | 0 | 0
| | Guangzhou | 0 | 0
| | Wuhan | 0 | 0
| | Tianjin | 0 | 0
| | Ningbo | 0 | 0
| | Average | 6 | 1 |
Change is on 2nd September as compared to 1st September 2010
Change is per tonne
USD:CNY = 6.81
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(Sourced from www. steelprices-china.com)
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| 8. Chinese domestic narrow HR strip prices update on Sep 2 - 03 Sep, 2010 | Top |
HR Strip
183*2.75
| Location | In CNY | In USD
| | Shanghai | 0 | 0
| | Hangzhou | 20 | 3
| | Guangzhou | 28 | 4
| | Wuhan | 0 | 0
| | Tianjin | 0 | 0
| | Chengdu | 0 | 0
| | Wuxi | 70 | 10
| | Lecong | 19 | 3
| | Tangshan | 0 | 0
| | Average | 15 | 2 |
Change is on 2nd September as compared to 1st September 2010
Change is per tonne
USD:CNY = 6.81
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(Sourced from www. steelprices-china.com)
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| 9. Chinese domestic steel billet price update on Sep 2 - 03 Sep, 2010 | Top |
Billets
150*150
Q235
| Location | In CNY | In USD
| | Fujian | 0 | 0
| | Liaoyang | 0 | 0
| | Linfen | 38 | 6
| | Linzhou | 0 | 0
| | Shandong | 0 | 0
| | Tangshan | 0 | 0
| | Tianjin | 20 | 3
| | Zibo | 0 | 0
| | Average | 7 | 1 |
Change is on 2nd September as compared to 1st September 2010
Change is per tonne
USD:CNY = 6.81
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(Sourced from www. steelprices-china.com)
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| 10. Chinese domestic steel Angle price update on Sep 2 - 03 Sep, 2010 | Top |
Angle
#5
| Location | In CNY | In USD
| | Shanghai | 40 | 6
| | Hangzhou | 0 | 0
| | Nanjing | 42 | 6
| | Jinan | 0 | 0
| | Hefei | 54 | 8
| | Fuzhou | 0 | 0
| | Nanchang | 0 | 0
| | Guangzhou | 0 | 0
| | Changsha | 0 | 0
| | Wuhan | 0 | 0
| | Zhengzhou | 0 | 0
| | Beijing | 0 | 0
| | Tianjin | 20 | 3
| | Shijiazhuang | 0 | 0
| | Taiyuan | 0 | 0
| | Shenyang | 16 | 2
| | Harbin | 0 | 0
| | Chongqing | 0 | 0
| | Chengdu | 0 | 0
| | Kunming | 103 | 15
| | Xian | 0 | 0
| | Lanzhou | 0 | 0
| | Urumchi | 0 | 0
| | Average | 12 | 2 |
Change is on 2nd September as compared to 1st September 2010
Change is per tonne
USD:CNY = 6.81
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(Sourced from www. steelprices-china.com)
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| 11. Chinese domestic steel beam price update on Sep 2 - 03 Sep, 2010 | Top |
Beam
#25
| Location | In CNY | In USD
| | Shanghai | -4265 | -626
| | Hangzhou | 0 | 0
| | Nanjing | 20 | 3
| | Jinan | 10 | 1
| | Hefei | 56 | 8
| | Fuzhou | 0 | 0
| | Nanchang | 0 | 0
| | Guangzhou | 0 | 0
| | Changsha | 0 | 0
| | Wuhan | 0 | 0
| | Zhengzhou | 0 | 0
| | Beijing | 0 | 0
| | Tianjin | 40 | 6
| | Shijiazhuang | 0 | 0
| | Taiyuan | 0 | 0
| | Shenyang | 0 | 0
| | Harbin | 0 | 0
| | Chongqing | 0 | 0
| | Chengdu | 0 | 0
| | Kunming | 0 | 0
| | Xian | 0 | 0
| | Lanzhou | 0 | 0
