China HR sheet/coil daily recap – September 30

China HR sheet/coil daily recap – September 30

On Friday, most traders stopped quoting prices in the Shanghai hot rolled sheet and coil (HRS&C) market due to the upcoming holiday. 5.75mm*1500*C SS400 was steady at RMB 3’150/ton ($388), 2.75mm*1250*C SPHC was stable at RMB 3’800/ton ($469), and Thailand origin 1.8mm*1250*C SPHC was RMB 4’100/ton ($506). For details, please see the following: Medium HRS&C* In the morning, most medium and small–scale traders made no price quotations, while some leading traders still kept their prices stable. Prices of Tangshan Steel and Benxi Steel’s 5.5-11.5mm SS400 products were in the range of RMB 3’150-3’200/ton ($388-395). Shagang’s 5.5mm*1250*C Q235B was stable at RMB 3’130/ton ($386). A majority of traders stopped doing business in the afternoon. There was a distinct lack of activity today. Notable prices remained unchanged: Lianyuan Steel 5.5-7.5mm Q235B was RMB3’150/ton ($388), Benxi Steel 4.75-7.5mm SS400 was RMB 3’150/ton ($388), and Tangshan Steel 5.75-11.5mm SS400 was RMB 3’150/ton ($388). Thin HRS&C** Prices of thin products remained unchanged. Notable prices were Zhujiang Steel 1.5mm ZJ330B (Finished Coils) at RMB 4’200/ton ($518). Zhujiang Steel 1.75mm ZJ330B (Finished Coils) at RMB 4’050/ton ($499), and Zhujiang Steel 1.85mm ZJ330B (Finished Coils) at RMB 3’900/ton ($481). Prices of Shanghai No.1 Steel Plant, Meishan Steel and Lianyuan Steel’s products also showed no changes Shanghai No.1 Steel Plant’s 2.75mm SPHC was at 3’800/ton ($469); Meishan Steel’s 2.75mm SPHC was at RMB 3’800/ton ($469) and 2.75mm Q235B was RMB 3’700/ton ($456); Lianyuan Steel 2.0mm Q235B was RMB 3’980/ton ($491). Prices of imported products were unchanged. For products imported from Thailand and Malaysia, 1.8mm SPHC was RMB 4’100/ton ($506) and 2.0mm SPHC was RMB 4’000/ton ($493). MMK (Russia) 2.0mm 08YU was at RMB 4’000/ton ($493) and 1.8mm08YU was RMB 4’150/ton ($512). * For coil which has no indication of width and length, it is regarded as 1500*C ** For coil which has no indication of width and length, it is regarded as 1250*C SteelOrbis Shanghai