| | Urumchi | 0 | 0
| | Average | -180 | -26 |
Change is on 2nd September as compared to 1st September 2010
Change is per tonne
USD:CNY = 6.81
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(Sourced from www. steelprices-china.com)
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| 12. Chinese domestic CR steel price update on Sep 2 - 03 Sep, 2010 | Top |
CR
1mm
| Location | In CNY | In USD
| | Shanghai | 0 | 0
| | Hangzhou | 0 | 0
| | Nanjing | 20 | 3
| | Jinan | 0 | 0
| | Hefei | 52 | 8
| | Fuzhou | 0 | 0
| | Nanchang | 0 | 0
| | Guangzhou | 0 | 0
| | Changsha | 0 | 0
| | Wuhan | 0 | 0
| | Zhengzhou | 0 | 0
| | Beijing | 0 | 0
| | Tianjin | 0 | 0
| | Shijiazhuang | 0 | 0
| | Taiyuan | 0 | 0
| | Shenyang | 0 | 0
| | Harbin | 0 | 0
| | Chongqing | 73 | 11
| | Chengdu | 0 | 0
| | Kunming | 0 | 0
| | Xian | 0 | 0
| | Lanzhou | 0 | 0
| | Urumchi | 0 | 0
| | Qingdao | 0 | 0
| | Average | 6 | 1 |
Change is on 2nd September as compared to 1st September 2010
Change is per tonne
USD:CNY = 6.81
To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a mail to admin@steelprices-china.com. Please note that this is a paid service.
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(Sourced from www. steelprices-china.com)
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| 13. Chinese domestic galvanized steel HDG price remain flat - 03 Sep, 2010 | Top |
HDG
0.5mm
| Location | In CNY | In USD
| | Shanghai | 0 | 0
| | Hangzhou | 0 | 0
| | Fuzhou | 0 | 0
| | Nanchang | 0 | 0
| | Guangzhou | 0 | 0
| | Wuhan | 0 | 0
| | Zhengzhou | 0 | 0
| | Beijing | 0 | 0
| | Tianjin | 0 | 0
| | Shenyang | 0 | 0
| | Harbin | 0 | 0
| | Chongqing | 0 | 0
| | Xian | 0 | 0
| | Boxing | 1 | 0
| | Average | 0 | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is per tonne
USD:CNY = 6.81
To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a mail to admin@steelprices-china.com. Please note that this is a paid service.
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(Sourced from www. steelprices-china.com)
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| 14. Chinese domestic steel channel price update on Sep 2 - 03 Sep, 2010 | Top |
Channel
#16
| Location | In CNY | In USD
| | Shanghai | 62 | 9
| | Hangzhou | 0 | 0
| | Nanjing | 54 | 8
| | Jinan | 7 | 1
| | Hefei | 27 | 4
| | Fuzhou | 0 | 0
| | Nanchang | 0 | 0
| | Guangzhou | 0 | 0
| | Changsha | 0 | 0
| | Wuhan | 0 | 0
| | Zhengzhou | 0 | 0
| | Beijing | 0 | 0
| | Tianjin | 40 | 6
| | Shijiazhuang | 0 | 0
| | Taiyuan | 0 | 0
| | Shenyang | 0 | 0
| | Harbin | 0 | 0
| | Chongqing | 0 | 0
| | Chengdu | 0 | 0
| | Kunming | 0 | 0
| | Xian | 0 | 0
| | Lanzhou | 0 | 0
| | Urumchi | 0 | 0
| | Average | 8 | 1 |
Change is on 2nd September as compared to 1st September 2010
Change is per tonne
USD:CNY = 6.81
To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a mail to admin@steelprices-china.com. Please note that this is a paid service.
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(Sourced from www. steelprices-china.com)
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| 15. Chinese domestic steel plate price remain flat - 03 Sep, 2010 | Top |
Plates
20mm
Common
| Location | In CNY | In USD
| | Beijing | 0 | 0
| | Changsha | 0 | 0
| | Chengdu | 0 | 0
| | Chongqing | 0 | 0
| | Fuzhou | 0 | 0
| | Guangzhou | 0 | 0
| | Hangzhou | 0 | 0
| | Harbin | 0 | 0
| | Hefei | 0 | 0
| | Jinan | 0 | 0
| | Kunming | 0 | 0
| | Lanzhou | 0 | 0
| | Nanchang | 0 | 0
| | Nanjing | 0 | 0
| | Shanghai | 0 | 0
| | Shenyang | 0 | 0
| | Shijiazhuang | 0 | 0
| | Taiyuan | 0 | 0
| | Tianjin | 0 | 0
| | Wuhan | 0 | 0
| | Xian | 0 | 0
| | Zhengzhou | 0 | 0
| | Average | 0 | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is per tonne
USD:CNY = 6.81
To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a mail to admin@steelprices-china.com. Please note that this is a paid service.
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(Sourced from www. steelprices-china.com)
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| 16. Chinese domestic pig iron prices update on Sep 2 - 03 Sep, 2010 | Top |
Pig Iron
L08-L10
| Location | In CNY | In USD
| | Anshan | 0 | 0
| | Changzhou | 0 | 0
| | Guiyang | 0 | 0
| | Harbin | 0 | 0
| | Kunming | 0 | 0
| | Linyi | 0 | 0
| | Taiyuan | 0 | 0
| | Weihai | 0 | 0
| | Wuan | 34 | 5
| | Yicheng | 0 | 0
| | Average | 3 | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is per tonne
USD:CNY = 6.81
To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a mail to admin@steelprices-china.com. Please note that this is a paid service.
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(Sourced from www. steelprices-china.com)
|
| 17. SULB starts construction of steel plant project in Bahrain - 03 Sep, 2010 | Top |
Arab Steel reported that United Steel Company has started the Phase I of construction in its steel manufacturing project in Bahrain.
Mr Khaled Al Qadieri MD of SULB said that the Phase I of the construction is expected to be completed in 2011. He explained that embarking on the three plants of the complex have come after reexamining all necessary environmental stipulations completing all related studies complying with local and international environmental standards and acquiring all necessary approvals from official authorities.
The report said that 2 consortiums, formed by Kobe Steel Midrex and SMS Meer SMS Samsung Engineering will implement SULB's planned facilities, which include a direct reduced iron plant with an initial capacity of 1.5 million tonnes per year and a melt shop and heavy section rolling mill with a designed capacity of 800,000 tonnes.
The complex will also include a pelletizing plant with an annual production capacity of 5 million tonnes and a second pelletizing plant that have been launched with an annual capacity of 7 million tonnes complementing the first one.
Mr Al Qadieri pointed out that the two contracting companies, Kobe Steel of Japan and SMS of Germany who will provide the technology for the project have awarded contracts to Bahraini companies whereas SULB haven't awarded any further contracts other than those with the aforementioned companies for the purpose of plant construction.
SULB will begin commercial operations and the production of medium and heavy beams and structural sections by the H2 of 2012.
(Sourced from Arab Steel)
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| 18. Ezzsteel increase rebar price for September 2010 - 03 Sep, 2010 | Top |
Arab Steel reported that Ezzsteel increased the price of rebar as of September 2010 by EGP 350 per tonne. Thus, the EXW price of rebar reached EGP 3,950 per tonne, tax on sales not included, as compared to EGP 3600 for August rising by 9.7% MoM.
This increase which is the second after the one in August by EGP 50 per tonne comes in order to cover the increase in the raw material costs after the billet prices increased by approximately USD 120 per tonne up from its level 8 weeks ago rising to USD 545 per tonne which is the current price up from USD 425 per tonne. In addition, the price of scrap was up by USD85 to reach USD 355 per tonne to USD 360 per tonne in the mean time.
Despite the demand slowdown in the Egyptian rebar market during August, marking up to 8% as per an official of Ezzsteel, it is expected that demand will regain momentum after Eid Alfitr holidays. The rebar selling price at the local market is still lower than those in many Arab countries in spite of the increase with an average exceeding USD 700 per tonne.
Other rebar producers in Egypt are expected to announce similar rises in rebar price. In this regard, Beshay Steel, the second largest rebar producer in Egypt, announced an increase by EGP 325 per tonne, ie the new EXW rebar price is now EGP 3875 per tonne.
(Sourced from Arab Steel)
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| 19. Turkish steel mills restart scrap purchase after a pause - 03 Sep, 2010 | Top |
Turkish companies resumed purchases and thus gave the suppliers the opportunity to return the prices to the level of the H1 of August. The US companies offer HMS ? 1&2 at USD 395 per tonne to 400 per tonne CFR. The prices for European and Russian scrap keep at USD 395 per tonne CFR.
The main reason of scrap purchases resumption is acute shortage of scrap in global market. In summer the collecting volumes were rather small, and the demand grew significantly recently in Eastern Asia, Japan and the USA. At that the price of the US HMS ? 1&2 with the delivery to Far East reached USD 400 per tonne to USD 410 per tonne CFR.
In ASEAN countries it reached USD 420 per tonne CFR. Japanese H2 scrap is offered at USD 375 per tonne to USD 385 per tonne CFR in Korea and China and at the prices up to USD 420 per tonne CFR in Taiwan. In Japan Tokyo Steel Manufacturing increased scrap purchases price and other consumers had to follow this example.
The US traders are waiting for a new prices jump in domestic market in Sep. The majority of local rolling mills are finishing the season with empty warehouses. That is why they will have to refill the stockpiles very soon. Earlier the analysts believed that the prices for the key grades of scrap would grow by USD 20 per tonne to USD 40 per tonne.
(Sourced from ugmk.info)
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| 20. Indian flat product price index up by 56 points - 03 Sep, 2010 | Top |
The Indian Long Product Price Index ILPPI went down by 19 points on September 2nd 2010 whereas Indian Flat Product Price Index IFPPI went up by 56 points. The overall Indian Steel Price Index INDSPI went up by 17 points
| Class | 01-Sep | 02-Sep | Change | %
| | ILPPI | 6911 | 6892 | -19 | -0.3%
| | IFPPI | 7693 | 7749 | 56 | 0.7%
| | INDSPI | 7283 | 7300 | 17 | 0.2% |
ILPPI - Long Product Price Index
IFPPI - Flat Product Price Index
INDSPI - Indian Steel Price Index
Long Products
| Category | 01-Sep | 02-Sep | Change | %
| | PI - TMT | 6816 | 6798 | -18 | -0.3%
| | PI - WRC | 7235 | 7207 | -28 | -0.4%
| | PI - Angle | 6590 | 6621 | 31 | 0.5%
| | PI - Channel | 6670 | 6632 | -38 | -0.6%
| | PI - Joist | 6163 | 6161 | -1 | 0.0% |
PI - Product Index
Flat Products
| Category | 01-Sep | 02-Sep | Change | %
| | PI - Narrow Plates | 7222 | 7293 | 72 | 1.0%
| | PI - Wide Plates | 7620 | 7687 | 67 | 0.9%
| | PI - Hot Rolled | 7420 | 7465 | 46 | 0.6%
| | PI - Cold Rolled | 8571 | 8630 | 59 | 0.7%
| | PI - Galvanized | 8213 | 8295 | 81 | 1.0% |
PI - Product Index
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|
| 21. Pencil ingot price movement in major places - 03 Sep, 2010 | Top |
Pencil ingot
| Location | Change
| | Ahmedabad | 0
| | Alang | 100
| | Bhiwari | 0
| | Chennai | 453
| | Durgapur | 408
| | Ghaziabad | 100
| | Hyderabad | 0
| | Jaipur | 0
| | Jamshedpur | 0
| | Kanpur | 0
| | Kolkata | 181
| | Mandi | 272
| | Mumbai | 100
| | Muzzafarnagar | 87
| | Nagpur | 227
| | Raigarh | 181
| | Raipur | 200
| | Rourkela | 0
| | Rudrapur | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
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|
| 22. SAIL cuts discount on flat products by INR 1000 - Report - 03 Sep, 2010 | Top |
Steel Authority of India, the country's largest domestic steelmaker, has cut discount on flat products, used by appliance and auto makers, by INR 1,000 per tonne from September 1.
A company source told Reuters that prices for long products, mainly used in construction, remain unchanged.
(Sourced from Reuters)
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| 23. HR steel prices up in Kolkata - 03 Sep, 2010 | Top |
HRC
Tube
2.5x1250
| Location | Change
| | Ahmedabad | 0
| | Bangalore | 0
| | Chennai | 0
| | Delhi | 0
| | Indore | 171
| | Kolkata | 1179
| | Ludhiana | 0
| | Mumbai | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
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(Sourced from www.steelprices-india.com)
|
| 24. JSW Steel raises prices by 3pct to 4 pct - 03 Sep, 2010 | Top |
JSW Steel Ltd has raised prices by 3% to 4% on higher international prices and input cost, effective September 1.
The report quoted Mr Jayant Acharya director of JSW Steel as saying that "We had reduced prices in June. July and August it was mostly stable and now in September we have raised as costs have gone up. Our prices are linked to international prices and that is going up.”
(Sourced from Reuters)
|
| 25. Rebar TMT QST price crashes in Chennai - 03 Sep, 2010 | Top |
TMT
Fe 415
12mm
| Location | Change
| | Ahmedabad | 0
| | Bangalore | -300
| | Chennai | -520
| | Delhi | 0
| | Hyderabad | 0
| | Indore | 200
| | Kanpur | 0
| | Kolkata | 0
| | Mandi | 0
| | Mumbai | 115
| | Raipur | 0
| | Rudrapur | 0
| | Muzzafarnagar | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
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(Sourced from www.steelprices-india.com)
|
| 26. Wide steel plate price up in Kolkata - 03 Sep, 2010 | Top |
PLTS
GR B
12-20x2.5
| Location | Change
| | Ahmedabad | 0
| | Bangalore | 0
| | Chennai | 0
| | Delhi | 0
| | Indore | 513
| | Kanpur | 0
| | Kolkata | 1269
| | Mumbai | 0
| | Raipur | 0
| | Rudrapur | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
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(Sourced from www.steelprices-india.com)
|
| 27. Sponge iron price up in Raigarh and Raipur - 03 Sep, 2010 | Top |
Sponge iron
| Location | Change
| | Bellary | 0
| | Kolkata | 0
| | Raigarh | 300
| | Raipur | 300
| | Rourkela | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
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(Sourced from www.steelprices-india.com)
|
| 28. Steel light channel prices crashes in Chennai - 03 Sep, 2010 | Top |
CHNL
GR A
75/100
| Location | Change
| | Ahmedabad | 0
| | Bangalore | 0
| | Chennai | -1360
| | Delhi | 0
| | Indore | 300
| | Kanpur | 0
| | Kolkata | 0
| | Mandi | 0
| | Mumbai | 115
| | Raipur | 0
| | Rudrapur | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
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(Sourced from www.steelprices-india.com)
|
| 29. Steel wire rod prices up in Chennai - 03 Sep, 2010 | Top |
WRC
SWR14
5.5/6
| Location | Change
| | Chennai | 453
| | Delhi | 0
| | Kanpur | 0
| | Kolkata | 0
| | Raipur | 0
| | Rudrapur | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
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(Sourced from www.steelprices-india.com)
|
| 30. CR steel price movement on Sep 2 - 03 Sep, 2010 | Top |
CR
DSK
0.63
| Location | Change
| | Ahmedabad | 0
| | Bangalore | 0
| | Chennai | 0
| | Delhi | 0
| | Kanpur | 0
| | Kolkata | 1360
| | Mumbai | 0
| | Pune | 0
| | Rudrapur | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
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(Sourced from www.steelprices-india.com)
|
| 31. Steel plate cuttings price remains flat at Alang - 03 Sep, 2010 | Top |
| Product | Grade | Size | Change
| | Plate cuttings | Rolling | 1" | 0
| | Ship Scrap | Melting | Mixed | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
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(Sourced from www.steelprices-india.com)
|
| 32. GP steel HDG price update on Sep 2 - 03 Sep, 2010 | Top |
GP
100Gms
0.40
| Location | Change
| | Mumbai | 218
| | Chennai | 0
| | Kolkata | 1308
| | Delhi | 0
| | Ludhiana | 0
| | Kanpur | 0
| | Rudrapur | 0
| | Bangalore | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
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(Sourced from www.steelprices-india.com)
|
| 33. Steel melting scrap price up in Chennai - 03 Sep, 2010 | Top |
Melting scrap
80:20
HMS
| Location | Change
| | Chennai | 453
| | Hyderabad | 0
| | Kandla | 0
| | Kanpur | 0
| | Kolkata | 181
| | Mandi | 181
| | Mumbai | 100
| | Rudrapur | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
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(Sourced from www.steelprices-india.com)
|
| 34. Pig iron price remain flat on Sep 2 - 03 Sep, 2010 | Top |
Pig iron
Foundry Grade
| Location | Change
| | Agra | 0
| | Jallandhar | 0
| | Kolkata | 0
| | Raipur | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
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(Sourced from www.steelprices-india.com)
|
| 35. Steel joist I Beam prices scenario in major places - 03 Sep, 2010 | Top |
JSTI
GR A
250X125
| Location | Change
| | Ahmedabad | 0
| | Bangalore | 0
| | Chennai | 0
| | Delhi | 0
| | Indore | 300
| | Kanpur | 0
| | Kolkata | -104
| | Mandi | 0
| | Mumbai | 115
| | Raipur | 0
| | Rudrapur | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service.
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(Sourced from www.steelprices-india.com)
|
| 36. Patra Narrow HR steel strips price - 03 Sep, 2010 | Top |
Patra
| Location | Change
| | Delhi | 0
| | Ludhiana | 0
| | Mandi | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service.
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(Sourced from www.steelprices-india.com)
|
| 37. Narrow HR steel plate price remain flat on Sep 2 - 03 Sep, 2010 | Top |
PLTS
GR A
8x1250
| Location | Change
| | Chennai | 0
| | Kanpur | 0
| | Mumbai | 0
| | Rudrapur | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service.
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(Sourced from www.steelprices-india.com)
|
| 38. GC steel HDG price up in Kolkata - 03 Sep, 2010 | Top |
GC
100Gms
0.40
| Location | Change
| | Bangalore | 0
| | Chennai | 0
| | Delhi | 0
| | Kanpur | 0
| | Kolkata | 1308
| | Ludhiana | 0
| | Mumbai | 0
| | Rudrapur | 0 |
Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service.
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(Sourced from www.steelprices-india.com)
|
| 39. BDI recovers further by 94 points - 03 Sep, 2010 | Top |
It is reported that on September 2nd 2010, Baltic Dry Index reached 2835 points, up by 94 points as compared to September 1st 2010.
Capsize
| BCI | Change
| | INDEX | 3900 | +257
| | SPOT 4 TCE AVG | 38939 | +3007
| | September 1st 2010 | 35932 |
| | Year Ago | 37865 | |
All except INDEX in USD
Change is with respect to numbers on September 1st 2010
Panamax
| BPI | Change
| | INDEX | 3032 | +77
| | SPOT 4 TCE AVG | 24384 | +627
| | September 1st 2010 | 23757 |
| | Year Ago | 17303 | |
All except INDEX in USD
Change is with respect to numbers on September 1st 2010
Supramax
| BSI | Change
| | INDEX | 1998 | -31
| | SPOT 4 TCE AVG | 20897 | -316
| | September 1st 2010 | 21213 |
| | Year Ago | 18189 | |
All except INDEX in USD
Change is with respect to numbers on September 1st 2010
Spot 4 TC Average = Average Value of the Four Main Shipping Routes
BDI = Weighted Composite Index of BCI/BPI/BHMI
To keep tab on steel prices in India on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com. Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
|
| 40. AK Steel announces October 2010 surcharges for electrical steel - 03 Sep, 2010 | Top |
AK Steelhas advised its customers that a USD 350 per ton surcharge will be added to invoices for electrical steel products shipped in October 2010.
October 2010 surcharges for the broad range of stainless steel products that AK Steel produces can be found on the company's web site at www.aksteel.com.
|
| 41. Yusco and Tang Eng to hike stainless steel price for September - 03 Sep, 2010 | Top |
Taiwan’s Yieh United Steel Corp and Tang Eng have both announced to lift export price of stainless steel for September.
Yusco’s domestic prices for 304 and 430 grades remain unchanged and for 316L extra cost to lift by TWD 2,000 per tonne.
Meanwhile, Yusco’s export price for 300 series stainless steel has increased by USD 60 to USD 80 per tonne and for 400 series has increased by USD 30 to USD 50 per tonne.
Tang Eng’s domestic price for 300 series stainless steel remains unchanged and lifts price by USD 140 per tonne for stainless steel exports.
The price level is expected to close between these two mills. Also, new price level could approach to spot market. The demand does not show positive direction yet. However, it is expected to improve as the nickel price continues soaring.
(Sourced from YIEH.com)
|
| 42. Taiwanese wire rod prices hold steady - 03 Sep, 2010 | Top |
Demand for wire rod in Taiwan is still poor, so the sales dropped. However, the wire rod price didn't drop further. After the China Steel Corp announced the new price, the wire rod price is expected to be stable this week.
Currently, the al-killed wire rod price is in the range of TWD 26,000 per tonne to TWD 26,500 per tonne. And the rimmed wire rod price is at the level of TWD 24,000 per tonne to TWD 24,500 per tonne.
The killed steel wire rod price is about TWD 22,000 per tonne to TWD 22,500 per tonne.
(Sourced from YIEH.com)
|
| 43. Yieh Hsing to keep steel wire rod prices unchanged for Sep - 03 Sep, 2010 | Top |
Taiwan’s Yieh Hsing Enterprise has announced to keep its carbon steel wire rod prices unchanged for September. The new price is as same as expectation from the market. However, the new price is also as same as Quintain Steel.
The company’s new price for killed steel wire rod is TWD 22,500 per tonne. And the rimmed steel wire rod price is TWD 24,500 per tonne.
(Sourced from YIEH.com)
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| 44. Brazilian aggression may dampen EU steel mills plan to hike HR prices - 03 Sep, 2010 | Top |
It is reported that Brazilian Mills are aggressively offering HRC to various EU destinations at price levels said to be around USD 630 per tonne to USD 640 per tonne CFR FO
It equates to EUR 490 per tonne to EIUR 500 per tonne CFR FO.
The offers will definitely have a negative impact on the attempt of EU steel mills to increase prices by EUR 30 per tonne for October December quarter.
www.steelprices-middleesat.com is a comprehensive service for tracking real time domestic steel prices and trends in Middle East.
The scope of service includes
1. Domestic pricing information in UAE, Saudi Arab, Qatar, Kuwait and Bahrain
2. Export levels from Turkey, Rotterdam, China, India and Black Sea
The service is specifically designed to assist steel makers, traders, users and others connected with the industry to keep track of real time prices prevailing in the market and thus comprehensively evaluate steel pricing trends in the trend setting region
Methodology and access
1. Benchmark products in each category with fixed commonly used sizes and grades
2. Average transaction levels which have settled well, based on continuous interactions with domestic mills, service centers, stockiest, traders and buyers
4. On fixed market oriented payment terms
5. Daily updates
6. Data available since July 2008
5. Access through web site
Products covered
1. Long Products
2. Flat Products
3. FOB levels for export FOB Black Sea, China, Turkey and India
Other features
The prices are displayed on weekly and monthly basis. They also have search facilities to access old data from the archives. Graphical representation of trends and comparison of price movement 2 or more products is also available.
In addition, you can monitor currency exchange rates, metal prices, BDI for the day as well as access their archives for past data.
Other features include converters for weight, length etc, glossary and advanced search functions. The benchmark product price information is supplemented by global pricing news.
Subscription charges for 12 month period
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| | In USD | 1,650 | 3,300 | 5,500 | 11,000 | 16,500 | 22,000 |
How to subscribe
How to subscribe
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(Sourced from www.steelprices-middleeast.com)
|
| 45. MEPS update North American steel market - 03 Sep, 2010 | Top |
HOT ROLLED COIL
US transaction values continued to rise in the third quarter 2009 as delivery lead times extended. Although raw steel output was climbing steadily as blast furnaces were relit, the economy remained depressed, leading to a persistently low level of steel consumption. Selling figures leveled off in the final trimester. A flurry of mill price hike announcements in December translated into substantially higher transaction numbers for period one 2010 business. The primary driver for the advances was escalating input costs. This upward trend continued until May, when prices started to decline as the market slowed for seasonal reasons. The steelmakers, desperate for orders, began to make a series of concessions. Customers secured a further discount of around USD 40 per tonne this month. The situation in Canada mirrored that in the US. Throughout the review period, distributors kept stocks to a minimum. There was also a scarcity of attractive import opportunities.
HOT ROLLED PLATE
North American transaction figures climbed throughout most of the first half of 2010 but the upward movement was mainly cost driven. Sales of commodity grade material remained weak, particularly to the construction sector. Demand for the higher specifications improved due to recovery in several end-user sectors. Values started to slide in June as delivery lead times contracted. Further declines are expected in the next few months as import offers become more competitive.
COLD ROLLED COIL
North American prices moved up throughout much of the twelve month assessment span amidst depleted inventories and a relatively low level of demand with the exception of auto related applications. The primary drivers of the positive price development were hardening scrap costs, tight supply and a lack of interesting import offers. Producers started to cut values in June as the traditional summer slowdown resulted in inadequate mill order books.
COATED COILS
The price tendency in North America was upwards for the majority of the last twelve months. The auto sector became much more active and white goods sales were stimulated by a state run rebate program in the US. However, the construction industry failed to rebound to any great extent. The mills agreed discounts in June/July and another concession was given for August business as order books failed to fill.
MEDIUM SECTIONS AND BEAMS
The North American market endured dismal consumption caused by an ailing nonresidential construction sector. Transaction values this month are only just above those of a year ago, despite a number of fluctuations due to scrap movements. We have noted some price cutting recently. Producers have poor order books and are now trying to cope with increased import penetration.
REINFORCING BAR
Seasonally contracting sales volumes adversely affected North American transaction values during the fourth trimester 2009. Despite the ongoing poor state of the building industry and reluctance by distributors to hold stock, the producers tabled a series of monthly advances through to June this year on the back of positive scrap movements. Mill activity remains soft with short delivery lead times. A price decline has set in.
MERCHANT BARS
Very dull market conditions resulted in US steelmakers marking down transaction values in autumn 2009. Although sales remained muted at both the mills and distributors, buyers agreed a number of price hikes during the first quarter 2010 as scrap costs surged. This tendency was reversed in May. We cannot see any prospect for improvement this year as weakness persists in all consuming sectors. The situation in Canada was comparable.
(Sourced from MEPS - International Steel Review)
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